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Budapest’s energy dependence on Moscow and mistrust of Kyiv complicate the bloc’s approach to the conflict
Viktor Orbán’s government has yet to enact reforms aimed at ensuring the country’s judicial independence
Last summit of the year kicks off with a commemorative session with Asian leaders
Vetoes of corporate tax directive and Ukraine funding lifted, underscoring Orbán’s need for EU money
Wider political deal includes approval for minimum corporate tax in EU and Budapest having possible access to recovery funds
Several unanimity decisions are being held hostage by Budapest
PM Viktor Orbán reverses signature policy as cost of imports soars after Russian sanctions disrupt market
Brussels in turn delays €5.8bn of Budapest Covid recovery funds for move seen as ‘low point’ in Orbán’s foreign policy
European Peace Facility expected to be topped up by another €5.5bn
Brussels accuses central European country of failing to live up to its pledges on the rule of law
The country is becoming a surprise hub of Europe’s new battery industry. But critics fear becoming too dependent on China
Budapest says it has fulfilled rule-of-law pledges and will be able to tap into EU funding
Brussels ready to approve recovery plan but plans partial freeze on regional funding
But monetary policy alone will not be enough to bring yields down
In Hungary and across the region residents are turning to cheaper and dirtier sources of heat such as lignite coal
The European Commission must stay tough on internal threats to democracy
Pekka Haavisto appeals to Turkey and Hungary to ratify Finnish and Swedish memberships
Central bank also offers energy importers foreign currency to ease market pressure
Budapest says project is part of a long-term ambition to diversify region’s energy infrastructure
Hungarian premier joins EU leaders upset at lack of bloc-wide solution
Potential freeze on €7.5bn of funds gives the bloc serious bargaining power
Macron, von der Leyen, Michel travel to London and New York this week
Move by European Commission follows lack of progress from Budapest in allaying officials’ concerns
Budapest ‘open to all options’ to alleviate concerns, EU affairs minister Tibor Navracsics tells FT
Berlin puts pressure on Hungary to drop resistance to EU directive on 15% rate
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