Hungary

MPs thrown out of Hungarian state television station

bne IntelliNews December 18, 2018

Opposition politicians have joined the protests against Hungary's so-called "slave law" extending overtime hours, but were prevented from delivering their message on state TV.

High tech investment the answer to CEE’s labour crisis

Clare Nuttall in Glasgow December 17, 2018

As labour markets tighten across CEE, economists say the best outcome for the region is for companies to respond to worker shortages by investing into new technologies.

Protesters keep up pressure over Hungary’s “slave law”

bne IntelliNews December 16, 2018

Thousands of protesters took to the streets for several nights following the Hungarian government's adoption of new legislation on overtime.

Contested overtime bill passed in Hungarian parliament after chaotic vote

bne IntelliNews December 13, 2018

Opposition parties attempted to disrupt voting on the contested labour code amendment dubbed the “slave law”, but the legislation was approved by the Fidesz-led majority.

COMMENT: The state is back in the banking business in Central and Eastern Europe

Gunter Deuber of Raiffeisen Research in Vienna December 10, 2018

For a few years now, foreign banks have been constantly losing market share in many of the larger Central-, Southeastern and Eastern European markets, but there is a shift in the game as state banks are proudly increasing their share in many markets

Hungarian trade unions protest over planned changes in overtime regulations

bne IntelliNews December 10, 2018

Union leaders threatened to block roads across the country from Monday against what they call the "slavery law", as the government seeks a solution to crippling labour shortages.

CEE firms to invest heavily into robots

bne IntelliNews December 6, 2018

Growth in industrial robot shipments to Central and Eastern Europe to considerably outstrip global growth, as labour shortages bite.

Hungarian government decree hinders antitrust inspection of giant right-wing media holding

bne IntelliNews December 6, 2018

Budapest declared the establishment of a media holding controlled by pro-government loyalists as an issue of national strategic importance, blocking any potential antitrust investigation into the largest media transaction in the country's history.

Hungary’s largest BSE-listed investment holding firm is born

Levente Szilagyi in Budapest December 5, 2018

Merger of Opus and Konzum to create the fifth largest company on the Budapest Stock Exchange with a market capitalisation of around €1.2bn.

University founded by George Soros forced out of Budapest

bne IntelliNews December 4, 2018

The Central European University will relocate all US-accredited degree programmes to Vienna from September 2019.

Orban’s allies to create new universal bank to challenge top lender OTP Bank

bne IntelliNews December 3, 2018

Hungary’s fourth-largest lender Takarek Group approved a five-year strategy paving the way for the establishment of a universal bank that analysts expect will later join forces with state-owned Budapest Bank and MKB.

Hungarian ruling party's grip on media tightens further

bne IntelliNews November 29, 2018

The right-wing media portfolio owned by businessmen close to Hungary’s ruling Fidesz party has been transferred to a foundation overseen by a loyalist of Prime Minister Viktor Orban.

Hungary plans to relax overtime rules to help ease labour crunch

bne IntelliNews November 27, 2018

Labour unions and opposition parties denounced the planned change to the labour code that would increase the overtime threshold from 250 hours a year to 400 hours.

Soros group pulling out of Turkey after Erdogan’s vilification

bne IntelliNews November 26, 2018

Open Society Foundations claims it is the target of baseless allegations in the Turkish media, while it faces an interior ministry investigation.

Explosive growth marks most CEE media markets in 2017

weCAN advertising agency November 19, 2018

The CEE advertising industry is growing at an astonishing pace, according to the CANnual Report 2018. While television is still the dominant media type in most countries of the region, digital is catching up fast.

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