New research delves into Hungary’s AI use
Hungarian companies do not excel in the field of innovation, but they take the digital transition seriously, according to new research...
Hungary
Albania tops region for sustainable energy mix
The share of renewable sources in gross final energy consumption at the EU level reached 23% in 2022, up 1.1 percentage...
Bulgaria shelves energy tax on Gazprom after pressure from Hungary
The Bulgarian Parliament, with cross-party support, swiftly abolished a special tariff on Russian transit gas this week, after Hungary threatened to...
Chinese vehicle maker BYD plans plant in Szeged
After months of speculation, Hungarian Foreign Minister Peter Szijjarto announced that China's BYD will build its first electric vehicle (EV) factory...
Ukraine, Moldova become EU accession candidates as Scholz sends Orban out of room for vote
EU leaders voted to begin accession negotiations with Ukraine and Moldova, at a historic summit in Brussels on Thursday 14 December....
Budapest holds fourth climate summit
The fourth Budapest Climate Summit on December 4, brought together over 40 speakers from 25 countries to discuss climate change challenges...
Hungary firm buys major stake in Auchan
Hungary’s Indotek Group acquired a 47% stake in the French grocery hypermarket chain Auchan last week. Group founder-owner Daniel Jellinek, one...
Fico calls Ukraine ‘frozen conflict’
Slovak Prime Minister Robert Fico has reiterated his stance that Russia's war with Ukraine is insoluble, stoking fears that he could...
Hungary may receive billion euros from EU
The European Commission (EC) proposed a shortcut for Hungary to nearly EUR 1bn from its revised national recovery plan on Thursday...
CEE inflation eases, but V4 still EU outliers
Hungary remained the EU's most inflationary economy with an annual rate of 9.6% in October, an EU statistics office Eurostat report released Friday...
Shake up at strategic Hungary telco 4iG
Hungarian operator 4iG Group revealed a plan to streamline operations and bring in external investors to raise the overall value of...
MOL to start lithium mining in Hungary
Confirming the preliminary expectations, Hungarian energy giant MOL announced in the summer that it will start mining lithium, local business website...
Auto sector slides down large company list – Coface CEE Top 500 study
Automotive and Transport has dropped to third place amongst large companies in CEE, as business sectors of Central and Eastern European...
Moment of truth for Orban – ING’s report on Poland, Czechia, Romania, Hungary
Central and Eastern Europe (CEE) is becoming increasingly diversified, ING Bank writes in a new report on Poland, Czechia, Romania and...
Hungary MOU with Huawei angers US
A memorandum of understanding (MOU) signing between Hungary's 4iG and China’s Huawei, both controversial companies close to their respective governments, has...
Orban meets Putin, ‘friend’ Xi, at One Belt and Road Forum in China
Chinese President Xi Jinping backed elevating relations with Hungary and after meeting Hungarian Prime Minister Viktor Orban in Beijing, called him a “friend”. ...
Polish election result shakes up CEE
Although Poland's ruling Law and Justice (PiS) received the most votes of any single party at the weekend elections, it was...
A new dawn for nuclear in CEE – CET analysis
With energy-intensive industries to sustain, Central and Eastern Europe (CEE) is turning to nuclear power to simultaneously meet energy needs and...
Orban only EU leader due at Belt and Road Forum
Hungarian Prime Minister Viktor Orban will be the only EU premier present at China’s third Belt and Road Forum in Beijing...
Hungary gets top bank removed from blacklist
Hungarian Foreign Minister Peter Szijjarto called a decision by Ukraine to remove OTP from the International Sponsors of War list “a...