Hungary
Largest IT deal of the year in Hungary falls through
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Hungary’s economy extended gains in Q3 as domestic growth has decoupled from weak European and German industrial performance.
Budapest inaugurates monumental Puskas Arena
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+
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.