CentralEurope

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

5 days 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

2 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

3 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.