Hungary

IIF Green Weekly Insight: The Roaring Twenties

The Institute of International Finance (IIF) January 27, 2020

Global demand for electricity is projected to surge over 20% this decade. Power generation accounts for 40% of emissions and Emerging markets, notably China and India, will account for over 85% of rising demand in the next ten years.

Hungarian forint slips to all-time low against the euro

Tamas Szilagyi in Budapest January 24, 2020

The Hungarian forint is amongst the worst-performing currencies this year, and its depreciation is forecast to continue thanks to the central bank’s dovish policies.

Eastern EU members “failing to address corruption effectively”, finds Transparency International

bne IntelliNews January 23, 2020

Many of the newer EU member states saw their scores deteriorate on the latest Corruption Perceptions Index amid growing state capture and efforts by governments to undermine judicial independence.

Hydrogen-powered drone being developed in Hungary

Tamas Szilagyi in Budapest January 22, 2020

What is being touted as the world’s first hydrogen fuel cell-powered aircraft that could be made suitable for carrying passengers has been unveiled at Jakabszállás airport in central Hungary.

KMPG evaluates McDonald's impact on Hungarian GDP at €456mn

bne IntelliNews January 19, 2020

McDonald’s opened its first restaurant in Hungary in April 1988 and since then it has become a dominant player in the fast food market.

Visegrad leaders stand united at Prague summit

Tamas Szilagyi in Budapest January 17, 2020

V4 plus Austria agree on issues such as migration, border security and enlargement, but differences arise over nuclear energy as a solution to climate crisis.

Keppel Infrastructure buys into MET Group

Tamas Szilagyi in Budapest January 17, 2020

For MET, an integrated European energy company with roots in Hungary, the partnership with Keppel is the next step to exploring joint energy infrastructure investment projects in Europe.

ING: Hungarian inflation jumps to 4% in December

ING Think January 15, 2020

Hungary's headline inflation rose remarkably in December, as expected, mainly on the back of energy prices. But what's more important is that core inflation slowed somewhat, so we see the central bank remaining calm.

Hungary takes over fertility clinics to offer free IVF services in bid to halt population decline

Tamas Szilagyi in Budapest January 14, 2020

Prime Minister Viktor Orban's government has long advocated a "procreation over immigration" approach to deal with demographic decline.

Hungarian central bank governor blasts flawed housing policy

Tamas Szilagyi in Budapest January 14, 2020

MNB governor Gyorgy Matolcsy blamed the government for a lack of strategy that has contributed to spiralling prices.

VIENNEAST COMPASS: Risk outlook 2020 – balancing in limbo

Marcus How of Vienneast in Vienna January 14, 2020

CEESE had a good year in 2019, with the economies in the region buoyed by increasing domestic consumption and capital spending that allowed the region to decouple from western Europe.

SK Innovation planning to boost EV battery production capacity in Hungary

bne IntelliNews January 13, 2020

Capacity of SK Innovation's second Hungary factory to be raised to 16 Gwh equivalent to meet soaring demand from European carmakers.

CAPITAL ECONOMICS: CEE growth comes off the boil in 2019, but loose money and strong demand will bolster growth in 2020

bne IntelliNews January 8, 2020

The European Commission’s batch of Economic Sentiment Indicators (ESIs) fell sharply in December, although they remain consistent with regional GDP growth holding steady at around 3.6% y/y in Q4. Robust domestic demand should help to cushion the blow

OUTLOOK 2020 Hungary

bne IntelliNews January 6, 2020

Ruling Fidesz is under pressure both at home and abroad, but neither politics nor the worsening external environment have so far dented Hungary’s stellar economic growth.

Hungary’s state electricity company buys out loss-making power plant from oligarch

bne IntelliNews January 5, 2020

The sale came at the right time for oligarch Lorinc Meszaros, as Matrai Eromu’s preferential agreement with former owner RWE on carbon prices will expire in 2021, and its future is also in danger due to tighter rules on EU carbon-powered plants.

Hungarian government revises 2019 growth target and projects at least 4% annual GDP growth until 2023

Tamas Szilagyi in Budapest January 5, 2020

Budapest expects export growth to outstrip import growth from 2021, but pace of growth for both household consumption and fixed investment set to slow.

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