"If I return every time with this amount of money, I might come back more often," Hungarian Prime Minister Peter Magyar quipped during the press conference in Brussels.

The European Union this year finalized significant revisions to its rules countering money laundering and terrorist financing (the AML Package). In addition to strengthening the existing regulatory ...

This regulation, commonly referred to as the "Instant Payment Regulation," mandates that banks and savings institutions across the 38 SEPA countries, including EU nations, Switzerland, Norway, and ...

The digital euro project is accelerating, with the ECB having completed its preparatory phase. If the timeline holds, the EU is expected to finalize legislation in 2026, launch pilots in 2027, and ...

The EU's next long-term budget, the Multiannual Financial Framework (MFF) covering 2028 to 2034, was billed as a historic overhaul. In practice, experts say it falls short. With a headline envelope of ...

BUDAPEST (Reuters) -Hungary should not adopt the euro currency as the European Union is "disintegrating" and Hungary should not tie its fate closer to the bloc, Hungarian Prime Minister Viktor Orban ...

Hungary is to receive 16 billion euros from the EU’s new defence fund SAFE. But many wonder who will really benefit from the loans now the government has sold off most of its defence industry to a ...

BUDAPEST, Hungary (AP) — The advocate general for European Union’s highest court on Thursday urged the court to annul a 2023 European Commission decision to release billions in funding to Hungary that ...

In the European Union, the regulation of electronic money (e-money) is a critical topic that bridges the gap between technological innovation and financial security. The legal framework primarily ...