Hungary

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

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

Nuclear plant expansion is on, Hungary PM says, as FM calls sector sanctions ‘a red line’

The EUR 12.5 bn expansion of Hungary’s only nuclear power plant at Paks remains viable, Hungarian Prime Minister Viktor Orban…

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

NATO Summit to decide on troop deployments in Bulgaria, Hungary, Romania, Slovakia

NATO representatives meeting on Thursday will consider boosting the strength of the defence alliance’s eastern flank even further given Russia’s…

3 years ago

Using chemical weapons would have “far-reaching consequences”, warns NATO chief

Russian forces using chemical weapons in Ukraine would not only be a violation of international law, but have “far-reaching consequences”,…

3 years ago

War in Ukraine deals harsh blow to CEE currencies

While the Hungarian forint was hardest hit, all the currencies of the Central and Eastern Europe (CEE) region are suffering…

3 years ago

No EU sanctions against Russian hydrocarbons, for now

The European Commission said it planned to cut its reliance on fossil fuels from Russia by 2030, reducing dependence on…

3 years ago