Hungary
Spy accusation scandal breaks out over IIB's move to Hungary
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.
Merger of Extreme Digital and eMAG to create leading online retailer in CEE
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.
European People's Party suspends Fidesz' membership
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.
COMMENT: Fidesz exclusion from European People's Party - the start of a Hungarian Brexit?
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.
Hungary's automotive sector outpaces industrial growth despite week-long strike at Audi
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.
Hungary online retail sales post double-digit growth
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.
European patent applications from CEE states rise
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.
EPP leader Weber says differences remain after talks with Viktor Orban
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.
VOX: Fukuyama -- the end of history could look like Hungary
The “end of history” could see more countries like “highly corrupt” “illiberal democracy” Hungary rather than Denmark, according to renowned political scientist Francis Fukuyama.
European People's Party group leader Weber proposes talks with Orban
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.
Electric vehicles still in the slow lane in CEE
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.
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Hungarian central bank governor makes case for consolidation in banking sector
Gyorgy Matolcsy suggests based on its size, the Hungarian market can support only five or six big universal banks sustainably.
European People's Party leader gives ultimatum to Hungarian PM
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.
State electricity firm opens Hungary's largest solar park
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.
CEE/CIS countries outperform income peers in terms of gender equality at work
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.
EC debunks Hungarian government's claims in anti-Brussels campaign
Brussels comes down hard on Hungarian government over campaign that targeted European Commission President Jean-Claude Juncker and Hungarian-American businessman George Soros.
Hungarian central bank unveils recommendations to boost competitiveness
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.
SK Innovation to build new battery plant in Hungary
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.
Hungarian IT education firm secures venture capital financing
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.