Hungary
THE VIEW FROM MITTELEUROPA: Has EU enlargement been an economic success story?
20 years after the accession of Central Europe, EU enlargement can be seen as an engine of economic growth, even if it was not a success everywhere and in all areas.
Orban uses CPAC to bolster role in growing 'anti-globalist' coalition
Orban is admired by representatives of the Trumpist US right-wing for his tough immigration policies and advocacy for families and Christian conservatism.
Hungary’s OTP makes reported record bid for EU bank
Hungarian lender says target is in an EU country in which OTP did not have a presence, triggering speculation.
Fears grow of Russian interference in Central European media space
At the same time, in Poland and Hungary, social networking sites and messaging apps are considered more free and more trustworthy than mainstream media, according to new poll.
Orban: Hungary is island in the European progressive liberal ocean
“We must drain the swamp in Brussels in June and in Washington in November,” Hungarian premier says.
Bankers reassessing accelerating climate crisis in anticipation of trillions of dollars of annual damage
As the climate crisis accelerates, banks are facing increasing financial risks and have begun to try to assess their exposure to the trillions of dollars of damage extreme weather will do every year.
CEE recovering but no full rebound in sight, says wiiw
Germany’s slow recovery is dampening growth prospects for Central and Southeast European economies.
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More than €15bn of Chinese investments underway in Hungary, says foreign minister
Hungary has become the primary European destination of Chinese corporate investments, with a string of investments targeting the battery industry.
Hungarian rate-setters slow pace of rate cuts to 50bp at April meeting
The Monetary Council of the National Bank (MNB) reduced the base rate by 50bp to 7.75% in line with projections, slowing down the pace of monetary easing from 75bp in the previous meeting.
Hungary aims to double geothermal energy use by 2030
Hungary already uses geothermal energy as a clean alternative to fossil fuel in district heating, but has vast untapped reserves.
AI and cybersecurity to drive CEE tech sector
PwC and CEE Digital Coalition believe the Central and Eastern Europe region has the potential to create the EU’s Silicon Valley.
Cordia launches €1bn waterfront residential project in Budapest
Cordia will build more than 2,500 homes on the 14-hectare brownfield site in the coming years.
Shutdown of controversial far-right conference in Brussels triggers debate over free speech
The conference demonstrates the spread and rise of the radical right, which could become the third largest force in the European Parliament in June.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
Hungary attracts Southeast Asian guest workers in growing numbers
At the same time CEE workers leave because of Hungary's low wages.
Hungary’s election committee clears Magyar’s bid to run in EP election
The former Fidesz insider has shaken up the political status quo as he is now polling at 14-15%, in third place.
CEE falling inflation trend comes to an end
After spiking to 20-year highs thanks to the pandemic and Europe’s Russian induced energy crisis, inflation rates across the EU have tumbled in recent months. That trend has ended and CEE central banks are expected to hike rates again in 2H24.
Hungary announces postponement of investments to meet new deficit target
Analysts calculate that the postponement of HUF675bn (€1.73bn) of state investments will not be enough and that some HUF1.1 trillion of fiscal consolidation is required to keep the revised target of 4.5% of GDP this year.
Viktor Orban blasts Migration Pact as "another nail in the coffin" of EU
"The MigrationPact is another nail in the coffin of the European Union. Unity is dead, secure borders are no more. Hungary will never give in to the mass migration frenzy! We need a change in Brussels in order to StopMigration!" Orban said.
MOL opens largest green hydrogen plant near Budapest in CEE region
Hungarian oil and gas giant MOL has inaugurated one of Europe's largest green hydrogen plants and the biggest in CEE to support refinery operations at its facility south of Budapest from a €22mn investment.