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FX loan relief, public debt - Hungary's forint should take care of them

Hungary’s forint may start a roller-coaster ride soon and it would not end before a few months pass. Due to the “cosmetic" action Hungary... 

More heavy blows to land on Hungarian banking sector

Hungary’s ruling Fidesz party submitted a new amendment proposal to the law on foreign currency loans. If the planned changes are passed - and... 

ANALYST VIEW - Barclays cuts target price for Hungary's MOL - Takeaways from analyst meet

Barclays has maintained its HUF 13,000 per share target price for Hungarian oil and gas group MOL. In... 

Deutsche Bank cuts target price for Hungary's Magyar Telekom

Deutsche Bank has considerably lowered its target price for Hungarian telecommunications group Magyar... 

Hungary FX loan conversion law to put additional pressure on banks - Nomura

Hungary’s Parliament has passed the foreign currency debt (home mortgage and home equity release)... 

INSTANT VIEW - Q3 GDP: Hungary likely to move from leader to laggard

Hungary’s GDP growth for Q3 printed at 3.2%, a fall back from 3.9% in Q1; however, it was higher... 

Hungarian FX loan shock and surprising loss at Raiffeisen

Raiffeisen Bank International posted consolidated loss of EUR 119 million in the third quarter of 2014... 

Vodafone open to selling non-core assets, such as Hungarian unit - CEO

Vodafone would be open to selling off more non-core assets such as its interests in Australia, Hungary... 

Hungary's state-owned MVM, MOL's Slovnaft make joint non-binding bid for majority stake in Slovenské Elektrárne

Hungary’s state-owned energy group MVM and Slovnaft, a member of the MOL Group, have made a joint... 

Hungary MOL will sell Croatian unit INA if terms are not met, starts sales procedure - CFO

Hungarian energy group MOL would be happy to sell its stake in INA if it cannot agree with the Croatian... 

Hungary MOL CFO tells CNBC group balance sheet strong, flexible for acquisitions

József Simola, Chief Financial Officer of Hungarian oil and gas group MOL, has said the company has built... 

Hungary's Orbán sees two-thirds of local banking system in Hungarian hands

The Hungarian government is in talks to buy additional stakes in foreign-owned banks, said Prime Minister... 

Hungary's advertising tax seen designed specifically for RTL, takes its toll on group

RTL Group reported stagnating revenues and declining EBITA for the third quarter of 2014 on Thursday.... 

Hungary wants to buy Budapest Bank from GE Capital

The Hungarian state may buy Budapest Bank from General Electric, local news portal 444.hu has learned... 

Hungary MOL expands North-Sea portfolio

Hungarian oil and gas group MOL has announced that it has been offered four licences, all as operator... 

Hungary's Richter on the Budapest Stock Exchange for 20 years

The shares of Gedeon Richter Plc. were admitted to trading at the Budapest Stock Exchange 20 years ago.... 

Hungary MVM comments on reported plan to buy stake in Slovakian Electricity Works

MVM Group is happy to assume the role of multinational companies that are exiting this region, the Hungary’s... 

Senior officials leave Hungary's Magyar Telekom

Hungarian telecommunications group Magyar Telekom has announced the departure of senior officials on... 
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... 

Banks in Hungary need to forget about retail borrowers, revenues for a while - c.banker

Banks in Hungary must forget about households and revenues for a while. They have no choice, said the... 

Croatian EcoMin: potential buyers for MOL's INA stake are welcome, but will have to talk with gov't

Croatia's Economy Minister Ivan Vrdoljak has welcomed interest in the purchase of Hungarian oil and gas... 

ANALYST VIEW - Barclays cuts target price for Hungary's MOL - Takeaways from analyst meet

Barclays has maintained its HUF 13,000 per share target price for Hungarian oil and gas group MOL. In... 

What is the truth about Hungary's employment?

Hungary’s real wages rose by almost 3% year on year in September, on low inflation and moderate... 

Hungary's actual state aid to Audi expansion fourfold of original plan

Hungary’s National Economy Ministry has admitted that the amount of support the state granted for... 

Deutsche Bank cuts target price for Hungary's Magyar Telekom

Deutsche Bank has considerably lowered its target price for Hungarian telecommunications group Magyar... 

News

Hungary Fidesz to tighten noose on banks' neck in FX loan relief scheme

Hungary’s ruling Fidesz party proposes tightening the law on the conversion of foreign currency... 

Putin praises Hungary, Orbán denies returning to Moscow's orbit

President Vladimir Putin hailed Hungary as one of Russia's most important partners on Wednesday, giving... 

Which way will Hungary's central bank take rates next?

The National Bank of Hungary (MNB) will stick to its current base rate level at its policy meeting next... 

Hungary gov't could drive supermarket chains out of the country by new rules - lobby

Multinational supermarkets could be driven out of Hungary, a trade lobby said on Wednesday, after the... 

RTL Group sees turning to Commission justified as Hungary passes new tax package

RTL Group said on Wednesday an increase in a Hungarian media tax confirmed that it had made the right... 

Hungary says South Stream pipeline only way to ensure gas supply

Hungary aims to start building its stretch of the Russian-backed South Stream gas pipeline next year... 

Hungary loosens purse strings as year-end approaches

Hungary’s government is confident that it will reach its budget deficit target of 2.9% of GDP this... 

Suzuki Hungary to return to two-shift production in December

The Hungarian unit of Japanese carmaker Suzuki Motor Corp will return to two-shift production in December... 

Hungary FX loan conversion law to put additional pressure on banks - Nomura

Hungary’s Parliament has passed the foreign currency debt (home mortgage and home equity release)... 

Foreign press on Hungary's new and higher taxes

Hungary has made international headlines again, this time it was the government’s new tax ideas... 

Hungarian gov't could blow Spar and Auchan out of the water

A new bill submitted to Hungary’s Parliament by Economy Minister Mihály Varga can seriously rearrange... 

Hungary's EcoMin Varga set to deliver vicious blow to local retailers

The noose is getting tighter around the neck of retailers operating in Hungary. There is the supervision... 

Heavy bidding for Hungary's 3-m T-bills at auction

Hungary’s Government Debt Management Agency (ÁKK) has recorded the strongest bidding (HUF 122.3... 

Hungarian lawmakers pass tax package for 2015

Hungarian lawmakers voted 128:30 in favour of tax proposals for 2015 on Tuesday. The final version no... 

Oops, here's another unexpected tax hike in Hungary!

Hungary’s National Development Minister has submitted draft legislation to Parliament which is... 

The moment of truth: Hungarian gov't submits bill on FX loan conversion

Hungary’s government has on Monday submitted a bill to Parliament on the conversion of foreign... 

Hungary's EcoMin Varga explains why tax hikes are needed

Hungary’s Economy Minister, Mihály Varga, talked on Sunday evening about the electronic toll collection... 

Hungary EcoMin Varga would suspend tax chief Vida if...

If the United States of America presents concrete evidence against Ildikó Vida, the Economy Minister... 

Hungary Economy Minister Varga sees forint weakening

The exchange rate to be used for the conversion of foreign currency loans into forint will appear favourable... 

Hungary public debt 83% of GDP at the end of September

Hungary’s public debt amounted to 83% of gross domestic product at the end of the third quarter... 

Hungary tax authority plays down U.S. document as "not credible"

Hungary’s National Tax and Customs Administration (NTCA or NAV) has responded to a document provided... 

Hungary says South Stream pipeline only way to ensure gas supply

Hungary aims to start building its stretch of the Russian-backed South Stream gas pipeline next year despite European and U.S. opposition as it sees the... 

Ukraine is heading for sovereign default - Nicholas Spiro

The Russia-Ukraine crisis takes its toll no both parties in the conflict, but clearly Ukraine gets the short end of the stick, as it is practically heading... 

Hungary gov't needs not to consider banks' breaking point - Rogán

The Hungarian government does not have to consider the burden-bearing capacity of local banks when they incur heavy losses over their forint and forex... 
 

Managing non-paying office tenants


Ákos Becher, partner, DLA Piper International Law Firm 
 
 

       

Current Rates
MOL12,195(-1.6%) 
MTELEKOM340(-1.2%) 
OTP3,987(0.4%) 
RICHTER3,780(0.7%) 


       

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