Hungary

Hungary’s Pegasus spyware scandal takes new twist

bne IntelliNews November 8, 2021

A senior official from Hungary’s governing party acknowledged that the government had purchased Israeli spyware tool Pegasus, which was allegedly used to target journalists, businesspeople and an opposition politician.

bneGREEN: Gas and nuclear lobby hard to be declared green in Europe

Richard Lockhart in Edinburgh November 5, 2021

Gas and nuclear power should be considered as sustainable investments in the EU green taxonomy, a confidential non-paper sent to the European Commission on October 29 and circulating in Brussels has claimed.

Poland and Hungary report highest new COVID-19 cases since April

bne IntelliNews November 5, 2021

Officials are considering new restrictions in both countries as fourth wave threatens health systems.

Sberbank Europe to sell Hungarian unit and four other subsidiaries in CEE region

bne IntelliNews November 4, 2021

Buyer is Serbian tycoon Miodrag Kostic, who has built a financial empire with AIK Banka and Gorenjska Banka of Slovenia.

THE VIEW FROM MITTELEUROPA: German traffic light coalition could worsen frictions with CEE

Marcus How and Gunter Deuber in Vienna November 1, 2021

A new centre-left government in Berlin could help create a two-tier Europe, especially if it promotes rule of law penalties.

bneGREEN: UN warns that net-zero pledges are insufficient and not urgent enough

By Richard Lockhart in Edinburgh October 27, 2021

A majority of G20 net-zero pledges made so far are not strong enough and are not backed up by meaningful and effective promises of action.

Hungary marks anniversary of anti-Soviet uprising in high-pitch campaign mode

bne IntelliNews October 25, 2021

Hungarian election campaign starts early as Orban warns of Soros-led plot to return puppet master Gyurcsany to power.

bneGREEN: EU MEPs back binding methane targets

bne IntelliNews October 25, 2021

In a resolution on the EU’s strategy for cutting methane emissions, MEPs voted 563 to 122 in favour of introducing binding measures and targets on methane abatement, in order to significantly reduce emissions by 2030, in line with Paris goals.

Balkan Stream countries hope to avoid worst of international gas crisis

Clare Nuttall in Zagreb October 21, 2021

While the debate rages over the Nord Stream 2 pipeline, a separate pipeline system carrying Russian gas to Southeast Europe has been quietly opened over the last few years, which enables the countries on its route to avoid the worst of the gas crisis

wiiw hikes 2021 CEE growth forecast to 5.4%

Robert Anderson in Prague October 21, 2021

Growth is predicted to fall to 3.7% in 2022 and 3.5% in 2023 because of base effects, monetary tightening and more significant external headwinds.

bneGREEN: Green policies set to reduce EU gas demand to baseload core

By Richard Lockhart in Edinburgh October 18, 2021

While the current gas crisis in the EU sees record-high wholesale gas prices, hurting consumers and causing the latest round of a supply disputes with Russia, the race to net zero by 2050 could have deeper long-term consequences for EU gas demand.

Hungarian opposition voters pick Marki-Zay to challenge Orban in 2022 elections

bne IntelliNews October 18, 2021

Conservative mayor defeats DK's Dobrev in primary run-off with 57% of the vote.

Hungary’s automotive sector output plunges on chip shortage

bne IntelliNews October 14, 2021

The decline in output of automotive industry companies, which accounted for 17% of total manufacturing output in August, accelerated from a 6.7% drop in July.

CEE needs to speed up transition to new growth model, argues GLOBSEC report

bne IntelliNews October 12, 2021

Annual CEE Strategic Transformation Index puts Slovenia top in CEE (after Austria), followed by Czechia and Poland.

CEE/SEE countries unite in defence of nuclear power

bne IntelliNews October 12, 2021

EU’s pro-nuclear member states want nuclear energy to be included in the bloc's green taxonomy as a way to ameliorate climate change.

Hungary’s inflation jumps to near nine-year high

bne IntelliNews October 11, 2021

In its latest quarterly Inflation Report, the National Bank (MNB) predicted a further rise in inflation in the autumn months and put CPI over 5% for the rest of the year.

Hungary’s primary race takes new twist as Budapest mayor announces withdrawal

bne IntelliNews October 8, 2021

Polls show that frontrunner Klara Dobrev could become Hungary’s first serious female candidate for premier if it remains a three-person race, but the race could be a cliffhanger now she is running against one challenger.

Hungarian opposition’s primary run-off tainted by rows and backroom deals

bne IntelliNews October 6, 2021

New poll shows that conservative mayor Marki-Zay is closing the gap on Klara Dobrev and is now the second most popular candidate among opposition voters.

Dobrev could face uphill battle in Hungary's opposition run-off

bne IntelliNews October 1, 2021

Third placed candidate Marky-Zay and Budapest Mayor Gergely Karacsony will decide next week which of them should withdraw to give the other a clear run against Dobrev.

Klara Dobrev wins first round of historic Hungarian opposition primary but run-off could be nailbiter

bne IntelliNews September 30, 2021

Budapest Mayor Gergely Karacsony and independent Peter Marki-Zayare also set to make the cut to be opposition candidate to face Hungarian strongman Viktor Orban.

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