With most COVID-19-related support measures having been phased out, borrowers are now being put under pressure by surging inflation and sharply rising interest rates.
The political crisis comes at a time when unrest is growing at the political chaos and the botched response to the worsening cost of living crisis.
The chaos and the hike in prices are a huge embarrassment to Prime Minister Viktor Orban, who introduced the cap in November last year to ease rising inflation before the election.
Budapest has been holding up aid for Ukraine as well as EU approval of a minimum corporate tax as part of an attempt to unfreeze €7.5bn of Cohesion Fund money and €5.8bn of Recovery and Resilience Fund cash.
In September the company announced it had completed the sale of Home Credit’s Russian branch and its subsidiaries to Russian-based investors as part of the “process of divesting all Russian assets”.
Following an on-air gaffe, Latvia's National Electronic Media Council (NEPLP) has cancelled Dozhd's (Rain's) licence for threatening national security.
Former university rector has tweeted that she does not wish to discuss her rivals' (controversial) pasts, "but our future".
The vote comes as public support for the government has collapsed amid political divisions and defections and the perceived failure of the cabinet to get a grip on the worsening cost of living crisis.
Poland go through group stage for first time for 36 years, with Croatia poised to join them as the only CEE teams to progress.
Commission also recommends keeping €7.5bn of Hungary's Cohesion Fund allocation frozen until the country takes steps to address concerns over the rule of law.
Commission set to approve Hungary’s plans to use €5.8bn of post-pandemic recovery fund money but it is likely to recommend continuing the suspension of €7.5bn in Cohesion Funds.
Twelve out of the 21 candidates who registered for the presidential election by the November 8 deadline were dismissed after the interior ministry reviewed the registrations, leaving all the businessmen heavyweights out of the race.
Among Europeans, the proportion of Hungarians blaming Ukraine for the war is the highest.
Voters rejected opposition attempt to scrap changes to laws on public broadcaster RTV Slovenia, government structure and healthcare.
Japan's MUFG to pay $615mn for Philippines and Indonesian businesses of PPF's consumer finance brand.
Government's belated proposal leaves out protection for anonymous whistleblowing or for whistleblowing of non-criminal transgressions.
Hungarian premier Viktor Orban reiterated Hungary’s opposition to the EU’s efforts to raise cash for Ukraine on financial markets, and says its parliament will ratify Sweden and Finland's Nato membership in 'a month and something'.
Budapest said to receive RRF funds but €7.5bn of Cohesion Funds will remain frozen.
Ukraine, Romania, Croatia, and Slovakia protested against the gesture, which comes at a time Hungary faces growing isolation in Europe.
Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.