Hungary
COVID-19 lockdown sends Hungary's industrial output back to 2013 levels
Statistics office KSH said preliminary data suggests the drop in vehicle manufacturing was "extreme", despite Hungary's main carmakers partially reopening in May.
Hungarian government paid Wizz Air €14mn to fly in PPE from China
Foreign ministry reveals cost of bringing medical equipment to Hungary— but won't comment on why the government picked Budapest-based no-frills airline for the flights rather than specialised cargo carriers.
Economic sentiment in CEE picks up in June, but still deeply depressed
The economic sentiment indicators started to pick up again in June across Central and Eastern Europe (CEE), but there are big differences between the countries as they start to recover from the coronacrisis at their own speeds
Romanian online retailer eMAG begins expansion in Hungary
Romania's largest online retailer plans to open three more showrooms in Hungary and reach a turnover of €300mn in the country.
VISEGRAD BLOG: Returning migrants but no COVID baby boom for emerging Europe
What does the coronavirus pandemic mean for the region's dismal demographics?
Hungary's central bank surprises market with first rate cut in four years
The central bank's goal is to stimulate the economy, benefitting from disinflationary trends and the easing of volatility on global markets.
Global pandemic is boon for ESG funds, outperforming their brown peers
The coronavirus (COVID-19) pandemic has been a boon for environmental, social and governance (ESG) funds, 85% of which are now outperforming their non-ESG peers, according to a paper released by the Institute of International Finance (IIF)
Illicit cigarette consumption declines in eastern EU states
KPMG report says fewer contraband cigarettes flowing into the EU, but growth in illegal factories within the bloc.
Emerging Europe banks face surge in distressed loans when COVID support measures expire
Vienna Initiative report warns banks heading for a "cliff-edge effect of new distressed borrowers", followed by successive waves of new NPLs.
Hungarian MPs vote to end government’s special powers
Budapest adopted legislation granting extraordinary powers to the government for an unlimited period raised concerns about future of democracy and fundamental rights in Hungary.
VISEGRAD BLOG: The COVID-19 pandemic may actually strengthen Central and Eastern Europe's position in Europe
The COVID-19 pandemic may actually strengthen Central and Eastern Europe in relative economic terms to the rest of Europe, argue Marek Belka and Piroska Nagy-Mohacsi (LSE), with Poland being one of the big winners
CEE banks heading for one of their worst crises in 10 years
Post-COVID-19, banks in Central and Southeast Europe expect demand for financing to contract sharply, credit standards to tighten and an increase in NPLs, a new EIB survey shows.