The Hungarian MVM Group is set to buy a stake in Shah Deniz, one of the world’s largest natural gas fields, in Azerbaijan. This move will significantly strengthen Hungary’s energy supply and represents another major step towards independence from Russian…
Hungary’s Honorary Consulate has opened in Monaco, allowing Hungarians to vote in the European Parliament elections on 9 June at a record of 147 foreign locations. Minister of Foreign Affairs and Trade Péter Szijjártó pointed out the significance of 9…
‘Within a few years, Hungary will be among the five countries in the world capable of manufacturing over one million cars annually,’ Péter Szijjártó stated, announcing a new investment in Zalaegerszeg by US Flex….
Foreign Minister Péter Szijjártó of Hungary claimed that Hungary will not back outgoing Dutch Prime Minister Mark Rutte’s candidacy for NATO Secretary General since he had made comments about ‘bringing Hungary to its knees’ in the past, He also added…
Monday’s Foreign Affairs Council meeting was incredibly tense, with Péter Szijjártó coming under enormous pressure regarding the fourteenth sanctions package and the additional military and financial support to be provided to Ukraine. EU foreign ministers continue to criticize the Hungarian…
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…
The HDZ-led coalition won 34.4 per cent of the votes in the general election, while the Rivers of Justice got 25.4 per cent of the vote, with a turnout of 62.3 per cent. These results give a hint as to…
The recent visit of Hungarian Foreign Minister Péter Szijjártó to Brunei underscores Hungary’s strategic intent to strengthen its relationships with burgeoning economic regions, notably the Association of Southeast Asian Nations (ASEAN). It also signals one of Hungary’s foreign affairs objectives…
The value of the three-part investment is HUF 26 billion, with the government providing approximately HUF 900 million in support, Minister of Foreign Affairs and Trade Péter Szijjártó announced on 23 May. The minister highlighted at the inauguration ceremony of…
Slovak Prime Minister Robert Fico is in a stable but very serious condition after he was shot at point-blank range by a 71-year-old perpetrator, described as a poet and political activist in media reports, on Wednesday afternoon. The international community…
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