EC suspends excessive deficit procedure against Hungary

The European Commission has suspended an excessive deficit procedure (EDP) against Hungary, the National Economy Ministry (NGM) announced on June 11. In the framework of the European Semester Spring Package, the EC weighed measures the eight member states …

Kobakhidze Meets Orbán in Budapest, Blasts EU Bureaucracy and Praises Hungary Ties

On June 11, Georgian Prime Minister Irakli Kobakhidze commenced an official visit to Hungary, where he met with Hungarian Prime Minister Viktor Orbán in Budapest. The visit began with a formal welcoming ceremony at the Hungarian Prime Minister’s Palace, …

Construction of Serbia-Hungary oil pipeline strategically important project for both countries

Minister of Mining and Energy Dubravka Đedović Handanović spoke today in Belgrade with representatives of the Hungarian Ministry of Foreign Affairs and Trade, as well as the companies MOL, Naftna Industrija Srbije and Transnafta, about the implementation …

Djedovic Handanovic: Serbia, Hungary to coordinate oil pipeline parameters

BELGRADE - Serbia and Hungary will coordinate technical parameters and other operational issues to build an oil pipeline between the two countries, Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic said at a meeting with representatives of …

Space station leak concerns will delay visit by astronauts from India, Poland and Hungary

CAPE CANAVERAL, Fla. – A chartered spaceflight for India, Poland and Hungary’s first astronauts in decades has been delayed indefinitely because of leak concerns at the International Space Station. NASA said Thursday that it wants to monitor the cabin …

4iG and N7 Holding Unite to Transform Hungary’s Defense and Industry

Hungarian Lynx infantry fighting vehicles and Leopard battle tanks conduct a joint operation The 4iG Group and N7 Holding Zrt. have signed an agreement to establish Hungary’s first state-owned and privately held defense industry holding company, Index …

Space station leak concerns will delay visit by astronauts from India, Poland and Hungary

Hungary to sell majority of its defence industry interests to 4iG

Hungary is set to privatise the majority of its defence industry interests with 4iG, closely aligned with the government acquiring a 75% plus one vote majority in state defence company N7 Holding, while the state will retain a 25% minus one vote minority …

The situation is tougher, but Hungary is well positioned – Citi’s global risk leader speaks out

First, let’s talk about your global strategic goals. What are your main objectives for this year and the coming years? Our strategy is very much centered around the strength of our global network. Citi does business in more than 180 countries and …

Samsung SDI inaugurates R&D base in Hungary, one of only five worldwide

Samsung SDI inaugurated a 56-million-euro (22.5-billion-forint) research and development centre on the outskirts of Budapest, which will focus on improving the battery production process. The facility will be one of the five the South Korean company has …