News in Brief

Budapest-Belgrade railway line about to begin construction

Mihály Varga, Minister of Finance, said in a statement on Thursday that the Hungarian state is financing 85 percent of the investment using a Chinese loan while the remaining 15 percent will come from its own resources.

Jun 7, 2019
News in Brief

Hungary and Romania agree on new gas partnership

“This is the first opportunity in the past few decades that Hungary can buy large volumes of gas from a non-Russian source,” Hungary's foreign minister said. He hailed the cooperation agreement as “historic progress towards Hungary’s energy security”

Feb 6, 2018