Hungary
Hungarian forint slips to all-time low against the euro
The Hungarian forint is amongst the worst-performing currencies this year, and its depreciation is forecast to continue thanks to the central bank’s dovish policies.
Eastern EU members “failing to address corruption effectively”, finds Transparency International
Many of the newer EU member states saw their scores deteriorate on the latest Corruption Perceptions Index amid growing state capture and efforts by governments to undermine judicial independence.
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Hydrogen-powered drone developed in Hungary
Hungary-based Genevation Aircraft has unveiled its first hydrogen fuel cell powered aircraft developed jointly with US-based Alaka'i Technologies.
KMPG evaluates McDonald's impact on Hungarian GDP at €456mn
McDonald’s opened its first restaurant in Hungary in April 1988 and since then it has become a dominant player in the fast food market.
Visegrad leaders stand united at Prague summit
V4 plus Austria agree on issues such as migration, border security and enlargement, but differences arise over nuclear energy as a solution to climate crisis.
Keppel Infrastructure buys into MET Group
For MET, an integrated European energy company with roots in Hungary, the partnership with Keppel is the next step to exploring joint energy infrastructure investment projects in Europe.
ING: Hungarian inflation jumps to 4% in December
Hungary's headline inflation rose remarkably in December, as expected, mainly on the back of energy prices. But what's more important is that core inflation slowed somewhat, so we see the central bank remaining calm.
Hungary takes over fertility clinics to offer free IVF services in bid to halt population decline
Prime Minister Viktor Orban's government has long advocated a "procreation over immigration" approach to deal with demographic decline.
Hungarian central bank governor blasts flawed housing policy
MNB governor Gyorgy Matolcsy blamed the government for a lack of strategy that has contributed to spiralling prices.
VIENNEAST COMPASS: Risk outlook 2020 – balancing in limbo
CEESE had a good year in 2019, with the economies in the region buoyed by increasing domestic consumption and capital spending that allowed the region to decouple from western Europe.
SK Innovation planning to boost EV battery production capacity in Hungary
Capacity of SK Innovation's second Hungary factory to be raised to 16 Gwh equivalent to meet soaring demand from European carmakers.
CAPITAL ECONOMICS: CEE growth comes off the boil in 2019, but loose money and strong demand will bolster growth in 2020
The European Commission’s batch of Economic Sentiment Indicators (ESIs) fell sharply in December, although they remain consistent with regional GDP growth holding steady at around 3.6% y/y in Q4. Robust domestic demand should help to cushion the blow
OUTLOOK 2020 Hungary
Ruling Fidesz is under pressure both at home and abroad, but neither politics nor the worsening external environment have so far dented Hungary’s stellar economic growth.
Hungary’s state electricity company buys out loss-making power plant from oligarch
The sale came at the right time for oligarch Lorinc Meszaros, as Matrai Eromu’s preferential agreement with former owner RWE on carbon prices will expire in 2021, and its future is also in danger due to tighter rules on EU carbon-powered plants.
Hungarian government revises 2019 growth target and projects at least 4% annual GDP growth until 2023
Budapest expects export growth to outstrip import growth from 2021, but pace of growth for both household consumption and fixed investment set to slow.