Hungary

Hungary’s Masterplast in talks on refinancing debt after downgrade

Tamas Csonka in Budapest November 20, 2024

Hungary's leading construction materials maker hit by Scope Ratings' downgrade, which was attributed to worsening credit metrics, driven by the prolonged weakness in the construction sector.

PROFILE: Peter Magyar has a daunting task to scale up his party to challenge Orban in the 2026 elections

Tamas Csonka in Budapest November 19, 2024

The Tisza leader has emerged as a credible challenger to Hungary's longest serving premier and is currently even polling ahead of the ruling Fidesz party.

Central European countries least likely in the EU to prioritise climate change

Clare Nuttall in Glasgow November 18, 2024

Stark contrast with Southern Europe, where around half of respondents from Bulgaria, Romania and other countries fear they will have to relocate to escape climate crisis, EIB survey shows.

Hungarian state steps in to pay wages at steelmaker Dunaferr

Tamas Csonka in Budapest November 18, 2024

Dunaferr is the second Liberty Steel operation in Central Europe to collapse.

Budapest to hold referendum on hosting 2036 Olympics Games

Tamas Csonka in Budapest November 14, 2024

Opposition parties accuse Mayor Gergely Karacsony of reneging on his promise to oppose the games.

Slovak gas distributor SPP concludes pilot deal with Azerbaijan's SOCAR

Albin Sybera November 14, 2024

SPP is looking at options to replace Russian gas brought by pipeline across Ukraine.

PPF mulling bid for United Group's telecom assets in Southeastern Europe

Albin Sybera November 13, 2024

United Group’s telecoms assets in southeastern Europe have been put up for a potential sale.

Hungary’s October inflation delivers positive surprise

Tamas Csonka in Budapest November 13, 2024

Analysts caution that the disinflationary trends may not be sustained into the coming months.

Hungarian opposition leader claims Fidesz is wiretapping him for black propaganda campaign

Tamas Csonka in Budapest November 11, 2024

Peter Magyar said the ruling party would launch an unprecedented smear campaign against him this week, which will include wiretapped conversations of MEPs, secret recordings by his former girlfriend and false claims generated by AI.

IMF: How to awaken Europe's private sector and boost economic growth

IMF November 11, 2024

In the European Union, income per person, one of the main gauges of living standards, is on average one-third less than in the United States, mostly because of lower productivity—as emphasised by Mario Draghi’s Sept. 9 competitiveness report.

COMMENT: Political, economic and security headaches Trump Europe’s mounting problems

Ben Aris in Berlin November 8, 2024

The re-election of Donald Trump as US President could become a major headache for Europe that is already struggling to keep its head above recessionary water.

EU leaders gauge impact of Trump’s return at Budapest ECP summit

Tamas Csonka in Budapest November 8, 2024

French President Emmanuel Macron urged Europe to embrace "strategic autonomy" in the wake of Trump's victory, advocating for a Europe less reliant on American military protection.

Erdogan urges full inclusion of Turkey in EU defence efforts

bne IntelliNews November 7, 2024

With second largest land forces in Nato, Ankara may have an ace in efforts to join European bloc if Trump takes US on isolationist path.

Germany's industry back to contraction in September

bne IntelliNews November 7, 2024

Germany's industrial sector slipped back into decline in September, with output retreating by 2.7% month-on-month, Oxford Economics reports on November 7.

Orban calls Trump’s return to the White House one of the greatest comebacks in Western political history

Tamas Csonka in Budapest November 7, 2024

We have big plans for the future," tweets Hungarian populist premier.

VISEGRAD BLOG: Central Europe's populists clamour to applaud Trump's victory

Robert Anderson in Prague November 7, 2024

Hungarian Prime Minister Viktor Orban is set to parade his support for Trump at the European Political Community meeting in Budapest on November 7-8.

Hungary says it has attracted €24bn in battery-related investments since 2016

Tamas Csonka in Budapest November 6, 2024

Hungarian FDI promotion agency says Eastern Opening policy has helped make Hungary a "meeting point" between West and East.

MOSCOW BLOG: The EU loses its appeal

bne IntelliNews November 6, 2024

One of the salient points is that would-be members have never been interested in the “values” part of the deal and see the need to adhere to them simply as an annoyance that has to be tolerated if you want access to the transformation grants.

MOSCOW BLOG: The EU loses its appeal

Ben Aris in Berlin November 5, 2024

After the collapse of the Soviet Union the only thing almost all the former republics and vassal states wanted to do was join the European Union. It was a no brainer. Not any more. A growing number of countries have cooled on joining the EU.

Xi Jinping announces strategic partnership between China and Slovakia

bne IntelliNews November 1, 2024

The agreement represents another success in Beijing's strategy of building support among CEE member states of the European Union.

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