Hungary
Hungary top European destination for Chinese FDI for second year in a row
Hungary was the top European destination for Chinese foreign direct investment for the second consecutive year in 2024, according to a report by the Hungarian Investment Promotion Agency.
Slump in vehicle sector hits Mercedes’ operation in Hungary
Mercedes-Benz Manufacturing Hungary reported a 40% drop in profit as production fell 20% at its Hungarian base, mirroring the slump in the automotive sector.
Hungary extends cap on markups until end of August, retailers warn of mass closures
Hungary's government has extended a mandatory cap on markups for a range of food products until the end of August in a bid to contain inflation, despite pledging to phase out the measure at the end of May.
EU states condemn Hungary over law banning Budapest Pride, urge Brussels to take action
Seventeen EU member states have issued a joint statement condemning Hungary’s recent legal measures that ban Budapest Pride, warning that the legislation infringes on fundamental rights and contradicts core European values.
Hungary’s central bank keeps rates steady at 6.5%, reaffirms cautious outlook
The Monetary Council of the Hungarian National Bank left the base rate on hold at 6.5% while keeping the interest rate corridor unchanged at a monthly policy meeting on May 27, fully in line with projections.
Viktor Orban may have lobbied to bring Italian Supercup to Budapest in secret Saudi meeting
Hungarian Prime Minister Viktor Orban met privately with Saudi Crown Prince Mohammed bin Salman in Riyadh in October 2022, just months after MbS took on the role of prime minister.
Slovak PM Fico slams German Merz for his comments on EU taking action against Hungary and Slovakia
Slovakia’s populist Prime Minister Robert Fico slammed German Chancellor Friedrich Merz for stating that Germany could propose EU block the EU funding for Hungary and Slovakia if the two countries diverge from EU policies.
Hungarian banks warn of fallout from Putin-style 'transparency bill' on financial system
Hungarian banks have sounded the alarm over the government's controversial Putin-style 'transparency bill', warning that it is already fuelling capital flight and eroding confidence in the domestic financial system.
Czech PPF bosses are ready to take on Netflix and HBO in PPF’s home markets
PPF executives say the group's local content gives it a competitive advantage over international players in small CEE markets.