Magyar Nemzeti Bank - Hungary’s central bank - raised its base interest rate by 100 basis points to 11.75% on Tuesday to fight inflation which is seen peaking near 20%. Photo by ha11ok z Pixabay
Photo by ANATOLY MALTSEV / PAP / EPA
The European Commission on Monday cleared Hungarian oil and gas company MOL's acquisition of 417 Lotos refueling stations in Poland. At the same time, MOL agreed to sell 185 of its own gas stations to PKN Orlen for a total consideration of USD 259 mln. Photo by David Tanecek / PAP/CTK (JAP)
The European Commission has raised its projection for Hungary’s GDP growth this year to 5.2 percent and said it would slow to 2.1 percent in 2023. Photo by OLIVIER HOSLET / PAP/EPA (JAP)
KGHM, the Polish copper giant, has signed a contract with NuScale. As part of the concluded agreement – signed in Washington in the presence of Deputy Prime Minister Jacek Sasin and representatives of the American administration – KGHM and NuScale will implement the SMR technology in Poland.
The Central Statistical Office (KSH) said Hungarian economic output grew by an annual 7.2 percent in the fourth quarter, bringing full-year growth to 7.1 percent.
Hungarian Prime Minister Viktor Orbán held talks in Budapest on central and eastern Europe’s energy sovereignty and efforts to consolidate the north-south energy corridor with Daniel Obajtek, management board president of the Polish PKN Orlen company, and Zsolt Hernádi, chairman-CEO of the Hungarian MOL Group – the prime minister’s press chief Bertalan Havasi announced.
Reduced VAT on gasoline and diesel oil in Poland and the Fuel Price Cap introduced by the Hungarian government are pushing more and more drivers from Germany, the Czech Republic and Slovakia to top up their tanks in Poland and Hungary. Photo by Marcin Bielecki / PAP (JAP)