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Hungary forint eases further, back around 316 vs. EUR

Hungary’s forint has been easing since 11 A.M., while yields on the government securities market have risen moderately at longer maturities.... 

Russia-Ukrain crisis, Nokia plant shutdown gag Hungary's exports

Hungary’s trade surplus was 453 million euros smaller in 2013 than previously reported, according to figures revised by the Central Statistical... 

Hungary FX loan conversion to be made very close to spot HUF rate - Merrill Lynch

The conversion of foreign currency loans into forints in Hungary is likely to happen very close to the... 

INSTANT VIEW - Central European PMIs point to slowdown

Manufacturing PMI dropped all over Central and Eastern Europe Activity in the manufacturing sector in... 

INSTANT VIEW - Hungary c.bank keeps rates unchanged as promised (3)

(Adds comment by Erste on page2) Hungary’s central bank (NBH) has on Tuesday left is key policy... 

Hungary OTP to report whopping HUF 154 bn loss for Q2 - analysts

OTP Bank, Hungary’s largest lender, is to report nearly HUF 154 billion loss for the second quarter... 

MOL, Croatia issue joint statement on court proceedings over INA

Hungarian oil and gas group MOL and the Croatian government have issued a joint statement on a profoundly... 

With a tank to a bank? - This is no fiction for OTP Bank Ukraine

The situation in Ukraine is tough, it has been no secret for some time now, but a story shared by OTP... 

Hungary's OTP could report losses for 2014 - Csányi

Hungary’s OTP Bank could close 2014 with losses due to the negative impacts of the relief package... 

Hungary MOL denies freeze of INA shareholding by arbitral tribunal

Hungarian fuels group MOL has issued a statement on Tuesday in a bid to “correct erroneous reports"... 

Sale ban on INA shares to affect Hungary MOL, Croatia govt

A Geneva-based arbitral tribunal will soon issue an injunction instructing both the government of Croatia... 

Budapest bourse might see extraordinary day today

Even with the end of the slow summer season nearing, trading at the Budapest Stock Exchange has been... 

K&H Bank vs. Hungary: no verdict in FX loans suit until 9 September

In the lawsuit K&H Bank vs. Hungary concerning the fairness and legality of foreign currency loan contracts... 

Wizz Air to fly Budapest-Lisbon, Budapest-Maastricht in 2015

Budapest-based budget airline Wizz Air is launching flights to Lisbon and Maastricht in the spring of... 

State wins vs. savings coop in Hungary's first FX debt lawsuit

The Budapest City Court ruled against the Kéthely Savings Cooperative in the fist lawsuit brought by... 

Banks in Hungary suffer eye-watering losses to FX debt relief scheme

Hungary's banking sector reported gigantic losses totaling HUF 361 billion in Q2 2014, something unprecedented... 

Raiffeisen does not rule out sale of Hungarian unit - Joy in Vienna

Raiffeisen has no specific plans to sell either the Ukrainian or the Hungarian unit, however these subsidiaries... 

Rid of white elephant, BayernLB reveals upkeep of Hungarian unit MKB

Hungarian subsidiary MKB Bank eroded the profits of German parent BayernLB by HUF 96.5 billion in H1... 
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 to launch giant motorway construction from massive EU funds - Lázár

Hungary plans to beef up the ratio of European Union funds spent on economic development to 60% in the... 

Hungary FX loan conversion to be made very close to spot HUF rate - Merrill Lynch

The conversion of foreign currency loans into forints in Hungary is likely to happen very close to the... 

Hungary c.bank raises lending scheme by HUF 500 billion

The Monetary Council of the National Bank of Hungary (MNB) has decided to raise the available loans in... 

Hungarian T-bill auction: Some settle even for 1.4% yield

We have been expecting for some time now that the drop in yields on short Hungarian government securities... 

INA cancells GDR listing on London Stock Exchange

Croatian refiner INA has announced on Tuesday that it is cancelling the standard listing of its global... 

Hungary Richter CEO confirms plan to expand in Russia

Chances are minimal that the European Union extends its sanctions on Russia by imposing a drugs embargo... 

News

The party is over for business in Eastern Europe, Austrians say

For Austrian companies the party in central and eastern Europe (CEE) is over - or at least postponed... 

The hottest-selling cars in Hungary in August were...

The number of new car registrations rose further in Hungary by 14% year on year in August, JATO Dynamics... 

Hungary c.bank starts replacing banknotes

The National Bank of Hungary has started to gradually replace all of the banknotes in circulation. The... 

INSTANT VIEW - Central European PMIs point to slowdown

Manufacturing PMI dropped all over Central and Eastern Europe Activity in the manufacturing sector in... 

The changing face of retail - E-commerce, Y-generation, greening (x)

Register now for the most important real estate event of the CEE region. The second CEE Property Forum... 

Hungary manufacturing PMI drops sharply in August

Hungary’s manufacturing purchasing manager index (PMI) declined substantially in August compared... 

Hungarian-Chinese joint venture to be set up for barrique production

Trust Hungary Zrt. and China’s Huai Lai Amethyst Manner Co. have signed an agreement on Sunday... 

European Commission adopts vital Partnership Agreement with Hungary

The European Commission has adopted a "Partnership Agreement" with Hungary setting down the strategy... 

Chart of the day: This is how Hungary is affected by brain drain

Over the past ten years more than 10,000 professionals left Hungary and found employment in another European... 

Hungary to make concessions to Brussels over 'plaza ban' concerns - paper

The Hungarian government is willing to make concessions in an infringement procedure the European Commission... 

Hungary forint remains weak over aggravation of Russia-Ukraine conflict

Hungary’s forint remains at weak levels, after regional markets were shaken up late on Thursday... 

Noerr's Budapest office advises C5 Capital Limited on IT start-up BalaBit (x)

Noerr’s Budapest office advises C5 Capital Limited on its investment in Hungarian IT start-up BalaBit.... 

Hungary's investments keep rising at a pleasant pace

Investments in the Hungarian economy in the second quarter of 2014 increased by 21.2% compared to the... 

Brussels mulls massive "fine" on Hungary for unfair road construction tendering

The cabinet chief of Hungary’s Prime Minister Viktor Orbán has requested a hearing from Brussels... 

Hungary c.bank chief Matolcsy sheds light on HUF 200 bn plan - It's edifying

The national Bank of Hungary is launching its own training in economics which “do not propagate... 

Hungary could set up public utility holding next year - Fidesz official

As the next round of government-mandated utility tariff reductions the retail price of electricity will... 

Will Hungarian gov't security yields ever stop to fall?

The most important lesson we could learn from today’s government security auction is that yields... 

Hungary c.bank shores up own foundations with EUR 640 m grant

The National Bank of Hungary has provided grants of 200 billion (EUR 638.16 million) forints to its own... 

Erste Bank Hungary gets giant capital increase from Austrian parent

After a 15 billion forint capital increase at CIB Bank, the Hungarian unit of Italy’s Intesa Sanpaolo... 

Hungary's Paks NPP to cut capacity of reactor on Thursday for repairs

Hungary will halve the output of one of its four reactors at the Paks nuclear power plant for much of... 

Hungary OTP chief Csányi not too hopeful on lawsuits filed over FX loan relief

Sándor Csányi, Chairman-CEO of Hungary’s OTP Bank, is not overly positive about the likely outcome... 

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
MOL12,000(1.3%) 
MTELEKOM376(1.3%) 
OTP4,160(-0.2%) 
RICHTER3,890(0.1%) 


       

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