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Today: March 18, 2025
Today: March 18, 2025
Gergely Szakacs

Gergely Szakacs

Staff Writer

Latest From Gergely Szakacs

Economy|Europe|Food|Political

Hungary's Orban launches food price controls as inflation rebounds

Food price controls launched by Prime Minister Viktor Orban went into effect in Hungary on Monday after inflation hit the highest level in

Hungary's Orban launches food price controls as inflation rebounds
Business|Economy|Europe|Finance

No stability risk from investor-fuelled Hungarian house price surge, central bank says

A surge in Hungarian house prices is driven by investors rather than borrowers and is therefore less risky to financial stability, the central bank told Reuters

Business|Economy|Europe|Political

Central Europe's economies should reform to respond to slowing trade growth, IMF says

Central Europe's export-dependent economies face risks from slowing world trade growth, which could be mitigated with reforms and the removal of remaining trade

Central Europe's economies should reform to respond to slowing trade growth, IMF says
Business|Economy|Europe|Political|US

US tariffs will likely dent growth prospects in Central Europe, S&P Global says

U.S.

US tariffs will likely dent growth prospects in Central Europe, S&P Global says
Economy|Election|Europe|Finance|Political

Romania's budget cuts spark backlash ahead of sensitive election

Government cost cuts to curb Romania's chronic budget deficit and avert a ratings downgrade are causing a social backlash that

Romania's budget cuts spark backlash ahead of sensitive election
Economy|Europe|Finance|Political

Hungary ruling party to tap former rate-setter Mager as central banker -sources

Hungarian Prime Minister Viktor Orban's ruling Fidesz party will nominate former rate-setter Andrea Mager to succeed outgoing policy maker Gyula Pleschinger

Hungary ruling party to tap former rate-setter Mager as central banker -sources
Economy|Election|Europe|Political

Hungary's shaky economy disrupts Orban's re-election playbook

Hungarian Prime Minister Viktor Orban's hopes that a strong economy will propel his Fidesz party to another election victory in 2026 are being challenged by a

Hungary's shaky economy disrupts Orban's re-election playbook
Economy|Finance|US

Analysis-Central Europe's rate-setters have pause for thought

With steep falls in inflation over and the timing of the first Federal Reserve rate cut pushed back by strong U.S. data, a period of

Election|Europe|News|Political

'Get your hat and leave,' Hungary's Orban tells EU top officials

The European Union's top officials must be replaced as they do not deserve another chance after the impending European Parliament elections,

'Get your hat and leave,' Hungary's Orban tells EU top officials
News

Hungary's anti-fraud body calls for extended powers to monitor EU funds

Hungary's Integrity Authority, an anti-fraud body tasked with overseeing European Union funds, lacks the proper investigative authority to expose possible

Hungary's anti-fraud body calls for extended powers to monitor EU funds
Election|Europe|News|World

EU's eastern members see strong performances by centrist parties

Pro-European centrist parties performed well overall in central and eastern Europe during the European Parliament elections on Sunday, partial

EU's eastern members see strong performances by centrist parties
Election

Orban challenger makes final push ahead of Sunday's EU vote

Hungarian opposition leader Peter Magyar called on Saturday on tens of thousands of supporters to back his party at Sunday's European

Orban challenger makes final push ahead of Sunday's EU vote
Business|Economy|Europe|Finance

EU-beating wage gains unnerve central Europe's rate-setters

Double-digit wage rises far outpacing average growth rates in the European Union have raised alarm among central Europe's monetary

EU-beating wage gains unnerve central Europe's rate-setters
Economy|Europe|Finance

Poland should set 'very high bar' for more fiscal loosening, IMF says

Poland should set a "very high bar" for more fiscal loosening given rising expenditure needs related to infrastructure, climate risks and security costs driven

Poland should set 'very high bar' for more fiscal loosening, IMF says
Crime|Europe|News|World

Two dead, five missing after boat collision on Danube in Hungary

Two people were killed and five others were missing after a small motor boat collided with a cruise ship on the Danube River north

Two dead, five missing after boat collision on Danube in Hungary
Economy|Europe

Hungary flags 2025 pre-election stimulus as economic recovery falters

Hungary's economic recovery from an inflation-led downturn will be weaker than hoped for, Economy Minister Marton Nagy said late on Thursday, flagging stimulus

Hungary flags 2025 pre-election stimulus as economic recovery falters
Economy|Europe|News

Slovakia offers solution to restore Russian oil flows through Ukraine

Slovakia said on Friday it had offered a technical solution to Ukraine to restore stopped Russian oil supplies to Slovak and Hungarian

Slovakia offers solution to restore Russian oil flows through Ukraine
Economy|Europe|News

Budapest district votes on banning short-term rentals

A Budapest district is holding a two-week referendum on a possible ban on short-term rentals, which would be the first of its kind in one of

Budapest district votes on banning short-term rentals
Economy|Europe

Hungary's Orban to overhaul cabinet with new central bank governor appointment

Hungarian Prime Minister Viktor Orban said on Sunday that a new ministry would take charge of the economy and state finances as he gears up

Hungary's Orban to overhaul cabinet with new central bank governor appointment
Europe|News|World

Extreme weather adds to fiscal strains in central Europe

Just a week ago, before deadly floods swept through central Europe, the Czech Republic looked on track to become the first

Extreme weather adds to fiscal strains in central Europe
Economy|Europe|News

Hungary's Orban aims to lift growth above 3% next year as 2026 vote looms

Hungary is aiming to lift economic growth into the 3% to 6% range next year, Prime Minister Viktor Orban said on Wednesday, as his cabinet

Hungary's Orban aims to lift growth above 3% next year as 2026 vote looms
Economy|Europe|News|World

EU headed for 'economic cold war' with China, Hungary's Orban says

Hungarian Prime Minister Viktor Orban warned on Friday that the European Union was headed for an "economic cold war" with China as the bloc's

EU headed for 'economic cold war' with China, Hungary's Orban says
Economy|Europe

Hungary has overcome inflation crisis, economy minister says

Data suggests Hungary has overcome its inflation crisis, its economy minister said on Wednesday, after the country posted the highest rate of price growth in the

Hungary has overcome inflation crisis, economy minister says
Europe|Finance|Political|World

Poland leads NATO on defence spend - but can it afford it?

Poland's NATO-leading surge in defence spending is raising budget concerns because it will bake in higher long-term expenditure on its military

Poland leads NATO on defence spend - but can it afford it?
Economy|Election|US|World

Trump win could be a double whammy for Hungary's economy

Donald Trump's victory may be a political boon for Hungarian leader Viktor Orban but on the economy, Trump is bad news for Hungary -

Trump win could be a double whammy for Hungary's economy

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