The European Commission and the European Investment Bank have announced on Thursday the disbursement of EUR 2.5 billion from the Modernization Fund to support 51 energy-related projects in 11 EU member states, including EUR 552.3 million of transfers for Hungary. These investments will help modernize energy systems by improving energy efficiency in the energy, industry […]
Hungary has officially submitted its recovery and resilience plan to the European Commission, a plan to amend certain laws necessary for accessing European Union funds withheld during the previous Hungarian administration. Amending those regulations will be on the agenda of Hungarian Parliament’s extraordinary session next Tuesday. “Bringing home EU funds” was one of the most […]
The European Commission said Hungary continues to face vulnerabilities related to high government debt and government financing needs, competitiveness, and home prices in a package of policy guidance for member states adopted on Wednesday. An in-depth look at of the Hungarian economy conducted by the EC earlier in 2026 showed an increase in state debt […]
"We have agreed with the President of the European Commission on the release of EUR 16.4 billion, approximately HUF 6,000 billion, in EU funds," Hungarian Prime Minister Péter Magyar announced in Brussels on Friday, MTI reports. At a joint press conference with President of the European Commission Ursula von der Leyen, Péter Magyar said one […]
The European Commission (EC) expects Hungary's GDP growth to accelerate to 1.8% in 2026 and 2.1% in 2027 on domestic demand and a recovery in exports, a spring forecast released on Thursday shows. GDP growth is set to pick up from 0.5% in 2025, "underpinned by domestic demand and exports, as well as improved confidence", […]
The European Commission has approved EUR 71.6 million (HUF 28 billion) in aid from the state of Hungary for the expansion of South Korean tire maker Hankook Tire & Technology Co. Ltd.'s plant in Rácalmás (C Hungary), the European Union's executive body said. The EC statement highlights that this measure will support Hankook in setting […]
The European Commission's meetings with the incoming Hungarian government have been "constructive and positive in tone", and a useful starting point "for the work that now needs to happen, particularly to unblock funds for the benefit of the Hungarian people," EC Deputy Chief Spokesperson Olof Gill told a daily press conference in Brussels on Monday. […]
A high-level delegation from the European Commission met with senior representatives of the incoming Hungarian government and held technical meetings with them in Budapest on April 17-18, the European Union's executive body said on Sunday. "The meetings were an early opportunity for practical discussions on how to move forward and make real progress to unlock […]
The European Commission on Friday adopted a proposal to pay EUR 10.8 million in support to Hungarian farmers hit by spring frost. All grape and fruit growers who have suffered a verified loss of more than 30% of their yield will be eligible for this aid, in addition to the damage mitigation allowance. The EC […]
Budapest has won the European Commission's award for the programs and developments implemented in the framework of last year's European Mobility Week, the Mayor's Office of the Municipality of the City of Budapest announced on Friday. The annual Mobility Week, organized by the European Commission, aims to promote sustainable transport and make it more accessible. […]
The Hungarian pharmaceutical company Gedeon Richter Plc. - together with Sumitomo Pharma America, Inc. and Sumitomo Pharma Switzerland, GmbH - has announced on the website of the Budapest Stock Exchange that the European Commission has granted approval of a Type II Variation application for RYEQO® (relugolix 40 mg, estradiol 1.0 mg, and norethisterone acetate 0.5 […]
Under the Economic Partnership Agreement between the European Union and Japan, 42 more EU and Japanese products have been added to the list of protected geographical indications (PGIs) in both regions, including Hungarian pálinka, the European Commission said on Wednesday. According to the Brussels statement, this is the third time that the list of geographical […]
With the adoption of the Temporary Crisis and Transition Framework (TCTF), the aim of the European Commission is to ensure that the objectives of the European Green Deal will be achieved, the Hungarian Investment Promotion Agency reports. In response to this challenge, a new subsidy scheme is introduced in Hungary under Government Decree No. 210/2014 […]
The European Commission says it has approved a EUR 2.36 billion (approximately HUF 880 billion) Hungarian scheme for accelerated investments in strategic sectors to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan. The scheme was approved under the State aid Temporary Crisis and Transition Framework, adopted by the […]
The European Commission has given its final approval for the acquisition of OMV Slovenija by the Hungarian oil and gas company Mol, putting the Mol Group on track to become the second largest player in the segment in Slovenia. The Mol Group has fulfilled all the conditions for closing the transaction to acquire a 92.25% […]
