Danube Drought Shock: Europe’s heatwave pushed the Danube and Rhine to historic lows, cutting shipping capacity and adding pressure to energy production and water supplies across multiple countries, with Hungary’s river-linked infrastructure also in the spotlight. US Tariff Risk for Hungary: The US Senate passed the Lindsey O. Graham Sanctioning Russia and Iran Act, giving President Trump power to impose up to 100% tariffs on goods from top Russian oil and gas buyers—currently including Hungary—raising fresh uncertainty for regional trade and energy-linked costs. Hungary’s New Presidential Race: The governing Tisza party nominated András Baka, a former Supreme Court chief removed under Viktor Orbán, for Hungary’s presidency vote next week, signaling a major political reset after the Orban era. M-Telekom Earnings: Hungary’s telecom leader reported slightly lower revenues but higher operating and net profit in the first half, while tariff increases are being used to offset inflation. Corvinus Education Scandal Fallout: Corvinus’ education vice-rector Lajos György Szabó resigned, promising to reveal new material tied to the exam controversy that led to a lecturer’s dismissal. EU Enlargement Pressure: Brussels faces growing pressure to move faster on new member accessions, as candidate countries demand clearer timelines amid internal EU capacity concerns. Poland’s Economic Climb: Eurostat data shows Poland overtaking several EU economies and ranking as the largest in Central and Eastern Europe, underlining the region’s shifting growth balance.