Hungary

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,…

2 years ago

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…

2 years ago

Romania, Hungary sign deal to lay world’s longest electricity cable

Hungary and Romania were among the four signatories of an agreement to construct a 1,100km (685 mile) power line under…

2 years ago

Hungary, EU agree conditional release of disputed funds

The Council of the European Union adopted legislation Friday on releasing funds for Hungary’s EUR 5.8bn Recovery and Resilience Facility…

2 years ago

PMs discuss new Slovenia-Hungary gas link

Slovenian Prime Minister Robert Golob and Hungarian Prime Minister Viktor Orban have discussed building a pipeline to transit Algerian gas…

2 years ago

Croatia plans partial Sunday shopping ban

Croatia has decided to introduce compulsory shop closures on Sundays, Croatian Employment and Family Minister Marin Piletic told reporters after…

2 years ago

EU moves to freeze Hungary funds, but real picture more nuanced

The European Commission (EC) opened the possibility for EU national leaders to punish Hungary in an upcoming vote on funding suspensions,…

2 years ago

Last chance for Hungary on EU funding

Hungary could lose billions of euros from its Recovery and Resilience Facility (RRF) funding entitlement after the European Commission (EC)…

2 years ago

Hungary, Ryanair clash over ‘excess profits’

Ryanair’s ongoing dispute with the Hungarian government escalated last week, as the company's CEO dismissed Hungary’s revisions to its aviation…

2 years ago

EC to decide on Hungary funding by end of month

Hungary will find out whether it will receive its EUR 7.2 bn pandemic recovery fund payment on 22 November, Bloomberg…

2 years ago

Hungary, Georgia discuss ‘major new energy cooperation’

Hungarian Prime Minister Viktor Orban and Georgian Prime Minister Irakli Garibashvili signed a strategic partnership agreement and discussed responses to…

2 years ago

VW floats idea of CEE exit

German carmaker Volkswagen (VW) may close its plants in Central and Eastern Europe (CEE) if the natural gas shortage persists…

2 years ago

EC backs withholding EUR 7.5bn from Hungary

The European Commission (EC) recommended the rescinding of 7.5 billion euros worth of cohesion funds from Hungary on Sunday, unless…

2 years ago

MEPs to vote on rule of law in Hungary, as EC mulls next move on suspended funds

As the September 21 deadline approaches, leaders in Brussels are split on whether to finally unlock billions of euros that…

2 years ago

Croatian authorities launch probe into massive gas-resale scam at INA

A total of five individuals including a top Croatian lawyer and an executive at energy firm INA have been charged…

2 years ago

Hungary to push on with Paks II project, as nuclear agency issues partial construction permit

Hungary's National Atomic Energy Authority (OAH) has granted a partial licence in connection with the expansion of the country's only…

2 years ago

Hungary makes giant bid to buy Vodafone

Vodafone Group has agreed to sell its Hungarian subsidiary to the Hungarian state and government-affiliated systems integrator 4iG for HUF…

2 years ago

Chinese market leader CATL to build EUR 7.6bn battery plant in Hungary

The world’s largest battery maker, China’s Contemporary Amperex Technology (CATL), has agreed to build a three trillion forint (EUR 7.6bn)…

2 years ago

Russian oil deliveries to CEE resume after MOL intervention ends week-long stasis

Crude oil flows to Hungary, Slovakia and Czechia will recommence after Hungarian energy firm MOL paid the August transit fee…

2 years ago

Hungary’s ‘race to the bottom’ currency policy comes under fire – CET analysis

Hungary's currency, the forint, has in recent weeks plumbed all-time lows against the euro. Although currencies are dropping across Central…

2 years ago