OUTLOOK 2022: Central Europe and the Baltic states

Robert Anderson in Prague January 17, 2022

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.

Inflationary pressures remain strong in Hungary as core data hits 20-year high

bne IntelliNews January 17, 2022

Consumer prices increased by 7.4% y/y in December, while core inflation rose to 6.4%.

bneGREEN: Institutional Investors Group on Climate Change urges EU to keep gas out of green taxonomy

Richard Lockhart in Edinburgh January 15, 2022

A group of sustainable investors has urged the EU to exclude gas from the new the EU Taxonomy green investment classification system.

MEPs accuse EU Commissioner Varhelyi of supporting Dodik’s separatism in Bosnia

bne IntelliNews January 13, 2022

MEPs demand investigation into claims enlargement commissioner backed Dodik, despite denial by Hungary's ruling Fidesz.

Hungary’s automotive industry becomes less of a drag on industrial growth in November

bne IntelliNews January 13, 2022

Analysts expect the chip shortage to ease in H2, which could trigger a sharp rebound in industrial output.

Orban sets regulatory prices of some staples ahead of election

bne IntelliNews January 13, 2022

Opposition parties said the government’s latest move is a clear admission that the Hungarian economy is in a tragic state.

Saudi Aramco and MOL buy Lotos assets to make PKN Orlen-Lotos merger possible

bne IntelliNews January 12, 2022

Orlen’s next goal is taking over oil and gas exploration and production company PGNiG to build a regional oil major.

Hungary’s population decline highest since 1876

bne IntelliNews January 12, 2022

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.

Hungarian president sets election day for April 3

bne IntelliNews January 12, 2022

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.

PPF still has the deal-making mojo after death of founder Petr Kellner

Robert Anderson in Prague January 11, 2022

New CEO Ladislav Bartonicek is reported to be selling Home Credit Russia as part of the investment group's shift to more mature markets.

Hungary’s industry shows strength in November even as chip shortage still weighs

bne IntelliNews January 10, 2022

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.

Hungarian opposition PM candidate abandons plans to set up his own fraction

bne IntelliNews January 6, 2022

Opposition parties seem to have lost their momentum after the primaries, amid squabbling over joint national list.

bneGREEN: Brussels labels both gas and nuclear as green

bne IntelliNews January 5, 2022

Commission says there is a role for natural gas and nuclear as a means to facilitate the transition towards a predominantly renewable-based future.

Hungarian banks tell government they cannot support mortgage rate freeze

bne IntelliNews January 4, 2022

The government has fixed variable-rate home loans at October 2021 rates until at least the April elections.

CEE banking: As good as it gets in (post-) crisis times and the challenging geopolitical environment

Gunter Deuber in Vienna December 20, 2021

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.

bneGREEN: Gas and nuclear still in the running to be included in EU green taxonomy

Richard Lockhart in Edinburgh December 17, 2021

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.

bneGREEN: Brussels outlines ambitious plans for hydrogen, methane use in bid to strengthen gas market

Richard Lockhart in Edinburgh December 15, 2021

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.

Hungary issues first green Panda bonds on Chinese market

bne IntelliNews December 15, 2021

Three-year bond issue helps Hungary diversify its debt issuance strategy, expand its presence on the Chinese financial market and broaden the investor base.

Hungary’s central bank announces package of tightening measures

bne IntelliNews December 14, 2021

MNB raises rates by another 30 bps, widens interest rate corridor and phases out QE and bond purchase schemes.

NEMETHY: Can the Fed engineer a soft landing?

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors December 12, 2021

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?