BUDAPEST

Budapest’s credit rating falls to ‘junk’ as funding row with Orbán’s government intensifies

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Budapest’s credit rating falls to ‘junk’ as funding row with Orbán’s government intensifies

The city of Budapest has been cut to junk status by Moody’s, a leading global credit rating agency, in a rating action that explicitly links the Hungarian capital’s short-term credit risk to liquidity pressure and an ongoing institutional dispute with the national government. “Moody’s Ratings today downgraded the Base Credit Assessment of the City of … Read more

Archaeologists lift the lid on a 1,700-year-old Roman sarcophagus hidden beneath Budapest

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Archaeologists lift the lid on a 1,700-year-old Roman sarcophagus hidden beneath Budapest

BUDAPEST, Hungary (AP) — A remarkably well-preserved Roman sarcophagus has been unearthed in Hungary’s capital, offering a rare window into the life of the young woman inside and the world it inhabited some 1,700 years ago. Archaeologists with the Budapest History Museum discovered the limestone coffin during a large-scale excavation in Óbuda, a northern district … Read more