Following his party’s crushing defeat in a general election, Hungary’s outgoing prime minister, Viktor Orban, said on Saturday that he would give up his seat in Parliament and focus on rebuilding his battered “patriotic movement.” But after 16 years in power and nearly four decades as leader of Hungary’s once invincible Fidesz party, he indicated…
Ukraine gets multibillion-dollar loan; Russia rakes in oil revenue. A loan drama tied to geopolitics. Kyiv is getting a much-delayed lifeline from Brussels, as it fights Moscow’s invasion with nearly empty coffers. Recommended Stories list of 4 itemsend of list That is after Ukraine repaired a pipeline carrying Russian crude to Hungary, Slovakia and beyond….
Hungary dropped its opposition to a $106 billion loan from the European Union to Ukraine on Wednesday, most likely clearing the way for the bloc to extend a needed lifeline to Kyiv as the war with Russia drags on. The loan — 90 billion euros — had been held up since February by Prime Minister…
Shorouk Express Hungary’s rejection came hours before a dinner between German Chancellor Friedrich Merz and Belgian Prime Minister Bart De Wever in Brussels to discuss the loan. Merz said he was planning to use the event to bring De Wever on board. “I take the concerns and objections of the Belgian prime minister very seriously,”…
Shorouk Express Four people briefed on the plans told POLITICO the Commission is hoping to base its action on a set of European Council conclusions that all EU leaders, including Orbán, agreed to on Dec. 19 last year. In that statement, the leaders declared: “Russia’s assets should remain immobilised until Russia ceases its war of…
Shorouk Express Economy Materials 22 September 2025 03:18 (UTC +04:00) Hungary’s FDI in Azerbaijan reached $166.2 million in the first half of 2025, rising by 80.2% compared to the same period in 2024. Its share of total FDI grew from 3.1% to 5.2%. As a result, Hungary became the 7th largest foreign investor…
