Budapest Post

Man Group Mandates Full-Time Office Return for Quantitative Analysts

London-based hedge fund responds to performance challenges with policy shift

Ryanair Flight Experiences Turbulence, Leading to Injuries and Emergency Landing

Nine people injured during the Ryanair flight from Berlin to Milan due to severe turbulence.

Budapest's Fiscal Crisis: A Report Unveils Dire Financial Straits

A comprehensive municipal report depicts Budapest on the brink of insolvency amid rising solidarity contributions and financial mismanagement.

Hungary and El Salvador: Shared Economic Vision Amidst Ideological Resistance

Hungarian Foreign Minister Péter Szijjártó highlights potential for collaboration during a visit to San Salvador, emphasizing safety and low taxes.

Global Energy Investments Reach $3.3 Trillion in 2023, Emphasizing Renewable Sources

Non-hydrocarbon investments are projected to dominate energy spending this year.

North Korean Mobile Phone Reveals Advanced Surveillance Features

A smuggled device showcases stringent information control and monitoring capabilities in North Korea.

Direct Flight Launched Between Hungary and Kuwait: A New Era in Connectivity

Jazeera Airways initiates bi-weekly flights between Budapest and Kuwait City, enhancing bilateral relations and boosting tourism.

Budapest to Introduce Large Fleet of Electric Buses from BYD

As the city prepares for a new chapter in public transport, 82 electric buses will begin operating next year.

Tesla Shares Plunge Following Trump-Musk Conflict

The electric vehicle manufacturer faces a significant market drop as political tensions escalate.

EU Consumer Protection Agencies File Complaint Against Shein

Twenty-one countries allege that Shein employs deceptive tactics to encourage excessive consumer spending.

Challenges Facing Battery Manufacturers in Hungary Amidst Declining Demand

Major Korean battery plants in Hungary report significant financial losses as demand for electric vehicles slows down.

Hungarian Government Prohibits Display of Rainbow Flags at State Institutions

New decree bans LGBTQ+ symbols from government buildings, citing child protection and developmental concerns.

LLM Tanácsadó and the Financial Surge of Magyar Péter's Company

LLM Tanácsadó's revenue and profit see significant growth, while Tisza Párt leader Magyar Péter outlines financial dealings.

Leadership Changes at Ultima Capital as Hungarian Central Bank Overhauls Investments

The Hungarian Central Bank's renewed leadership initiates a series of changes within its Swiss real estate interests, including Ultima Capital.

UBM Group Acquires Dutch Agricultural Interest in Strategic Expansion

The acquisition of Agrifirm Hungary Zrt. marks a significant growth for UBM Group in the animal feed market.

Scheer Sándor Acquires Duna Palota in Budapest

The businessman purchases the iconic venue for 2.3 billion HUF at a public auction.

OECD Warns of Global Economic Slowdown Amid Rising Trade Tensions

The latest OECD report highlights a significant decline in global growth forecasts, primarily attributed to trade conflicts initiated under the Trump administration.

Suzuki Halts Production of Swift in Japan Due to Chinese Export Restrictions

The suspension, prompted by a lack of essential components, reflects broader disruptions in the automotive supply chain stemming from China's curtailment of rare earth exports.

Ukraine Responds to Poland's National Day of Remembrance for Volhynia Massacre Victims

The Polish parliament designates July 11 as a day to remember the victims of the Volhynia tragedy, prompting a critical reaction from Ukraine's Ministry of Foreign Affairs.

Rising Threat of Synthetic Drugs from Ukraine Poses Risks for Hungary

Increased synthetic drug production in Ukraine raises concerns about border security and public health in Eastern Europe.

U.S. Military Deployment on the Mexican Border Increases Amid Security Concerns

The Pentagon has deployed additional troops and armored vehicles to bolster security along the U.S.-Mexico border.

Trump and Musk Engage in Public Feud Amid Legislative Tensions

The former president and tech billionaire's clash arises from proposed legislation affecting electric vehicle tax incentives.

German Air Force Scrambled Following Russian Reconnaissance Aircraft Incident

Two Eurofighter jets were deployed in response to an unresponsive Russian Il-10 reconnaissance aircraft in the Baltic Sea region.

EU Tightens Import Restrictions on Ukrainian Agricultural Products

Hungary's long-standing demands result in heightened tariffs and import limitations on Ukrainian food items.

Uzbekistan Qualifies for FIFA World Cup for the First Time

Uzbekistan secures a historic qualification for the 2026 FIFA World Cup after a critical draw against the UAE.

George Simion Remarks on the Trianon Treaty Anniversary

The Romanian politician reflects on the historical significance of the Trianon Treaty during a recent statement.

Investigation Launched into Threatening Comments Against Hungarian Prime Minister

Authorities in Hungary respond to social media comments suggesting violence against Prime Minister Viktor Orbán.

Fatal Collision on Route 8 Claims Truck Driver's Life

Driver dies after truck crashes and overturns on the main highway between Öskü and Hajmáskér.

Accident Involving Radioactive Material Transport Vehicle in Hungary Sparks Local Concerns

Authorities monitor radiation levels following a vehicle crash near the Előszállás police station.

Court Convicts Members of PI Group for Conspiracy Against Hungarian Leaders

Seven individuals, including leader Imre Posta, sentenced for plotting violence against government officials.

Ukraine Expands Military Draft Amidst Personnel Shortages

President Zelensky signs law eliminating exemptions for military service as medics urge men to report for reevaluation by June 5.

Severe Animal Neglect Exposed in Tatabánya: Two Dogs Rescued from Deplorable Conditions

Alarmed neighbors alert authorities as dogs are found in a state of extreme starvation and filth in an apartment.

Tragic Incident on Hungary's Ring Road Involves Pedestrian and Vehicle

A pedestrian was struck by a vehicle after disregarding traffic signals on Budapest's Hungária körút.

Severe Drought Devastates Hungarian Agriculture with Plummeting Crop Yields Expected

Widespread drought conditions in Hungary threaten agricultural output as rainfall remains significantly below average.

Israeli Army Discovers Bodies of Hostages in Gaza Strip

The remains of Gadi Haggai and his wife Judy Weinstein, taken during the October 7 Hamas attack, have been identified.

Severe Storms Devastate Lake Balaton Region

Supercell thunderstorms unleash hail and destructive winds across Veszprém County.

Dramatic Near-Misses in Budapest Highlight Road Safety Concerns

Three alarming incidents involving careless driving captured on video raise awareness of traffic safety issues in the Hungarian capital.

Ryanair Flight Encounters Severe Turbulence over Germany, Eight Injured

A Ryanair flight from Berlin to Milan experiences significant turbulence, leading to multiple injuries, including a child.

Hungarian Government Imposes Restrictions on LGBTQ+ Symbol Display

New decree prohibits the display of rainbow flags on government buildings, including schools, as part of measures against LGBTQ+ propaganda aimed at children.