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ECB maintains zero interest rate, hike on the agenda later in 2022

“The war in Ukraine is severely affecting the euro area economy and has significantly increased uncertainty,” Christine Lagarde, President of…

3 years ago

EU states see green goals, Russian energy cuts as win-win

A coalition of 11 European Union states led by Denmark wants to accelerate the continent’s green transformation, in order to…

3 years ago

Growth in CEE to slow to 3.5% – World Bank

The war in Ukraine is set to inflict twice the amount of economic damage that the COVID-19 pandemic did, the…

3 years ago

Hungarian gov’t-friendly firm buys Sberbank share in Croatia’s Fortenova

Russia's Sberbank has sold its 43% stake in Fortenova to Hungarian-US investment fund Indotek Group, Croatian daily Jutarnji List reported.…

3 years ago

EU bans Russian ships from Europe’s ports

The EU banned Russian seafaring vessels from entering European ports, as it approved its fifth tranche of sanctions against Russia…

3 years ago

Orban won by a landslide, but Hungary’s economy is sliding too

The Hungarian Ministry of Finance took the unusual step of issuing a public statement aimed at international investors on Friday.…

3 years ago

Hungary’s Tungsram needs gov’t bailout

The chairman-CEO of one of Hungary’s oldest and best known companies, historic light bulb maker Tungsram, appealed to the government…

3 years ago

Poland, Baltics to close off roads to Russia, Belarus, Ukraine deputy minister claims

Reading Time: 2 minutes The Ukraine government wants Poland and the Baltic states to fast-track the closure of land routes…

3 years ago

Orbán wins big in Hungarian election

Hungarian Prime Minister Viktor Orbán secured his fourth consecutive term with a landslide victory in Hungary's national elections on Sunday. …

3 years ago

Hungary postpones Visegrad 4 Summit after Czechia, Poland reps refuse to attend

Hungary cancelled a scheduled summit of defence ministers from the Visegrad 4 (“V4”) group of EU member states - Czechia,…

3 years ago