Hungarian ‘megabank’ gets green light
A new Hungarian bank is set to emerge from the merger of MKB Bank and Takarekbank as overseen by Magyar Bankholding...
Finance
OTP snaps up Slovene bank, plans merger to create market leader
OTP Bank has been cleared by Slovenian Competition Protection Agency (AVK) to acquire Nova Kreditna Banka Maribor (NKBM), Slovenia's second largest...
Venture capital investment in CEE doubled in two years – report
Central and Eastern Europe (CEE) is one of the fastest growing regions in Europe by enterprise value and has grown by...
Hungary’s ‘race to the bottom’ currency policy comes under fire – CET analysis
Hungary's currency, the forint, has in recent weeks plumbed all-time lows against the euro. Although currencies are dropping across Central and...
Polish ‘train levitation’ firm among six CEE startups to secure EU innovation funding
The European Innovation Council (EIC) will award grants or equity investments of up to EUR 17.5mn to six “high potential” startups...
Hungary to levy windfall taxes on banking, energy, telcos, airlines, retail, pharma, ads
Hungarian Prime Minister Viktor Orban announced that banks, insurance companies, retail chains, energy firms, telcos and airlines in Hungary will have...
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 on...
As West tightens screws on Moscow, CEE countries hunker down
On early Friday, Al Jazeera reported that Russian forces had sent missiles into Kyiv and other locations in Ukraine. Stating that...
EC okays Hungary funding Korean plant
The European Commission (EC) has greenlit Hungary extending EUR 24 million in state aid towards the expansion of a South Korean...
EU to help Moldova pay bills with EUR 150m aid
Aspirant EU-member Moldova could receive EUR 150 million from the bloc after the European Commission approved funding on Tuesday. The EU...