Hungary

Hungary ditches Budapest Olympic bid

bne IntelliNews February 23, 2017

The Hungarian government announced late on February 22 that it will withdraw Budapest’s bid to host the 2024 Olympic Games citing “a lack of national unity”.

Czechs join Visegrad food fight against international retailers

bne IntelliNews February 21, 2017

New member states demand end to inferior quality branded food products being sold in same packaging.

Momentum collects twice the required signatures for Olympic vote

bne IntelliNews February 17, 2017

Hungary's Viktor Orban now has to choose between the potential humiliation of a referendum, or admit defeat and give up on his dream.

Hungary hopes to ratchet up Europe's barriers to refugees

Blanka Zoldi in Brussels February 16, 2017

After trying to keep asylum seekers out with razor-wire border fences, Budapest now plans to lock those that make it into shipping containers.

Hungarian economic growth disappoints in fourth quarter

bne IntelliNews February 14, 2017

Hungary’s economy grew just 1.6% in the fourth quarter of 2016, according to unadjusted preliminary data, statistics office KSH reported on February 14.

Cars continue to drive weakness in Hungarian industry

bne IntelliNews February 14, 2017

The struggle of the carmaking sector to stabilize output remains the main culprit for the continued poor performance of Hungarian industry, data for December released by statistics office KSH on February 14 confirmed.

Hungarian inflation continues acceleration in January

bne IntelliNews February 14, 2017

Hungary’s CPI increased by 2.3% in January from 1.8% the previous month, data from statistics office KSH showed on January 13. The rise was largely in line with market expectations.

Drug maker Richter sets innovative example for Hungary’s economy

Blanka Zoldi in Brussels February 10, 2017

Richter illustrates the potential of Hungary’s first-rate pharmaceutical sector, which many in the industry, including Richter’s CEO, expect to become the key driver of the Hungarian economy.

Youth movement mobilises Budapest against Olympic bid

Blanka Zoldi in Brussels February 9, 2017

Ruling Fidesz party rattled by grassroots Momentum campaign's success in setting the agenda.

VISEGRAD: Merkel eyes opportunity in Poland’s growing isolation

Tim Gosling in Prague February 8, 2017

Exposed by President Trump’s folding of the Nato umbrella, Poland may seek additional shelter from Germany.

Hungarian industry closes a weak year with another fall

bne IntelliNews February 7, 2017

Following a return - even if feeble - to growth in November, Hungarian industry slumped back into decline in December, statistics office KSH reported on February 7.

Hungarian retail sales growth decelerates in December

bne IntelliNews February 3, 2017

Hungary’s retail sales growth slowed in October to 2.6% y/y according to raw data and to 3.2% adjusted for calendar effects, a report released by statistics office KSH on February 3 shows.

VISEGRAD: Orban and Putin give little away in cautious presser

Dan Nolan in Budapest February 3, 2017

The mood between Orban and a pinched looking Putin – on his first visit to an EU member state since Donald Trump’s US election victory in November – was cagey rather than triumphant.

Orban hopes to benefit from Hungary's good ties with Putin

Blanka Zoldi in Brussels February 1, 2017

Hungary is the EU country visited most frequently by the Russian president since the annexation of Crimea.

Poland dominates a vibrant, growing fintech industry in CEE

Nicholas Watson in Prague January 30, 2017

Fintech start-ups are flourishing across Central and Eastern Europe, from Russia to Turkey, though Poland is probably the furthest ahead in establishing itself as the most important regional hub.

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