Economy

Hungarian central bank chief repeats criticisms of Orban’s economic policy

Hungarian National Bank (MNB) Governor Gyorgy Matolcsy has once again harshly criticised Hungarian Prime Minister Viktor Orban’s economic policy, business…

1 year ago

Romanian investments up in 2022 – PM

Net investments in the Romanian economy were 150.1 billion leu (EUR 3.06bn) in 2022, up 8.5% on the previous year,…

1 year ago

VW delays CEE battery plant, as US sweeteners lure firms over the pond

German carmaker Volkwagen (VW) has put on hold its plans to open a battery plant in Central and Eastern Europe (CEE)…

1 year ago

Lithuania decade’s most improved country in region, leading prosperity report finds

Estonia is named the most prosperous country in Eastern Europe, and the 21st globally, in the newly-released 2023 Legatum Prosperity Index.…

1 year ago

EU’s highest inflation in Hungary, Baltics

Annual inflation in the EU was 10% in January, according to the latest report from EU statistics office Eurostat.  Of the…

1 year ago

Orban slams EU for withholding funds for Hungary, Poland

Hungarian Prime Minister Viktor Orban criticized the EU for imposing new sanctions instead of providing assistance and for depriving Hungary…

1 year ago

Joint letter says Russian assets should rebuild Ukraine

Leaders from the Baltic nations and Poland have called for the utilization of approximately EUR 300bn worth of assets from…

1 year ago

Estonia tops TI’s Corruption Perceptions Index in CEE, Hungary bottom

So often the exemplar in Central and Eastern Europe (CEE), Estonia has been named the region’s most transparent country in…

1 year ago

Credit rating agencies Fitch, S&P, demote Hungary

Standard & Poor’s (S&P) downgraded Hungary's credit rating by one step to the lowest investment grade of BBB- on Friday,…

1 year ago

Hungary secures EUR 1.6bn Vodafone purchase

Hungary has finalised a deal to acquire Vodafone Europe’s Hungarian unit for HUF 660bn (EUR 1.6bn) in the largest state…

1 year ago