Hungary

Largest IT deal of the year in Hungary falls through

Tamas Szilagyi in Budapest December 11, 2019

Hungary's 4iG has called off talks on buying the country's leading ICT company T-System, a subsidiary of Deutsche Telekom. Rumours the deal was falling through caused 4iG shares to plunge 10% before the news was confirmed.

Hungarian government's controversial culture bill sparks protests

Tamas Szilagyi in Budapest December 10, 2019

Sexual harassment case involving a high profile director gave Hungary's right-wing government a pretext to overhaul funding for cultural institutions and increase state control over theatres.

Hungarian competition office slaps Facebook with heavy fine

bne IntelliNews December 9, 2019

HUF1.2bn fine for misleading statements, is the biggest ever fine levied in a consumer protection case in Hungary.

IIB building up CEE identity after relocation of HQs to Budapest

Levente Szilagyi in Budapest December 4, 2019

fectly placed to grow further after the relocation of its HQ s to Budapest. Of the five major international development banks operating in the EU, IIB is the only one stationed in the region and is building on its CEE identity

Hungarian startup gets funding to enter US meat substitute market

Tamas Szilagyi in Budapest December 4, 2019

Plantcraft Innovacios has developed soy, gluten, and additive-free cold cuts using natural plant protein sources. It's now targeting the US where a revolution in plant-based meat substitutes is already underway.

Saxo Bank’s Outrageous Predictions 2020

Daniel Rad December 3, 2019

What are the odds on China, Iran and Russia creating a new world currency? On Moscow slashing oil production? And on Hungary making a ‘Huxit’ while Trump gets an election hammering?

Hungary takes further steps to strengthen ties with China

Tamas Szilagyi in Budapest November 28, 2019

China is Hungary's largest business partner outside of the EU with bilateral trade rising to $9bn last year, and is set to increase further with the opening of new air links.

IIB’s loan portfolio to exceed €1bn by end of 2019

bne IntelliNews November 26, 2019

International Investment Bank recently moved its headquarters to Budapest, and since then has already increased its loan portfolio by 11% and expanded its investor base.

Hungarian forint slips to record low

Tamas Szilagyi in Budapest November 26, 2019

The Hungarian forint extended losses on the interbank market, slipping to 337.2 versus the euro on November 26, with analysts blaming the central bank's extremely loose monetary policy.

Hungarian alternative energy company Alteo outlines ambitious growth strategy

Tamas Szilagyi in Budapest November 26, 2019

Alteo's five-year strategy sets out the goal of becoming Hungary's number one industrial energy supplier and reaching a 50% share in renewable sources in district heating.

BRICKS & MORTAR: Small shops in Hungary wither even as consumption rises

Tamas Szilagyi in Budapest November 25, 2019

Smaller shops have trouble financing rising wages and have been hit by the migration of workers to larger, multinational retailers.

IIF: Game of loans, debt at record highs, climate concerns to drive up cost of borrowing further

Institute of International Finance November 22, 2019

​Without question, rising debt levels have supported global growth since the 2008 financial crisis. However, there are increasing questions about the marginal utility of further borrowing—and a lot of concern that a continued ramp-up in debt could sp

Hungary’s Opus in talks to sell coal-fuelled power plant Matrai Eromu

Tamas Szilagyi in Budapest November 20, 2019

Matrai Eromu has incurred losses due to rising carbon prices, and its future is in danger as a result of tighter rules on carbon-powered plants in the EU.

Hungarian government acknowledges delay at Paks nuclear power plant

Tamas Szilagyi in Budapest November 20, 2019

Budapest seeks to delay repayment of Russian loan for nuclear power plant expansion as new units now not expected to be up and running before 2030.

Hungary’s central bank governor sees no signs of overheating

bne IntelliNews November 18, 2019

Hungary’s economy extended gains in Q3 as domestic growth has decoupled from weak European and German industrial performance.

Budapest inaugurates monumental Puskas Arena

bne IntelliNews November 18, 2019

Hungarian PM Viktor Orban's obsession with football is legendary, and critics say spending on sports infrastructure is draining money away from the health sector and education.

Hungary delays pension bond issue due to success of MAP+

bne IntelliNews November 14, 2019

The finance ministry and the state debt manager, AKK, did not want to launch a new bond issue against a successful bond programme already in place.

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