Hungary

ViennEast Compass: CESEE outlook, planning for new normal

Marcus How of Vienneast in Vienna August 3, 2020

There is no end to the COVID-19 pandemic in sight, but the new normal that will emerge could benefit the countries of Central Eastern and Southeastern Europe (CESEE), due to the new opportunities that will arise.

Festival organisers' hopes dashed as Hungary maintains restrictions on gatherings

Tamas Szilagyi in Budapest July 31, 2020

Musicians and festival organisers were angered by the government’s decision to maintain tough rules on concerts, while lifting the ban on sporting events.

VISEGRAD BLOG: The slow death of Hungary’s independent media

Tamas Szilagyi in Budapest July 27, 2020

Firing of independent news site Index.hu’s editor-in-chief triggered a mass walkout by journalists, further narrowing the number of free media outlets in Hungary where the landscape is now dominated by PM Viktor Orban's allies.

Hungarian mixed reality pioneer receives €2.1mn venture capital financing

bne IntelliNews July 22, 2020

Budapest-based AerinX provides a mixed reality (MR) system for streamlined aircraft inspections.

EU leaders strike deal on post-coronavirus stimulus plan

bne IntelliNews July 21, 2020

European Union leaders reached agreement on a massive stimulus plan for the bloc’s economies in the early hours of July 21, after almost five days of intense talks. 

Shareholders rebel against Wizz Air CEO's bonus payment

Tamas Szilagyi in Budapest July 21, 2020

Jozsef Varadi is expected to receive €533,000 in bonus payments on top of a base pay package is €2.8mn per year, despite the airline laying off staff and making use of the UK government's furlough scheme this spring.

Hungarian PM clashes with his Dutch peer over rule of law mechanism linked to EU budget

Tamas Szilagyi in Budapest July 20, 2020

The so-called frugal states led by the Netherlands set conditions for the approval of the €750bn recovery fund to revive Europe's ailing economies. They want money to be withheld from countries that fail to live up to democratic standards.

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