EU leaders said they will consider all options against the Syrian government and Russia for atrocities committed in Aleppo, but met resistance from Italy in the issue of imposing new economic sanctions.
Rattled by a sharp slide in competitiveness, Hungary says it plans to slash red tape. However, erratic policymaking, corruption and the state of the education system are the big issues.
Hungary’s construction output trimmed its fall to 9% y/y in August. The result marked the eighth month of decrease in a row, but also added to signs that the free fall is set to slow.
A combination of factors is creating the conditions for a boom in Central and Eastern European defence procurement. But as Poland’s sudden decision to scrap a $3.5bn helicopter deal shows, the region remains a tricky place to do business.
Erste plans to roll out "banking for the unbankable" across CEE, seeing its social banking drive as an investment in a future generation of successful entrepreneurs.
A rebound of the vital carmaking sector helped Hungary’s industrial output return to growth in August following two months of decline.
Hungary’s CPI swung back to positive territory in September following four months of deflation in a row. The rise pushes hopes of a significant recovery in the headline data.
Hungary’s leading left-wing paper Nepszabadsag unexpectedly suspended publication on October 8. Suspecting political pressure, thousands protested in front of parliament, claiming the government continues to try to smother the freedom of the press.
Following two months of decline, Hungarian industry returned to growth in August, increasing 11.1% y/y in unadjusted terms, compared to a drop of 4.7% y/y in July, statistics office KSH reported on October 7.
RZB and RBI said in May that they were examining a merger as a way of reinforcing their capital buffers in the face of tougher regulatory requirements following the global financial crisis.
Gyorgy Mudri only launched the beta version of his personal finance management app Wyze.me late last year, but he is already aiming for it to become “the European Mint.com and even better”.
The improvement will be welcome, especially in Poland where industrial output has proved weaker than hoped throughout most of the year. The rebound follows early signs of an uplift in the Eurozone and a turnaround in confidence in Germany.
Turnout in Hungary's referendum on the EU’s migrant quota system was just 40.4%, but the government insists it has a mandate to change the constitution anyway.
Companies from the Hungarian food industry are reportedly advertising in Ukraine to attract migrant workers from the diaspora, as the labour shortages in the region increase in intensity.
Estonia and the Czech Republic top the CEE chart in the Global Competitiveness Index 2016-2017. While Hungary slumped to the bottom of the pile with the largest slide in the region, Poland surged up the table.
There's little doubt among members of the ruling Fidesz party that Hungarians will say “no” to the EU’s quota system in the October 2 referendum. There's also plenty of confusion about what comes next.
Two Hungarian police officers were seriously injured in the detonation of a home-made bomb in the centre of Budapest on the night of September 24.
Hungarian retail sales growth in July – adjusted for calendar effects – accelerated more than previously estimated, but still remains the second slowest rate of expansion year to date, according to a report released on September 23.
Aspiring to become a regional leader in electromobility, Hungary is rolling out a series of incentives aimed at raising demand for electric cars.
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