ING: Bad signs in the Hungarian job market

Peter Virovacz is a Senior Economist with ING in Hungary February 26, 2021

It was just a matter of time before we saw a serious impact on the Hungarian labour market from the second wave of Covid-19. The January data suggests a slump in growth in the first quarter, despite the latest upside surprise in wages.

European Commission hopes to use new rule of law tool this year

Robert Anderson in Prague February 25, 2021

Vice-president Jourova says Hungary and Poland could soon have EU budget money withheld if they continue to violate rule of law.

Emerging Europe strong on women’s economic opportunities but dragged down by low pensions

Clare Nuttall in Glasgow February 24, 2021

Different retirement ages for men and women lead to lower pensions for women despite reforms in 2019-2020, says World Bank report.

Abuse and hate speech against LGBTI people rises across Europe and Central Asia

bne IntelliNews February 18, 2021

Crackdown on democracy and civil society during pandemic accompanied by increase in hate speech by politicians finds ILGA-Europe report.

Resilient emerging Europe labour markets to bounce back post-crisis

Clare Nuttall in Glasgow February 17, 2021

Unemployment growth has been modest and a return to tight labour markets is expected as economies recover from the coronacrisis.

Hungary’s Q4 GDP surprises on the upside

bne IntelliNews February 17, 2021

Hungary’s economy grew 1.1% in Q4 on a quarterly basis, while in FY2020 GDP fell 5.1%

Hungary set to become first EU country to use Chinese COVID-19 vaccine

bne IntelliNews February 16, 2021

Budapest turns to Moscow and Beijing and criticises delays in Brussels' vaccination procurement.

Leading Hungarian independent radio station silenced

bne IntelliNews February 10, 2021

Budapest court upholds decision by regulators not to renew Klubradio's licence for alleged "repeated offences".

Hungary tries to speed up vaccinations by turning to China and Russia

bne IntelliNews February 8, 2021

Government attacks EU over delays and becomes first country in the bloc to give fast-track approval to other vaccines.

RBI net income falls by 35% to €804mn in 2020

bne IntelliNews February 5, 2021

COVID-19 lockdowns hit income as Raiffeisen raises provisioning ahead of pandemic's after effects.

Prime Minister Viktor Orban’s proxy is richest Hungarian ever

bne IntelliNews February 4, 2021

Lorinc Meszaros is now worth $1.4bn, according to Forbes, as Fidesz-linked oligarchs benefit from government contracts and deals.

M&A deals in CEE fall 22% by volume but rise 29% by value in 2020

bne IntelliNews February 2, 2021

Annual Wolf Theiss survey shows private equity investors are expected to take advantage of post-COVID business environment.

Hungarian PM has zero savings, according to annual asset declaration

bne IntelliNews February 2, 2021

Anti-corruption activists argue asset declaration system needs to have real teeth and include relatives.

MITTELEUROPEAN INSIGHTS: Only Romania is really serious among the Euro-flirts

Gunter Deuber and Dorota Strauch of Raiffeisen Research in Vienna and Warsaw February 1, 2021

After Bulgaria and Croatia, only Romania looks like a strong contender to join the eurozone this decade.

Hungary seals deal with China to buy 5mn doses of Sinopharm vaccine

bne IntelliNews February 1, 2021

Hungary, which also fast-tracked approval of Russia's Sputnik V, will be the first country in the EU to allow the use of Sinopharm.

Massive SK Innovation investment strengthens Hungary's position in electric car batteries

bne IntelliNews February 1, 2021

Korean €2.3bn investment will be Hungary's largest and will help move country's automotive sector away from reliance on petrol-based technologies.