Hungary

Hungary’s central bank begins monetary tightening cycle by raising rates for first time in 10 years

bne IntelliNews June 22, 2021

MNB becomes first central bank in the EU to raise rates since the outbreak of the pandemic.

DATACRUNCH: Central banks hike rates in the fight against inflation

Ben Aris in Berlin June 22, 2021

The economies of Central and Eastern Europe (CEE) are bouncing back from the pandemic recession but this will also stimulate inflation, posing a dilemma for central banks.

Central European monetary policymakers set to raise rates this week

bne IntelliNews June 21, 2021

Hungarian and Czech central banks could be first in EU to raise rates despite ongoing pandemic.

Southeast Europeans most likely in EU to believe corruption is getting worse

bne IntelliNews June 16, 2021

Transparency International survey shows citizens of Slovenia and Bulgaria were most likely to think their government was run by a few big interests looking out for themselves.

Hungary’s most powerful oligarch says he is just a lightning rod for attacks on Orban

bne IntelliNews June 14, 2021

Hungary’s opposition is putting Meszaros at the centre of its campaign in what promises to be the closest elections since 2002.

ING: So what is a greenium and how do we get to it?

bne IntelliNews June 11, 2021

The existence of a "greenium" is mostly justified by higher demand for green bonds. We estimate the greenium for each curve separately, ensuring it is not polluted by other factors such as sector or maturity.

COMMENT: Time to end Putin's impunity

Jeff Lovitt and Jan Piekło June 10, 2021

The price faced by Russia for aggression must be too high for the Kremlin to countenance, and this is the message that Biden should deliver to Putin – and act upon.

Hungary’s central bank looks ready to start monetary tightening after CPI remains stubbornly over 5%

bne IntelliNews June 10, 2021

Rate rises could even begin this month, bank governor says, after MNB raises its forecast for average annual inflation to 3.8-3.9%.

COMMENT: CEE national recovery and resilience plans – the focus, the gaps and what comes next

Otilia Dhand of Teneo June 10, 2021

Most CEE governments submitted their national plans after the deadline and two (Bulgaria and Estonia) are yet to finalise them.

bneGREEN: IEA calls for $1 trillion of annual investment into clean energy in developing economies

Richard Lockhart in Edinburgh June 9, 2021

Private finance is crucial if emerging economies are not to be left behind in the race to net zero, the IEA warns.

ING: The corporate premium in green finance

Padhraic Garvey is ING’s Regional Head of Research in New York, Benjamin Schroeder is a senior rates strategist at ING in Amsterdam June 9, 2021

There is a cost saving to issuing Green. It varies according to circumstances, but the baseline assumption now is for green yields to be below vanilla ones; not by much, but it's persistent enough.

No football frenzy in Emerging Europe's Euro 2020 host cities

bne IntelliNews June 8, 2021

Host cites to raise their profiles just as international travel starts to revive, but little hope of the usual tourism and consumer spending bonanza.

ING: Hungary seems all set for a record year in 2021

Peter Virovacz is a Senior Economist with ING in Hungary June 6, 2021

The Statistical Office has revised up the first-quarter GDP growth for Hungary to 2.0% quarter on quarter. The strong start and details suggest we are likely to see the economy growing by around 7.4% this year.

bneGREEN: European Commission provides €1bn funding boost for 72 Green Deal research projects

Richard June 6, 2021

The European Commission has selected 72 research and innovation projects that will receive €1bn in funding to support the aims of the Green Deal.

Central Europe set for interest rate hikes, predicts Capital Economics

bne IntelliNews June 3, 2021

Central Europe is facing a prolonged period of higher inflation that is likely to lead to significant interest rate hikes.

bneGREEN: Surging iron prices are driving up carbon costs for the producers

bne IntelliNews June 3, 2021

Iron prices have surged to nine-year highs in the post-COVID commodities boom that got underway at the end of last year, but that is now pushing up the cost of carbon for producers and eating into their profits.

Budapest district mayor renames streets after Dalai Lama and Uighur martyrs in protest against China’s Fudan University

bne IntelliNews June 3, 2021

Opposition attacks €1.5bn cost of Communist Chinese university, as well as way it will take land away from planned Student City.

China's CMC inaugurates CEE’s largest solar park in southwest Hungary

Tamas Szilagyi in Budapest May 28, 2021

Solar energy capacity in Hungary has quadrupled between 2015 and 2020 and is set to increase to 6,000Mw by 2030.

bneGREEN: GECF rejects IEA call to end upstream investment

bne IntelliNews May 23, 2021

The Gas Exporting Countries Forum (GECF) has rejected the findings of the IEA report released last week, instead projecting that gas will increase its share in the global energy mix to 28% from 23% today.

bneGREEN: The EU’s Green Deal: Putting a carbon price on imports

Richard Lockhart in Edinburgh May 22, 2021

The EU’s journey to net zero threatens a carbon price war with its trading partners

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