Hungary’s MOL Group and MVM Group have signed a new oil trade agreement to further diversify energy supplies in landlocked Hungary and Slovakia. The deal could boost the use of alternative crude by 160,000 tons annually through imports from the Caspian region.
‘Additionally, there is significant potential to increase the export of Uzbek goods to the Hungarian market in product categories that are in demand in Hungary…This would help diversify Uzbekistan’s export structure and more fully realize the existing trade potential between the two countries.’
Recent developments in the Hungary–Ukraine spy scandal indicate that one of the exposed Ukrainian intelligence officers, Roland Tseber, had a deeply embedded network within Hungarian political and defence circles. He even organized opposition leader Péter Magyar’s visit to Kyiv last July, further raising suspicions about the Tisza party and its potential cooperation with Ukrainian intelligence.
‘Hungary is important to Uzbekistan not only as a supplier of pharmaceuticals and medical equipment but also as a source of advanced technologies and expertise. In turn, Uzbekistan has effectively established exports of goods such as agriculture, chemicals, and textiles.’
‘The development of transit corridors and the implementation of joint logistics infrastructure projects are key strategic components of cooperation within the OTS. In this regard, the joint development of the Middle Corridor is taken into account, which allows diversifying the transit of goods from China to Europe and back.’
Hungarian companies can play a significant role in the Saudi economy as the Kingdom opens its doors to foreign players.
Wizz Air has taken delivery of its first Airbus A321 XLR, a long-range aircraft that will expand its Europe–Middle East routes. The airline plans to modernize its fleet with this fuel-efficient model, aiming for greater sustainability and capacity.
‘Yet nearly two decades later, Spain appears increasingly unprepared to manage a renewed wave of migratory pressure. In 2023 alone, over 56,000 migrants arrived by sea, with more than 61,000 arrivals recorded by the end of April 2024. The Canary Islands remain the epicentre, experiencing a 140 per cent year-on-year increase.’
Goalkeeper Péter Gulácsi has announced that he will no longer be playing for the Hungarian National Team. The 35-year-old footballer is one of the few players who were in the squad for all three consecutive European Championships Hungary qualified for between 2016 and 2024.
As the Trump administration signals its intention to step back from peace talks over the war in Ukraine—pressuring Kyiv and Moscow to engage in direct negotiations—a new structure for peace efforts is beginning to take shape. In parallel, the Vatican under Pope Leo XIV is assuming an increasingly active role in the process, positioning Rome as the new epicentre of the negotiations.