The multilateral development bank, International Investment Bank, has moved its headquarters from Moscow to Hungary, provoking accusations that it will become a nest of spies used by Russian security forces.
Combined company to have annual revenue of around €220mn, and pave the way for eMag to enter five regional markets where Extreme Digital is already present.
Viktor Orban's party manages to avoid expulsion from centre right grouping, as the Hungarian PM vowed to end his campaign against Brussels and apologise to Fidesz critics within the party group.
In the coming week, a closely watched decision the conservative European People's Party will decide if it wants to exclude Hungary’s Fidesz from its ranks.
Last year the three leading car makers Audi, Mercedes, Suzuki turned out a total of some 500,000 cars or 2.8% of the 19mn cars manufactured in the EU.
Online retail sales in Hungary grew 17% to HUF425bn (€1.3bn) last year, according to a survey by GKI Digital and Arukereso. E-commerce in Hungary accounted for 4.5% of total retail sales turnover last year.
Applications to the European Patent Office from CEE states rose strongly in 2018, though in absolute terms they still lag international manufacturing hubs in Western Europe, North America and the Far East.
Talks in Budapest just a week before EPP parties are due to vote on whether expel Hungary's ruling right-wing Fidesz from its ranks.
The “end of history” could see more countries like “highly corrupt” “illiberal democracy” Hungary rather than Denmark, according to renowned political scientist Francis Fukuyama.
Orban’s right-wing nationalist party risks being kicked out of the European People’s Party,after launching a scathing campaign against European Commission President Jean-Claude Juncker.
After a slow 2018 that saw the EU fall behind the US, EV sales are expected to revive in the EU as new models come on the market in the next few years, but the eastern part of the bloc remains far behind frontrunners like Sweden.
Gyorgy Matolcsy suggests based on its size, the Hungarian market can support only five or six big universal banks sustainably.
Manfred Weber, leader of the EPP group in the European Parliament, said values of Christian Democracy are non-negotiable, as EPP prepares to debate whether to exclude Hungary's Fidesz.
Solar accounts for 0.5% of Hungary's annual electricity production, but that will grow substantially as there are solar projects with total capacity of around 3,000MW in the pipeline.
Disastrous demographics and tightening labour markets will keep up the pressure on governments across the region to encourage women to enter and remain in the workforce.
Brussels comes down hard on Hungarian government over campaign that targeted European Commission President Jean-Claude Juncker and Hungarian-American businessman George Soros.
Even though Hungary's economy grew by 5% last year — one of the fastest rates in Europe — economists say that in the long term the country needs to improve productivity to ensure sustainable growth.
Hungary is set to become the largest EV car battery producer in Europe after 2020 following investments by three of the big five Asian battery makers.
Codecool IT, which launched a disruptive model to train people with digital skills and provide employee placement, is pursuing international expansion to other markets affected by CEE's labour squeeze.