Section: Hungary
PM: Getting gas from every neighboring country is ‘national interest’
Hungary’s Prime Minister Viktor Orbán called it his “personal strategy” for gas pipelines to bring gas to Hungary from every neighboring country, and said it is in the “basic national interest” that gas come to Hungary by bypassing Ukraine, the prime minister told Hungarian Kossuth Rádió today. He added that there is a gas...
Ukraine to launch Kiev-Lviv-Budapest route
The Ukrainian state railways is planning to launch a daily train service on the Kiev-Lviv-Budapest route fas of December 14, local railways administration announced today. …read more Source: Budapest Business...
Russian sanctions said to have a cooling effect on Hungary’s economy
Sanctions in Russia, the conflict in Ukraine together with the euro zone’s sluggish economic growth, have had a chilling effect on Hungary, according to economic news TV station CNBC. …read more Source: Budapest Business...
Merkel to pay a visit to Hungarian Prime Minister
German Chancellor Angela Merkel, is planning on paying a visit to the Hungarian Prime Minister in February, according to German newspaper Die Welt. Orbán has made it clear that he opposes EU sanctions against Russia and given that the extension of sanctions requires a unanimous vote… …read more Source: Budapest Business...
Hungary cools Ukrainian hopes for gas supply
Hungary’s National Development Minister played down Ukraine’s hopes for a fast renewal of gas supplies, saying this country would not be able to provide so-called reverse natural gas flows to Ukraine before filling up its own storage tanks. …read more Source: Budapest Business...
Orbán ensures Ukrainian president of “Hungary’s support”
Richard FieldOrbán ensures Ukrainian president of “Hungary’s support” Energy market strategy as well as security issues were discussed by phone on Tuesday between Viktor Orbán and Ukrainian president Petro Poroshenko Hungarian News Agency, MTI reported. The mostly symbolic act comes only days after Hungarian foreign minister Péter...
OTP Q3 profit triples on base effect of Ukraine write-off
Third-quarter after-tax profit of OTP Bank, Hungary’s biggest commercial lender, more than tripled to HUF 34.1 bln from the same period a year earlier, an earnings report published Friday reveals. Earnings rose on the base effect of a HUF 30.8 bln goodwill write-off at the bank’s business in Ukraine in Q3 2013. …read more...
PM warns Ukraine: our energy security comes first
Hungary is ready to help out Ukraine but it cannot compromise its own energy security, Prime Minister Viktor Orbán said in Dunaújváros on Monday. “Ukrainians can rely on us,” Orbán said but added that “we cannot help others if doing so would mean giving up our own energy security”. He argued that in summer Hungary was in a position to supply...
The Brief History of the Week
The Budapest Times is unrivalled among English-language print publications in the capital for its coverage of the week’s most important national stories, whether they be economic, political, cultural, sporting or among the hundreds of other happenings that go on daily in a major European city. Here, in one concise package, we present some...
“Our nation needs heroes like Munkácsy“
Imre Pákh: We know where Munkácsy came from and what kind of fame he reached thanks to his God-given talent and perseverance Imre Pákh, a Hungarian-American art collector, has the world’s biggest privately owned collection of some 50 paintings by the great Hungarian artist Mihály Munkácsy (1844-1900). In the context of the unofficial...
