Hungarian consortium’s purchase of Talgo blocked by Spain on security grounds
The Spanish government has vetoed Hungarian consortium Ganz-MaVag’s attempt to purchase Spanish train manufacturer Talgo, citing national security concerns, local media...
Hungary
Hungary gov’t to vote through judge as president
Hungarian Prime Minister Viktor Orban, in damage limitation mode after recent scandals and mass anti-government protests in Budapest, has proposed that...
Belgian rope trick – EU presidency plan for Europe: ‘Protect, Strengthen, Prepare’
As Belgium assumed the EU presidency on 1 January, with a rallying cry of "Protect, Strengthen, Prepare", Belgian Prime Minister Alexander...
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...
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...
CEE insurance sector grows by over 10%
The Central and Eastern Europe (CEE) insurance market reached a total of EUR 12.5bn by the end of the first quarter...
RRF deadline prompts flurry of applications from CEE countries
Central and Eastern Europe (CEE) countries Croatia, Hungary, Poland and Lithuania were among the 13 EU member states to request loans...
Multi-billion deal sees Emirati operator acquire telco assets in four CEE countries
Emirates Telecommunication Group Company (e&) will buy a 50% plus one share in PPF Group’s telecommunications assets in Bulgaria (mobile operator...
Orban, Fiala trade blows over future of EU, V4
Czech Prime Minister Petr Fiala dismissed Hungarian Prime Minister Viktor Orban's claim over the weekend that Czechia has "changed sides" regarding...
Hungary blocks EU’s Ukraine arms package after Kiev sanctions OTP bank
Hungary has vetoed EUR 500mn worth of arms funding from the EU to Ukraine, Italian media first reported on Monday, which...
Falling energy prices hit MOL’s Q1 figures
Sharply falling energy prices are good news for the population and almost all market segments and the population alike, but large...
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...
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...
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...
EU’s highest inflation in Hungary, Baltics
Annual inflation in the EU was 10% in January, according to the latest report from EU statistics office Eurostat. Of the 12...
EU goes legal with Poland over rule of law
The European Commission (EC) has referred Poland to the Court of Justice of the European Union (CJEU) for violating EU law,...
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...