Central Europe / Opinion

MITTELEUROPEAN INSIGHTS: Czech and Hungarian central banks in sync in 2021 but longer term CNB to outpace MNB

Gunter Deuber of Raiffeisen Research in Vienna June 25, 2021

This week the Czech National Bank increased its key interest rate for the first time in the last 16 months, while the Hungarian National Bank did so for the first time in the last 10 years.

COMMENT: Time to end Putin's impunity

Jeff Lovitt and Jan Piekło June 10, 2021

The price faced by Russia for aggression must be too high for the Kremlin to countenance, and this is the message that Biden should deliver to Putin – and act upon.

COMMENT: CEE national recovery and resilience plans – the focus, the gaps and what comes next

Otilia Dhand of Teneo June 10, 2021

Most CEE governments submitted their national plans after the deadline and two (Bulgaria and Estonia) are yet to finalise them.

ING: Hungary seems all set for a record year in 2021

Peter Virovacz is a Senior Economist with ING in Hungary June 6, 2021

The Statistical Office has revised up the first-quarter GDP growth for Hungary to 2.0% quarter on quarter. The strong start and details suggest we are likely to see the economy growing by around 7.4% this year.

ING: Hungary's inflation is back to 2012 levels and above 5%

Peter Virovacz Senior Economist with ING in Hungary May 13, 2021

Headline inflation significantly accelerated in April, reaching a level not seen since end-2012. Fuel and tobacco triggered the acceleration, and there's more to come.

10 megatrends shaping emerging Europe in the post-pandemic 2020s

Clare Nuttall in Glasgow May 11, 2021

Visions of a new roaring twenties are seductive but climate change and geopolitics pose threats.

ING: Hungary’s wages vs consumption puzzle continues

Peter Virovacz Senior Economist for ING in Hungary May 10, 2021

The stronger-than-expected wage growth remains puzzling, as based on the labour market data, the retail sector should not be in a downward spiral.

ING: Czech economy falls by less than previously feared in 1Q

Jakub Seidler Chief Economist at ING in the Czech Republic May 5, 2021

The preliminary GDP figure for the first quarter surprised on the upside. The economy fell just 0.3% quarter on quarter, with pandemic restrictions being in place throughout the quarter.