Hungary

EU has no tools to tackle Viktor Orban’s media conglomerate, says Jourova

bne IntelliNews May 5, 2021

Commissioner says she will discuss creating a media freedom act to protect media freedom as a 'pillar of democracy'.

Hungary and Russia agree five-year delay in start of repayments of €10bn Paks loan facility

bne IntelliNews April 30, 2021

The decision to modify the financial terms of the contract signals that Moscow is not expecting the new nuclear reactor block to go operational before 2031.

Hungary turns down EU's €9.4bn recovery fund credit line

bne IntelliNews April 30, 2021

Government forced to redraft plans after it claims it does not need to use the new loan facility.

Willingness to be vaccinated rises sharply in Emerging Europe

Robert Anderson in Prague April 29, 2021

However, in most countries the numbers of those vaccinated or willing to be vaccinated are still less than 70%, with Southeast Europe closer to 40%.

Hungary signs strategic cooperation agreement with China's Fudan University

bne IntelliNews April 28, 2021

Chinese university with up to 8,000 students will cost €1.4bn to build, more than what Hungary spends on higher education in a year.

MOSCOW BLOG: The vaccine wars

Ben Aris in Berlin April 28, 2021

Uzbekistan has been sent the first 50,000 of half a million doses of the Sputnik V vaccine. On the same day Brazil rejected the vaccine, due to US pressure.

Hungary’s media freedom continues downward slide

bne IntelliNews April 21, 2021

Since 2013 Hungary has slid 36 places, and it now lags behind countries like Albania and Moldavia, according to Reporters Without Borders.

M&A hits €8.5bn in CEE in Q1, says Mergermarket

bne IntelliNews April 16, 2021

Trend towards bigger deals and more fund investment continues, as deal value rises by half to give best Q1 since 2013.

wiiw raises 2021 CEE growth forecast to 3.8%

Robert Anderson in Prague April 16, 2021

But pandemic has delayed restart of convergence with Western Europe until 2023.

Orban unveils plan for cautious reopening despite soaring death rate

bne IntelliNews April 15, 2021

The Hungarian government will allow outdoor dining places to open next week after the number of people vaccinated reaches 3.5mn, Prime Minister Viktor Orban announces.

Hungarian millionaire’s persecution shows reality of 'rule of law' in Viktor Orban’s Hungary

Tamas Szilagyi in Budapest April 9, 2021

Fertiliser magnate suffers 17 inspections in two years after clashing with Fidesz oligarchs and ending football club donations.

Hungary to finance Fudan University with €1.4bn from Chinese loans

bne IntelliNews April 7, 2021

Spending on Chinese university more than the entire funding of Hungary’s higher education sector in 2019.

Hungary to start gradually lifting restrictions as 2.5mn get the COVID-19 jab

bne IntelliNews April 7, 2021

Many epidemiologists have warned that it is too early to lift restrictions as Hungary continues to report the worst fatality rates on the globe per 1mn inhabitants.

Eurosceptic rightwing trio discuss EP alliance at Budapest summit

bne IntelliNews April 5, 2021

Hungarian Prime Minister Viktor Orban, Polish premier Mateus Morawiecki and former Italian interior minister Matteo Salvini fail to achieve breakthrough at first meeting.

CEE reels as third wave of COVID-19 breaks

bne IntelliNews April 3, 2021

A third wave of the coronavirus pandemic is sweeping through Emerging Europe. While Russia is expecting to reach herd immunity in the next two months, most other countries of the region have only just started their mass immunisation programmes.

IKEA’s New Europe Empire

bne IntelliNews April 3, 2021

Getting an IKEA store is a good guide to how developed a country is. And the Swedish furniture store has an uncanny knack for opening their yellow and blue stores exactly at the beginning of a country's rapid growth phase.

Impact of global chip shortage on carmakers spreading across Eastern Europe, Turkey and Central Asia

bne IntelIiNews March 26, 2021

Production plants forced into stoppages after pandemic-led surge in demand for electronics from locked down populations squeezes semiconductor supplies.

MITTELEUROPEAN INSIGHTS: Central and Southeastern Europe head for a V-shaped recovery

Gunter Deuber and Nicolae Covrig of Raiffeisen Research in Vienna and Bucharest March 19, 2021

The moderate GDP setbacks in 2020 imply that for some CEE countries there will not be such drastic recovery and rebound effects in 2021 as in hard-hit countries in Western Europe.

Hungary’s ruling Fidesz party finalises divorce from EPP

bne IntelliNews March 19, 2021

For the EPP, Fidesz's resignation is a relief as the party has long been an embarrassment for the grouping.

Rising inflation in Emerging Europe poses dilemma for central banks

bne IntelliNews March 17, 2021

With economies primed to rebound as pandemic restrictions are loosened, consumer prices could rise even further, reawakening an issue that has long been ignored.

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