Hungary

Infringement procedure launched against Hungary over "Stop Soros" laws

bne IntelliNews July 20, 2018

The legislation criminalises support for illegal immigration, making it punishable by imprisonment for up to 90 days.

Hungary's Hell Energy takes on export markets

Levente Szilagyi in Budapest July 17, 2018

Hell Energy has become the second largest soft-drink maker in Hungary after Coca-Cola and is rapidly expanding abroad.

BALKAN BLOG: Romanian anti-corruption beacon extinguished

Clare Nuttall in Bucharest July 10, 2018

Romania's chief anti-corruption prosecutor had long been considered an icon of the struggle against official corruption not only for Romanians but for other countries in the region that had hoped to follow the example set in Bucharest.

Hungary's labour shortage even greater challenge than thought

bne IntelliNews July 10, 2018

Nine out of 10 companies in the manufacturing sector say a labour shortage could force them to cut output, a problem exacerbated by Hungary's declining demographics.

China seeks to warm up relations with EU at 16+1 summit in Sofia

Denitsa Koseva in Sofia July 8, 2018

China wants to set closer economic ties with the European Union after a trade war has erupted between the East Asian powerhouse and the US.

CEE monthly bond wrap: summer doldrums

Ben Aris in Berlin July 5, 2018

Bond markets in emerging Europe came to a stand still in June. Politics killed off almost all interest in issuing fresh paper: Turkey held crucial presidential elections where the outcome was far from clear and Russia was reeling from sanctions.

Hungarian PM's main foe throws in the towel, sells businesses and retires

bne IntelliNews July 5, 2018

Billionaire Fidesz cashier turned harsh Orban critic Lajos Simicska is selling his entire business empire, including his media holdings, in a deal that will have enormous political and economic implications.

Coming US-EU trade war threatens CEE auto industry

Clare Nuttall in Bucharest July 4, 2018

Cars account for a whopping 60% of Slovakia's exports to the US, and a hike in tariffs on German auto exports would hurt components manufacturers across the CEE region.

Hungary's central bank stands firm in face of rising yields, weaker forint

bne IntelliNews July 4, 2018

The MNB hopes to sit out the storm without giving in to market expectations of an end to its dovish policies, but bond yields have continued to creep up higher.

Visegrad Four claim EU migration summit as their own success

Wojciech Kosc in Warsaw July 2, 2018

In the context of the current political instability in the bloc, EU leaders decided to do away with the compulsory quota system of relocating refugees and migrants, which has been long opposed by the V4 countries.

Romania faces critical skills shortage

bne IntelliNews June 29, 2018

Employers across CEE are struggling to find workers with the skills they need, but the problem is worst in popular nearshoring locations Romania and Bulgaria, a ManpowerGroup study finds.

VIENNEAST INSIGHT: How Central Europeans learned to stop worrying and love Russian gas

Marcus How and Adam Urosevic of ViennEast June 29, 2018

Despite an overall decline in the EU and Russia’s economic interdependence, Central European dependence has actually grown, a trend entirely shaped by material, rather than ideological, concerns.

Romania rated Eastern Europe’s best data centre location

bne IntelliNews June 21, 2018

Across Europe, only the Nordic states and the Netherlands offer better conditions, says real estate firm Savills.

IIB prepares to set up European unit in Budapest

bne IntelliNews June 20, 2018

A delegation from Moscow-based multilateral lender the International Investment Bank (IIB) visited Budapest on June 18 as it prepares to set up its new European unit in the Hungarian capital, the bank said in a statement.

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