Capital Economics anticipates a slowdown in credit growth as Hungary's central bank is expected to gradually tighten monetary policy and raise rates.
Social Democrats' new nominee to head the culture ministry, former foreign minister Lubomir Zaoralek, has the support of President Zeman.
Angela Merkel and Viktor Orban put their differences over migration aside to commemorate the opening of the Hungarian-Austrian border, a milestone event in the momentous year of 1989.
The ECB assessed that PNB Banka was failing or likely to fail in accordance with the Single Resolution Mechanism Regulation.
Eastern expansion continues after Primark opened its first CEE store in Ljubljana in June.
The new pension scheme would allow people to opt out of the second pillar or suspend payments from 2020, which the IMF warns will increase the burden on future generations and lead to people cashing out their savings.
Retail investors subscribed to HUF1.5 trillion (€4.6bn) of the new five-year so-called retail “super bond,” since the beginning of June, the government announced on August 6.
Hungarian government bond yields declined by around 100bp over a five-month period in July and are heading for historic lows, local media reported on August 6.