EU unblocks €90bn loan to Ukraine after pipeline repair and political change in Hungary
The European Union has initiated the final procedures to release a €90 billion loan to Ukraine following the repair of a key oil pipeline and a change in Hungary's political leadership.This development comes after months of deadlock caused by Hungary's veto linked to the suspension of Russian oil transit through Ukraine's Druzhba pipeline.Hungary had previously blocked the loan agreement, citing concerns over the halted transit of Russian oil through the Druzhba pipeline, which was damaged by Russian strikes.The outgoing Hungarian Prime Minister, Viktor Orbán, accused Ukraine of sabotaging the pipeline transit, demanding the resumption of oil flows before approving the... [Continue Reading]
360LiveNews | 22 Apr 2026 12:31 LONDON
Hungary seeks suspension of €1 million daily EU fine over asylum law non-compliance
Hungary's incoming prime minister, Peter Magyar, has formally requested the suspension of a daily €1 million fine imposed by the European Union for Hungary's failure to comply with EU asylum laws.The fine, which has accumulated to approximately €600 million, was originally imposed following a 2020 ruling against Hungary for forcibly returning asylum seekers to Serbia.The penalty was first levied two years ago by the EU court, with Hungary's former prime minister, Viktor Orbán, refusing to pay the fine.Magyar now faces the financial burden amid a struggling Hungarian economy.Magyar has indicated that suspending the fine is necessary to help restart the... [Continue Reading]
360LiveNews | 22 Apr 2026 07:02 LONDON
Hungary's opposition wins supermajority in parliament, faces challenges undoing Orbán's legacy
Hungary's opposition party, led by Péter Magyar, has secured a supermajority in the national parliament following recent elections.Magyar's Tisza party won 141 out of 199 seats, surpassing the two-thirds majority required to amend the constitution.The election saw a high voter turnout of nearly 80 percent, reflecting strong public support for change after 16 years of governance by Viktor Orbán and his Fidesz party.Orbán conceded defeat, marking a significant political shift.Despite the opposition's parliamentary dominance, entrenched Fidesz loyalists remain in key institutions, notably the Constitutional Court.The court's president, Péter Polt, a Fidesz co-founder, was recently re-elected for a term lasting until... [Continue Reading]
360LiveNews | 21 Apr 2026 14:32 LONDON
