This increases the production of electric propulsion modules, the so-called EDMs which are already made in France and Indiana. The production of hybrid components will increase in Mirafiori in 2024
Novak, close to Prime Minister Orban, gives in to pressure from the opposition and the population after pardoning a man convicted of sexual crimes against minors. Former justice minister Judit Varga, the leading candidate in the European elections, is also gone
No to the European semester led by Hungary or Poland: this is what a motion approved by the European Parliament is asking for with Lega and FdI voting against
Budapest has obtained from Russia to import gas on favorable terms and to restructure the Paks nuclear power plant. Pressing EU
Budapest's no has slowed down the project for the minimum tax on the profits of multinationals, but Italy, France, Germany, Holland and Spain will go ahead anyway
The low-cost airline allegedly passed on the cost of the special tax imposed by the Hungarian government in May to fill the budget gaps on passengers
The EU energy ministers will discuss it at the extraordinary council on 26 July - The principle underlying the plan is solidarity, but Hungary has already called itself out
Sanctions against Budapest and Warsaw could only be launched after approval by European judges - But the two countries continue to argue that rule of law concerns are really just a political attack
Warsaw and Budapest will risk losing subsidies equal to 3% of their GDP if they continue to block the approval of the European budget and the Recovery Fund
On October 24, 64 years ago, Soviet troops began maneuvers against Hungary, which was thrilled with freedom and reform under the gloomy cloak of Stalinism - Together with the Khrushchev report, the Hungarian facts proved to be decisive…
It's time for Europe to wake up - The Coronavirus health emergency was only the pretext but the anti-democratic leap by Orban and Poland had been planned for some time and calls for a strong response from the European Union, starting from…
Two reforms that undermine the rule of law were approved in a few weeks in Hungary - Europe is silent, but citizens take to the streets against the "law of slavery" which increases overtime hours from 250 to 400…
Despite the recent pronouncement of the majority of the European Parliament against Hungary's violations of the rule of law, it will be very difficult to impose sanctions on Orban because it is enough for a country to oppose it to prevent them and Budapest has a…
With 448 votes in favor, 197 against and 48 abstentions, the Strasbourg plenary approved the opening of the procedure in favor of the rule of law - Government leaders have the task of establishing or not sanctions - Shortly before…
From the "Current Report on Emerging Markets" by Raiffeisen Capital Management - The asset management company, which is part of the main Austrian banking group, provided insights on India, Poland, the Czech Republic and Hungary (the CE3).
The judges of the EU Court of Justice reject the request for annulment of the quota system presented by the governments of Budapest and Bratislava - The mechanism "helps to help the countries, especially Italy and Greece, most crowded by the waves…
Despite some steering problems, Vettel wins at the Hungaroring circuit, near Budapest, dominating the GP from start to finish - According to Kimi Raikkonen - Third Bottas, who in the final meters saw the position returned by Lewis Hamilton (fourth) …
Prime Minister Viktor Orban says that "Renzi has every reason to be nervous", but the Italian premier insists: "Either Hungary respects the pacts on migrants, or we will veto the EU budget"
Harsh warning from Economy Minister Pier Carlo Padoan to the European Commission on the economic maneuver in function of greater spending margins for the management of migrants: 'If you reject our maneuver, it would be the end of Europe itself'.
Invalid consultation: turnout stops at 43%, well below the quorum required by the Hungarian Constitution - But 98% of those who went to vote spoke out against the EU quotas and Orbàn reiterates that "the Union…
According to EC, IMF and Intesa Sanpaolo data, in 2015 Hungary's GDP grew by 2,9% thanks to domestic demand and exports. Growth of 2,0% is expected for this year, but the weak point remains the external debt above…
Despite the slowdown in the cyclical phase, local industry dominated by vehicles and machinery is confirmed as a great catalyst for FDI (71,7% of GDP). The math looks good: deficit at 2%, current balance at +4% and debt down to 73% for…
Another referendum that could have serious repercussions on the European Union - The referendum will be held on 2 October through which Hungarian citizens will have to accept or reject the distribution of quotas of refugees and migrants decided by the EU.
The Commission denies the news released by the German Interior Minister according to which countries that refuse refugee quotas will see their structural funds cut - Budapest towards the construction of a new wall.
Today the Magyar police closed the Ostbahnhof station, the main one in Budapest, due to the riots caused by thousands of immigrants who would like to leave immediately to reach Germany and Austria - The Deputy Prime Minister: "Merkel's fault".
The chancellor after the events in Heidenau: the immigration emergency must be tackled "all together" and that there will be "zero tolerance" for anyone who denies human dignity to migrants - Meanwhile, the Hungarian government is thinking of using the army to protect the …
Hungary takes a step back on the decision to suspend the Dublin III agreements on asylum seekers after the intervention of Austria and the European Union. Matteo Renzi spoke on the immigration issue this morning and declared that "the left must not…
Hungary has decided to erect a barrier on its borders with Serbia to block the arrival of illegal immigrants. A wall 4 meters high and 175 km long which, according to Premier Viktor Orban, represents the only solution to the immigration problem
INTESA SANPAOLO REPORT - In Eastern European countries, the data from Romania stand out positively, those from Serbia have a negative impact - The Russian-Ukrainian situation weighs heavily, but the Russian economy is growing despite forecasts - In Egypt, the data on production is excellent…
In the short term, the quality of the loan portfolio of credit institutions will record a further deterioration, with loans to the private sector decreasing due to the lower foreign currency component for businesses and households.
Brussels Denounces Hungary's New Media Tax as a Threat to Press Freedom
The architecture of the economic and institutional system has various weaknesses: external debt, public debt and a significant financial requirement are the main factors which still penalize the country's competitiveness.
All that is missing is the official proclamation, but Hungary has now chosen to confirm its government - For the leader of the anti-European right, Orbàn, it is a dramatic victory: the conservatives of the Fidesz party, according to now consolidated projections, would…
On Sunday in Budapest and its surroundings the polls return and the governing party Fidesz (Hungarian Civic Union), led by the outgoing prime minister, still appears as the clear favorite - However, Jobbik, an even more extremist and anti-European movement, is on the rise - Orbàn…
For Suma Chackrabarti, president of the EBRD, the Eastern countries are safe - Investors are betting on the recovery of the West, which will return to buying goods produced by Eastern Europe, driven by exports - Doubts about the ability of these economies to hold the capitals:…
Not only are the effects of the European economy and the drop in domestic demand weighing on the Hungarian recession, but also the vulnerabilities of a banking system that is too concentrated and characterized by weak portfolio quality.
Julia Kiraly said she wants to leave her office because she considers the new changes introduced by the new leadership close to the Prime Minister, Viktor Orban, "harmful". Kiraly was the last remaining member of the monetary council (decision making body of the Mnb Institute) that she did not…
The agreement with Magnet Bank for the sale of Banco Popolare Hungary provides for a consideration of 0,5 million euro - Banco Popolare will now be able to focus its attention on the banking business in Italy.
In the last six years, the specialization strategy of Hungarian companies has not only been able to attract investments equal to 60% of GDP, but also to increase Hungarian FDI by almost 50%. The oil group stands out…
A UNICREDIT study shows how Euroscepticism is growing in the East - Only Poland, the largest country in Eastern Europe, seems to be moving against the trend, supported by the excellent economic performance recorded in recent years which continues to generate…
According to the Budapest statistics office, inflation was 0,1 percent in August, mainly driven by the increase in fuel prices.
Forced to resign the Hungarian Head of State: the Academic Senate of the Semmelweis University publicly acknowledges that the thesis of the former fencing Olympian was "80% the result of a copy and paste".
The Hungarian economy is in recession, public finances are deteriorating and the production structure is in serious difficulty. The Government will have to decide whether or not to accept the joint intervention of the IMF and the EU
Today in Brussels the Eurozone finance ministers will approve the disbursement of another 94 billion euros in favor of Athens - Also on the agenda is the increase in resources for the Eurozone bailout funds (EFSF and ESM) and the dossier on…
Willibald Cernko, managing director of Bank Austria, in an interview with the Wirtschaftsblatt announced a new 100 million write-down on Greek debt in the 2011 results, which however will close in profit - "Positive signals" for 2012 -…
After the tormenting days of last week, in which the share had touched 2 euros, the share of Piazza Cordusio continues to rise - This morning Unicredit has reached over 5%, leading the shares of the Ftse Mib.
The Treasury of Budapest places 44 billion of government bonds and the yield on ten-year bonds falls below 10% - But the Hungarians continue to wonder if they will not be in the next eye of the storm of the crisis…
The stock, after a promising opening, reversed its trend, losing almost 12% at the end of the morning - capital increase, sovereign risk and Hungarian effect weigh heavily
The Orbàn government is plunging Budapest into bankruptcy and dictatorship forcing the European Union to respond harshly - The attack on the independence of the Central Bank is accused but also the coup against freedom of the press and the purge of inconvenient magistrates -…
The distrust of the markets puts Italy under fire again: spreads and rates fly by, Unicredit plummets and overwhelms banks and the stock exchange - All of Europe suffers: Hungary on the brink of the abyss and Greece one step away from default - In difficulty even…
Our premier runs to Brussels and today meets Sarkozy after a day full of tensions: Greece fears a default by March, Spanish banks need 50 billion to recapitalize, rising rates and demand in the French auction…
The Magyar country managed to place only 35 of the planned 45 billion forints: rates soared from 7,91% in December to 9,96%
There were many astonished reactions from Hungarian analysts and politicians, not so much on the downgrading, widely expected in itself, but rather on the "timing" of the judgement.
Hungary is going through a critical phase in terms of economic and monetary fundamentals which is reflected in a downgrade by Moody's.
Hungary asks for funds, but Brussels is not alarmed: "We are still in a preliminary phase" - The EU asks for guarantees for the sixth tranche of aid to Greece - Bilateral meeting tonight between the president of the European Commission and the Swedish premier…
The Monetary Fund has received a request for financial assistance from the Budapest authorities: "This is a precautionary measure" - Thursday's 9-year government bond auction saw yields jump almost XNUMX% and…
These countries saw their assets soar on Friday. The European debt crisis and this week's strong US growth data have buoyed markets as currencies, from the Korean won to the ruble…
The Swiss National Bank has decided to implement a further injection of liquidity into the markets to curb the excessive appreciation of the currency. But the markets didn't take the news as well as hoped and the franc continues to strengthen.
A public debt largely denominated in Swiss francs. Local governments deeply indebted, with 20% of their debt in foreign currency. The franc that continues to appreciate. But the authorities don't seem to find an agreement. The…
