CentralEurope

Hungary's Orban Wields Economic Control: Investors Cautiously Eye Future

1 day ago

In a surprising turn of events, Hungary's Prime Minister Viktor Orban has once again sparked concern among investors by implementing a series of micromanagement strategies aimed at controlling the nation's economy more tightly. These moves, viewed by many as political maneuvers rather than economic wisdom, have led to a palpable sense of unease within financial markets, raising questions about the future direction of Hungary’s economic policies.

Slovakia Embraces Eurobond Surge Despite Political Chaos

1 month ago

In a strategic move amid turbulent political circumstances, Slovakia has made a significant leap into the “eurobond” market, joining other nations in a trend that is rapidly gaining momentum across Europe. This development reflects not only a serious response to rising financial challenges but also signals an essential step towards economic resilience in the face of potential instability.

Kretinsky’s EPH Acquires Enel’s Stake in Slovakia’s Leading Power Utility

4 months ago

In a significant move within the European energy market, Czech billionaire Daniel Kretinsky's energy group, Energeticky a Prumyslovy Holding (EPH), has reached an agreement to purchase Enel SpA's stake in Slovakia's largest utility, Slovenske Elektrarne. This acquisition is pivotal not only for Kretinsky's business interests but also for the evolving landscape of energy production in the region.

Hungary's Economy Faces Sharp Decline: Recession Triggered by Manufacturing Sector Struggles

5 months ago

In a troubling economic development, Hungary has officially entered a recession, primarily driven by significant downturns in the manufacturing and industrial sectors. The nation's economy has contracted for two successive quarters, marking a stark shift from its previous growth trajectory. Analysts and officials express concerns over the implications of this economic slide, particularly as global markets face their own uncertainties.

Unexpected Growth in Hungary's Retail Sector Eases Fears of Impending Recession

6 months ago

Hungary's retail trade sector has surprised analysts and economists alike, showing a surge that has alleviated persistent fears of a looming recession. Recent data reveals an unexpected boost in consumer spending, which has risen beyond previous projections and market expectations. This positive development provides a glimmer of hope amidst a backdrop of broader economic challenges plaguing Europe.