Due to global economic uncertainty, central banks in both Europe and the US have raised their inflation forecasts and cut growth expectations. Hungary, however, anticipates modest growth this year, supported by strong domestic consumption and a stable banking sector.
As of 1 July 2025, the US Agency for International Development (USAID) has ended all of its operations, with the remaining programmes continuing under the State Department’s oversight. Political Director to the Hungarian Prime Minister Balázs Orbán welcomed the decision, emphasizing its significance in reducing foreign interference against sovereignist governments.
Air traffic in Hungary is booming, with Budapest Airport reporting a 14 per cent increase and overflight traffic rising 6 per cent since last year. HungaroControl highlights the country’s growing tourism appeal and increased traffic due to the Ukraine conflict.
Protests in Serbia have continued since November, sparked by a deadly infrastructure collapse and growing anger at President Vučić’s government. As the EU backs protesters and withholds aid, Hungary defends Vučić, denouncing the movement as a foreign-backed attempt to destabilize the region.
Hungarian Prime Minister Viktor Orbán called Montenegro a ‘key country’ and reaffirmed Hungary’s support for its EU membership. Meeting with Montenegrin PM Milojko Spajić in Budapest, the leaders signed cooperation agreements in infrastructure and telecoms.
On the 100th anniversary of Hungarian–Iranian diplomatic ties, Hungary joined Iran Expo 2025 in Tehran, fostering business talks and new trade partnerships. With 3,100 traders from 111 countries, the expo underscored growing economic, agricultural, and educational cooperation between the two nations.
In a recent podcast appearance, comedian Dana Carvey admitted that he avoided being too harsh on President Biden with his impression of him on Saturday Night Live, since it was obvious that the former POTUS was ‘compromised mentally’.
A record number of young people have applied to the Mathias Corvinus Collegium’s free talent programmes, prompting an extension of the University Programme application deadline to 4 August. Interest spans from primary school to university-level courses.
Russia’s capture of Shevchenko—site of a key lithium deposit—is alarming investors over the future of a US–Ukraine critical minerals deal. With further Russian advances, Donald Trump may face a tough choice: ramp up pressure on Moscow or risk the deal’s collapse.
To curb unjustified price hikes, Hungary’s government and the pharmaceutical sector have agreed to voluntarily cap prices on 44 popular over-the-counter and prescription medicines until mid-2026, aiming to protect families and pensioners.
On 1 July, Denmark is assuming the rotating presidency of the Council of the EU. They will be carrying over European competitiveness as a major priority from the Hungarian presidency a year ago. However, on the issues of migration, Russian energy imports, and Ukraine’s EU accession, they are taking the exact opposite stances, as discussed on the Hungarian news channel Hír TV.
Hungarian painter Ágnes Zászkaliczky will showcase her evocative vision of a fragile Venice at the 2025 London Art Biennale, joining over 350 artists from 60 countries in Chelsea Old Town Hall. Known for blending classical artistry with modern expression, Zászkaliczky’s richly symbolic work warns of climate and cultural loss, while she continues innovating in stage and multimedia design at home.
A new EY study highlights a sharp contrast between executives and users on the trustworthiness of AI, with leaders optimistic about integration and users voicing concerns over privacy, transparency, and accountability.
Juneteenth marks the end of slavery in the U.S., yet the legacy of human bondage extends far beyond American shores. From African complicity in the slave trade to Black slaveholders in early America, and the persistence of slavery in parts of modern Africa, this article explores the often overlooked complexities of a global and ongoing issue.
‘Europe stands at a crossroads as America retreats from NATO, immigration stokes domestic unrest, and the EU overreach alienates voters. SI offers a remedy: a continent where nations govern democratically, cooperate voluntarily, and secure themselves without external crutches, by grounding solidarity in national consent.’
Hungary and Türkiye aim to boost annual trade from $3B to $5B, as per a nine-point deal signed at the recent meeting of the Hungary–Türkiye Joint Economic Commission in Ankara, Türkiye. The pact includes visa facilitation, a €255M Eximbank credit line, and new investments—highlighting deepening ties between the two nations across multiple sectors.
Hungary’s new bottle return system has exceeded expectations in its first year, with citizens returning millions of containers daily. In a podcast with former president János Áder, MOHU’s CEO outlined successes, challenges, and ambitious waste plans ahead.
Ukraine’s ambassador to Hungary Sándor Fegyir discussed the current state and future prospects of Ukrainian–Hungarian relations in an interview with Index, stating that political communication has flaws on both sides, but that ‘it is never too late to apologize to each other.’
Hungarian Prime Minister Viktor Orbán discussed a wide range of topics with astronaut Tibor Kapu during a video call on Sunday. Kapu shared insights into his experiences so far aboard the International Space Station, including details about the experiments he is conducting and the Hungarian food he brought with him to space.
Two firefighters were shot dead, while one was hit but survived, while responding to a bushfire near Coeur d’Alene, Idaho. Authorities believe the shooter is now dead as a deceased man was found with a rifle near the crime scene. The identity and the motive of the man who committed the heinous act are yet to be known.
As Hungary braces for a record hot summer, the government is covering farmers’ water fees and expanding irrigation efforts. Agriculture Minister István Nagy criticized Brussels and the Tisza Party for backing EU plans that would shift drought costs to farmers.
At the NATO summit in The Hague, leaders pledged record defence spending—5 per cent of GDP by 2035—marking the biggest shift since the Cold War. While Ukraine saw little progress toward membership, Donald Trump stole the spotlight with military success and strong support from allies, reshaping the summit’s focus toward core defence.
The US government has lifted sanctions related to Hungary’s Paks nuclear power plant expansion, a move Foreign Minister Péter Szijjártó credits to the new Trump-led administration, calling it key to Hungary’s long-term energy security.
‘Hollókő Castle is a key site within Hungary’s National Castle Programme, a state-led initiative to restore and honour the historic strongholds that once defended our homeland. The planned third phase of the programme will further elevate the castle’s stature as a beacon of national remembrance.’
‘I realized that I could actually explain to children that the violin can be used to play anything. I started talking to them about where they had traveled, and I told them that for me, the violin is my passport because it has taken me to 90 countries. I also explained to them that classical music is the foundation—it gives you the technique that allows you to play anything.’
‘In short, for the vast majority of the people in the region, Hungary would be the most acceptable and desirable form of Europe and Europeanization. Of course, the close connection with Trump, whom many truly appreciate and respect in the Balkans, also significantly contributes to this.’
‘We felt the Holy Spirit was hearing our prayers, and it seemed to be watching over us ever since. The restart was not without obstacles. The new German pastor simply disliked Hungarians and no longer allowed us to use his church for Hungarian Masses. Within a month, however…we secured a larger chapel in the lower church of the Basilica of the National Shrine of the Immaculate Conception.’
In its ‘Beyond the Óperencia’ series, Magyar Krónika is looking at the meeting points of America and Hungary, and at Hungarians in America…In this part, let us continue the adventurous story of Béla Estván, a swindler who pretended to be Hungarian in the US and whose life, built on lies, finally collapsed in Vienna after blackmailing Franz Joseph I.
‘“Perpill” is more than a collection of objects. It is an intellectual and visual experiment that connects the ideals of collective creation with a renewed interpretation of sculptural tradition. The BAGUDA group stands as an exemplary model of how individual artistic vision and communal discourse can strengthen, rather than undermine, one another.’
Speaking to Euronews in Brussels, Balázs Orbán warned that admitting Ukraine into the EU means importing conflict with Russia, insisting Hungary will not support Kyiv’s accession while war rages on. He further criticized Western sanctions for damaging the EU’s economy, stressing that peace remains distant and Russia has not been weakened, despite nearly three years of punitive measures.