Hungary
Orban's government opts not to commemorate 20th membership of EU accession
Hungary has slid to second poorest member state under Hungarian strongman's corrupt rule.
‘Accession bonus’ gave new EU members advantage over fellow emerging markets
EBRD research shows GDP per capita in 8 CEE countries that joined the EU in 2004 has close to doubled as a share of Germany’s GDP per capita.
20 years after accession 'big bang' wiiw economists say CEE needs a new model to catch up with the West
Eastern EU members are growing much faster than the eurozone, but must focus more on innovation for a full catchup.
Central European populism bites the hand that feeds it
20 years after Central European countries' accession, the region's populists present a grave threat to the EU's fundamental values.
Preliminary Q1 GDP data shows Hungarian economy posts modest rebound
GDP grew 1.1% year on year in Q1 and by 1.7% when adjusted for calendar effects.
COMMENT: Testing the limits – the politics of EU membership in CEE 20 years after accession
Apathy and lack of trust in national institutions, combined with ‘convergence fatigue’, have created favourable conditions for populist forces that have degraded the quality of institutions in many of the CEE states that joined the EU in 2004.
THE VIEW FROM MITTELEUROPA: Has EU enlargement been an economic success story?
20 years after the accession of Central Europe, EU enlargement can be seen as an engine of economic growth, even if it was not a success everywhere and in all areas.
Orban uses CPAC to bolster role in growing 'anti-globalist' coalition
Orban is admired by representatives of the Trumpist US right-wing for his tough immigration policies and advocacy for families and Christian conservatism.
Hungary’s OTP makes reported record bid for EU bank
Hungarian lender says target is in an EU country in which OTP did not have a presence, triggering speculation.
Fears grow of Russian interference in Central European media space
At the same time, in Poland and Hungary, social networking sites and messaging apps are considered more free and more trustworthy than mainstream media, according to new poll.
Orban: Hungary is island in the European progressive liberal ocean
“We must drain the swamp in Brussels in June and in Washington in November,” Hungarian premier says.
Bankers reassessing accelerating climate crisis in anticipation of trillions of dollars of annual damage
As the climate crisis accelerates, banks are facing increasing financial risks and have begun to try to assess their exposure to the trillions of dollars of damage extreme weather will do every year.
CEE recovering but no full rebound in sight, says wiiw
Germany’s slow recovery is dampening growth prospects for Central and Southeast European economies.
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More than €15bn of Chinese investments underway in Hungary, says foreign minister
Hungary has become the primary European destination of Chinese corporate investments, with a string of investments targeting the battery industry.
Hungarian rate-setters slow pace of rate cuts to 50bp at April meeting
The Monetary Council of the National Bank (MNB) reduced the base rate by 50bp to 7.75% in line with projections, slowing down the pace of monetary easing from 75bp in the previous meeting.
Hungary aims to double geothermal energy use by 2030
Hungary already uses geothermal energy as a clean alternative to fossil fuel in district heating, but has vast untapped reserves.
AI and cybersecurity to drive CEE tech sector
PwC and CEE Digital Coalition believe the Central and Eastern Europe region has the potential to create the EU’s Silicon Valley.
Cordia launches €1bn waterfront residential project in Budapest
Cordia will build more than 2,500 homes on the 14-hectare brownfield site in the coming years.
Shutdown of controversial far-right conference in Brussels triggers debate over free speech
The conference demonstrates the spread and rise of the radical right, which could become the third largest force in the European Parliament in June.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.