Hungary PM Orbán talks brokerage scandal

The Hungarian government is still looking into it how could brokerage Quaestor reimbursed funds of state institution National Trading House in cash... 

Hungarian economy to grow by more than 3% this year - c.bank

The National Bank of Hungary (MNB) has published its latest quarterly Report on Inflation, which forecasts the country’s budget deficit to remain... 

ANALYST VIEW - Citi goes short EUR vs. HUF, PLN

Citigroup has announced it is now going Short EUR vs a basket of HUF and PLN via 3m forwards with EURHUF... 

INSTANT VIEW - Hungary resumes easing cycle, cuts rates 15 bps (4)

(Adds comment by J.P. Morgan, Morgan Stanley, MKB on page2, Nomura on page3) The Monetary Council of... 

Hungary c.bank expected to start cautious rate cuts this month

For the first time in months the policy meeting of Hungary’s central bank (MNB) will not be as... 

Hungary MOL upstream chief upbeat on production, talks potential acquisitions

Alexander Dodds, Executive Vice President for Exploration and Production at Hungarian fuels group MOL... 

Raiffeisen CEO says environment in Hungary is "hostile"

Raiffeisen Bank International (RBI) reported EUR 493 million consolidated after-tax loss for 2014, largely... 

Hungary may lower special levies on telecom sector - EcoMin Varga

Hungary may review special taxes levied on the telecommunciations sector, said Economy Minister Mihály... 

Hungary MOL to resume talks with Croatia over INA in mid-April - spokesman

Croatia and Hungarian oil and gas group MOL will resume talks next month in an effort to resolve their... 

Hungary Richter Board proposes to pay HUF 33 dividend per share from 2014 profits

Richter, Hungary’s leading pharmaceutical producer, has announced that it will holds its annual... 

Hungary MOL upstream chief upbeat on production, talks potential acquisitions

Alexander Dodds, Executive Vice President for Exploration and Production at Hungarian fuels group MOL... 

ANALYST VIEW - J.P. Morgan sharply raises target price for Hungary's OTP, upgrades stock

J.P. Morgan has sharply raised its target price for Hungary’s OTP to HUF 6,950 and upgraded its... 

Gulf Keystone, partner of Hungary's MOL, resumes production in Shaikan block, sees more payments

Gulf Keystone, the operator of the Shaikan field in the Kurdistan Region of Iraq and a partner of Hungarian... 

Credit ratings of Hungary's OTP placed under review for upgrade by Moody's

OTP Bank, Hungary’s largest bank by assets, has announced on Wednesday that according to a press... 

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

Citigroup has lowered its ex-dividend target price for Hungary’s Magyar Telekom to HUF 431 from... 

Hungary MOL Board proposes HUF 50 bn dividend from 2014 profits

Hungarian oil and gas group MOL has announced that on its meeting held on 16 March 2015, the Board of... 

One-off items weigh on results of Hungary's FHB Mortgage Bank

Hungary’s FHB Mortgage Bank reported 6.6 billion forint after-tax loss for the fourth quarter of... 

Hungary Magyar Telekom to set up a B2B energy services JV with MET Holding

Magyar Telekom, Hungary’s leading telecommunications group, has signed an agreement with MET Holding... 
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 unemployment rate rises further

Hungary’s rate of unemployment rose to 7.7% in the period between December 2014 and February 2015... 

Hungary c.bank chief would not like 0% rate, says small rates cuts possible

The Governor of Hungary’s central bank (NBH) said he was not in favour of lowering the bank’s... 

Hungary clears obstacles for EU nod on Paks nuclear supply deal - Lázár

Hungary has cleared all barriers that have been keeping the European Union so far from approving Hungary’s... 

Brussels refers Hungary to court, imposes fine over energy efficiency

In its monthly package of infringement decisions, the European Commission is pursuing several legal actions... 

Hungary Quaestor has been committing fraud since 1998 - paper

Ripples of Hungary’s Quaestor brokerage scandal are developing into tower-high waves and local... 

Hungary OTP announces dividend payment proposal

Hungary’s OTP Bank is to pay 145% of the face value of its shares as dividend from 2014 profits.... 

News

Hungarian brokerages stealing money has nothing to do with politicians - Lázár

Hungarian politicians are not involved in the currently unfolding brokerage scandal, it was not them... 

Brussels finds building of Hungary's M4 motorway suspiciously overpriced

The European Commission has recently turned down Hungary’s request for EU funding for the construction... 

Hungary's Fidesz party may have known in advance about pending brokerage bust

The leadership of Hungary’s ruling Fidesz party could have known that brokerages Hungária Security... 

Hungary's Orbán admits ordering ministries to take funds from bust-prone brokerages

Hungary’s Prime Minister Viktor Orbán has revealed on Wednesday he was the one who ordered the... 

EU confirms compliance talks on Hungary's nuclear fuel supply deal with Russia

Hungary is currently in talks with the European Union's Euratom Supply Agency (ESA), as it is trying... 

ANALYST VIEW - Citi goes short EUR vs. HUF, PLN

Citigroup has announced it is now going Short EUR vs a basket of HUF and PLN via 3m forwards with EURHUF... 

EU to green-light Hungary's nuclear deal with Russia, Budapest will sue FT - Lázár

All barriers have been removed regarding the nuclear fuel supply agreement necessary for the expansion... 

INSTANT VIEW - Hungary resumes easing cycle, cuts rates 15 bps (4)

(Adds comment by J.P. Morgan, Morgan Stanley, MKB on page2, Nomura on page3) The Monetary Council of... 

Hungary forint firms to 14-month high vs. euro after rate cut

Hungary’s forint firmed significantly on a decision by the central bank to lower the base rate... 

Hungary's central bank improves flexibility of inflation targeting regime

After a scheduled review of the National Bank of Hungary’s (MNB) inflation target, the Monetary... 

Hungary central bank resumes rate cut cycle after eight months

The Monetary Council of Hungary’s central bank (MNB) has on Tuesday lowered the 2.1% key policy... 

Hungary central bank forecasts 0% inflation for 2015

The National Bank of Hungary (MNB) expects the country’s annual average inflation to come in at... 

Hungary c.bank heralds more "cautious" rate cuts after resuming easing cycle

After lowering its benchmark policy rate by 15 basis points to 1.95% Hungary’s central bank (MNB)... 

Hungarian consumers increasingly pessimistic, sentiment index shows

Business confidence improved some in Hungary in March 2015, but it has still not reached the January... 

Hungary cabinet chief, EU energy commissioner to discuss Budapest's nuclear deal with Moscow

EU Energy and Climate Action Commissioner Miguel Arias Canete is meeting János Lázár, head of the Hungarian... 

Auchan contests massive fine by Hungary's competition watchdog

Auchan Hungary Ltd. was notified on Monday about an over HUF 1 billion (EUR 3.29 m) fine competition... 

Hungary PM Orbán wants to seize assets of brokerage scam perps

Hungary’s ruling Fidesz party is about to submit a bill that would seize and place into an asset... 

One of the studies on Hungary's no-work Sunday published

Hungary’s National Economy Ministry has on Monday published a study it had ordered in 2011 in relation... 

Hungary competition watchdog fines Auchan EUR 3.5 million

Hungary’s competition watchdog GVH has imposed a gargantuan fine of over HUF 1 billion (EUR 3.49... 

Hungary c.bank expected to start cautious rate cuts this month

For the first time in months the policy meeting of Hungary’s central bank (MNB) will not be as... 

Author of "non-existent" impact study on Hungary's no-shop Sunday talks

Sociologist Sándor Mátyási, co-owner of M.S. Concorde Bt. (limited partnership), was the author of part... 

"You cannot hold grudges forever" - Interview with Erste CEO Andreas Treichl

The agreement signed in February by the Hungarian government, Erste Bank and the European Bank for Reconstruction and Development (EBRD) could mean the... 

Rating agencies want three things from Hungary before upgrade - BofA Merrill Lynch

An exceptionally upbeat outlook was published on Hungary by Bank of America Merrill Lynch a few weeks ago, and it landed with a bang. Raffaella Tenconi... 

Hungary's foreign policy priority is fair, strong relations with Russia, Germany - Orbán

Hungary’s Prime Minister Viktor Orbán said on Wednesday his main goal in foreign policy was maintaining good relations with German and Russia and... 
 

Managing non-paying office tenants


Ákos Becher, partner, DLA Piper International Law Firm 
 
 

       

Current Rates
MOL12,410(-0.7%) 
MTELEKOM419(1.0%) 
OTP5,270(-2.4%) 
RICHTER4,012(-0.2%) 


       

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