Hungary

Chinese battery maker CATL expects Hungarian production to start by early 2026

The battery maker has been extending its lead in the EV battery market, with a 38% share globally in 2024, up from 36% a year earlier

Russia's President Vladimir Putin, who received Hungary's Prime Minister Viktor Orban in the Kremlin, said he was ready to hear the Hungarian leader’s position on Ukraine and to get a readout from Orban on the views of other European partners.

Putin tells Orban he is ready to discuss ‘nuances’ of Ukraine conflict

RUSSIAN President Vladimir Putin told Hungarian Prime Minister Viktor Orban on Friday (Jul 5) that he was ready to discuss the “nuances” of peace proposals to end the conflict in Ukraine.

Chinese President Xi Jinping (left) shakes hands with his Hungarian counterpart Tamas Sulyok prior to their official talks in Blue Hall of presidential palace in Budapest, Hungary.

Xi touts China-Hungary relations as a good blueprint for Europe

CHINESE President Xi Jinping is set to announce a range of new investments in Budapest as he touts Prime Minister Viktor Orban’s Hungary as a model for what the European Union’s relationship could loo...

Hungarian Prime Minister Viktor Orban welcomes Chinese President Xi Jinping at the Ferenc Liszt International Airport in Budapest, Hungary, May 8, 2024.

After Serbia, China’s Xi arrives in Hungary to tighten bonds

FOLLOWING a visit to Serbia, Chinese President Xi Jinping arrived in Budapest on Wednesday in the last leg of his European tour aimed at strengthening already flourishing ties between Beijing and its ...

Chinese President Xi Jinping's visit aims to push the comprehensive strategic partnership between China and France to a new level and give new impetus to the healthy development of China-EU relations.

China’s Xi to visit France, Serbia and Hungary, aims to boost EU ties

CHINESE President Xi Jinping will visit France, Serbia and Hungary from May 5 to May 10, his first Europe trip in five years aimed at boosting EU ties as tensions mount with the world’s second largest...

Ukraine’s larger farm sizes make the country’s grain exports cheaper, and that is pushing EU farmers out of their traditional export markets, say ministers from its neighouring countries.

EU’s eastern members demand import duties on Ukraine grains

THE European Union’s eastern states are demanding that the EU impose import duties on Ukraine grains, citing unfair competition, Hungary’s agricultural ministry said on Monday (Jan 15).

Gazprom so far has not reached a new major export deal with the Asian nation.

Gazprom will boost gas supplies to China, Hungary, CEO says

GAZPROM will send additional gas to China and Hungary this year, Alexey Miller, the company’s chief executive, said on Sunday (Oct 22).

“IIB has exhausted the basis for further operations from its headquarters in Budapest and in the European Union (EU),” the IIB statement said.

International Investment Bank to relocate headquarters from Budapest back to Russia

RUSSIA’S International Investment Bank (IIB) will relocate its headquarters from Budapest back to Russia, according to a statement published on the bank’s website on Wednesday (Apr 19).

“The close link between battery assembly and vehicle production is part of our strategy,” said Markus Fallboehmer, senior vice-president of battery production at BMW.

BMW raises investment in Hungary EV factory to over 2 billion euros

BMW raised its planned investment in an electric vehicle (EV) factory under construction in Hungary to over 2 billion euros (S$2.9 billion) on Friday (Nov 25) and said it will build a 500-million-euro...

Peter Szijjarto, Foreign Minister of Hungary, says: “Without Russian energy, the Hungarian economy would not be able to operate.”

Hungary and Russia hold talks on gas, nuclear plant

HUNGARY’S foreign minister said on Friday (Sep 23) he met Russian Foreign Minister Sergei Lavrov in New York and discussed gas shipments and construction of the Paks nuclear plant being built by Russi...