News
Hungarian authorities announced that a major domestic oil pipeline may be back in service in a matter of days, easing fears of fuel shortages. The rapid restart is being treated as a top national priority amid heightened energy‑supply concerns.
Business
The forint fell to its lowest value since the 2022 change in government, sparking concerns over inflation and debt costs. Officials and market analysts are monitoring the slide as Hungary faces mounting external pressures.
News
Facing record‑low Danube water levels, Hungary will sink two barges to boost river depth and safeguard cooling at the Paks nuclear power station. The emergency move coincides with a government review of its Russian‑backed expansion plan.
News
Budapest has earmarked 6 billion forints for emergency works on the Danube to keep the Paks nuclear power station operational amid record heat and low river levels. The plan includes a weir and the sinking of barges to raise water depth for cooling.
Business
Hungary's consumer price index slipped to 1.2% in July, the weakest pace since 2016, according to data from the Hungarian Central Statistical Office. The drop, driven by falling food prices, reinforces the Orbán government's narrative of economic stability while raising questions about future monetary policy.
Business
Hungary's inflation rate has collapsed according to recent data, sparking widespread discussion on the country's economic trajectory. The sudden change has significant implications for the nation's monetary policy and consumer spending habits.
News
Hungary's sole nuclear power station is on the verge of a forced shutdown as the Danube River hits historic lows, prompting emergency power cuts and a political scramble. The crisis coincides with a heat wave, rising public energy savings, and an upcoming presidential election.