Egypt’s SCZONE, Hungary explore investment cooperation
Egypt’s Suez Canal Economic Zone (SCZONE) is seeking to deepen cooperation with Hungary in manufacturing,…
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Hungary
Egypt, Hungary eye closer health ties ahead of minister’s October visit
Egypt and Hungary are looking to expand cooperation in healthcare, with plans for joint training programmes,…
Egypt, Hungary discuss veterinary cooperation
Egypt’s General Organisation for Veterinary Services (GOVS) head Hamed Al-Aqnas met with the Commercial Attachè at…
Euro area inflation eases to 1.9% in May ’25
The euro area’s annual inflation rate reached 1.9 per cent in May 2025, down from 2.2 per cent in April, according…
EU to end Russian gas imports by 2027 under new legal plan
The European Commission is preparing to propose a legal ban on Russian gas and liquefied natural gas (LNG) imports…
Egypt’s Sisi emphasises role of parliaments in strengthening Egypt-Hungary ties
Egyptian President Abdel Fattah El Sisi highlighted the importance of parliamentary roles in both Egypt and Hungary…
Euro area inflation eases in March
Euro area annual inflation slowed to 2.2 per cent in March 2025 from 2.3 per cent in February, while inflation…
Moldova faces energy crisis as Russian gas supply deal ends
Moldova's separatist Transdniestria region cut gas supplies to 12 state institutions on Sunday, escalating tensions…
Euro area construction production shows growth in Oct. ’24
Construction production increased by 1.0 per cent in the euro area and 0.7 per cent in the EU in October 2024,…
Fitch: Eastern European sovereigns face balanced risks in ’25
Eastern European sovereigns are entering 2025 with a neutral credit outlook as improved growth prospects offset…
Hungary’s inflation slows to 3% in September ’24
Hungary's inflation has eased to 3 per cent in September, aligning with the central bank's target, according to the…
Turkey, TotalEnergies seal 10-year LNG deal
Turkey and TotalEnergies have signed a 10-year agreement for liquefied natural gas (LNG) supply, set to commence in…
OECD unemployment rate steady in July ’24
The OECD unemployment rate remained steady at 5.0 per cent in July 2024, with 34.8 million people unemployed across…
Hungary halts rate cuts amid inflation surge
The Hungarian National Bank decided on Tuesday to keep the base rate unchanged at 6.75 per cent for the first time…
Euro area inflation ticks up to 2.6% in July
The euro area’s annual inflation rate increased slightly to 2.6 per cent in July 2024 from 2.5 per cent in June, a…
Intl. study backs feasibility of Black Sea energy project
The Black Sea Energy project, which aims to lay a submarine cable to supply green energy to Europe, has been found…
Uber, BYD to deploy 100,000 EVs in major global deal
Uber Technologies Inc. has announced a major partnership with Chinese automaker BYD Co. to integrate 100,000…
Hungary’s economy shrinks unexpectedly by 0.2% in Q2
Hungary's economy unexpectedly contracted in the second quarter, with GDP falling by 0.2 per cent from the previous…
EU allocates nearly €3b for clean energy projects in 10 countries
The European Union has allocated €2.967 billion through its Modernisation Fund to finance 39 energy projects across…
AI, blockchain, IT offshoring on agenda as Egypt & Hungary boost tech ties
The Information Technology Industry Development Agency (ITIDA) has hosted the Egyptian-Hungarian Business Forum in…
Central Europe urges action against German gas tariff
Four central European nations are urging Brussels to address a gas tariff imposed by Germany, claiming it…
China’s BYD eyes 2nd Euro. EV plant by ’25
Chinese EV leader BYD is planning to expand further in Europe, with intentions to establish a second assembly plant…
Euro area’s retail trade up by 0.8% in March ’24
Eurozone retail trade volume saw a significant increase in March 2024 according to Tuesday data by Eurostat,…
EU to sue Germany for breaking EU single market rules
The European Commission is anticipated to initiate legal action against Germany for imposing an additional charge…
UAE inks $5b deal for Budapest project
Hungary and the United Arab Emirates (UAE) signed a €5 billion deal to revitalise a run-down Budapest neighbourhood…
Veolia to buy Uniper’s gas-fired plant in Hungary
French utility company Veolia confirmed on Monday that it has entered into an agreement to purchase a 430-megawatt…
EU mulls curbs on grain imports from Ukraine
The European Commission is looking into measures to enable eastern EU member states to limit agricultural imports…
Ed Sheeran to perform in Bahrain, Dubai next year
English singer Ed Sheeran announced on his official website that he will be performing in Bahrain and Dubai early…
Egypt plans to localise railway industry with Hungary’s Ganz-MAVAG
The Egyptian Minister of Transport, Kamel El-Wazir is seeking plans to localise the railway industry in cooperation…
Hungary to import LNG from Egypt by 2026
Hungary found a solution for its energy issue as it will be able to import liquefied natural gas (LNG) from Egypt…
Ukraine cuts off Russian oil from 3 countries
Ukrainian oil company UkrTransNafta has on Tuesday cut off Russian oil from Hungary, the Czech Republic and…
Egypt, Hungary tackle civil aviation cooperation
Civil Aviation Minister Mohamed Manar tackled on Monday with Hungarian Minister for Innovation and Technology…
Hungary, China ink loan agreement for Budapest-Belgrade rail project
Hungary and China signed a loan deal to finance the construction of a railway link between Budapest and Belgrade,…
Egypt’s AOI, Hungary’s Tungsram sign MoU on manufacturing lighting equipment
The Arab Organization for Industrialization (AOI) and the Hungarian lighting multinational Tungsram signed an MoU…
Egypt’s Sisi discusses terrorism, irregular migration with Visegrad group leaders
Cairo agrees with the countries of the Visegrad group on the importance of combating terrorism and addressing the…
Hungary PM suggests EU-Egypt migrant agreement similar to deal with Turkey
Hungarian Prime Minister Victor Orban said Saturday that it was necessary to reach a EU-Egypt agreement on the…
Vodafone Egypt chief Ahmed Essam to lead Vodafone Europe
Vodafone Egypt CEO Ahmed Essam has been named the new CEO of Vodafone's European markets, which consist of Albania,…
Uber to put off operations in Hungary due to govt legislation
Ride-hailing service Uber will suspend its operations in Hungary due to government legislation that makes it…
Egyptian Banking Institute’s mission to Hungary, India to explore SME expertise
The Egyptian Banking Institute (EBI) has organised during May two field visits to India and Hungary to get to know…
Hungary inks €900 mln deal to finance Egypt’s purchase of 700 train carriages
Egypt has signed on Wednesday a letter of intent (LoI) with Hungary where the latter will finance its sale of 700…