Hungary
Stagflation fears continue to rise
Global inflation refuses to be tamed and with price increase in the US hitting 8.6% in May, its highest level in 40 years, the Fed is expected to start tightening monetary policy by hiking rates that will suck liquidity out of Emerging Markets.
CEE Economic Sentiment Indicators fall on polycrisis woes
The European Commission’s Economic Sentiment Indicators (ESI) for Central and Eastern Europe (CEE) fell in May as the polycrisis hitting the world took its toll on economies across the entire region.
Nato agrees 'fundamental shift' to counter Russia
Security alliance’s leaders agree a big increase in troop deployments on its Eastern Flank, more help for Ukraine in its defence against Russian aggression, and a new Strategic Concept.
Hungary’s forint jumps after central bank’s aggressive 185bp rate hike
The forint has been of the weakest currencies in Europe, with widening budget and current account deficits making it exposed to external market movements.
bneGREEN: Reducing investment in fossil fuels can fund Europe’s energy transition
Europe’s electricity system could become greener, more secure and more resilient while not requiring any funding if the right investments are made to replace increasingly expensive fossil fuels.
bneGREEN: Coal investment remains major threat to green dream
An 8% rise in global energy investment in 2022 to $2.4 trillion, driven by a 12% rise in clean energy spending, is still far from enough to tackle the energy crisis and to put the world on the path to a greener and more secure energy future.
Hungary’s jobless rate inches down to 3.5% in May
Hungary's jobless rate would be closer to 5% if workers in public work schemes were included.
CEE inflation spreading across whole region, set to last for years
Inflation is being driven up by the food crisis and disrupted supply chains, first during the pandemic and now due to the war in Ukraine, leading to fears of stagflation for the whole world.
South Korea’s W-Scope to build €720mn battery separator film plant in Hungary
The €720 million project creating 1,200 jobs is the largest investment so far announced this year in the country.
Hungary’s EU ambassador steps down two weeks after blocking the extension of sanctions to Patriarch Kirill
Hungary’s permanent representative to the EU, Tibor Stelbaczky, has reportedly stepped down from his post. The Hungarian Embassy in Brussels refused to confirm or deny the report.
World hit by interest rate and inflation shock says IIF
The world’s economy is being hit by an inflation and interest rate shock that shows no sign of abating, Institute of International Finance (IIF) said in a recent paper.
ASH: Welcome to the new age of inflation
The debate around inflation is centre-stage at present, with headline and PPI inflation soaring globally in response to a range of factors but including climate change/transition and Covid-related supply disruptions.
Hungary’s automotive sector sputters in April
Headline industrial output growth slows to 3.1% y/y.
NEMETHY: The world continues to hurtle towards recession and potentially financial crisis
There is a widespread feeling of ‘business as usual’. There is very little sense of impending doom. This confidence is misplaced.
Hungary launches probe against Ryanair after airline says it will pass on windfall tax
Ryanair says 'ill-timed and ill-considered tax has made Hungary instantly uncompetitive and less attractive to airlines and tourists'.
Bulgarians most sceptical in EU about euro adoption, Eurobarometer poll says
54% of Bulgarians don't want their country to switch to the euro, despite plans to enter the eurozone in January 2023.
bneGREEN: UN stresses green issues are key to reducing poverty and boosting sustainability
Maintaining a healthy planet and ensuring prosperity for all requires a renewed emphasis on reducing environmental impact, sustainability and changing the way the current economic system works.
bneGREEN: EU to use €2.4bn of carbon credit cash to fund green projects in CEE
The EU’s Modernisation Fund is to provide €2.4bn raised from the proceeds of the EU Emissions Trading System (ETS) to seven Central and East European countries to help them meet their 2030 climate and energy targets
bneGREEN: Energy efficiency: a central pillar of meeting green targets
Energy efficiency must play a central role in meeting the world’s emissions reduction and renewable energy targets.
Global red warning lights are flashing as stagflation looms
The conflict in Ukraine and high inflation threaten the global economy with stagflation similar to that experienced in the 1970s, according to a new World Bank forecast.
