Hungary

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…

2 years 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,…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years ago

Hungary, EU agree conditional release of disputed funds

The Council of the European Union adopted legislation Friday on releasing funds for Hungary’s EUR 5.8bn Recovery and Resilience Facility…

2 years ago

EU clears path for EUR 18bn loan to Ukraine

Next year the EU will provide Ukraine with EUR 18bn, circumventing Hungary's veto, the Council of the European Union announced…

2 years ago