Hungary gov’t reacts to shrinking retail sector with compulsory price cuts
The purchasing power of salaries in Hungary is falling due to record-high inflation, local business outlet Portfolio reported, citing the “devastating...
Hungary
Czechia, Hungary, Estonia top for employment in CEE – Eurostat report
Estonia had the highest employment rate in Central and Eastern Europe (CEE) of 81.9% in 2022, according to the recently released...
Czechs right to opt out of Ukraine farm ban – analysts
Agriculture Minister Zdenek Nekula is right when he says Czech farmers are overplaying the role of Ukrainian wheat on their current...
Romania holds out on Ukraine import ban, urges neighbours to wait for EU solution
Romanian Minister of Agriculture Petre Daea expressed solidarity with farmers from Poland, Hungary, Bulgaria and Slovakia – who all unilaterally stopped...
Croatia tops European tourism poll
Croatia had the highest share of tourism in total gross value added (GVA) at 11%, EU statistics office Eurostat finds in...
Poland, Hungary halt Ukraine farm imports
Poland and Hungary have temporarily ceased importing Ukrainian grain and other agricultural produce, defying warnings from the EU that unilateral action...
CEE leaders say EU may need to reintroduce farm tariffs on Ukraine
Romania, Poland, Hungary, Bulgaria and Slovakia expressed concern in a letter to the European Commission (EC) on Friday over an "unprecedented"...
Hungary could decouple from Russian gas – report
Hungary could realistically replace Russian gas imports, according to local analysts, who say its dependence is reliant on the will of...
Mixed prospects in region for pay-TV industry, new research finds
The number of pay TV subscribers in Eastern Europe will decline by 8mn from its peak of 81mn in 2018, to...
Hungarian central bank chief repeats criticisms of Orban’s economic policy
Hungarian National Bank (MNB) Governor Gyorgy Matolcsy has once again harshly criticised Hungarian Prime Minister Viktor Orban’s economic policy, business website...
Lithuania decade’s most improved country in region, leading prosperity report finds
Estonia is named the most prosperous country in Eastern Europe, and the 21st globally, in the newly-released 2023 Legatum Prosperity Index. Legatum’s...
Orban slams EU for withholding funds for Hungary, Poland
Hungarian Prime Minister Viktor Orban criticized the EU for imposing new sanctions instead of providing assistance and for depriving Hungary and...
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...
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...
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...
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, partly...
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 from...
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 from...
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 new...
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 purchase...