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Viktor Orban
Soros University Leaves Budapest in Favor of Vienna
In Hungary, the Central European University (CEU) has faced massive hostility. As a consequence, the location will be relocated to Vienna. Michael Ignatieff, the rector of CEU, announced this week in Budapest that the university is finally moving: "This is a dark day for freedom in Hungary, and it's a dark day for academic freedom." In Vienna, negotiations are still underway on a suitable building for interim use from 2019. By 2023, the university is to move permanently to the grounds of the Otto Wagner Hospital.
December 6, 2018
Setback for the UN - Austria Won't Sign Global Migration Pact
Austria will follow the US and Hungary in backing out of a United Nations pact on migration (Global Compact for Safe, Orderly and Regular Migration) over concerns that it will blur the line between illegal and legal migration.
October 31, 2018
The Hungarian Foreign Minister's Alleged Evidence of the Existence of the Soros Plan
The ridiculous discussion about the wave of European immigration allegedly steered by the Soros plan is widening as a result of a letter of evidence from the Hungarian Foreign Minister.
May 11, 2018
Soros's Central European University is to Remain in Budapest
The Central European University (CEU) donated by US billionaire George Soros does not plan to move to Berlin or Vienna, but expects the Hungarian government to sign the agreement with the State of New York as soon as possible so that the CEU can remain in Budapest.
April 20, 2018 · Updated: April 20, 2018; 19:10
Erste Group Seales Agreement to Sale 15 Percent of Hungarian Unit
Erste Group has invited the Government of Hungary and the EBRD to invest in Erste Bank Hungary Zrt. by acquiring a minority stake of up to 15 per cent each. Negotiations are in progress and the completion of the transaction is expected within the next six months.
February 9, 2015
Austrian Prinzhorn Holding to Invest Massively in Hungary
Prinzhorn Holding will build its own power plant in Hungary to supply its paper factory in Dunaujvaros.
May 21, 2014
Calls for European Energy Union Become Louder
Polish PM Tusk called for a European energy union. His Hungarian counterpart supports the idea.
May 9, 2014
Hungarian Electorial Law Supports Major Parties
Orban is the clear winner of the parliamentary elections in Hungary. He stressed that there are no more conflicts with the EU than any other member state had.
April 7, 2014
Hungary: Clear Victory for Orban
Today, Hungary has held parliamentary elections. Despite controversial and radical reforms, Prime Minister Orban was confirmed.
April 6, 2014
Hungary: Orban Faces Re-Election
Tomorrow, Sunday, Hungary holds national elections. Despite the difficult economic frame conditions in Hungary, the centre-right government is expected to be confirmed for the next four years.
April 5, 2014
Hungary: Fidesz Considered Winners of Elections
The governing party Fidesz under Prime Minister Viktor Orban is expected to become the clear winner of the parliamentary elections on Sunday.
April 3, 2014
Hungary: OTP Approaches Acquisition of MKB
MKB, the Hungarian loss-making affiliate of German regional lender BayernLB, is approaching its acquisition by the biggest lender OTP.
April 3, 2014
Hungarian Recovery Remains Shaky
Last year, Hungary´s government successfully managed the economic turnaround. Nevertheless, Hungary´s growth remains artificial.
March 31, 2014
Hungary: Orban Striving to Become PM Again
In an attempt to gain another four years as head of the government Hungarian Prime Minister Viktor Orban praises the country’s achievements in the past years since his Fidesz party came into power.
March 26, 2014
Hungary: Jurisdiction Affects FX Loans and Banks
Hungary’s constitutional court will exert influence on FX loans.
March 18, 2014
Hungary: Customers Fleeced by Banks
For the first time in three years Hungarian commercial banks have returned to profitability. However, extra cost, caused by political circumstances, was passed on to clients.
February 26, 2014
CEE: Still Growth Market in Real Estate Sector
The region is still a growth market in the real estate sector even after the crisis. However, the legal situation in some CEE countries can be a pitfall to real estate companies.
February 10, 2014
Hungary: Why Orban Faces Another Victory
At the beginning of April, Hungary will hold elections. Despite a high level of dissatisfaction and political frustration, there will be no government change.
February 7, 2014 · Updated: February 7, 2014; 17:59
Hungarian National Bank: Market Manipulation Caused Fall in Forint
Hungary´s currency is under pressure again. In the last few weeks, the Forint has fallen substantially against the euro.
February 5, 2014
Roubini: Hungary in Difficulties
A number of emerging countries are facing enormous problems, according to economist Nouriel Roubini. Also countries in Central, Eastern and Southeastern Europe are affected.
February 5, 2014
„Hungary and Austria Must not Become Enemies“
Ewald Nowotny, governor of the Austrian National Bank (OeNB) wants a solution between the Hungarian government and the Austrian banking sector.
February 4, 2014
Hungary: Next Currency Crisis Ahead
The extremely loose monetary policy begins to become a problem for Hungary. The forint exchange rate is going up considerably.
February 1, 2014
KBC Does Not Leave Hungary
The Belgian lender rejected rumors saying that the Hungarian unit may be sold. Not only KBC faces enormous difficulties in Hungary.
February 1, 2014
Hungary: Stable Economy, Weak Currency
According to Prime Minister Orban the volatility of the Hungarian Forint is based on global factors.
January 31, 2014
OECD Shows Great Concern over Hungarian Economy
According to the OECD, the country’s recovery from recession will be weak in 2014 and 2015
January 27, 2014
Erste to Maintain Business in Hungary
According to CEO of Erste Group’s Hungarian affiliate, the bank will remain in the country to expand business activity.
January 21, 2014
„Hungarian Economy Must be Rearranged“
István Töröcskei thinks that the Hungarian banking sector is highly interesting. In general, the financial sector must help to develop the Hungarian economy, Töröcskei argues.
January 18, 2014
RBI: No Withdrawal from Hungary
Due to massive losses, the second-largest lender in CESEE was said to leave the difficult Hungarian market. RBI denies such reports.
January 8, 2014
Hungary Amending Figures of Budget Deficit
Hungarian Finance and Economy Minister Mihaly Varga announced that the budget deficit of 2013 will be below the target after it was lowered dramatically.
January 8, 2014
First Offer for RBI´s Hungarian Subsidiary
The partly nationalized Hungarian lender Szechenyi Bank is interested in the Hungarian subsidiaries of the Austrian banks Erste Group and Raiffeisen Bank International.
January 6, 2014
Hungary: Good News for Banks in Forex Proceedings
Banks operating in Hungary can feel relieved by the Supreme Court’s judgement.
December 16, 2013
MNB Replaces Hungarian Banking Industry
In order to push economic growth rates, Hungary´s National Bank continues to support the subsidized loan program. The support should help to boost the construction of real estate.
December 14, 2013
Hungary: Stable Outlook Yet Still Junk Status
In spite of Matolcsy, governor of the Hungarian National Bank (MNB), demanding a better rating for the country’s credibility, the major rating agencies have not raised them.
December 12, 2013
Major Changes in Hungarian Banking Industry Ahead
The Hungarian government comes closer to its objective. Foreign banks are leaving the country step by step.
December 7, 2013
Hungary: Monetary Policy Eases Further
Today, Hungary´s National Bank (MNB) has cut the two-week deposit rate to 3.2% from 3.4%. The government is optimistic that the monetary easing will help Hungary´s economy.
November 26, 2013
Hungary. Forex Loans Probed by Supreme Court
Due to the upcoming elections in 2014, Hungary´s government puts pressure on the Supreme Court.
November 25, 2013
Raiffeisen Bank International: Sale of Hungarian Affiliate No Taboo Anymore
As reported by Vindobona, Vienna-listed RBI is examining offers for the Hungarian subsidiary. For RBI, Hungary is the biggest loss-maker.
November 20, 2013
Hungary: Orban Underlines National Sovereignty
On the occasion of Hungary´s national holiday, Prime Minister Viktor Orban stressed the importance of values. The high public debt limits Hungary´s effective sovereignty, however.
October 24, 2013
FX Loans: ECB Warns Hungary
ECB´s governor Mario Draghi warns Hungary. The conversion of foreign currency loans may sharpen the credit crunch.
October 14, 2013
Further Nationalizations in Hungary?
In order to acquire further foreign-owned bank and energy companies, Hungary issues new sovereign bonds.
September 23, 2013
Hungary: Orban Forecasts Growth of 2 Percent
Hungarian Prime Minister Viktor Orban forecasts economic growth of 2 percent next year as the country has managed to surpass several difficulties.
September 18, 2013
Hungarian National Bank to Use Foreign Currency Reserves
In order to support Hungarian homeowners, MNB (Hungarian National Bank) sells a part of its forex-reserves.
September 15, 2013
Orban on Foreign Banks: „Colonization is Over“
Hungary´s Prime Minister Viktor Orban emphasizes that foreign banks have to pay for foreign exchange loans.
September 9, 2013
Hungary: New Threats for Foreign Banks
Hungary´s government is determined to convert foreign exchange loans at the expense of banks again.
September 6, 2013
Hungary to Pay Back IMF Credit
A year earlier than necessary € 2.15bn go back to the International Monetary Fund (IMF).
August 14, 2013
Hungary: Land Reform Evokes Conflict
“Hungarian soil belongs to Hungarian people“. This is the maxim of national-conservative ruling party of Prime Minister Viktor Orban.
August 8, 2013
Orban: Not Joining Eurozone in the Next Ten Years
Hungary´s Prime Minister thinks that his country should not become a member of the euro area in the medium term.
July 23, 2013
Hungary Plans New Burden for Banks
Hungarian households are still over-indebted. Prime Minister Viktor Orban aims to help them on the expense of the banking sector.
July 23, 2013
IMF to Leave Hungary
Hungary´s National Bank MNB has called the IMF to close its representative office. Hungary wants to repay the loan facility provided by the IMF soon.
July 16, 2013
Orban Accuses European Union of “Soviet-style Methods”
Hungarian Prime Minister Viktor Orban criticized the “troops of bureaucrats" who were unable to solve the economic crisis in Europe and who were now trying to denounce Hungary, which was on the road to recovery again.
July 5, 2013
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