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The city centre of Belgrade viewed from the Danube (Pixabay)

EU Enlargement and Energy Security — The Hungary–Serbia Relationship

Prior to the start of Hungary’s current presidency of the Council of the EU, Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó stated that the country plans to initiate the opening of a new chapter in accession negotiations with…

Hungary and Uzbekistan Tighten Economic and Atomic Energy Cooperation

The strengthening of bilateral relations has led to increased participation of Hungarian companies in Uzbekistan. A notable instance of this involvement is the successful acquisition by OTP Bank of a majority share in Ipoteka Bank, the fifth largest bank in…
Péter Szijjártó speaking in the Parliamentary Assembly of the Council of Europe on 19 June 2023.

Szijjártó: ‘Witch Hunt’ Against Hungarian Companies Continues in Ukraine

The Ukrainian government is working on blacklisting 14 products by the Hungarian pharmaceutical company Richter. Foreign Minister Péter Szijjártó believes that this has no professional basis, only political, and spoke up against the planned bannings at the EU foreign ministers’…

Ukraine to Abolish ‘Sponsors of War’ List Amid Growing International Pressure

With increasing international pressure, Ukraine is set to abandon its list of ‘international sponsors of the war’. For a significant period, this list featured the largest Hungarian bank, OTP, leading to considerable tension between Hungary and Ukraine….

A Hungarian Bank and The Scope of Ukrainian ‘Naming and Shaming’

It seems that even the most vocal supporters of energy sanctions do not want to give up Russian gas at all cost, which has led to some unusual but rather obvious solutions. Today, fossil fuels from Russia are being transported…

OTP Bank Removed from Ukrainian Blacklist

OTP Bank made several commitments regarding its future plans in the Russian market in an agreement concluded with the Ukrainian National Agency on Corruption Prevention, mediated by the European External Action Service. The Ukrainian authorities have removed the bank from…
Péter Szijjártó with Croatian Foreign Minister Gordan Grlić Radman and EU Commissioner Olivér Várhelyi at the Toledo Council meeting on 30 August 2023.

Hungary Will Resist Pressure to Agree to Financing of Arms Deliveries to Ukraine

Hungary will not decide on any further funding for arms or anything related to Ukraine until it receives ‘a detailed, clear account of how the approximately 50-70 billion euros sent to Ukraine so far have been spent,’ Minister Szijjártó nailed…
Hungarian President Katalin Novák and Volodymyr Zelenskyy in Kyiv on 23 August 2023.

Novák and Zelenskyy See Eye to Eye on Need for Cooperation, OTP Bank Could Be Removed from Ukrainian Blacklist

President Novák and President Zelenskyy engaged in a fruitful one-on-one in Kyiv, which may pave the way for more constructive bilateral relations….
Foreign Minister Péter Szijjártó at the EU Foreign Affairs Council meeting on 20 July 2023 in Brussels.

Péter Szijjártó Sets Ultimatum Regarding EU Funds for Ukraine

The Hungarian foreign minister announced that Budapest will not consent to further arms shipments to Ukraine as long as Kyiv fails to remove OTP Bank from its list of international war sponsors….

Viktor Orbán Advocates for Peace, Promotes Economic Ties in Qatar

The Prime Minister travelled to Doha on Sunday, where he is taking part in an official visit upon the invitation of Qatar’s Prime Minister and delivered a speech at the Qatari Economic Forum upon the invitation of the Qatari Emir….

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