Hungary

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.

Hungarian opposition leaders clash in second televised debate

Tamas Szilagyi in Budapest September 28, 2021

Debate took place as opposition parties are holding the country’s first-ever primary to select candidates for 106 constituencies and pick their leader to challenge Hungary’s strongman Viktor Orban.

ING: ECB’s push for net-zero carbon will grow ESG credit

Timothy Rahill Credit Strategist at ING in Amsterdam, Jeroen van den Broek Global Head of Sector Research at ING in Amsterdam September 24, 2021

In the push for reducing carbon, significant investment will be necessary, and in turn, funding will be required. This will provide growth for the credit market, and in particular for anything associated with ESG.

Romania and Latvia's car ownership rates among lowest in Europe

bne IntelliNews September 24, 2021

The lowest motorisation rates were found in Romania (357 cars per thousand people), Latvia (381 cars) and Hungary (390 cars).

COMMENT: Risk premiums in Central Europe during the COVID era do surprisingly well

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors September 23, 2021

In times of crisis there is a fight to quality by bond traders who are keen to reduce their risks. However, in this crisis the countries of Central Europe have done surprisingly well thanks to ECB support.

bneGREEN: Greenwashing: regulators flex muscles as the market remains in flux

Richard Lockhart in Edinburgh September 22, 2021

Defining a green investment is crucial to boosting the expansion of renewable energy and preventing the mis-selling of investments by so-called greenwashing, whereby the environmental impact of a product is misrepresented.

Hungary’s Monetary Council decides to slow the pace of tightening cycle

bne IntelliNews September 22, 2021

Rate-setters raised the central bank’s base rate by 15 basis points to 1.65%, below the 20-30bp hike expected by analysts.

Hungarian opposition accuses Fidesz of sabotaging first round of primary election

bne IntelliNews September 20, 2021

IT experts confirmed that it was not simply an overload but a targeted attack, organisers said.

MITTELEUROPEAN INSIGHTS: Hungary's surprise debt issuance demonstrates the EU's financial whip is not working

Gunter Deuber and Stephan Imre of Raiffeisen Research in Vienna September 17, 2021

Hungary's big return to the international bond market shows it is expecting a lengthy spat with the EU but it also makes financial sense.

bneGREEN: Global coal plans collapse by 76%

By Richard Lockhart in Edinburgh September 16, 2021

The global pipeline of proposed coal power plants has collapsed by 76% since the Paris Agreement in 2015, bringing the end of new coal power construction into sight, new research by green think-tank E3G finds.

bneGreen: Finland’s Betolar develops green cement as construction races to decarbonise

Richard Lockhart in Edinburgh September 15, 2021

Finland’s Betolar is pioneering the production of low-carbon cement by using alternative industrial waste products in a process that could reduce CO2 emissions by up to 80%.

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