Hungary
MITTELEUROPEAN INSIGHTS: Hungary's surprise debt issuance demonstrates the EU's financial whip is not working
Hungary's big return to the international bond market shows it is expecting a lengthy spat with the EU but it also makes financial sense.
bneGREEN: Global coal plans collapse by 76%
The global pipeline of proposed coal power plants has collapsed by 76% since the Paris Agreement in 2015, bringing the end of new coal power construction into sight, new research by green think-tank E3G finds.
bneGreen: Finland’s Betolar develops green cement as construction races to decarbonise
Finland’s Betolar is pioneering the production of low-carbon cement by using alternative industrial waste products in a process that could reduce CO2 emissions by up to 80%.
GLOBSEC: No debt ratio is safe for small EU countries
Targeted EU fiscal rule reform is desirable but should consider the inherent risks for smaller member states.
Foreign companies dominate Hungary’s B2C scene
Last year sales jumped 45% to €2.5bn, fuelled by lockdowns and changing consumer patterns.
Hungary’s inflation on the rise in August after a temporary retreat
Hungary’s headline inflation edged up to 4.9% in August from 4.6% in July.
PM Viktor Orban’s friend granted casino license for 35 years in secret
Opposition pledges to challenge lengthy contracts and licences handed out to regime's favourite oligarchs.
Hungarian central bank sees little chance of government slashing 5.9% deficit target despite stellar growth
MNB expects the government to use additional proceeds from better-than-expected growth to boost expenditures this year ahead of election.
EV market may create copper deficit
Auto fleets' shift to electric vehicles in a global drive to cut carbon emissions will involve a drawdown on copper that could transform markets, and spur additional supply.
Industry and services drive Hungary's GDP back to pre-crisis levels in Q2
Analysts are expecting Hungary’s economy to post a record 7% FY growth or even higher as the main drivers of growth are expected to remain strong.
Hungary and Russia reach long-term gas supply agreement
The agreement, to be signed at the end of September and coming into force from October 1, will be in force for 10+5 years.
Hungary's jobless rate edges below 4% in July
Hungary’s labour market has been resilient and recovered quickly from the pandemic, helped by coordinated economic protection measures by the state and the central bank.
Hungary’s 4iG to take control of state-owned telecom infrastructure company Antenna Hungaria
Strategic partnership agreement will create one of the leading telecommunications holding companies in the CEE region.
New infections on the rise in Hungary but government is not planning restrictions
Prime Minister Viktor Orban has made a desperate call for people to get vaccinated in an email message sent to millions of Hungarians.
Central European economies bounce back from the pandemic
Poland, Hungary and Slovakia have already surpassed their end 2019 GDP levels.
Hungary’s consumer prices ease in July
Hungary’s consumer prices rose 4.6% y/y in July, slowing from the peak of 5.3% in the previous two months.
Wizz Air to hire another 4,600 pilots by 2030
Hungarian no-frills carrier the first major European airline to fully recover capacity to pre-COVID-19 levels.
Hungary’s industrial production flat in June despite global chip shortage
All branches of manufacturing contributed to the increase, but growth slowed significantly in the vehicle segment, which has the largest weighting.
Erste Group revises upwards CEE region’s 2021 growth outlook
CEE lender cites region’s outstanding resilience during the pandemic and the expected positive impact from the EU’s recovery fund.
Heatwave pushes up spot electricity prices in Southeast Europe
Prices elevated by a combination of demand for electricity for cooling and an outage at one of the reactors of Romania’s nuclear power plant.
