Hungary

Macedonian ex-PM flees to Budapest to avoid prison term

Valentina Dimitrievska in Skopje November 13, 2018

Nikola Gruevski is seeking political asylum in Hungary after being sentenced to two years in prison over the purchase of luxury Mercedes with state funds.

Hungary’s nuclear power plant expansion reportedly delayed

bne IntelliNews November 13, 2018

Local media reports claim construction of two new blocks at the Paks nuclear facility may only be completed in 2032, five to six years behind schedule.

Businessman close to Hungarian PM gains ownership of flagship construction company

bne IntelliNews November 12, 2018

Laszlo Szijj has acquired Kozgep, the construction company of former Fidesz cashier turned Orban critic Lajos Simicska, who exited his businesses interests after the April general election.

Impending Eurozone crisis to take its toll on CEE economies

Clare Nuttall in Tirana November 8, 2018

Central and Southeast Europe are enjoying robust growth but there are risks ahead, the biggest of which is threatened a new Eurozone crisis centred on Italy that now looks “pretty likely”, wiiw economists warn.

The flood of Ukrainians leaving to work in EU countries has reached its peak

Ben Aris in Berlin November 8, 2018

Ukrainians flooded into Poland and other EU countries from 2014, filling empty workplaces in the booming CEE economies, but this movement has peaked and will stabilise or start to decrease in 2019, according to an OSW report.

Hungarian authorities close investigation in high profile Elias corruption case

bne IntelliNews November 7, 2018

EU anti-fraud office reported "established system of organised fraud" in Hungarian public lighting contracts awarded to company once owned by PM's son-in law, but Hungarian prosecutors said they found no evidence of criminal offence.

Jaguar Land Rover opens engineering centre in Budapest

bne IntelliNews November 4, 2018

Hungary's vehicle sector has been the main target for investors in the country, who have received generous cash subsidies and tax breaks.

Attitudes to religion and minorities in Eastern Europe remain largely unreformed after 25 years of democracy

Ben Aris in Berlin November 1, 2018

Most of emerging Europe has yet to embrace the liberal values of Western Europe, found a survey by the Pew Research Centre released on October 30.

Wine production going strong in Eastern Europe

bne IntelliNews October 31, 2018

Global wine production rebounded in 2018 after last year’s historically low harvest, OIV data shows, with some of the East European wine producers expecting massive hikes in output this year.

MET Group enters burgeoning Hungarian solar energy market

Levente Szilagyi in Budapest October 28, 2018

Hungarian energy companies are in a race to install new solar parks at lightening speed, with Swiss-based MET Group's MET Dunai Solar Park the latest to start production.

Hungarian government close to ousting Central European University from Budapest

bne IntelliNews October 26, 2018

Soros-founded CEU has been the subject of repeated attacks by Hungary's right-wing populist government.

Orban blasts Brussels for "deliberately" failing to defend Europe from migration

bne IntelliNews October 24, 2018

Hungarian PM lays the ground for next year's European Parliament election campaign as he claims Brussels wants to replace nation states with a "European empire" controlled by bureaucrats.

Hungarian central bank buys 2,300 bars of gold, raises gold reserves ten-fold

bne IntelliNews October 17, 2018

Hungary's central bank talked earlier of the need to keep gold reserves at a location that "ensures safety in case of geopolitical crises”.

Romania ranked worst among EU countries on Social Progress Index

bne IntelliNews October 16, 2018

Romania’s low scores, in particular for water, sanitation and public health, reveal deficiencies in the distribution of economic growth and public spending, report's author says.

Hungarian government to abruptly phase out home savings funds

bne IntelliNews October 16, 2018

Hungarians are rushing to sign up for new contracts ahead of a parliament vote expected to take place on October 16.

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