Hungary

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…

1 year ago

Hungary bails out steelmaker Dunaferr

Hungarian Prime Minister Viktor Orban met with a working group aiming to save the indebted steel company Dunaferr on Wednesday,…

1 year ago

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…

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

CEE countries ask EU to fund Azeri gas pipelines

Romania, Bulgaria, Hungary and Slovakia have jointly requested EU funding to develop the necessary infrastructure to support increased gas supplies…

1 year ago

US moves into CEE arms market – CET analysis

Geopolitics is leaving its mark on the arms race in Central and Eastern Europe (CEE). Countries are drifting further away…

1 year ago

Estonia top for digital banking usage in 2022, while Romania lags – Eurostat report

More people in Estonia use online banking services than anywhere else in Central and Eastern Europe (CEE), according to a…

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

Hungary, Poland hope law reforms will see EU unfreeze billions in funding in 2023

The EU last year attempted to address the erosion of perceived democratic norms of the populist governments of Hungary and…

1 year ago

Romania, Hungary sign deal to lay world’s longest electricity cable

Hungary and Romania were among the four signatories of an agreement to construct a 1,100km (685 mile) power line under…

1 year ago