Hungary
VISEGRAD BLOG: Governments battle central banks in Poland and Hungary
The apparent threats to central bank independence are now worrying markets and the European Central Bank.
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Hungary signs agreement with UAE on construction of €5bn city centre 'mini-Dubai' in Budapest
The plan would transform a 130-hectare train station yard in a northern part of the capital into a new city quarter with tourism, economic, business and sports functions.
Hungarian government abandons 4% growth target
Hungary’s economy contracted 0.9% in 2023, ranking the country among the laggards in the EU.
Hungarian central bank accuses government of trying to curb its independence
Economists say the infighting within the Orban regime is unnerving investors and hurting the currency, given the ongoing freezing of EU funds because of its violations of the rule of law.
Ukraine becomes world's 4th largest arms importer, European imports soar
European arms imports were up by 94% in 2019-23, as Ukraine's allies send military aid while also arming themselves, says new SIPRI report.
Record Czech poll support for ANO as its leader adopts Kremlin-appeasing narrative
Leaked emails reveals how former premier wanted to target foreign minister's family.
Orban pays fealty to Trump at Mar-a-Lago
"The world would be better, and it would be better for Hungary if President Donald Trump returned to power," Hungarian premier declares.
Hungary CPI slows to 18-month low in February
Hungary's inflation slowed to 3.7% in February, down from 3.8% in the previous month.
Hungary’ records extreme budget shortfall in February
Hungary's cash flow-based general government deficit reached HUF1.7 trillion (€4.3bn) at the end of February, which accounts for roughly 70% of the HUF2.5 trillion full-year target.
Closing gender gap in workforce could double global growth rate says World Bank
Countries in Central and Eastern Europe and Eurasia have a lower gender gap than the global average but only Latvian women have equal legal standing with men.
Hungary threatens to block Dutch PM Rutte as new Nato chief
Hungarian delay in Sweden's Nato membership has already strained ties with allies, undermined the country’s credibility and reinforced views that Prime Minister Viktor Orban serves Russian interests.
US sanctions Intellexa consortium entities in Hungary and North Macedonia for spyware development
OFAC says companies in Hungary and North Macedonia sanctioned for developing Intellexa's Predator spyware.
Hungarian government paid for regional online advertisement push in support of political allies
Hungary’s advertisement campaign featured the headline “Hungary protects the EU from illegal migration”.
Hungary’s central bank governor slams government policy and flags risks to independence
Central bank governor Gyorgy Matolcsy slammed the government's economic policy shift in mid-2021 and denounced attempts by the cabinet to curb the central bank’s independence.
Liberty Steel's financial crisis is just the latest blow for CEE's steel industry
The woes of Liberty Steel's mills also reflect the struggle of former Communist Central and Eastern Europe’s once mighty steel sector to remain competitive.
Three of seven Hungarian regions among 20 poorest in EU
The four poorest Hungarian regions (Southern Great Plain, Northern Great Plain, Northern Hungary and Southern Transdanubia) had per capita GDP of between 50-55% of the EU average.
Despite differences over Ukraine, V4 leaders stress the platform is not dead
Split over Ukraine has led analysts and journalists to describe the group as the V2+V2 rather than the V4, and to speculate whether it had a function anymore.
Hungarian central bank cuts key rate by 100bp to 9%
Hungary’s economy has seen strong and general disinflation as headline CPI last month fell 1.7pp on a monthly basis to 3.8%.