Central Europe faces a critical year, with a key election in Hungary in April, while rumbling political instability in Poland and Slovakia could lead to early elections.
Consumer prices increased by 7.4% y/y in December, while core inflation rose to 6.4%.
A group of sustainable investors has urged the EU to exclude gas from the new the EU Taxonomy green investment classification system.
MEPs demand investigation into claims enlargement commissioner backed Dodik, despite denial by Hungary's ruling Fidesz.
Analysts expect the chip shortage to ease in H2, which could trigger a sharp rebound in industrial output.
Opposition parties said the government’s latest move is a clear admission that the Hungarian economy is in a tragic state.
Orlen’s next goal is taking over oil and gas exploration and production company PGNiG to build a regional oil major.
The number of deaths in Hungary reached 150,000 last year, the highest since 1945, which means that the country’s population fell by nearly 60,000, the steepest decline in 145 years.
United opposition faces uphill battle to dethrone strongman Viktor Orban, who has massive financial resources and the entire state apparatus plus most of the media behind him, as well as a gerrymandered electoral system.
New CEO Ladislav Bartonicek is reported to be selling Home Credit Russia as part of the investment group's shift to more mature markets.
The output of the automotive sector, which has the biggest weight in manufacturing in Hungary, fell considerably as companies scaled back production because of the global chip shortage.
Opposition parties seem to have lost their momentum after the primaries, amid squabbling over joint national list.
Commission says there is a role for natural gas and nuclear as a means to facilitate the transition towards a predominantly renewable-based future.
The government has fixed variable-rate home loans at October 2021 rates until at least the April elections.
Western European banks have made double-digit increases in the growth of their credit exposures to the CE/SEE region in the past 12-18 months.
The EU is set to make a final decision on December 22 on whether to include nuclear power and natural gas in its green taxonomy.
The European Commission has published a draft bill to promote the use of hydrogen and biomethane across Europe, and to strengthen the resilience of the gas system after months of volatile gas prices and supply worries.
Three-year bond issue helps Hungary diversify its debt issuance strategy, expand its presence on the Chinese financial market and broaden the investor base.
MNB raises rates by another 30 bps, widens interest rate corridor and phases out QE and bond purchase schemes.
If th tightens too far too fast (e.g. tapers bond purchases and hikes rates), stock and bond markets will crash; if it allows the current exceedingly loose monetary policy to prevail, inflation may careen out of control. What will it do?