Romania's VAT collection rate weakest among EU-28

bne IntelliNews September 25, 2018

Romania was the only EU member state to see VAT collection contract, despite a cut in its effective VAT rate.

Hungary's leading mineral water producer to double production capacity

Levente Szilagyi in Budapest September 24, 2018

New plant and bottling line opened in central Hungary, as the owner of iconic brand Szentkiralyi pursues regional expansion in cooperation with sector rival Kekkuti.

Hungarian PM reaches agreement on gas deliveries from Russia to 2020

bne IntelliNews September 19, 2018

Viktor Orban has built strong ties with Russian President Vladimir Putin over the years, defying his EU partners, and is a vocal opponent of sanctions against Russia.

Hungarian central bank doves surprise with hawkish message

bne IntelliNews September 19, 2018

The Magyar Nemzeti Bank is ready to cautiously start normalising monetary policy from the present ultra-dovish stance.

Romania’s hourly labour cost rises fastest in the EU in second quarter

bne IntelliNews September 14, 2018

The annual rise was supported by a number of salary hikes in the public sector and a rise in the minimum wage. However, compared to other EU member states, labour remains cheap.

Eastern Europe's extremists and populists line up behind Orban

Denitsa Koseva in Sofia September 14, 2018

Two Bulgarian parties have urged PM Boyko Borissov to support his Hungarian counterpart and take a stand against the European Parliament’s decision to trigger the Article 7 procedure against Hungary.

Corruption watchdog slams eastern EU members for failing to check foreign bribery

bne IntelliNews September 13, 2018

Transparency International accuses governments of major exporting countries of “prioritising profits over principles” by failing to prosecute companies that break laws criminalising foreign bribery.

European Parliament condemns Hungary for violating EU values

bne IntelliNews September 13, 2018

MEPs vote convincingly in favour of report that calls for the opening of the Article 7 procedure, which ultimately suspends a member state's voting rights.

Viktor Orban's allies turn against him in European Parliament

bne IntelliNews September 12, 2018

The Hungarian prime minister was defiant in the face of a barrage of criticism from allies and opponents alike during a debate on the Sargentini report, which condemns Hungary for breaches of democratic values.

Romania and Slovenia show EMEA's strongest hiring confidence for 4Q

bne IntelliNews September 12, 2018

Employers in two Southeast European economies report robust hiring intentions, as global picture remains positive despite looming trade wars and Brexit uncertainty, ManpowerGroup survey shows.

Hungarian PM faces crucial debate at European Parliament

bne IntelliNews September 11, 2018

MEPs will vote on whether to ask the Council to trigger an Article 7 process due to the “clear risk of a serious breach by Hungary of the values on which the Union is founded.”

Hungarian banks make use of scheme to make no-risk return

Levente Szilagyi in Budapest September 7, 2018

The huge yield difference between retail bonds and those sold to institutional investors has helped banks and some wealthy individuals to make a profit without any risk.

IBM report reveals small CEE/SEE nations’ success in attracting FDI to create jobs

bne IntelliNews September 5, 2018

Serbia holds top spot worldwide in terms of jobs created by foreign direct investors relative to its population size, with fellow Central and Southeast European countries dominating the top 10 locations, IBM's Global Location Trends report shows.

Orban-Salvini tandem in talks on forming new alliance

bne IntelliNews August 29, 2018

United in their anti-migrant stance, Hungary's PM and the leader of Italy's smaller governing party will create an alliance in preparation for next year's European parliament elections.

Microsoft probed over software sales in Hungary

bne IntelliNews August 27, 2018

US SEC investigators are looking into whether middleman companies selling Microsoft software in Hungary paid bribes and kickbacks to government officials.