Matrai Eromu has incurred losses due to rising carbon prices, and its future is in danger as a result of tighter rules on carbon-powered plants in the EU.
Budapest seeks to delay repayment of Russian loan for nuclear power plant expansion as new units now not expected to be up and running before 2030.
Hungary’s economy extended gains in Q3 as domestic growth has decoupled from weak European and German industrial performance.
Hungarian PM Viktor Orban's obsession with football is legendary, and critics say spending on sports infrastructure is draining money away from the health sector and education.
The finance ministry and the state debt manager, AKK, did not want to launch a new bond issue against a successful bond programme already in place.
The growing importance of environmental, social and governance (ESG) performance to investors (and ultimately to voters) is one of the most important forces shaping the new global economy. CO2 emissions must peak next year or we are in trouble.
If half of the governance gap between Central Europe and the G7 countries was closed, income convergence would be brought forward by almost a generation, says EBRD chief economist Beata Javorcik in an interview with bne IntelliNews.
30 years after the fall of the Berlin Wall the new EU members haven’t yet caught up with Western Europe — but they are drawing level with the Southern European states that were battered by the international economic crisis.
Bond issuers from Eastern Europe were active in October with 18 bonds issued worth a total of $4.5bn of which two-thirds of the value and 14 out of the 18 were Russian bonds, according to data provided by CBonds.
Szeles, now Hungary’s seventh richest man, started out importing PC parts in the 1980s. He made his name after the transition by reviving Videoton, now the largest electronic manufacturing services company in the CEE region.
Report from the Open Society Foundations reveals a “robust spirit of dissent, and a readiness to challenge those in power” as shown by mass anti-corruption protests in the Czech Republic, Romania and Slovakia.
Since the first years of the transition period, Central Europe started to emerge as a major manufacturing destination for Europe’s automotive industry. Now the industry is adapting to a new generation of technologies.
The pace of growth in the EBRD’s emerging economies is slowing on the back of a weaker global economic outlook, and pressure from slower growth in the Eurozone and China, US/Chinese trade tensions and a contraction in world automobile production, acc
Budapest defies pressure from the US to exclude the Chinese tech giant, sending a clear message to global political and economic actors.
Western Europe is rapidly sliding into recession, but after a five-year-long boom, Central Europe is holding out.
Budapest will scrap plans to set up a separate system of public administration courts, which had been in the crossfire of international organisations.
PPF Group of the richest Czech Petr Kellner sold a 25% stake in the Hungarian radio communications company Telenor, which includes Telenor Hungary and Telenor Real Estate, to Antenna Hungaria.
Hungarian PM Viktor Orban defended his country's close ties with Russia and talked of Hungary’s position in a regional context “in the triangle between Moscow, Berlin and Istanbul” — with no mention of Brussels.
The European Commission’s Economic Sentiment Indicators (ESIs) turned south across Central Europe in October, suggesting the economies of the region will slow down from here as a miasma descends.
Investors and policymakers finished the International Monetary Fund (IMF), World Bank annual general meetings in October on a more positive note than expected.