Hungary

Central and Eastern European countries' high-tech exports boom

Vladimir Kozlov in Moscow April 17, 2019

Central and Eastern European (CEE) countries high-tech exports are booming, according to a study recently conducted by RS Components, based on an analysis of 10 years of high-tech export data from The World Bank.

China pledges to boost trade and infrastructure ties with CEE countries

Levente Szilagyi in Budapest April 15, 2019

At the latest 16+1 summit Chinese Premier Li Keqiang stressed the importance of reciprocal opening-up of the market, and says China will make further efforts to facilitate trade.

Orban’s media advisor sets up news agency in London

bne IntelliNews April 10, 2019

Arpad Habony, the former media advisor of Prime Minister Viktor Orban, has set up V4 News Agency (V4NA) headquartered in London with teams in the four Visegrad countries and five other European capitals

Hungary to enhance cooperation with Huawei despite US concerns

bne IntelliNews April 10, 2019

Since taking office in 2010, the Orban government has made its “Eastern Opening” policy aimed at strengthening ties to the Far East a priority, and Hungary is also committed to the development of the ICT sector.

Hungary's core inflation rises to six-year high

bne IntelliNews April 10, 2019

Hungary’s headline inflation accelerated to 3.7% in March from 3.1% in the previous month, the second-highest reading in six-years, according to figures from the Central Statistics Office (KSH) on April 9.

Passenger traffic growth slows at Budapest Airport, still the fastest growing airport in Europe

Levente Szilagyi in Budapest April 9, 2019

Passenger numbers at Liszt Ferenc International Airport rose 5.7% y/y to 3.1mn in the first quarter aviation market intelligence provider CAPA reported on April 8, maintaining its position as the fastest growing airport in Europe.

COMMENT: No-deal Brexit could affect value chains in the EBRD regions

EBRD in London March 29, 2019

Newly published EBRD research finds that a significant proportion of value chains within the 12 EU countries where the Bank operates, and also in Turkey as a member of the EU Customs Union, could be affected in an event of Brexit

Germany’s FAKT plans largest ever agriculture investment in Hungary

Levente Szilagyi in Budapest March 26, 2019

Essen-based FAKT is building a horticultural production, processing and logistics centre that in terms of value would compete with investments by carmakers Audi and Mercedes.

Spy accusation scandal breaks out over IIB's move to Hungary

Ben Aris in London March 21, 2019

The multilateral development bank, International Investment Bank, has moved its headquarters from Moscow to Hungary, provoking accusations that it will become a nest of spies used by Russian security forces.

Merger of Extreme Digital and eMAG to create leading online retailer in CEE

Levente Szilagyi in Budapest March 21, 2019

Combined company to have annual revenue of around €220mn, and pave the way for eMag to enter five regional markets where Extreme Digital is already present.

European People's Party suspends Fidesz' membership

bne IntelliNews March 21, 2019

Viktor Orban's party manages to avoid expulsion from centre right grouping, as the Hungarian PM vowed to end his campaign against Brussels and apologise to Fidesz critics within the party group.

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