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Hungary c.bank says ends rate cut cycle (2)

(Adds more comments by central bankers) As the Hungarian central bank's (NBH) surprise move of a 20-basis-point rate cut suggested on Tuesday, this... 

Hungary EcoMin: FX loan conversion needs to be dealt with by year-end

Banks in Hungary will have to convert foreign currency-denominated loans into forints most probably at the end of the financial year on 31 December-1... 

INSTANT VIEW - Hungary's easing cycle comes to an end (2)

(Replaces flash comment by Capital Economics with update, adds comment by Erste) The National Bank of... 

Russia, Ukraine main headache for Hungary's Richter

As usual, Richter will be among the first listed companies to publish its quarterly earnings report... 

Hungary could risk HUF selloff with foreign currency loan conversion

Hungary could risk a selloff in its currency by converting its huge stock of Swiss franc and euro mortgages... 

Hungary c.bank close to the last stage of the "battle" - analysts

The National Bank of Hungary (NBH) will reduce its base rate by 10 basis points to 2.20% on Tuesday... 

Croatia to hold next round of talks with Hungary's MOL on INA on 25 July - minister

The next round of talks between the Croatian government and Hungarian fuels group MOL about Croatian... 

ANALYST VIEW - Citi upgrades Hungary's Magyar Telekom to 'Buy', ups TP

Seeing turnaround potential in several areas at Magyar Telekom, Citi has upgraded the Hungarian telco... 

Russia's Gazprom eyes INA stake of Hungarian MOL - paper

Russia’s power giant Gazprom intends to buy a majority stake in Croatian refiner INA, in which... 

4th July events leave Hungary FHB Bank fuming

FHB Bank, publicly traded at the Budapest Stock has issued a statement on Friday voicing constitutional... 

Fitch keeps rating for Hungary MOL at BBB-, sees glum outlook

Fitch Ratings has confirmed the long-term debt rating of Hungarian energy company MOL on Friday, slapping... 

British bidder to buy assets of Hévíz-Balaton Airport in SW Hungary

The assets of the Hévíz-Balaton Airport in Sármellék, western Hungary, could change hands for HUF 800... 

Could Hungary be a target for Poland-based Getin Bank?

Poland-based Getin Bank is planning on acquisitions in Central Eastern Europe, Reuters reported on Friday.... 

Hungary OTP to buy a bank in Romania? (2)

Talks between Hungary's OTP Bank and Portugal-based Millennium Bank regading the buyout of the latter's... 

Raiffeisen's 2014 profitability depends on Hungarian politics, CEO says

Raiffeisen Bank International will turn a profit unless it faces even greater losses in the Hungarian... 

How much FX debt aid in Hungary hurts: "Peinlich" news from Erste

The first stage of the foreign currency debt relief in Hungary will come at a cost of EUR 300 million... 

ANALYST VIEW: MOL worth less than tought before - Nomura

Nomura Securities has revised recommendations and fair price estimates for several other market players... 

FX debt legislation in Hungary may cost Raiffeisen EUR 160 mn

Raiffeisen Bank International may face costs up to EUR 160 million (HUF 50 billion) as a result of the... 
Markets (HU)

Budapest Stock Exchange seems cursed, turnover declines in Sept too

There was no turnaround on the Budapest Stock Exchange (BSE) in September, as its duplicated turnover... 

Hungary forint pushed to one-week low

Although Thursday afternoon's moderate decline in investor sentiment came to a halt in the evening CET... 

Hungary c.bank provides rationale for 20bp rate reduction, end of easing cycle

The Monetary Council of Hungary’s central bank (NBH) believes that the central bank base rate has... 

INSTANT VIEW - Hungary's easing cycle comes to an end (2)

(Replaces flash comment by Capital Economics with update, adds comment by Erste) The National Bank of... 

Hungary c.bank chief to hold extraordinary press conference - End of the easing cycle?

National Bank of Hungary (NBH) Governor György Matolcsy, Deputy Governor Ádám Balog and Andrea Bártfai-Mager... 

Croatia may buy out Hungary's MOL from INA - minister

According to Croatian Economy Minister Ivan Vrdoljak, Croatia may prepare to buy out Hungarian fuels... 

Russia, Ukraine main headache for Hungary's Richter

As usual, Richter will be among the first listed companies to publish its quarterly earnings report... 

Intesa Sanpaolo expects FX debt relief to cost Hungarian unit EUR 65 m

CIB Bank, the Hungarian unit of Italy’s Intesa Sanpaolo, has decided to generate 20 billion forint... 

News

Hungary c.bank cuts rates more than expected!

Hungary’s inflation dropped to an all-time low and the National Bank of Hungary (NBH) has lowered... 

Hungary could risk HUF selloff with foreign currency loan conversion

Hungary could risk a selloff in its currency by converting its huge stock of Swiss franc and euro mortgages... 

Hungary sheds light on attractive June budget deficit figure

Hungary’s National Economy Ministry has on Monday published detailed figures for the budget balance... 

Hungary MKB expects HUF 5 bn loss on invalid bid/ask spread on FX loans

MKB Bank, the Hungarian unti of Germany’s BayernLB, is to make 5.1 billion forint worth of provisions... 

Hungary FX loan conversion to come only next year - Varga

While every foreign currency borrower will be aware by the end of 2014 how much money they are entitled... 

Hungary c.bank close to the last stage of the "battle" - analysts

The National Bank of Hungary (NBH) will reduce its base rate by 10 basis points to 2.20% on Tuesday... 

Hungary economic sentiment drops to six-month low

Hungary’s GKI-Erste economic confidence index fell to a six-month low in July, according to figures... 

ANALYST VIEW - Hungary's interventionist policies could backfire - UniCredit

Government interventionism in Hungary continues to escalate. This type of policy will reduce potential... 

Audi to the rescue of Komárom after Nokia layoff and exit?

The Hungarian arm of German carmaker Audi said they might be able to help those that will be laid off... 

GE estimates FX debt relief scheme to cost Hungarian unit HUF 20 bn

A presentation by General Electric accompanying the group’s second-quarter earnings report revealed... 

Hungary real wage up 5.0% in May on vanished inflation

Real wages grew by 5.0% year on year in Hungary in May 2014, on the back of the disappearance of inflation.... 

ANALYST VIEW - Merrill Lynch bullish on Hungarian forint

Hungary’s forint eased to multi-month lows versus key currencies on Thursday, but in an uncertain... 

Russian banks shrug off U.S. sanctions

Russian state development bank Vneshekonombank (VEB), hit by fresh U.S. sanctions, said on Thursday it... 

Microsoft to axe 18,000 jobs this year, Hungarian Nokia unit affected

Microsoft Corp has announced on Thursday it will slash up to 18,000 jobs, or 14% of its workforce. The... 

Hungary Fiscal Council chief sees debt reduction plan at risk

In view of economic developments of the first six months, the course of budget revenues and expenditures... 

Hungary's economic performance should lead to debt rating upgrade - rate-setter

Economic developments in Hungary will sooner or later persuade credit rating agencies to revise their... 

Investors queue up for Hungary's 12-month bills, ÁKK sticks to strategy

Hungary’s Government Debt Management Agency (ÁKK) recorded heavy bidding for its 12-month discount... 

Europe, United States expand sanctions against Russia over Ukraine

The European Union is to expand the group of companies and legal entities that may be sanctioned over... 

Hungary announces fiscal adjustment measure to meet deficit goal

Hungary will freeze government expenditures worth 110 billion forints in order to make sure the 2.9%... 

Opel expanding in Szentgotthárd near Hungary/Austria border

Serial production of small gasoline engines has begun at the Opel plant in Szentgotthárd, western Hungary.... 

RTL chief attacks Hungary for advertising tax

Advertising tax constitutes a seizure attempt on part of Hungary's government, CEO of RTL Hungary Dirk... 

Hungary's FX relief package will indeed hurt the banks - EcoMin Varga

Hungary’s economic growth could exceed 3% this year and VAT and excise tax revenues are expected to pick up in the second half of the year, compensating... 

Hungary FX mortgage solution should be found by year-end - CIB chief

The executives of Hungary-based banks will be sweating quite a lot this summer, and not necessarily from the heat. Their business can be hit on a gut level... 

Hungary MOL eyes expanding retail network with hundreds of filling stations

Hungarian oil and gas group MOL plans further acquisitions to boost its retail market share in central Europe, where an economic recovery is underway and... 
 

Managing non-paying office tenants


Ákos Becher, partner, DLA Piper International Law Firm 
 
 

       

Current Rates
MOL11,865(1.6%) 
MTELEKOM370(2.5%) 
OTP4,165(0.2%) 
RICHTER4,065(0.1%) 


       

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