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Hungary plans no Eurobond issue before IMF/EU credit deal - ÁKK Dep.CEO

Hungary’s Government Debt Management Agency (ÁKK) has accepted the viewpoint of the National Economy Ministry therefore it will not issue... 

ANALYST VIEW - Hungary commitment to seal IMF deal remains questionable - RBS

Economists at the Royal Bank of Scotland have just concluded a “superb trip" to Budapest and on this occasion Timothy Ash, Global Head of Emerging... 

ANALYST VIEW - Hungary seeks to avoid IMF deal or at least loosen conditions - Citi

The Hungarian government is still gambling, it is holding up the start of formal talks on a credit facility... 

ANALYST VIEW - Hungary commitment to seal IMF deal remains questionable - RBS

Economists at the Royal Bank of Scotland have just concluded a “superb trip" to Budapest and on... 

BofA/ML convinced by Hungary's commitment to fiscal consolidation

Bank of America Merrill Lynch has released a basically upbeat note after a trip to Budapest, which convinced... 

Hungary Egis expects domestic exposure to decrease

KBC Securities expects substantial price reductions by Hungarian drugs producer Egis as a consequence... 

Hungary Egis expects domestic exposure to decrease

KBC Securities expects substantial price reductions by Hungarian drugs producer Egis as a consequence... 

Hungary OTP Q1 profit beats expectations

Hungary’s OTP Bank published its first-quarter after-tax profit which came in nearly 20% above... 

What does Hungary's Egis expect in 2012?

Hungary’s listed drugs maker Egis maintains its guidance for a 8-10% revenue decline on its domestic... 

Hungary Egis boosts Q1 net profit 42% yr/yr (3)

(Adds details, charts) The first-quarter results of Hungarian drugs maker Egis were overall better than... 

ANALYST VIEW - Hungary Magyar Telekom target price lowered by Goldman Sachs, HSBC

Goldman Sachs has on Tuesday lowered its target price for Hungary’s Magyar Telekom to HUF 556 from... 

Hungary MOL Q1 performance greatly beats expectations (2)

(Adds details, charts) Hungarian oil and gas group MOL reported much stronger figures for the first quarter... 

Hungarian mobile carriers urge gov't to withdraw harmful telecom tax

Hungary’s mobile carriers have issued a joint statement objecting to a bill submitted to Parliament... 

Hungary Egis to report drop in EBIT, rise in net profit in Q1 - Portfolio.hu Poll

Analysts polled by Portfolio.hu project that net profit of Hungarian drugs maker Egis grew by 20% year-on-year... 

Hungary MOL to report drop in first-quarter profits - Portfolio.hu Poll

Analysts project a major decline in the first-quarter profit of Hungarian fuels group MOL. They expect... 

Hungary OTP Q1 after-tax profit seen down 11% yr/yr

OTP, Hungary’s largest bank by assets, is to report a year-on-year rise in total revenues, a jump... 

Hungary MOL spuds exploration well at Akri-Bijeel Block in Kurdistan

Hungarian oil and gas group MOL has announced on Friday the spud of Bakrman-1 exploration well in the... 

Hungary Richter sees stagnating group revenues, 20% domestic sales decline in 2012

Hungary’s Richter has maintained its guidance for 2012 after releasing higher-than-expected profit... 
Markets (HU)

Weight of Hungary's OTP in BUX basket grows markedly as of October

The composition of the BUX basket of the Budapest Stock Exchange (BSE) will change as of 1 October. Rába... 

Yield drops at Hungary's 3-m T-bill tender

Hungary’s Government Debt Management Agency (ÁKK) has placed a HUF 30 billion lot of 3-month discount... 

No more new taxes in Hungary - state secretary

Hungary will not implement any new taxes, said Zoltán Cséfalvay, state secretary at the Economy Ministry.... 

EBRD revises GDP estimate for Hungary upward, sees mild recession in 2012

The European Bank for Reconstruction and Development (EBRD) has revised its projection for Hungary’s... 

ANALYST VIEW - Hungary seeks to avoid IMF deal or at least loosen conditions - Citi

The Hungarian government is still gambling, it is holding up the start of formal talks on a credit facility... 

"Negative buzz" around Hungary over new taxes

The optimistic mood that was sparked a month ago when the European Commission gave Hungary the go-ahead... 

Hungarians will take half of their bank deposits abroad if transaction tax remains unchanged - Patai

The Hungarian Banking Association takes note that the government wants to implement a financial transaction... 

Hungary Magyar Telekom CEO buys 42,000 company shares

Magyar Telekom has announced on Friday that its Chairman-CEO Christopher Mattheisen purchased 41,095... 
News

Opel expects production boom, headcount increase in Hungary

The Hungarian Opel plant sees a jump in production volumes ahead, as a response to which it expects to... 

Hungary Parliament nods on new telecom tax, Telenor to deflect levy on clients

Telenor Hungary, a member of the international Telenor Group, will comprise the new telecommunications... 

Hungary PM wants to suspend party subsidising from state budget in 2013-14

Hungary’s Prime Minister, Viktor Orbán, has proposed the national eleced board of his ruling Fidesz... 

Hungary real wages drop 5.2% yr/yr in March (2)

(Adds details, charts) Gross wages in the Hungarian economy grew by 2.7% year on year, while net average... 

BofA/ML convinced by Hungary's commitment to fiscal consolidation

Bank of America Merrill Lynch has released a basically upbeat note after a trip to Budapest, which convinced... 

Hungary Fidesz popularity lead over Socialists dips to 9 percentage points

Hungary’s ruling Fidesz party enjoys a 37% approval rating among voters with party preference... 

Hungary ÁKK sells HUF 6.5 bn bonds in non-competitive tenders

As a response to the strong bidding in the morning bond auctions, Hungary’s Government Debt Management... 

Hungary EcoMin publishes macro assumptions for 2013 budget

Hungary’s Economy Ministry has on Thursday published the macroeconomic conditions necessary to... 

IMF ready to start talks with Hungary once c.bank issues are resolved - Ivaschenko

The International Monetary Fund (IMF) is ready to start talks with Hungary on a financial assistance... 

Hungary lifts bond auction over strong bidding, yields rise

Hungary’s Government Debt Management Agency (ÁKK) placed a HUF 42 billion lot of bonds on auction... 

Hungary could start talks with IMF/EU on credit in June - Fellegi

Hungary expects to start talks about a new financing deal with the European Union and the International... 

Hungary future IMF negotiator says fiscal policy and economic development may be separated

Mihály Varga, Hungary’s incoming aid negotiator, expects formal negotiations with the International... 

Hungary budget gap below 2% of GDP in Q1, brutal impact from early repayment scheme

According to preliminary financial accounts data, Hungary’s general government net lending was... 

Nabucco submits proposal on short-cut version

The Nabucco Consortium has on submitted a proposal to the Shah Deniz II Consortium for the construction... 

This is what the IMF does not want to see in Hungary's c.bank law - paper

The biggest problem of the International Monetary Fund (IMF) with regard to Hungary’s Central Bank... 

Hungary has sufficient funds to lean on should Greek situation worsen - official

Hungary's government has more than enough financing to cope should the situation in Greece deteriorate... 

Hungary mulls new real estate tax

Hungary’s government is apparently mulling a new real estate tax. A bill submitted to Parliament... 

Hungary can realistically ink IMF aid deal in the early autumn - Varga

Hungary can realistically reach an agreement with the International Monetary Fund (IMF) on a EUR 15 billion... 

Hungary needs further steps to meet debt target - c.bank chief

In a speech made at a conference organised by the State Audit Office on Tuesday, the Governor of Hungary’s... 

Hungary sells HUF 45 bn 4-m T-bills

Hungary’s Government Debt Management Agency (ÁKK) has received HUF 90.66 billion worth of bids... 

INSTANT VIEW - Hungarian economy contracts both in annual and quarterly terms in Q1 (3)

(Adds comment by Citi, Nomura on page3) According to the flash estimate the Hungarian economy contracted... 

Hunagry c.bank needs to be "extremely cautious" due to "bumpy" IMF talks - Karvalits

Ferenc Karvalits, Deputy Governor of Hungary’s central bank (NBH) said the government’s aid talks with the IMF is an important factor for monetary... 

Hungary c.bank can cut rates once risk perception is much better, risk premium drops - Karvalits

Hungary’s central bank (NBH) sees no room to lower its key policy rate, the highest in the European Union, until risk perceptions improve, NBH Deputy... 

Hungary remains far from inking a credit deal with the IMF/EU - Lubin (Citigroup)  

The main benefit of a credit deal with the IMF/EU for Hungary would absolutely be the reduction in the risk premium, but an agreement is still a long way... 
 

Managing non-paying office tenants


Ákos Becher, partner, DLA Piper International Law Firm 
 
 

       

Current Rates
MOL15,870(1.0%) 
MTELEKOM423(-1.2%) 
OTP3,481(1.5%) 
RICHTER36,665(0.2%) 


       

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