Hungary

M&A hits €8.5bn in CEE in Q1, says Mergermarket

bne IntelliNews April 16, 2021

Trend towards bigger deals and more fund investment continues, as deal value rises by half to give best Q1 since 2013.

wiiw raises 2021 CEE growth forecast to 3.8%

Robert Anderson in Prague April 16, 2021

But pandemic has delayed restart of convergence with Western Europe until 2023.

Orban unveils plan for cautious reopening despite soaring death rate

bne IntelliNews April 15, 2021

The Hungarian government will allow outdoor dining places to open next week after the number of people vaccinated reaches 3.5mn, Prime Minister Viktor Orban announces.

Hungarian millionaire’s persecution shows reality of 'rule of law' in Viktor Orban’s Hungary

Tamas Szilagyi in Budapest April 9, 2021

Fertiliser magnate suffers 17 inspections in two years after clashing with Fidesz oligarchs and ending football club donations.

Hungary to finance Fudan University with €1.4bn from Chinese loans

bne IntelliNews April 7, 2021

Spending on Chinese university more than the entire funding of Hungary’s higher education sector in 2019.

Hungary to start gradually lifting restrictions as 2.5mn get the COVID-19 jab

bne IntelliNews April 7, 2021

Many epidemiologists have warned that it is too early to lift restrictions as Hungary continues to report the worst fatality rates on the globe per 1mn inhabitants.

Eurosceptic rightwing trio discuss EP alliance at Budapest summit

bne IntelliNews April 5, 2021

Hungarian Prime Minister Viktor Orban, Polish premier Mateus Morawiecki and former Italian interior minister Matteo Salvini fail to achieve breakthrough at first meeting.

CEE reels as third wave of COVID-19 breaks

bne IntelliNews April 3, 2021

A third wave of the coronavirus pandemic is sweeping through Emerging Europe. While Russia is expecting to reach herd immunity in the next two months, most other countries of the region have only just started their mass immunisation programmes.

IKEA’s New Europe Empire

bne IntelliNews April 3, 2021

Getting an IKEA store is a good guide to how developed a country is. And the Swedish furniture store has an uncanny knack for opening their yellow and blue stores exactly at the beginning of a country's rapid growth phase.

Impact of global chip shortage on carmakers spreading across Eastern Europe, Turkey and Central Asia

bne IntelIiNews March 26, 2021

Production plants forced into stoppages after pandemic-led surge in demand for electronics from locked down populations squeezes semiconductor supplies.

MITTELEUROPEAN INSIGHTS: Central and Southeastern Europe head for a V-shaped recovery

Gunter Deuber and Nicolae Covrig of Raiffeisen Research in Vienna and Bucharest March 19, 2021

The moderate GDP setbacks in 2020 imply that for some CEE countries there will not be such drastic recovery and rebound effects in 2021 as in hard-hit countries in Western Europe.

Hungary’s ruling Fidesz party finalises divorce from EPP

bne IntelliNews March 19, 2021

For the EPP, Fidesz's resignation is a relief as the party has long been an embarrassment for the grouping.

Rising inflation in Emerging Europe poses dilemma for central banks

bne IntelliNews March 17, 2021

With economies primed to rebound as pandemic restrictions are loosened, consumer prices could rise even further, reawakening an issue that has long been ignored.

Hungary's healthcare sector under immense pressure as third wave explodes

bne IntelliNews March 12, 2021

Government reveals Chinese and Russian vaccines it bought are more expensive than EU-procured ones.

Hungarian central bank to extend scope of QE scheme

bne IntelliNews March 10, 2021

MNB extends quantitative easing purchases to bonds issued by quoted companies and can now buy up more than half of any government issue.

ING: Commodity supercycle calls grow

Warren Patterson Head of Commodities Strategy at ING in the Netherlands March 7, 2021

It has been an exceptional month for commodity markets, with growing inflation expectations increasing investor interest in the assets. Meanwhile, fundamental developments, particularly in the oil market, have only provided a further boost.

Hungary to tighten pandemic restrictions as new infections hit record

bne IntelliNews March 5, 2021

Government criticised for sluggish response, with shops and schools only being closed now despite earlier warnings of 'third wave'.

Rising provision costs dent profit of Hungary’s OTP in 2020

bne IntelliNews March 5, 2021

Consolidated after-tax profit at Hungary's largest commercial lender fell by 31% y/y to HUF71.5bn.

Hungary’s Fidesz pulls out of EPP before it is expelled

bne IntelliNews March 4, 2021

Viktor Orban's withdrawal will leave him in no-man's land and significantly reduce his influence. It could also make it easier for the EU to punish Orban for dismantling Hungary's democracy.

Hungarian Q4 growth in GDP revised up to 1.4%

bne IntelliNews March 3, 2021

Services dragged the economy down, contributing a 3.2pp decline in Q4.

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