Hungary

COVID-19 lockdown sends Hungary's industrial output back to 2013 levels

Tamas Szilagyi in Budapest July 8, 2020

Statistics office KSH said preliminary data suggests the drop in vehicle manufacturing was "extreme", despite Hungary's main carmakers partially reopening in May.

Hungarian government paid Wizz Air €14mn to fly in PPE from China

Tamas Szilagyi in Budapest July 6, 2020

Foreign ministry reveals cost of bringing medical equipment to Hungary— but won't comment on why the government picked Budapest-based no-frills airline for the flights rather than specialised cargo carriers.

Economic sentiment in CEE picks up in June, but still deeply depressed

bne IntelliNews June 29, 2020

The economic sentiment indicators started to pick up again in June across Central and Eastern Europe (CEE), but there are big differences between the countries as they start to recover from the coronacrisis at their own speeds

Romanian online retailer eMAG begins expansion in Hungary

bne IntelliNews June 25, 2020

Romania's largest online retailer plans to open three more showrooms in Hungary and reach a turnover of €300mn in the country.

VISEGRAD BLOG: Returning migrants but no COVID baby boom for emerging Europe

Clare Nuttall in Glasgow June 23, 2020

What does the coronavirus pandemic mean for the region's dismal demographics?

Hungary's central bank surprises market with first rate cut in four years

Tamas Szilagyi in Budapest June 23, 2020

The central bank's goal is to stimulate the economy, benefitting from disinflationary trends and the easing of volatility on global markets.

Global pandemic is boon for ESG funds, outperforming their brown peers

Ben Aris in Berlin June 22, 2020

The coronavirus (COVID-19) pandemic has been a boon for environmental, social and governance (ESG) funds, 85% of which are now outperforming their non-ESG peers, according to a paper released by the Institute of International Finance (IIF)

Illicit cigarette consumption declines in eastern EU states

Clare Nuttall in Glasgow June 20, 2020

KPMG report says fewer contraband cigarettes flowing into the EU, but growth in illegal factories within the bloc.

Emerging Europe banks face surge in distressed loans when COVID support measures expire

bne IntelliNews June 18, 2020

Vienna Initiative report warns banks heading for a "cliff-edge effect of new distressed borrowers", followed by successive waves of new NPLs.

Hungarian MPs vote to end government’s special powers

bne IntelIiNews June 17, 2020

Budapest adopted legislation granting extraordinary powers to the government for an unlimited period raised concerns about future of democracy and fundamental rights in Hungary.

VISEGRAD BLOG: The COVID-19 pandemic may actually strengthen Central and Eastern Europe's position in Europe

Marek Belka and Piroska Nagy-Mohácsi of the LSE June 16, 2020

The COVID-19 pandemic may actually strengthen Central and Eastern Europe in relative economic terms to the rest of Europe, argue Marek Belka and Piroska Nagy-Mohacsi (LSE), with Poland being one of the big winners

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