Hungary

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…

12 months 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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,…

1 year 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…

1 year ago

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,…

1 year 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…

1 year ago