Hungary
ING: Commodity supercycle calls grow
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
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
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
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%
Services dragged the economy down, contributing a 3.2pp decline in Q4.
Erste Bank net profit halves to €783mn in 2020
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
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
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
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.
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European Commission hopes to use new rule of law tool this year
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
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
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
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
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
Budapest turns to Moscow and Beijing and criticises delays in Brussels' vaccination procurement.
Leading Hungarian independent radio station silenced
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
Government attacks EU over delays and becomes first country in the bloc to give fast-track approval to other vaccines.