WOOD Flash – Hungary macro: the unfolding mechanism of oversight from the EU
We are close to the end of a very important chapter for Hungary on the dispute with the EU on the state of the rule of law in Hungary. According to an article in German newspaper FAZ and recent public comments from senior EU officials, the Commission is not completely satisfied with the steps taken by Hungary so far. The probable recommendation that will be made by the Commission at the end of November and plausibly endorsed on 6 December at the EU Finance Ministers meeting will see the confirmation of the suspension of EU cohesion funds and the regular monitoring on the state of the rule of law linked to the disbursement of the recovery fund programme.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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