What are the latest news in Hungary?
Foreign Policy & Security
- Shift in Russia Policy: The Hungarian government formally designated Russia as a security threat in a United Nations General Assembly document, marking a significant break from past foreign policy. In response, Moscow has issued warnings concerning bilateral energy supplies and the future of the Paks II nuclear expansion project. Anadolu Ajansı———
- New Asset Recovery Office: Parliament established the National Asset Recovery and Asset Protection Office (NVVH) to investigate prior state spending and procurements, including pandemic-era contracts.
- Danube Drought & Nuclear Operations: Severe summer drought and record-low water levels in the Danube River forced emergency water-engineering interventions to keep cooling pumps operational at the Paks Nuclear Power Plant. Plant operators confirmed reactors are returning to nominal capacity following riverbed modifications.- World Nuclear News+ 1———
- Upcoming Climate Legislation: The government announced plans to introduce new climate and water management laws aimed at building national water retention reservoirs to combat severe agricultural and energy disruptions caused by droughts. -World Nuclear News——–
- Fiscal Deficit Targets: The Finance Ministry confirmed it will maintain a budget deficit target of roughly 7.5% of GDP for the year, citing compounding pressures from extreme weather disruptions and energy costs.- www.wam.ae———
- Monetary Policy: The Magyar Nemzeti Bank (MNB) continued its interest rate easing cycle as broader inflationary pressures showed signs of stabilization. -www.budapesttimes.hu——–
- Passing of Péter Nádas: Renowned Hungarian novelist, essayist, and Kossuth Prize winner Péter Nádas passed away at his home in Gombosszeg at the age of 83.- www.budapesttimes.hu———