Hungarian Foreign Minister János Martonyi called for the preservation of the unity of the European Union at a roundtable meeting in Brussels. Hungary supports "more Europe" but clearly rejects "more than one Europe," he said.
Hungarian Foreign Minister János Martonyi called for the preservation of the unity of the European Union at a roundtable meeting in Brussels. Hungary supports "more Europe" but clearly rejects "more than one Europe," he said.
A delegation by the International Monetary Fund and the European Union, which held talks on precautionary financial assistance to Hungary in the past eight days, will return to Budapest in September, Hungarian Prime Minister Viktor Orbán has stated.
In 2011, price levels for consumer goods and services differed widely across the European Union. The lowest price levels were found in Bulgaria and Denmark had the highest price level. Compared to the EU27 average, Hungary’s prices are at 62%.
Hungary future IMF negotiator, Mihály Varga, expects formal negotiations with the International Monetary Fund (IMF) and the European Union on a financial assistance program start as soon as early summer thanks to meeting the preconditions for the talks.
Hungarian Prime Minister Viktor Orbán held a short meeting with European Commission President José Manuel Barroso in Brussels on Tuesday. Orbán says a breakthrough is close in disputed with the EU but analysts are skeptical.
European Union finance ministers adopted a Commission proposal to suspend Cohesion Fund commitments for Hungary from 2013, Margrethe Vestager, Danish Minister for Finance, told a press conference on Tuesday.
The European Parliament will draw up a report on whether EU laws and values are respected in Hungary. It will then decide whether to activate EU Treaty Article 7, which is used to investigate a clear risk of a serious breach of EU common values.
Ensuring the independence of the central bank (NBH) and guaranteeing the normal functioning of the judiciary are preconditions for the start of formal talks with the IMF and the EU on financial assistance for Hungary, EU Commissioner László Andor says.
The governing Fidesz majority of Hungarian Parliament has ruled that from now on, the National Bank of Hungary may get a government-appointed Vice Governor, the headcount of the rate-setting Monetary Council can be increased.
Preparatory talks between Hungary's government, the IMF and the European Union on a precautionary loan were interrupted on Friday, Amadeu Altafaj Tardio, spokesman for Economic and Financial Commissioner Olli Rehn said.
In a piece for the 'European Voice', Hungarian Foreign Minister János Martonyi voiced his opinion that governments must force the markets to change their perceptions of the eurozone and bear more common responsibility.
Hungarian-born American billionaire investor György (George) Soros said in Budapest this Thursday that the current euro crisis has the potential to destroy the cohesion of the European Union, mainly due to its political nature.
The international community will examine all possibilities and take the necessary steps in response to violence in Libya, Hungarian defence minister Csaba Hende told an informal meeting organized by the Hungarian EU Presidency.
A Hungarian culinary week is being held at the European Parliament in currently, featuring traditional Hungarian dishes, such as pea soup, 'székelykáposzta' (sauerkraut stew) and 'Somlói galuska' (Somló spnge cake).
In July this year, the European Union saw the start of the second half of its current seven-year budgetary period (2007-2013). Overall, Hungary has access to about HUF 4,000 billion (EUR 14.4 bn) left until 2013.
