Hungary

IIF: 2020 the climate super-year

Institute of International Finance November 11, 2019

The growing importance of environmental, social and governance (ESG) performance to investors (and ultimately to voters) is one of the most important forces shaping the new global economy. CO2 emissions must peak next year or we are in trouble.

30 YEARS OF TRANSITION: CEE makes enormous progress but held back by governance issues

Clare Nuttall in Glasgow November 9, 2019

If half of the governance gap between Central Europe and the G7 countries was closed, income convergence would be brought forward by almost a generation, says EBRD chief economist Beata Javorcik in an interview with bne IntelliNews.

30 YEARS OF TRANSITION: The East-West convergence in numbers

Clare Nuttall in Glasgow November 9, 2019

30 years after the fall of the Berlin Wall the new EU members haven’t yet caught up with Western Europe — but they are drawing level with the Southern European states that were battered by the international economic crisis.

CEE monthly bond wrap: Bond issues in Eastern Europe pick up strongly in October, but activity subdued in Central Europe

Ben Aris in Berlin November 8, 2019

Bond issuers from Eastern Europe were active in October with 18 bonds issued worth a total of $4.5bn of which two-thirds of the value and 14 out of the 18 were Russian bonds, according to data provided by CBonds.

30 YEARS OF TRANSITION: Gabor Szeles, a self-made Hungarian success story

Tamas Szilagyi in Budapest November 8, 2019

Szeles, now Hungary’s seventh richest man, started out importing PC parts in the 1980s. He made his name after the transition by reviving Videoton, now the largest electronic manufacturing services company in the CEE region.

30 YEARS OF TRANSITION: A profound crisis of trust in democracy

Denitsa Koseva in Sofia November 7, 2019

Report from the Open Society Foundations reveals a “robust spirit of dissent, and a readiness to challenge those in power” as shown by mass anti-corruption protests in the Czech Republic, Romania and Slovakia.

30 YEARS OF TRANSITION: Central European automakers prepare for an electric future

Clare Nuttall in Glasgow November 6, 2019

Since the first years of the transition period, Central Europe started to emerge as a major manufacturing destination for Europe’s automotive industry. Now the industry is adapting to a new generation of technologies.

EBRD: Pace of emerging Europe economic growth slows as global outlook weakens

EBRD in London November 6, 2019

The pace of growth in the EBRD’s emerging economies is slowing on the back of a weaker global economic outlook, and pressure from slower growth in the Eurozone and China, US/Chinese trade tensions and a contraction in world automobile production, acc

Huawei building Hungary's 5G network

bne IntelliNews November 6, 2019

Budapest defies pressure from the US to exclude the Chinese tech giant, sending a clear message to global political and economic actors.

Central Europe shrugs off Western Europe’s slowdown

Ben Aris in Berlin November 4, 2019

Western Europe is rapidly sliding into recession, but after a five-year-long boom, Central Europe is holding out.

Hungary drops plans for politically influenced administrative courts

bne IntelliNews November 1, 2019

Budapest will scrap plans to set up a separate system of public administration courts, which had been in the crossfire of international organisations.

Czech PPF Group sold quarter of its stake in Hungarian Telenor

bne IntelliNews November 1, 2019

PPF Group of the richest Czech Petr Kellner sold a 25% stake in the Hungarian radio communications company Telenor, which includes Telenor Hungary and Telenor Real Estate, to Antenna Hungaria.

Warm relations between Budapest and Moscow confirmed at Putin's latest Hungary visit

bne IntelliNews October 31, 2019

Hungarian PM Viktor Orban defended his country's close ties with Russia and talked of Hungary’s position in a regional context “in the triangle between Moscow, Berlin and Istanbul” — with no mention of Brussels.

Slowdown on the cards for Central Europe as economic sentiment plunges

bne IntelliNews October 30, 2019

The European Commission’s Economic Sentiment Indicators (ESIs) turned south across Central Europe in October, suggesting the economies of the region will slow down from here as a miasma descends.

IIF: IMF meetings, not as bad as you think

Elina Ribakova Deputy Chief Economist of the Institute of International Finance et al October 27, 2019

Investors and policymakers finished the International Monetary Fund (IMF), World Bank annual general meetings in October on a more positive note than expected.

30 years after fall of Berlin Wall Pew poll finds progress but a values fault line lies across Europe

Ben Aris in Berlin October 22, 2019

With the 30th anniversary of the fall of the Berlin Wall due in November the Pew Research Center has released a report looking at how attitudes to democracy, liberal values and market economies have developed in the last 30 years.

Czech companies dominate Deloitte CE Tech Fast 50 — but new destinations emerge

Clare Nuttall in Glasgow October 21, 2019

Ranking of fastest growing CEE tech companies led by Lithuania’s Voltas IT includes 31 new entrants reflecting hyper rapid pace of tech sector development in the region.

Extreme Digital, eMAG merger cleared

bne IntelliNews October 18, 2019

Hungary's competition watchdog cleared the merger of Hungarian online electronics retailer Extreme Digital with eMAG, a unit of South Africa's Naspers group on October 17, creating one of the largest online retail networks in CEE

Hungarian mayor in sex tape scandal quits Orban's Fidesz

Levente Szilagyi in Budapest October 16, 2019

Borkai clings on as mayor of Gyor in local elections by few hundred votes. Analysts say scandal was only tipping point for many voters, who dealt ruling party some big defeats.

VIENNEAST COMPASS: How many straws to break a camel’s back? How do illiberal economies attract so much FDI

Marcus How of Vienneast in Vienna October 15, 2019

On October 13, on either side of the Tatras mountains, “illiberal democrats” faced their latest litmus tests. The ruling parties of PiS and Fidesz retain their grip on power, but in both countries foreign investors don't seem to care

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