The failure of the Nation Alliance under optimal conditions shows that 'big tent' coalitions under a single list often do not succeed in extending the opposition's reach.
Democratic governance deteriorates in Emerging Europe and Central Asia, with worst declines in already authoritarian regions.
The MNB's monetary council cut the O/N rate by 100bp to 17% but left the base rate on hold at 13%
Orban's regime, notorious for its anti-migration rhetoric, says it cannot keep holding the traffickers, citing high costs and overcrowded jails.
The first investments are due to begin in six counties in sub-Saharan Africa in 2025.
Justice ministry says delegation had “put forward political expectations beyond the EU’s conditionality procedure and super milestones".
Hungarian move follows reports that Ukrainian President Volodymyr Zelenskiy suggested that Druzhba (Friendship) oil pipeline to Hungary should be blown up.
Most Hungarian analysts believe that GDP will grow 0.5-1% this year, which is below the government’s 1.5% target.
Investments would strengthen Hungary’s position as the number one Central European investment destination for Chinese companies.
Inflation remains a drag on growth in Emerging Europe, along with sluggish growth in advanced economies and stricter financing conditions in Central Europe and the Baltic states.
Hungary’s industrial production fell 4.1% y/y in March, and by 4% when adjusted for working days.
Analysts debate whether monetary easing will start in May or in June.
Hungary’s budget follows last year’s trajectory as deteriorating economic activity puts pressure on the revenue side. The expenditure side also looks challenging, with sky-high inflation at the forefront.
Hungary wins yet another big battery investment from Asian producers.
Retails sales plunge 13.1% when adjusted for calendar year effects, the fourth straight month of decline.
The rapid deterioration in domestic demand is bad news for both the retail sector and industry, as they continue to struggle. With the latest set of data showing continued weakness, we expect the economy to remain in a technical recession.
I have been writing that we are facing a period of high inflation since long before it was fashionable. Now I believe that, on the balance of probability, we face an entire decade of high inflation.
Orban's hosting of the Conservative Political Action Conference for the second time in two years demonstrates how his electoral successes have made him a role model among right-wing populists in Europe and the United States.
Fires in 45 countries burnt an area the size of Montenegro, with Ukraine, Spain and Romania the worst affected countries.
EU member states have suspended €6.3bn of EU budget funds and held back €5.8bn of RRF funds due to concerns over the rule of law, corruption and lack of judicial independence.