Hungary

US promises up to $1bn in energy infrastructure financing for Three Seas Initiative

Wojciech Kosc in Warsaw February 18, 2020

The financing will go primarily to strengthen energy security across the initiative’s countries, which consider it necessary to end, or at least reduce, dependence on Russia as an energy supplier.

Hungarian PM warns of storm clouds ahead in state of the nation speech

Tamas Szilagyi in Budapest February 17, 2020

Viktor Orban says preserving jobs will remain the most important task in 2020 and beyond, and makes surprise climate announcement.

"Westlessness" dominates the discussion at the Munich Security Conference

Ben Aris in Berlin February 16, 2020

The West has lost the initiative to illiberal powers like China and Russia that are now acting on their own, according to the "Westlessness" report produced ahead of the Munich Security Summit.

Record production at Hungary's sole nuclear power plant

Tamas Szilagyi in Budapest February 6, 2020

The four blocks of the Paps nuclear power plant accounted for nearly half of the gross electricity generated in the country.

WeShare to enter Budapest, Prague car-sharing markets

bne IntelliNews February 5, 2020

WeShare launched in Berlin last June and will expand to seven other cities this year, with plans to deploy 8,400 electric vehicles.

Wizz Air's largest shareholder sells 12.5mn shares in no-frills airline for around £500mn

Tamas Szilagyi in Budapest February 5, 2020

Indigo Partners reduced its share in Central Europe's leading discount carrier from 20.6% to 3.4%.

Hungarian PM Viktor Orban on diplomatic offensive, calls for fair EU budget

Tamas Szilagyi in Budapest February 3, 2020

The Hungarian prime minister complained that the basic idea of the EU's 2021-2027 draft budget is unfair and contains changes that aim to shift money from poorer member states to richer ones.

Returning migrants and trade disruptions: eastern EU members anticipate the cost of Brexit

bne IntelliNews January 31, 2020

Central European carmakers, Polish food producers and Czech brewers are among those expected to be hard hit by Brexit, but until a trade deal between the EU and UK is reached — or not — the extent of the fallout is impossible to predict.

Czech online food shop Rohlik.cz begins operation in Hungary

Tamas Szilagyi in Budapest January 28, 2020

Hungary is the first market outside the Czech Republic for the group, which wants to expand to new markets in the future.

Hungarian forint slips to all-time low against the euro

Tamas Szilagyi in Budapest January 24, 2020

The Hungarian forint is amongst the worst-performing currencies this year, and its depreciation is forecast to continue thanks to the central bank’s dovish policies.

Eastern EU members “failing to address corruption effectively”, finds Transparency International

bne IntelliNews January 23, 2020

Many of the newer EU member states saw their scores deteriorate on the latest Corruption Perceptions Index amid growing state capture and efforts by governments to undermine judicial independence.

Hydrogen-powered drone being developed in Hungary

Tamas Szilagyi in Budapest January 22, 2020

What is being touted as the world’s first hydrogen fuel cell-powered aircraft that could be made suitable for carrying passengers has been unveiled at Jakabszállás airport in central Hungary.

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