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Hungarian airline Malév gives up, flies no more

Hungary’s state-owned airline Malév has announced on Friday that as of 6.A.M. today its fights will not take off after 66 years of almost uninterrupted... 

Hungary forint firms through the roof - Too much maybe? - Portfolio.hu Fund Manager Survey

Hungary’s forint performed splendidly in January. In fact, it has never done better, and its outstanding appreciation most likely contributed... 

Hungary forint firms through the roof - Too much maybe? - Portfolio.hu Fund Manager Survey

Hungary’s forint performed splendidly in January. In fact, it has never done better, and its outstanding... 

ANALYST VIEW - Erste ups target price, keeps 'Buy' rating for Hungary's Richter

Erste has raised its target price for Richter, Hungary’s largest drugs producer, to HUF 45,650... 

ANALYST VIEW - Erste ups target price, keeps 'Hold' rating for Hungary's Magyar Telekom

Erste Bank has on Thursday confirmed its ‘Hold’ recommendation for Hungarian telecoms group... 

INSTANT VIEW - Hungary c.bank keeps key policy rate on hold at 7.00% (3)

(Adds new comments on page 3 and 4) Against the market’s call for a 50-bp hike, the Monetary Council... 

Hungary OTP becomes top pick of local fund managers

Stock markets had a great finish in January and the general index of the Budapest Stock Exchange (BSE)... 

How further could the forint depreciate? (x)

Portfolio.hu has always considered it one of its key missions to present how global economic events and... 

Hungary Richter to report massive profit decline for Q411 - Portfolio.hu Poll (adds consensus for Egis)

Richter Gedeon, Hungary’s leading drugs producer is expected to publish its fourth-quarter 2011... 

ANALYST VIEW - Erste ups target price, keeps 'Hold' rating for Hungary's Magyar Telekom

Erste Bank has on Thursday confirmed its ‘Hold’ recommendation for Hungarian telecoms group... 

Erste sees no bigger hit by Hungary FX loan scheme than expected

Erste Bank expects the hit from Hungary's move to let borrowers repay foreign-currency loans at below-market... 

EU blocks proposed merger between Deutsche Börse and NYSE Euronext - Door opens for Xetra in Budapest?

The European Commission has on Wednesday prohibited, on the basis of the EU Merger Regulation, the proposed... 

Hungary stops, Croatia continues probe of MOL chief Hernádi in graft case

Hungary’s Chief Prosecutor’s Office announced on Monday that it ended an investigation of... 

Hungary picks fourth mobile carrier

Three Hungarian companies and a consortium comprising three local enterprises have won frequency blocks... 

MetLife to buy Czech, Hungarian, Romanian operations of Aviva

MetLife, Inc. a leading global insurer, has agreed on Monday to acquire from Aviva plc its life insurance... 

AAA Auto CEO Denny ups stake in company

AAA Auto has announced that its chief executive officer, Anthony James Denny, purchased further stakes... 

Hungary OTP partially cancels EUR 125 m subordinated notes

OTP Bank, Hungary’s largest lender, has announced on Monday that it partially cancelled EUR 125... 

Raiffeisen will earn back losses on Hungarian FX debt fix scheme - CEO Stepic

Raiffeisen will earn back the losses suffered in Hungary over an assistance scheme for foreign currency... 
Markets (HU)

Weight of Hungary's OTP in BUX basket grows markedly as of October

The composition of the BUX basket of the Budapest Stock Exchange (BSE) will change as of 1 October. Rába... 

Yield drops at Hungary's 3-m T-bill tender

Hungary’s Government Debt Management Agency (ÁKK) has placed a HUF 30 billion lot of 3-month discount... 

Hungary budget may be at risk due to Malév collapse

The halting of Malév’s operations could have far-reaching consequences for the Hungarian budget.... 

Ryanair rushes to open Budapest base in void left by Malév mishap

Ryanair has announced on Friday that it will base four new Boeing 737-800 series aircraft at Budapest... 

ILFC to fly back Malév-leased aircraft to Irish base this afternoon - MTI

On early Friday afternoon International Lease Finance Corporation (ILFC) is to fly back nine aircraft... 

Wizz Air responds to Hungary Malév collapse with 66% capacity boost

No-frills airline Wizz Air plans a substantial 66% capacity boost in Hungary in 2012 as a response to... 

Travel Service not interested in taking over Hungary's Malév anymore

Travel Service is to launch scheduled flights from Budapest under Smartwings brand name, said Attila... 

ANALYST VIEW - Erste ups target price, keeps 'Buy' rating for Hungary's Richter

Erste has raised its target price for Richter, Hungary’s largest drugs producer, to HUF 45,650... 
News

Hungarian banks to lose EUR 717 m on FX loan fix scheme - Patai

According to the latest estimate, Hungarian commercial banks are facing losses of HUF 210 billion (EUR... 

Hungarian igm unit in EUR 2.9 million capacity boost programme

The Hungarian subsidiary of Austria’s igm, a manufacturer of robots especially developed for arc... 

Hungary Socialists overtake far-right Jobbik in popularity contest - poll

Hungary’s left-wing parties have gained some popularity, while far-right Jobbik has turned less... 

Hungary Malév gets state receiver

The Budapest Metropolitan Court has appointed a trustee in bankruptcy for financially strung national... 

Hungary prepares for possible stop of Malév flights

Hungary's government published decrees on Tuesday, earmarking HUF 2 billion as preparation for the possible... 

IMF does not propose Hungary to eliminate transport subsidies - Ivaschenko

The International Monetary Fund (IMF) is not urging Hungarian authorities to eliminate subsidies to transport... 

Hungary new car registrations grow substantially in January

Following a decline in December 2011, Hungary’s new passenger car registrations picked up again... 

IMF ties hands of Hungarian cabinet in rescuing BKV - official

While Hungary’s National Economy Ministry and the management of Budapest are all committed to rescuing... 

Picture of Hungary's foreign trade trend remains blurry (2)

(Adds details, charts) Hungary’s final trade figures for November 2011 published by the Central... 

Hungary manufacturing PMI picks up in January, but remains below 50 pts

Hungary's manufacturing purchasing manager index (PMI) rose to 49.8 points in January 2012 from 48.6... 

Are valuers leaders or followers? (x)

A date for your diary. On the afternoon of 16 February 2012, RICS Magyarország in cooperation with Portfolio... 

Bondualle to buy some assets of Hungarian cannery to step up Central European presence

Bonduelle plans to acquire some Kelet-Food assets, a Hungarian cannery having a production capacity of... 

Hungary Malév Chairman tries to dissuade fears of collapse

“We are flying and I hope we’ll be flying tomorrow too," János Berényi, Chairman of Hungary’s... 

Road usage fee for Budapest vehicle owners stands no chance of passage - mayor

There is a zero chance that a HUF 10,000 road usage fee will be slapped on every vehicle owner in the... 

Gun-toting man tries to rob uniformed policemen in Hungary - in the police station!

Stupidity (or desperation) knows no bounds, it seems. A young man walked into the police station in Hódmezővásárhely... 

Hungary lifts 3-m bill auction over healthy demand

Hungary’s Government Debt Management Agency (ÁKK) has received HUF 136.7 billion worth of bids... 

Hungary industrial PPI drops 0.5% m/m, rises 7.5% yr/yr in Dec11

Domestic sales prices of Hungary’s industry decreased by 0.3% month on month and grew by 7.4% year... 

Hungary unemployment picks up to 10.7% in Q4 2011 - stats

The number of employed people in Hungary was 3.851 million in the October-December period of 2011, some... 

EU spilled the beans? EUR 15 bn credit line may be in the making for Hungary

A presentation created by the European Commission and shown to investors last Wednesday indicates that... 

Hungarian airline Malév seen on the brink of collapse

Hungary’s state-owned airline Malév can run out of money in a matter of days, local news portal... 

EU will not start formal credit talks with Hungary until objected laws are changed - Andor

Ensuring the independence of the central bank (NBH) and guaranteeing the normal functioning of the judiciary... 

Default can be a natural result of a situation Hungary created for itself - Portfolio.hu Interview

The Hungarian government expects a tense first half due to the eurozone crisis, but believes recovery should start in the second half of the year and that... 

ING CEO sees tough challenges ahead, clouds with silver lining in CEE banking sector (Interview)

Although the mortgage prepayment plan is slowing Hungary’s economy down, the CEE region as a whole is still offering the best growth opportunities... 

Hungary MOL target price upped by Goldman Sachs

Goldman Sachs has raised its price target from HUF 19,200 to 21,500 on Hungarian energy group MOL stocks, with a neutral recommendation. Goldman's fair... 
 

Managing non-paying office tenants


Ákos Becher, partner, DLA Piper International Law Firm 
 
 

       

Current Rates
MOL19,980(2.4%) 
MTELEKOM547(0.2%) 
OTP4,110(-1.2%) 
RICHTER38,850(1.4%) 


       

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