Hungary

ING: Commodity supercycle calls grow

Warren Patterson Head of Commodities Strategy at ING in the Netherlands March 7, 2021

It has been an exceptional month for commodity markets, with growing inflation expectations increasing investor interest in the assets. Meanwhile, fundamental developments, particularly in the oil market, have only provided a further boost.

Hungary to tighten pandemic restrictions as new infections hit record

bne IntelliNews March 5, 2021

Government criticised for sluggish response, with shops and schools only being closed now despite earlier warnings of 'third wave'.

Rising provision costs dent profit of Hungary’s OTP in 2020

bne IntelliNews March 5, 2021

Consolidated after-tax profit at Hungary's largest commercial lender fell by 31% y/y to HUF71.5bn.

Hungary’s Fidesz pulls out of EPP before it is expelled

bne IntelliNews March 4, 2021

Viktor Orban's withdrawal will leave him in no-man's land and significantly reduce his influence. It could also make it easier for the EU to punish Orban for dismantling Hungary's democracy.

Hungarian Q4 growth in GDP revised up to 1.4%

bne IntelliNews March 3, 2021

Services dragged the economy down, contributing a 3.2pp decline in Q4.

Erste Bank net profit halves to €783mn in 2020

bne IntelliNews March 1, 2021

Austrian lender provisions for COVID-19 downturn but says it does not expect a significant increase in hard defaults after the expiration of debt moratoria in the region.

Hungarian PM threatens to leave EPP as it prepares to expel Fidesz

bne IntelliNews March 1, 2021

Centre-right grouping is expected to approve new rules on expulsions at a group meeting on March 3.

Orban chooses to receive Chinese jab to boost trust in non-EU vaccines

bne IntelliNews March 1, 2021

Hungarian PM said he would personally choose the Chinese vaccine, but also highlighted the reliability of the Russian one.

ING: Bad signs in the Hungarian job market

Peter Virovacz is a Senior Economist with ING in Hungary February 26, 2021

It was just a matter of time before we saw a serious impact on the Hungarian labour market from the second wave of Covid-19. The January data suggests a slump in growth in the first quarter, despite the latest upside surprise in wages.

European Commission hopes to use new rule of law tool this year

Robert Anderson in Prague February 25, 2021

Vice-president Jourova says Hungary and Poland could soon have EU budget money withheld if they continue to violate rule of law.

Emerging Europe strong on women’s economic opportunities but dragged down by low pensions

Clare Nuttall in Glasgow February 24, 2021

Different retirement ages for men and women lead to lower pensions for women despite reforms in 2019-2020, says World Bank report.

Abuse and hate speech against LGBTI people rises across Europe and Central Asia

bne IntelliNews February 18, 2021

Crackdown on democracy and civil society during pandemic accompanied by increase in hate speech by politicians finds ILGA-Europe report.

Resilient emerging Europe labour markets to bounce back post-crisis

Clare Nuttall in Glasgow February 17, 2021

Unemployment growth has been modest and a return to tight labour markets is expected as economies recover from the coronacrisis.

Hungary’s Q4 GDP surprises on the upside

bne IntelliNews February 17, 2021

Hungary’s economy grew 1.1% in Q4 on a quarterly basis, while in FY2020 GDP fell 5.1%

Hungary set to become first EU country to use Chinese COVID-19 vaccine

bne IntelliNews February 16, 2021

Budapest turns to Moscow and Beijing and criticises delays in Brussels' vaccination procurement.

Leading Hungarian independent radio station silenced

bne IntelliNews February 10, 2021

Budapest court upholds decision by regulators not to renew Klubradio's licence for alleged "repeated offences".

Hungary tries to speed up vaccinations by turning to China and Russia

bne IntelliNews February 8, 2021

Government attacks EU over delays and becomes first country in the bloc to give fast-track approval to other vaccines.

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