Court Orders Release of 1 Billion Euro Chinese Loan Contracts with Hungary

The state debt manager ÁKK has been ordered in a final court ruling to release the contracts related to a €1 billion Chinese loan agreement, it was announced by Democratic Coalition MP László Varju, who started the case. The party initially requested …

Biggest Battery Energy Storage System Inaugurated in Hungary

Met Duna Energiatároló, a unit of the MET Group, an energy company based in Switzerland with Hungarian roots, has inaugurated 40MW battery storage at the Dunamenti Power Plant in Százhalombatta (S of Budapest). The investment is supported with over HUF 4bn …

Wizz Suspends more Gulf Flights from Hungary

Wizz Air will expand its suspension of flights to and from the Middle East to include services to Dubai and Abu Dhabi from July 3 to September 15, citing heightened geopolitical tensions and associated airspace restrictions in the Middle East. The airline …

Gouillon, Hungary's Azbej discuss persecution of Kosovo-Metohija Serbs

BUDAPEST - The director of the Serbian Office for Public and Cultural Diplomacy Arnaud Gouillon met with the Hungarian state secretary for the aid of persecuted Christians, Tristan Azbej, to discuss the decades-long persecution of Orthodox Serbs from the …

Offaly soprano selected to represent Ireland at prestigious choral programme in Hungary

A RISING young soprano from County Offaly has been selected to represent Ireland in an international choral programme at the prestigious Liszt Academy in Budapest this summer. Caitlin Minnock, a student at the Royal Irish Academy of Music, was chosen for …

MET Group inaugurates Hungary’s largest BESS with Huawei technology

The company already deployed a 4MW/8MWh BESS there using Tesla Megapacks in 2022, but for the larger project opted to use China-based electronics giant Huawei. Although not the most regular figure in BESS news, Huawei does have a major presence in the …

Hungary’s top court said no on rainbow march, Budapest Pride accepting police decision – here’s Mayor Karácsony’s ...

The police decision to ban a march for the equality of LGBTQ people, planned by four organisations to be held in Budapest on June 28, was lawful, the Hungarian Supreme Court said in a ruling rejecting the organisers’ claim against the decision on Friday. …

Once prosperous, Hungary is now the poorest nation in EU — meanwhile, this tiny nation tops the wealth rankings

Hungary proposes holding Ukraine peace discussions

(MENAFN) Hungary has reiterated its willingness to host peace negotiations aimed at resolving the ongoing conflict in Ukraine, Foreign Minister Peter Szijjarto stated on Thursday. Since the conflict intensified in February 2022, Hungary has taken a unique …

Hungary Named Best Bond Issuer in the Region by Global Capital

In connection with its EUR 2.5 billion bond issue in January, the Hungarian State Debt Management Agency (ÁKK) has been recognized with two professional awards by the international financial magazine Global Capital, ÁKK informed MTI on Thursday. According …