News Hungary Financial: Viktor Orbán Says Trump Promised To Defend Hungary's 'Financial Stability' In Case Of External Attacks
Following talks at the White House on Friday, Orbán announced that Hungary had secured what he called a "financial shield" from the United States, reported Al Jazeera. "Should there be any external ...
News Hungary Financial: EU executive launches new bid to cut funds for Hungary over corruption
The European Union executive sent a formal letter to Hungary on Wednesday, officials said, the first step of a fresh offensive to safeguard democratic checks and balances that could freeze funds for ...
News Hungary Financial: EU executive takes step to cut funds for Hungary over corruption
BRUSSELS (Reuters) -The European Union's executive sent a formal letter to Hungary on Wednesday, officials said, the first step of a fresh offensive to safeguard democratic checks and balances that could freeze funds for Prime Minister Viktor Orban over corruption. Despite years of criticism by rights campaigners that he was channelling EU funds to his associates, Orban won a fourth consecutive election victory earlier this month. It has not been tested before and offers the strongest tool yet in the liberal EU core's struggle against the nationalist Orban, the eurosceptics ruling in Poland and others accused of undercutting the rule of law.
News Hungary Financial: EU triggers rule-of-law budget mechanism against Hungary
The European Commission has launched proceedings that could ultimately lead to the partial suspension of support payments to Hungary for breaching the 27-nation bloc’s rule-of-law standards. The EU’s executive arm said Wednesday that it has given Hungary formal notification and the country has two months to provide explanations and propose remedies. The case marks the first use of a new mechanism allowing the EU to take action to protect its budget since the European Union’s highest court upheld the procedure in February. The commission says the main goal is reaching an agreement so the process can be stopped. If not, the commission would ultimately make proposals for EU members to consider.
News Hungary Financial: Hungary risks cuts of EU funds in bloc’s 1st rule-of-law procedure
EU executive body triggers conditionality mechanism against Hungary for alleged misgivings in use of EU budget - Anadolu Agency ...
News Hungary Financial: Hungary's Dec CPI stuck at 7.4% y/y, core inflation surges -stats
Hungarian headline inflation HUCPIY=ECI was unchanged at 14-year-highs of 7.4% year-on-year in December, exceeding analyst forecasts for a 7.2% increase, while core inflation surged by more than a ...
