Hungary
Hungary’s automotive sector output plunges on chip shortage
The decline in output of automotive industry companies, which accounted for 17% of total manufacturing output in August, accelerated from a 6.7% drop in July.
CEE needs to speed up transition to new growth model, argues GLOBSEC report
Annual CEE Strategic Transformation Index puts Slovenia top in CEE (after Austria), followed by Czechia and Poland.
CEE/SEE countries unite in defence of nuclear power
EU’s pro-nuclear member states want nuclear energy to be included in the bloc's green taxonomy as a way to ameliorate climate change.
Hungary’s inflation jumps to near nine-year high
In its latest quarterly Inflation Report, the National Bank (MNB) predicted a further rise in inflation in the autumn months and put CPI over 5% for the rest of the year.
Hungary’s primary race takes new twist as Budapest mayor announces withdrawal
Polls show that frontrunner Klara Dobrev could become Hungary’s first serious female candidate for premier if it remains a three-person race, but the race could be a cliffhanger now she is running against one challenger.
Hungarian opposition’s primary run-off tainted by rows and backroom deals
New poll shows that conservative mayor Marki-Zay is closing the gap on Klara Dobrev and is now the second most popular candidate among opposition voters.
Dobrev could face uphill battle in Hungary's opposition run-off
Third placed candidate Marky-Zay and Budapest Mayor Gergely Karacsony will decide next week which of them should withdraw to give the other a clear run against Dobrev.
Klara Dobrev wins first round of historic Hungarian opposition primary but run-off could be nailbiter
Budapest Mayor Gergely Karacsony and independent Peter Marki-Zayare also set to make the cut to be opposition candidate to face Hungarian strongman Viktor Orban.
Hungarian opposition leaders clash in second televised debate
Debate took place as opposition parties are holding the country’s first-ever primary to select candidates for 106 constituencies and pick their leader to challenge Hungary’s strongman Viktor Orban.
ING: ECB’s push for net-zero carbon will grow ESG credit
In the push for reducing carbon, significant investment will be necessary, and in turn, funding will be required. This will provide growth for the credit market, and in particular for anything associated with ESG.
Romania and Latvia's car ownership rates among lowest in Europe
The lowest motorisation rates were found in Romania (357 cars per thousand people), Latvia (381 cars) and Hungary (390 cars).
COMMENT: Risk premiums in Central Europe during the COVID era do surprisingly well
In times of crisis there is a fight to quality by bond traders who are keen to reduce their risks. However, in this crisis the countries of Central Europe have done surprisingly well thanks to ECB support.
bneGREEN: Greenwashing: regulators flex muscles as the market remains in flux
Defining a green investment is crucial to boosting the expansion of renewable energy and preventing the mis-selling of investments by so-called greenwashing, whereby the environmental impact of a product is misrepresented.
Hungary’s Monetary Council decides to slow the pace of tightening cycle
Rate-setters raised the central bank’s base rate by 15 basis points to 1.65%, below the 20-30bp hike expected by analysts.
Hungarian opposition accuses Fidesz of sabotaging first round of primary election
IT experts confirmed that it was not simply an overload but a targeted attack, organisers said.
MITTELEUROPEAN INSIGHTS: Hungary's surprise debt issuance demonstrates the EU's financial whip is not working
Hungary's big return to the international bond market shows it is expecting a lengthy spat with the EU but it also makes financial sense.
bneGREEN: Global coal plans collapse by 76%
The global pipeline of proposed coal power plants has collapsed by 76% since the Paris Agreement in 2015, bringing the end of new coal power construction into sight, new research by green think-tank E3G finds.
bneGreen: Finland’s Betolar develops green cement as construction races to decarbonise
Finland’s Betolar is pioneering the production of low-carbon cement by using alternative industrial waste products in a process that could reduce CO2 emissions by up to 80%.
GLOBSEC: No debt ratio is safe for small EU countries
Targeted EU fiscal rule reform is desirable but should consider the inherent risks for smaller member states.
Foreign companies dominate Hungary’s B2C scene
Last year sales jumped 45% to €2.5bn, fuelled by lockdowns and changing consumer patterns.
