The National Bank of Hungary (MNB) ordered CIG Pannónia Első Magyar Általános Biztosító (CIG EMABIT), a unit of life insurer CIG Pannónia Életbiztosító, to prepare a recovery plan, setting a deadline of two months, CIG Pannónia Életbiztosító said, state news wire MTI reports.

Farmland prices continued to rise in 2018, increasing by an average of 11%, with the pace of price increases accelerating from 5.6% in 2017, a summary of data published by the Central Statistical Office (KSH) shows, state news wire MTI reports.

The total number of ride and attraction uses at Debrecen Amusement Park exceeded 186,000 between mid-March and early November 2019, meaning that the park has concluded its most successful season of the past decade, according to a press release sent to the Budapest Business Journal.

Upgrades costing several million euros are planned at Budapestʼs West End shopping center over the next three years, owner West End Magyarorszag told Hungarian news agency MTI.

The Bank Board of the Czech National Bank (CNB) decided to keep interest rates unchanged at its latest meeting. The two-week repo rate thus remains at 2%, the discount rate at 1% and the Lombard rate at 3%. Five members voted in favour of the decision, while two others voted for increasing rates by 25 basis points.

The National Bank of Serbia lowered its key policy rate by 25 basis points to a record-low of 2.25% at its most recent meeting, surprising markets who expected no changes. 

Prime Minister Viktor Orbán said farm and cohesion policies need to be maintained in the 2021-2027 European Union budget and urged an end to the rebate system in a weekly interview on public radio.

The European Aviation Safety Agency (EASA) will open a contact office in Hungary under an agreement signed by Minister of Innovation and Technology László Palkovics and EASA managing director Patrick Ky, state news wire MTI reports.

The European Bank for Reconstruction and Development (EBRD) has announced that it has signed a EUR 30 million agreement with Albania’s Union Bank to risk-share lending to local businesses.

Domestic demand for goose meat concentrates around St. Martin’s Day (today) and Christmas in Hungary, according to a report by hellovidek.hu.

BC Partners-owned United Group, a Dutch-based telecommunications and media company operating in southeast Europe, has agreed to acquire Vivacom, the largest telecoms operator in Bulgaria, Vivacom has announced.

Gyula Horváth, founder and CEO of space tech firm C3S Elektronikai Fejlesztő Kft. has won the grand prize at the Hungarian round of the EY "Entrepreneur of the Year" awards, meaning that he will represent Hungary at the global version of the event in Monaco, according to a press release sent to the Budapest Business Journal.

Poles and Czechs are more satisfied with their lives than the average EU citizen, a new poll released by Eurostat suggests. Hungarians are below the average, however.

The third-quarter net income of Hungarian pharmaceutical company Gedeon Richter jumped 151% year-on-year to HUF 22.2 billion, boosted by higher revenue and a big financial gain, an earnings report released late Thursday shows, according to state news wire MTI.

Google plans to invest more and expand its presence in Romania, by opening a new center in Bucharest after it recently acquired Fitbit, the Romania Journal reports.

Consumer prices were 2.9% higher on average in October 2019 than in the same month of 2018, with significant price rises measured for alcoholic beverages, tobacco, and food over the last year, the Central Statistical Office (KSH) reports.

American e-commerce giant Amazon has officially opened a new logistics center in southwestern Poland, Polish Radio says, citing a report by the Polish Press Agency (PAP).

Third-quarter consolidated after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 53% year-on-year to HUF 131.6 billion, lifted by acquisitions and stronger business activity, an earnings report released early Friday shows, state news wire MTI reports.

The volume of industrial output grew by 11.1% year-on-year in September 2019, according to a first estimate by the Central Statistical Office (KSH).

Romania’s central bank left its key interest rate unchanged, as had been predicted by market analysts. The National Bank of Romania (BNR) decide to keep the monetary policy rate at 2.5%, the bank said in a statement on on Wednesday.