Romania was the only EU member state to see VAT collection contract, despite a cut in its effective VAT rate.
New plant and bottling line opened in central Hungary, as the owner of iconic brand Szentkiralyi pursues regional expansion in cooperation with sector rival Kekkuti.
Viktor Orban has built strong ties with Russian President Vladimir Putin over the years, defying his EU partners, and is a vocal opponent of sanctions against Russia.
The Magyar Nemzeti Bank is ready to cautiously start normalising monetary policy from the present ultra-dovish stance.
The annual rise was supported by a number of salary hikes in the public sector and a rise in the minimum wage. However, compared to other EU member states, labour remains cheap.
Two Bulgarian parties have urged PM Boyko Borissov to support his Hungarian counterpart and take a stand against the European Parliament’s decision to trigger the Article 7 procedure against Hungary.
Transparency International accuses governments of major exporting countries of “prioritising profits over principles” by failing to prosecute companies that break laws criminalising foreign bribery.
MEPs vote convincingly in favour of report that calls for the opening of the Article 7 procedure, which ultimately suspends a member state's voting rights.
The Hungarian prime minister was defiant in the face of a barrage of criticism from allies and opponents alike during a debate on the Sargentini report, which condemns Hungary for breaches of democratic values.
Employers in two Southeast European economies report robust hiring intentions, as global picture remains positive despite looming trade wars and Brexit uncertainty, ManpowerGroup survey shows.
MEPs will vote on whether to ask the Council to trigger an Article 7 process due to the “clear risk of a serious breach by Hungary of the values on which the Union is founded.”
The huge yield difference between retail bonds and those sold to institutional investors has helped banks and some wealthy individuals to make a profit without any risk.
Serbia holds top spot worldwide in terms of jobs created by foreign direct investors relative to its population size, with fellow Central and Southeast European countries dominating the top 10 locations, IBM's Global Location Trends report shows.
United in their anti-migrant stance, Hungary's PM and the leader of Italy's smaller governing party will create an alliance in preparation for next year's European parliament elections.
US SEC investigators are looking into whether middleman companies selling Microsoft software in Hungary paid bribes and kickbacks to government officials.