Investment funds recorded a record outflow of capital in June as households ploughed their savings to the new Map Plus retail bonds, which offer the highest returns at all stages of maturity.
The core message for bankers and investors active in the CEE region should be: close to old records, potential for more but watch out for late cycle phenomena.
Super laser research facilities in the two CEE countries will form a European Research Infrastructure Consortium (ERIC), which is expected to start operating in January 2020.
With the acquisition of Hungary’s leading ICT company, the company owned by businessmen close to the government gained control of yet another company operating in a strategic sector.
Economists from wiiw have revised upwards their forecasts for Central and Southeast European economies as wage-driven growth has stopped them from following the eurozone into a slowdown.
The Hungarian year-to-date general government deficit came in at HUF 390bn - only 39.1% of the full-year target, but we can't really say if this good performance is here to stay
Governments of Central and Southeast Europe have already secured most of the funding they need for this year, but with more obligations maturing in 2020 they are expected to return to the markets on a large scale next year
Hungarian booking website Szallas.hu acquired Czech-based Hotel.cz group to enter its fifth market outside of Hungary in line with its growth strategy.
For the first time pride participants were able to march without police cordons, while a group of counter protesters was kept away from the march by police.
Slowing wage increases partially foreshadowed the drop, but analysts are still at a loss to explain whether the steep deceleration in retail sales growth is a blip or the start of a wider slowdown.
North Macedonia held its first ever gay pride march on June 29 with up to 1,000 people attending the event. There were pride marches in nearly all the CEE countries but the experience in each country is vastly different.
Lawmakers approved a controversial bill to take over the research network of the Hungarian Academy of Sciences and place it under a government-run body, in yet another blow to academic freedom.
Hungary wins yet another investment amidst stiff competition, bringing it one step closer to an annual HUF10 trillion in automotive industry production, he added.
The unemployment rate in Hungary fell to 3.4% in March-May, its lowest level since independence
German energy company E.ON offered to sell several assets to overcome the concerns of the European Commission over its bid for competitor Innogy’s network and retail assets.