Hungary

‘Budapest Declaration’ signed as Orban hosts EU summit

European leaders committed to developing a defence industry base and enhancing EU competitiveness at an informal European Council summit in…

3 days ago

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…

3 months ago

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…

9 months ago

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…

10 months ago

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,…

12 months ago

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…

12 months ago

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…

1 year ago

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…

1 year ago

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…

1 year ago

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"…

1 year ago

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,…

1 year ago

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…

2 years ago

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…

2 years ago

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…

2 years ago

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…

2 years ago

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…

2 years ago

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…

2 years ago

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…

2 years ago

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,…

2 years ago

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…

2 years ago