Trump tariffs split EU as Hungary seeks exemption

2 min read auto, food, BYD, CATL, Orban, Szijjarto, electronics, tariffs, Donald Trump, Business, Economy, Hungary, Politics, V4 & Romania

Hungary has broken ranks with the EU in response to the US's new tariffs policy, as Hungarian Prime Minister Viktor Orban seeks to preserve close ties with the Trump administration amid the resultant trade tensions. Hungary pushes back on retaliatory tariffs The EU confirmed on 9 April that

FDI paints rosier picture for Poland, Romania - OECD report

3 min read Albania, Analysis, Balkan countries, Baltic countries, Bosnia and Herzegovina, Bulgaria, Business, Croatia, Czech Republic, Economy, Energy, ESG, Estonia, Germany, Greece, Hungary, Kosovo, Latvia, Lithuania, Montenegro, North Macedonia, Poland, Romania, Serbia, Slovakia, V4 & Romania, BYD, CATL, exports, FDI, fintech, Moody’s, OECD, RRF, tourism

Central and Eastern European (CEE) countries are still navigating post-pandemic economic challenges amid newer geopolitical tensions, according to the Economic Outlook December 2024 report from the Organisation for Economic Co-operation and Development (OECD). Inflationary pressures, labour shortages, and weakened demand from key European markets, most notably Germany, are affecting industrial

Forint tumbles after Moody's downgrade

3 min read Analysis, Czech Republic, Economy, Hungary, Poland, V4 & Romania, BYD, CATL, Moody’s

The Hungarian forint plummeted to a near-historic low against sterling on Monday morning, with a British pound buying HUF 501.5. For Hungary, heavily reliant on imports, the forint’s fall inflates the cost of goods. When coupled with high interest rates, this inflation creates a precarious economic environment. The

Hungarian central bank chief repeats criticisms of Orban's economic policy

3 min read Economy, Hungary, CATL, Hungarian National Bank, inflation, Matolcsy, Viktor Orban

Hungarian National Bank (MNB) Governor Gyorgy Matolcsy has once again harshly criticised Hungarian Prime Minister Viktor Orban’s economic policy, business website Portfolio reported. Speaking about the MNB’s 2021 results in Parliament on Wednesday 9 March, Matolcsy said if inflation is due to external causes, then the central bank