Hungary FHB reports smaller loss, rising credit demand for Q2

Hungary’s Land Credit and Mortgage Bank (FHB) posted HUF 1.491 billion after-tax loss in the second quarter of 2015, which is less than half... 

Summits on migrant crisis to pile up in 2nd half of the week

Hungary’s government will hold an extraordinary meeting on Thursday and Prime Minister Viktor Orbán will meet EU leaders in Brussels on the... 

Hungary forint could remain safe haven currency amidst global storm - ING

Analysts at ING believe that Hungary’s forint may remain one of the safe haven currencies in the... 

INSTANT VIEW - Hungary c.bank keeps rates on hold

The National Bank of Hungary (MNB) has kept its benchmark two-week deposit rate unchanged at 1.35% on... 

Raiffeisen Hungary to cut network to 67 branches - CEO

Raiffeisen Hungary will have 67 branches by end-September, 15 fewer than currently and staff will also... 

Turnaround at Hungary's OTP Bank put on hold - again

Ever since the crisis something has always come up that prevented a turnaround for Hungary’s OTP... 

Explosion at plant of Hungary's Richter

One person was injured in blast on the premises of Hungary’s leading drugs producer Richter in... 

Erste Hungary remains in the red in H1 2015

The Hungarian operation of Austria’s Erste Bank has published its IFRS report for the first half... 

Hungary OTP sees HUF 6 bn negative effect on conversion of FX consumer loans

OTP Bank, Hungary’s largest lender, expects the conversion of foreign currency denominated car... 

Equity markets yanked around

The fall on the world’s leading stock exchanges accelerated last Friday although the erosion started... 

Raiffeisen Hungary posts profit in Q215 for the 1st time after almost 2 yrs

Austria’s Raiffeisen Bank International (RBI) has reported consolidated net profit of EUR 204 million... 

Raiffeisen Hungary to cut network to 67 branches - CEO

Raiffeisen Hungary will have 67 branches by end-September, 15 fewer than currently and staff will also... 

Raiffeisen to close every third branch in Hungary

Raiffeisen Hungary continues downsizing its branch network. The company said on Wednesday that between... 

Turnaround at Hungary's OTP Bank put on hold - again

Ever since the crisis something has always come up that prevented a turnaround for Hungary’s OTP... 

Hungary pays for Budapest Bank from taxpayers' money

According to our previous knowledge, Corvinus International Investment Zrt., the one taking over Budapest... 

Hungary's OTP is the best investment

Hungary’s OTP Bank beat the expectations of every major analyst house with its Q2 2015 earnings... 

Mol seen interested in buying Agip pumps from Eni in Hungary - paper

Italy’s Eni plans to sell its Agip petrol stations in Hungary, the third-largest filling station... 

ANALYST VIEW - Barclays trims target price for Hungary's OTP Bank

Barcleys has on Monday trimmed its target price for Hungary’s OTP to HUF 6,400 from HUF 6,500 previously... 
Markets (HU)

Explosion at plant of Hungary's Richter

One person was injured in blast on the premises of Hungary’s leading drugs producer Richter in... 

This is why the forint market switched to higher gear

The Hungarian currency market witnessed a spectacular firming on Thursday. Quotes vs. the euro quickly... 

Hungary locks horns with Austria, France, Germany over treatment of migrants

The European Union could soon fund and set up new reception facilities for asylum-seekers in Hungary... 

Ford and Opel sell best in Hungary in August

The number of new passenger car registrations has in Hungary by 4% year on year in August, after a 13%... 

Slowdown of Hungarian economy has already started - think-tank

GKI Economic Research Co. predicts that the slowdown of the Hungarian economy started in the second quarter... 

Hungary manufacturing PMI rises slightly in August

Hungary’s manufacturing purchasing manager index (PMI) stood at 50.7 points in August, up 0.8 percentage... 

Record levels of investment in European industrial market

The European industrial and logistics market experienced record levels of investment in Q2 2015 with... 

Hungarian tax authority busts cigarette smugglers - Thug life in action

The excise officials of Hungary’s National Tax and Customs Office (NAV) have on Monday discovered... 

News

Manufacturing boom in CEE - Can developers benefit? (x)

CEE Property Forum 2015 - the most useful real estate event of Central and Eastern Europe. Meet all the... 

V4 countries to hold emergency meet on migrant crisis, plan rejecting EU refugee quotas

The Prime Ministers of the Visegrad Four countries, the Czech Republic, Hungary, Poland and Slovakia... 

Lending in Hungary remains sluggish, c.bank not happy

Lending to corporations remains well under the desired level in Hungary, the central bank (MNB) stated... 

Hungary reports most controversial investment data

The volume of investments in the Hungarian economy was up by 5.7% in the second quarter of 2015 compared... 

Guess who cancelled his attendance at Hungary's gov't conference

Hungarian central bank (MNB) Governor György Matolcsy has excused himself in the last instant and did... 

Hungarian banks post largest profit in two years

Although lending remains effete and there is a wide gap between certain banks, the sector’s profitability... 

Hungary forint gets over early losses quickly

Hungary’s forint has recovered from its early Friday losses rather quickly buti t has failed to... 

This is what Hungary's Fidesz party fears the most

Hungary’s ruling Fidesz party is terrified of a petition for a referendum that seeks to ensure... 

Hungary tax authority to become State Secretariat - paper

Hungary’s National Tax and Customs Office (NAV) could be turned into a State Secretariat and operate... 

Falling vacancy and rising rents are expected in European office markets

Europe’s prime office market vacancy rate is expected to fall back to its 2009 level by the end... 

EU unable to protect is borders, so Hungary will do it on its own - Lázár

EU unable to protect is borders - Hungarian minister The European Union is unable to defend its borders... 

Hungary debt manager sells government securities easily

Hungary’s Government Debt Management Agency (ÁKK) raised its 12-month discount Treasury Bill and... 

Hungary tax authority NAV may become a ministry - paper

Fidesz MP and state secretary for the Ministry of National Economy András Tállai is clearly a candidate... 

Prologis inks three new deals in Prague parks

Industrial real estate company Prologis has announced the signing of two lease extensions totalling more... 

Hungarians overcome shock of no-work Sunday

The volume of retail sales in Hungary grew by 6.2% year on year in June 2015, the Central Statistical... 

Owner to remove Munkácsy painting from Hungarian museum on Monday

The famous Christ trilogy of 19th century Hungarian painter Mihály Munkácsy will be exhibited in Debrecen’s... 

Why is Hungary's forint slapped around so much?

Hungary’s forint run into a sell-off on Wednesday afternoon and then it started to recoup its losses... 

Rental growth is expected in Budapest

Rents on the Budapest office market are set to rise according to Cushman & Wakefield, involved with leasing... 

Hungary forint keeps on tumbling

Hungary’s forint eased considerably versus the euro on Tuesday morning and briefly checked the... 

Hungary forint could remain safe haven currency amidst global storm - ING

Analysts at ING believe that Hungary’s forint may remain one of the safe haven currencies in the... 

Where do expats feel the best in the world?

This time it is not about migrants (or more precisely, not about those we nowadays refer to as migrants)... 

Hungary central bank tightens screws on banking rules

The National Bank of Hungary (MNB) has decided to speed up the implementation of the Liquidity Coverage... 

Hungary's FX debt will be lowered to all-time low - ÁKK CEO

Hungary will prepay 1.2 billion euro worth of foreign currency debt this year, but if forint debt issuances turn out better than planned, even more could... 

"Pole and Hungarian, two good friends" - But could be better

Economic co-operation between the Visegrad Four countries should be enhanced and they should also promote Central Europe jointly, said Wojciech Kowalczyk... 

Raiffeisen CEO "cautiously optimistic" about Hungary, wants predictability

Raiffeisen has every intention to remain one of the largest banks in Hungary, Raiffeisen Bank International’s Chief Executive has denied expectations... 
 

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
MOL13,550(-2.2%) 
MTELEKOM393(-1.3%) 
OTP5,325(-1.2%) 
RICHTER4,260(-0.3%) 


       

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