Today, record-breaking heat is being experienced, but the Danube water level has improved, exceeding Sunday’s low point by nearly 10 centimeters, and one block of the Paks Nuclear Power Plant is operational. A positive development is that Hungary will receive the guaranteed Danube water volume guaranteed in international agreements, while Slovakia is prepared to release some additional water. Many organizations across the country are continuing to conserve energy and water due to the heat. We can continue to follow the developments.
The European Union is preparing a sanctions package of unprecedented scale, which would place more than 1600 companies on a blacklist, citing their support for Russia’s war against Ukraine. If the member states approve the proposal, it would be the largest package of sanctions ever imposed on so many organizations.
Donald Trump, the US president, acknowledged in an interview with Fox News on Monday that the new tariffs aim to align with the goals of the policies that the Supreme Court has deemed unconstitutional. The president noted that the court rejected his previous measures in a close vote, and that he is now trying to achieve the same goals in a more difficult and complex way.
Despite the ongoing conflict in Eastern Europe and soaring energy prices, the German economy could remain stable, and growth could continue, although inflation could accelerate again and uncertainty remains significant. The latest monthly report from the Bundesbank also indicates that reducing bureaucracy would provide significant relief for companies, according to Handelsblatt.
According to a Citadel Securities analysis, the Federal Reserve could raise interest rates as early as this week, and this unexpected move would reinforce the credibility of Federal Reserve Chairman Kevin Warsh in the fight against inflation. The company’s chief macro strategist believes that the market is again underestimating the Fed’s tightening monetary policy, Bloomberg reported.
The European Union’s 890 million euro fine not only directly affects Google, but it could also facilitate further lawsuits for damages. Google’s European competitors have already won hundreds of millions, and now they could demand even larger sums.
The National Assembly has approved three packages of legislation necessary for the implementation of Hungary’s recovery plan, which will enable the drawdown of a 10 billion euro RRF framework. The measures include the creation of a state-owned rolling stock management company for the purchase of new railway vehicles, as well as the acceleration of energy developments and a number of tax reforms. The transport and energy measures are funded by approximately 3.5–3.8 billion euros in EU funds.
In the official gazette’s Monday edition, the minister’s instructions regarding the Health Ministry’s Organizational and Operational Regulations were announced. This provides detailed information on how the ministry functions, which has been re-established within this new government.
According to the latest surveys, the Tisza Party and Magyar Péter’s popularity has declined, but their support remains exceptionally high. Experts attribute the slight decline to the rushed process of nominating a candidate for president and the lack of social consensus. Meanwhile, the popularity of the ruling party seems to be stabilizing after a significant decline. RTL Híradó reported this.
On Monday and Tuesday, the government, through the Prime Minister’s Office, initiated an extraordinary session of the National Assembly. Recent polls show that the Tisza Party’s support is declining, but it still has a significant advantage.
The Szeged BYD investment has been granted state support worth billions of forints and permits for the employment of nearly ten thousand temporary workers. This was announced by Velkey György László, State Secretary of the Ministry of Foreign Affairs. Péter Stumpf, a Member of Parliament, criticized the fact that Szijjártó Péter and the Fidesz party had ignored the expectations of the public during negotiations, and that the government would now seek to coordinate with foreign partners in the best interests of Hungary.
As part of the restructuring of Hungarian public media, on July 26, 2026, the MTVA will merge into Duna Media, and the resulting organization will continue to operate as Hungarian Radio and Television Nonprofit Ltd. in the future, according to Media1.
By the end of June, the hospitals’ outstanding debt had reached 49.5 billion forints, and it is expected to reach up to 100 billion forints by the end of the year. The Medical Technology Association and other professional organizations have urged urgent measures, such as raising funding contributions, but Health Minister Zsolt Hegedűs has not yet provided information on possible solutions, citing the debt problem.
Portfolio.hu - Gazdaság·
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