Heatwave & Cooling Demand: Europe’s record heat is driving a surge in cooling products, from air conditioners to portable fans, with Chinese firms ramping up production and exploring new shipping and sales routes to meet demand. Energy Transition & Resilience: Eurelectric says record clean power generation in early 2026 helped cushion Europe from gas-price shocks, but warns flexibility gaps remain without more storage and grids. Hungary Climate Pressure: Hungary hit a new 42°C record, while Lake Balaton’s problems go beyond water levels, including pollution and habitat loss. Industrial Costs: Hungary’s industrial producer prices fell in May, with domestic and non-domestic trends diverging across manufacturing and energy. Power Storage Investment: MVM is commissioning new battery storage systems in Ajka and Tiszaújváros, adding to Hungary’s push for grid flexibility. Energy Security (Balkans): The US extended a short-term licence for Serbia’s NIS, keeping the Pancevo refinery running while MOL-Gazprom talks continue. Local Governance & Institutions: Hungary has started taking back control of Orbán-era public-interest foundations, including MCC, as part of unlocking frozen EU funds. Business & Finance: OTP Bank submitted an application to open a branch in Mongolia as investment agreements worth $545m were signed. Tourism Disruption: Tui cancelled a Budapest river cruise after an air-conditioning fault, offering refunds and flights home.