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The law establishing the asset recovery and protection office entered into force on Wednesday, after it was signed by Speaker of Parliament Agnes Forsthoffer in her capacity as interim president. |
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Standard & Poor’s (S&P) has lowered its 2026 growth forecast for Central and Eastern Europe, while raising its inflation expectations, warning that the region faces increased stagflation risks. |
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A strike committee has been formed at the Szeged plant of tyre maker ContiTech Rubber Industrial as employees and management have failed to reach an agreement on wages and a one-off bonus, according to Gabor Radics, president of the tyre industry union. |
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Authorities have declared Hungary’s highest-level drought emergency in effect after the drought index exceeded the legal threshold in 66 of the country’s 84 water management districts, Environment Minister Laszlo Gajdos announced on Wednesday. |
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