Croatia to pay $235mn arbitration award to MOL

bne IntelliNews February 2, 2023

Croatia will pay MOL $235mn after losing a series of arbitration and legal hearings over the 2009 deal that allowed MOL to obtain a dominant position in INA.

Romania’s eMAG building largest logistics hub in CEE, expands credit facility

bne IntelliNews February 2, 2023

eMAG has operations in Romania, Bulgaria and Hungary and a marketplace hosting 40,000 sellers.

RBI's 2022 profits soar to €3.6bn, with Russian operations representing more than half

bne IntelliNews February 1, 2023

The Austrian lender, which has become more and more reliant on its Russian business over the years, is still rethinking its presence in the country.

bneGREEN: Most growth in power generation by 2050 will be solar and wind – BP

by Roberta Harrington in London February 1, 2023

Most growth in global power generation by 2050 will be solar and wind, according to oil supermajor BP’s annual benchmark report, the 2023 Energy Outlook.

Russian gas pipe flow dips to record low in January

bne IntelliNews February 1, 2023

Russian pipeline gas flowing to Europe dipped to a record low in January, down 30% compared with supplies in December, while experts warn that there could be significant further downside risk to the country’s deliveries.

Only Hungary and Russia heading for recession in 2023 as Emerging Europe shows its resilience

Clare Nuttall in Glasgow February 1, 2023

wiiw believes that most countries of the region have “probably already digested” most of the economic shock caused by the Ukraine war, provided Russia does not escalate the conflict further.

Transparency International ranks Hungary as most corrupt EU country

Tamas Csonka in Budapest February 1, 2023

Never has one country slid so far in the ranking in a decade as Viktor Orban's government has according to the anti-corruption watchdog.

M&A in Emerging Europe fell by 20% to €32.93bn in 2022

bne IntelliNews January 30, 2023

The weak macroeconomic backdrop and the spectre of possible recession are likely to stifle M&A in the coming months, according to the annual CMS/Emis Emerging Europe M&A Report.

Orban sparks storm by saying Ukraine is a 'no man's land'

Tamas Csonka in Budapest January 30, 2023

Orban also told foreign journalists that he did "definitely not" want to stay in the EU, but was forced to do so because of Hungary’s trade links with the bloc.

Hungary’s demographic slide continues in 2022

Tamas Csonka in Budapest January 30, 2023

The figures are disappointing news for Viktor Orban's government, which has for long deemed halting depopulation a priority.

S&P downgrades Hungary's rating to 'BBB-'

Tamas Csonka in Budapest January 30, 2023

Rating agency warns that a significant delay or shortfall in EU funding would significantly affect forecasts for economic growth, fiscal balances, and external metrics.

VISEGRAD BLOG: When Eastern European states speak out they are now listened to

Robert Anderson in Prague January 26, 2023

The countries on Nato’s eastern flank believe they are now leading the debate on how to confront the Kremlin, as demonstrated by the row over supplying modern battle tanks to Ukraine.

Hungarian request for RRF loan boosts forint

Tamas Csonka in Budapest January 26, 2023

Budapest also signals that is ready to remove Fidesz politicians from boards of Hungarian universities in order to meet conditions for Erasmus + programme .

MEPs back call for probe into Enlargement Commissioner Varhelyi

bne IntelliNews January 20, 2023

Socialists & Democrats accused Varhelyi of supporting secessionists in Bosnia and playing down democratic backsliding in Serbia.

Hungary could face renewed EC scrutiny over Paks nuclear plant expansion

Tamas Csonka in Budapest January 19, 2023

Brussels could take another look as prolonged delays forces Budapest to consider extending lifespan of existing reactors.

bneGREEN: IEA five-point action plan could avoid a new European energy crisis this year

Ben Aris in Berlin January 18, 2023

Europe faces another energy crisis that may start in the summer, leading gas and power prices to spike again. Europe won this winter’s battle in the energy war with Russian President Vladimir Putin, but will receive even less gas than last year.

Gas, panic in 2023

Ben Aris in Berlin January 18, 2023

Last year was a disaster for Europe as Putin’s energy war wreaked chaos on Europe’s economies by sending up gas prices 20-fold, fuelling run-away inflation and an energy crisis that drove millions into poverty. Another crisis could be coming.

Orban's anti-sanctions referendum flops

Tamas Csonka in Budapest January 17, 2023

Less than 17% of voters turn out in latest government-funded marketing gimmick.

Hungarian PMO unveils size of Russian assets frozen in Hungary after months of silence

bne IntelliNews January 16, 2023

Hungary has frozen Russian assets worth €870mn, the majority of which are owned by failed Sberbank, Minister of the Prime Minister's Office Gergely Gulyas said.

EBRD invests record €13.1bn into its region in 2022

bne IntelliNews January 15, 2023

The European Bank for Reconstruction and Development invested a record €13.1bn into its Emerging Europe and Eurasia region in 2022, the bank announced on January 12.