Morning five: IMF, autos, digital skills and EU security

The IMF and World Bank Annual Meetings open in Bangkok. The official programme runs from 12 to 18 October and centres on global growth, financial stability and Asia's long-term transformation, all relevant to Hungarian exports and the forint.

Volkswagen builds its European plan around four urban EVs. Four models, three brands and one shared technology base matter to Hungarian supply chains, but no new production assignment for Hungary has been announced.

EU Code Week aligns digital skills with the AI era. Hungarian schools and communities can join the open initiative, while the launch is neither a new compulsory curriculum nor an automatic funding decision.

EU foreign ministers discuss escalating hybrid threats. The Luxembourg agenda also covers Ukraine, the Middle East, enlargement's security impact and Georgia; results can be assessed after the afternoon briefing.

Domestic sovereign securities equal 17% of Hungarian bank assets. Our analysis explains the link between banks, state financing and interest-rate risk, providing a Hungarian balance-sheet context for the morning's global financial agenda.