Hungary-Russia Shift: Hungary has formally classified Russia as a “threat” in a UN-guidelines document signed by PM Péter Magyar, explicitly condemning Russian aggression and backing Ukraine’s right to self-defence—marking a clear break from the Orbán-era approach. Anti-Corruption Power Struggle: Parliament is set to choose the first president of the National Asset Recovery and Protection Office (NVVH), a new super-agency with wide powers; the leadership vote is already surrounded by controversy over the selection process. COVID Ventilator Probe: Hungary’s Foreign Ministry has referred suspected fraud and other crimes tied to a 2020 COVID ventilator purchase (about 17,000 units, ~300bn forints) to prosecutors after an internal review. Aviation Competition: Wizz Air is pushing to expand in Romania by taking over parts of Tarom’s network, while Hungary’s Wizz leadership argues “national airlines” are public-money “black holes.” Energy Markets: European PPA prices rose in July (composite to €45/MWh), with battery storage deals prominent. Climate & Water Risk: Europe’s 2026 heat and drought toll is mounting, with record-low Danube levels exposing fossils and wartime finds. Business & Governance Abroad: Brokerslink expanded its board after a placement, adding three directors to broaden international oversight.