Hungary pals with OECD but gets ample criticism from it

The Hungarian government was trying to prepare the public for a positive appraisal by the Organisation for Economic Co-operation and Development (OECD)... 

Hungary cenbank foundations reveal securities, bank deposit info

The six foundations of Hungary’s central bank (MNB) have deposits of HUF 3.4 billion at Gránit Bank, HUF 3.2 billion at Growth Credit Bank (NHB)... 

ANALYST VIEW - Citi raises target price, cuts rating for Hungary's Magyar Telekom

Citigroup has raised its target price for Hungary’s Magyar Telekom to HUF 494 per share, from HUF... 

Hungary's Richter seen weighed down by rouble trouble again

Richter, Hungary’s leading pharmaceutical producer, is set to release its first-quarter earnings... 

Today is the big day for Hungary's Magyar Telekom

Hungary’s Magyar Telekom is set to publish its earnings report for the first quarter of 2016 today... 

Fiscal policy U-turn may cost Hungary upgrade to investment grade

Economic policy has turned upside down in Hungary, analysts at Raiffeisen said in a recent research note.... 

Hungary Richter keeps 2016 guidance unchanged

On the basis of the first-quarter you should not necessarily draw the conclusion that the entire year... 

Hungary Richter shrugs off impact by Russian rouble

Gedeon Richter, Hungary’s leading pharmaceutical producer, has published its earnings report for... 

ANALYST VIEW - Citi raises target price, cuts rating for Hungary's Magyar Telekom

Citigroup has raised its target price for Hungary’s Magyar Telekom to HUF 494 per share, from HUF... 

Hungary Magyar Telekom profit quadruples in Q1 2016

The sale of online news portal Origo and Infopark gave a huge boost to the profits of Hungary’s... 

Hungary's Richter seen weighed down by rouble trouble again

Richter, Hungary’s leading pharmaceutical producer, is set to release its first-quarter earnings... 

Today is the big day for Hungary's Magyar Telekom

Hungary’s Magyar Telekom is set to publish its earnings report for the first quarter of 2016 today... 

ANALYST VIEW - Raiffeisen raises target price for Hungary's Magyar Telekom

Deutsche Bank has raised its target price for Hungary’s Magyar Telekom to HUF 377 per share from... 

Hungary Magyar Telekom launches employee share ownership programme

Magyar Telekom, Hungary’s leading telecom group, has announced on Monday to launch an employee... 

Hungary OTP chief Csányi buys Mol bonds in bulk

Sándor Csányi, Chairman-CEO of OTP Bank and Deputy Chairman of the Board of Directors at fuels group... 

It will not fly without the brokers

By Attila Tóth The new management of the Budapest Stock Exchange (BSE) was brave enough to dream about... 

Telenor under pressure on its home turf

Norwegian mobile carrier Telenor grew mainly on emerging markets, Bangladesh, India and Mianmar, but... 

Hungary OTP chief envisages 'golden age' for the bank

Competitive wages, acquisitions and a new golden age, this is what Sándor Csányi, Chairman-CEO of Hungary’s... 
Markets (HU)

Hungary Mol first-quarter results surprise on the upside

Hungarian fuels group Mol has published its earnings report for the third quarter of 2016 at dawn on... 

Euro vs. Hungarian forint rate once again at 310

The Hungarian forint kicked off the week with moderate firming vs. the euro on Monday as news of Friday's... 

Something is not okay with Hungary's 2017 budget - State Audit Office

Hungary’s 2017 budget bill is well-founded and is in line with the debt rule laid down in the Fundamental... 

Hungary's export volume drops in March

Hungary’s exports decreased by 3.4% year on year in March, the Central Statistical Office (KSH)... 

Hungary's industrial production shrinks for the 5th month in a row

Hungary’s industrial production contracted for the fifth consecutive month in March. The Central... 

Hungary Mol first-quarter results surprise on the upside

Hungarian fuels group Mol has published its earnings report for the third quarter of 2016 at dawn on... 

Hungary cenbank conducted no illegal activity - Lázár

János Lázár, the minister leading the Prime Minister’s Office, addressed the scandal of Hungary’s... 

Hungary c.bank to pay budget HUF 50 billion from profits - Matolcsy

Hungary’s central bank (MNB) is paying the state budget 50 billion forints worth of dividend from... 

News

New professionals joined to Noerr's Budapest office (x) (x)

Dr. Viktor Füzi has joined Noerr as an employment and litigation lawyer. Viktor studied law and graduated... 

Hungary cenbank chief talks foundation scandal for the first time

The National Bank of Hungary (MNB) is under attack because of the successes it has achieved, said Governor... 

Mercedes-Benz plans new EUR 500 mn engine plant in Poland

Daimler AG plans to set up a new Mercedes-Benz in Poland, the German carmaker announced on Wednesday.... 

EBRD Board nods on buying 15% stake in Erste Hungary

The European Bank for Reconstruction and Development's (EBRD) Board of Directors has approved taking... 

Bank of Hungary cenbank chief's cousin lends almost exclusively to relatives and friends

Growth Credit Bank, an interest of Tamás Szemerey, cousin of central bank (MNB) Governor György Matolcsy... 

This is how Hungary will reduce the bank tax

Hungary will further lower the tax burden on the country’s banks and for the first time in seven... 

Brussels to demand EUR 250K from Hungary per each refused asylum seeker

The European Commission has on Wednesday proposed that member states may refuse to take in refugees if... 

Hungary may need to pay a hefty fine if it refuses refugees - FT

European Union member states that refuse to share the burden of high immigration will face a financial... 

European Commission sees worsening structural balance in Hungary

Hungary’s economy grew by 2.9% in 2015 and real GDP growth is expected to slow down to 2.5% in... 

Hungary has never seen a tax hike like this one

The Hungarian government plans to make the rate of excise tax on fuel conditional to the world market... 

Hungary presents new tax package for 2017

The Hungarian government has decided to submit two bills to Parliament on Tuesday. One is about the excise... 

Fiscal policy U-turn may cost Hungary upgrade to investment grade

Economic policy has turned upside down in Hungary, analysts at Raiffeisen said in a recent research note.... 

Government of Hungary's Orbán may be dreaming too big

According to the updated Convergence Programme Hungary submitted to the European Commission last week... 

Hungarian "wonders" draws awe from Forbes author

Forbes Magazine has published a most interesting piece on Hungary and the investment opportunities it... 

"Independent MNB foundations" - Matolcsy made money calls himself

Although the Governor of the National Bank of Hungary (MNB) washed his hands in respect of the central... 

UniCredit to unify global transaction business on one platform

Italian banking heavyweight, UniCredit, is working on standardising its global transaction business (GTB)... 

Hungary manufacturing PMI rises slightly to 52.2 points in April

Hungary’s manufacturing purchasing manager index (PMI) stood at 52.2 points in April 2016, according... 

IMF makes recommendations for Hungary again

In Hungary, robust growth has been accompanied by a sharp reduction in vulnerabilities, but challenges... 

Hungarian gov't to embark on spending spree already this year

The Hungarian government is to modify this year’s budget that will expand its manoeuvring room... 

Mercedes-Benz to expand Hungarian plant

Luxury carmaker Mercedes-Benz has announced a 185 billion forint (EUR 594.6 mn) worth of investment at... 

Hungary cenbank chief Matolcsy will not step down over foundations scandal

György Matolcsy will remain in office as Governor of Hungary’s central bank (MNB) despite the scandal... 

Hungarian gov't to strip banks of nearly HUF 600 bn deposits

The Hungarian government plans to entrust the State Treasury with handling the accounts of municipalities... 

Hungary should check EU fund use vs. pre-set goals - Commissioner

I'm satisfied with the political agreement I have reached with minister János Lázár on the asphalt case during my visit to Hungary, said Corina Cretu... 

Hungary Mol pays dividend from cash flow, not credit - CFO

Regardless of how badly low oil prices hurt Hungarian oil and gas group Mol, no matter how splendidly Refining & Marketing fares, there will be cost cutting... 

"People would lynch me if I agreed to that" - Hungary's Orbán

The plan to take up hundreds of thousands of migrants from Turkey into Europe and to distribute them is an illusion, said Hungarian Prime Minister Viktor... 
 

Budapest's high-end hotel market is abuzz


The portfolio of one of the youngest hotel chain in Budapest has acquired an additional member: the Prestige Hotel Budapest opened its doors at the beginning... 
 
 

       

Current Rates
MOL16,235(0.2%) 
MTELEKOM465(-1.1%) 
OTP6,850(-1.3%) 
RICHTER5,391(0.4%) 
APPENINN211(-0.5%) 


       

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