Hungary’s disappearing inflation: more rate cuts to come
Inflation watching in Hungary is getting tiring on the eyes: following an unprecedented zero change in prices in January, annual inflation crept up by a whole 0.1 per cent in February, according to...
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Orban speaks: it’s more of the same for Hungary
Viktor Orban, Hungary’s populist prime minister, has promised a continuation of the policies enacted in the past four years if his Fidesz party wins the country’s general elections, set for April 6....
View ArticleHungary finds time for one last cut before the elections
Has the Great Magyar Rate-Cutting Cycle come to an end? To many, it looks that way, following the central bank’s decision on Tuesday to snip just 10 basis points off the base rate, to leave it at 2.6...
View ArticleHungary’s election: more Orbanomics
Will he, won’t he… get it? That was the question on Magyar political analysts’ lips on Monday – he being Viktor Orban, Hungary’s go-go, rapid-fire prime minister, “it” being the two-thirds...
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Hungary: flirting with deflation
It’s been hovering at or near zero for a good six months but in the cold light of day it’s still a bit difficult to take it in. Inflation in Hungary – which for two decades after the collapse of...
View ArticleHungary’s growth roars back
The Hungarian economic comeback really is underway – or so it would seem, given the release of first quarter preliminary figures from the statistical office, which put economic growth at 3.5 per cent,...
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Hungary’s budget Wizz Air plans IPO, expansion
Almost ten years to the day after its first flight, Wizz Air, a low-cost airline centered on central and eastern Europe (CEE), said on Thursday that it plans to raise €200m by listing on the London...
View ArticleHungary’s interest rates: the cuts go on
It goes on, and on… and on. Hungary’s central bank trimmed its base rate once again on Tuesday – this time by a third consecutive reduction of 10 basis points – to leave the key rate at 2.4 per cent....
View ArticleHungary’s new cabinet contains few surprises
Viktor Orbán, the Hungarian prime minister now beginning his second successive term in office, named his cabinet on Thursday with seven out of 10 ministers maintained in a government that is expected...
View ArticleHungary’s interest rate cuts: that’s it, for now
The National Bank of Hungary (MNB) surprised the markets on Tuesday by lopping 20 basis points off its policy interest rate to leave it at 2.1 per cent a year, a new record low. But Gyorgy Matolcsy,...
View ArticleHungary nationalises German-owned MKB bank
Hungary’s government said on Thursday it had agreed a deal to buy MKB, one of the country’s largest commercial banks with more than 80 branches, from BayernLB, its German owner. The state will pay €55m...
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Zagreb “enraged” by Hungary’s Mol
A long-running dispute between Croatia and Mol, the Hungarian oil and gas company, over control of Ina, Mol’s Croatian counterpart, has flared up again. Zagreb is seething over a statement issued by...
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Company resort makes its comeback at Hungary’s central bank
Under communism, it was the norm for state companies and institutions in central Europe to own holiday homes: come summer, reluctant and poorly paid comrade workers could enjoy the proletarian splash...
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Hungary’s growth: positive surprise
Hungary’s economy expanded by 3.9 per cent in the second quarter of 2014 compared with the same quarter last year, helped by strong performances in the manufacturing and construction sectors, according...
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Budapest airport throngs with festival campers
Airline passengers to Hungary, be warned: Budapest’s Liszt Ferenc International airport is having its Woodstock Week, with anything from 200 to 250 youths – with associated rucksacks, tents, sleeping...
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Czech micro brewer hops on to independent beer boom
Czechs are fiercely proud of their beer, and especially of the fast-growing range of varieties available from the explosion of independent craft and micro-breweries established in recent years in both...
View ArticleForint’s slide confounds Hungary’s positive economic data
It’s early days in 2015 but already there is positive news on Hungary, at least according to official government sources. Fresh jobs data reveal “the number of people in employment up by some 200,000...
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Mercedes builds on “trust” in Hungary
Mercedes-Benz launched production of its new compact CLA Shooting Brake at Kecskemét, central Hungary, on Tuesday, with Viktor Orbán, the prime minister, driving the first car off the assembly line...
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bb review: Hungarian Politics in 2014
Hungarian politics, like the Hungarian language, tends to be a mystery to outsiders at the best of times. The arrival of the second Fidesz government of Prime Minister Viktor Orban in 2010 added more...
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Hungary’s hauliers take the heat of quick decision making
Before Hungary’s general election last April, Viktor Orban, the prime minister, began to laud the advantages of a two-thirds “super majority” in parliament. It gave Hungary a big advantage over its...
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