Hungary

Poland concedes setback in quest to stop Nord Stream 2

bne IntelliNews February 12, 2019

Warsaw's hopes of stopping the Nord Stream 2 gas pipeline were dashed, as Germany and France pushed through a compromise wording of amendments to EU’s gas market rules that will result in the weakening of the bloc’s joint control.

Hungary and the US sign defence cooperation agreement and agree on acquisition of military equipment

bne IntelliNews February 12, 2019

Relations became frosty amid the Obama administration's criticism of deteriorating rule of law and democracy in Hungary, but Washington is making a new push to ensure Hungary and other CEE states don't fall into the Russian camp.

Hungarian PM unveils plans to boost birth rates, denounces migration in state of the nation address

bne IntelliNews February 11, 2019

Viktor Orban’s speech was widely seen as the start of the campaign rally for the European parliamentary elections and he resorted to well-known topics, bashing Brussels, warning of the risk of migration and mocking opposition parties.

Hungary becomes “partly free state” in latest Freedom House ranking

bne IntelliNews February 6, 2019

After five years of decline, Hungary was ranked lowest among European countries, followed by Bulgaria, on the NGO's latest Freedom of the World report.

Head of Hungary's powerful right-wing media portfolio resigns after bashing pro-government journalism

bne IntelliNews February 5, 2019

Istvan Varga admitted he reads independent outlets before browsing government friendly newspapers and websites.

Hungarian strike forces Audi to halt production in Germany

bne IntelliNews January 29, 2019

The week-long strike at Gyor continues as wage talks ended without a deal between the Audi union and management.

Investors shrug off politics to boost deal value in emerging Europe

Clare Nuttall in Glasgow January 28, 2019

The value of M&A deals in the region soared by 20.1% in 2018, with investors largely ignoring populism and protests in Central and Southeast Europe, a CMS/EMIS report shows.

Hungary to reschedule Russian loan for Paks expansion

bne IntelliNews January 28, 2019

Hungary will have to start repaying the loan for the nuclear power plant expansion from 2026, but as the project at least two years behind schedule, it will lose money if the contract is not amended.

Opposition MP claims Hungary is "on the path to dictatorship"

bne IntelliNews January 24, 2019

Akos Hadházy speaks out after prosecutors decline to investigate violence against opposition MPs at the headquarters of state television MTVA in December.

Eastern EU member states lag in robotisation

bne IntelliNews January 22, 2019

Faced with a growing labour shortage, companies from Central and Eastern Europe are investing into industrial robots, but Eurostat data shows they still lag behind their western peers.

Hungary's central tourism database risks violating EU data protection rules

bne IntelliNews January 22, 2019

Opposition Democratic Coalition claims the government could use its access to data on tourists to spy on its citizens, though this is denied by the National Tourism Agency.

OBITUARY: Hungarian film mogul Andy Vajna dies aged 74

bne IntelliNews January 21, 2019

"Hasta la vista, Andy!" wrote Hungarian PM Viktor Orban to the former Hollywood producer who revived Hungary's film industry, but was criticised for his involvement in pro-government media.

Emerging markets portfolio flows deteriorated in 2018, most volatile year since 2010

Ben Aris in Berlin January 18, 2019

Last year was a rotten year for portfolio flows with multiple fickle factors driving outflows from the leading emerging markets. And the prospects for 2019 are, if anything, worse.

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