Hungary

Hungarian investors redeem savings from investment funds to buy new superbond

bne IntelliNews July 17, 2019

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.

COMMENT: Southeast Europe the growth star in CEE banking, but the profit pool is elsewhere

Gunter Deuber of Raiffeisen Research in Vienna July 16, 2019

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.

Hungarian and Czech super laser facilities to form consortium

Levente Szilagyi in Budapest July 16, 2019

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.

4iG clinches mega deal to buy Magyar Telekom's IT subsidiary T-System

bne IntelliNews July 10, 2019

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.

Central European economies decouple from Eurozone slowdown

Clare Nuttall in Glasgow July 9, 2019

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.

ING: Hungary’s budget is looking extremely good

Peter Virovacz of ING July 9, 2019

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

Central, Eastern and Southeast European sovereigns to return to debt markets on large scale in 2020, Raiffeisen says

Clare Nuttall in Glasgow July 9, 2019

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

Hungary’s largest online booking site acquires Czech peer

Levente Szilagyi in Budapest July 8, 2019

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.

Budapest Pride march ends peacefully as far-right protesters sealed off

bne IntelliNews July 8, 2019

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.

Hungary's sluggish May retail sales surprise analysts

bne IntelliNews July 5, 2019

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.

Rainbow flag flies over CEE, but attitudes to LGBT vary vastly

Ben Aris in Berlin July 4, 2019

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.

Hungarian government tightens grip on Hungarian Academy of Sciences

bne IntelliNews July 3, 2019

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.

South Korean e-car battery maker to set up new plant in Hungary

Levente Szilagyi in Budapest July 1, 2019

Hungary wins yet another investment amidst stiff competition, bringing it one step closer to an annual HUF10 trillion in automotive industry production, he added.

Hungarian unemployment rate at 3.4%, lowest level since independence

bne IntelliNews June 27, 2019

The unemployment rate in Hungary fell to 3.4% in March-May, its lowest level since independence

E.ON offers its assets in Czechia, Hungary and Germany for sale to overcome EC concerns over Innogy

bne IntelliNews June 26, 2019

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.

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