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Non-performing loans jump to record high at Hungarian banks

The quality of the retail portfolio of banks in Hungary has deteriorated at an increased pace in the first quarter of 2013, the latest figures of... 

Hungary public debt at 18-month high (2)

(Adds Economy Ministry statement) According to preliminary financial accounts data, Hungary’s general government net lending was equal to -2.3%... 

ANALYST VIEW - Hungary's Magyar Telekom is worth 10% less - HSBC

Hungary’s leading telecommunications group Magyar Telekom published its earnings report for the... 

ANALYST VIEW - Jefferies ups target price for Hungary's Egis

Jefferies has on Thursday raised its target price for Hungarian drugs producer Egis to HFU 24,600 from... 

ANALYST VIEW - Hungarian bonds remain top pick for Morgan Stanley in EM local bonds

After the strong auctions by Hungary’s Government Debt Management Agency (ÁKK) on Thursday, Morgan... 

INSTANT VIEW - Hungary no longer in recession in January-March (3)

(Adds comment by Nomura, Citi, JPMorgan on page2) Hungary’s economy grew by 0.7% in January-April... 

Budapest bourse to be closed on Monday due to Pentecost

There will be no trading on the Budapest Stock Exchange (BSE) on 20 May (next Monday) due to Pentecost... 

Hungary Egis sets eyes on Russia in acquisition target search

Hungarian drugs producer Egis has set its acquisition crosshair on Russia where the foremost objective... 

Hungary Egis Q1 after-tax profit up 17% yr/yr, beats expectations (2)

(Adds details, charts) Hungarian pharmaceutical producer Egis has published its earnings report for the... 

Hungary MOL unlikely to revive from Q1 earnings report (2)

(Adds details, charts) In view of what the market expected Hungarian fuels group MOL reported mixed figures... 

Another turnaround at Hungary's OTP Bank - Not for the better (3)

(Adds details, charts) When Hungary’s OTP Bank releases its earnings report for the fourth quarter... 

Hungary Egis to unveil Q1 earnings figures tomorrow - What to expect? (2)

Hungary’s Egis will publish its first-quarter earnings figures next week. Estimates received by... 

Hungary MOL to lay cards on the table soon - What to expect from Q1 earnings? (3)

Hungarian fuels group MOL is to publish its earnings report for the first quarter of 2013 soon, but in... 

Hungary Richter cuts 2013 sales guidance for Russia

Hungarian drugs producer Richter has revised its sales estimates for 2013 downward for Russia and the... 

Hungary Richter Q1 net profit beats expectations - What will this be enough for? (3)

(Adds details, charts) Richter Gedeon, Hungary’s leading pharmaceutical producer, has publishes... 

ANALYST VIEW - Hungary Magyar Telekom makes itself highly dependent on economic policy - Citi

By further expanding while competitors are backtracking, while already dominating certain markets, Magyar... 

Where did the profit of Hungary's Magyar Telekom go?

Hungarian telecommunications group Magyar Telekom has on Wednesday reported a year-on-year increase in... 

OTP Bank a fave with the pros: Countdown to rally?

Since Portfolio.hu's previous monthly poll, fund managers have become more optimistic on Hungarian stocks... 
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... 

Bayern LB not in advanced talks on sale - Hungary MKB no target for OTP Bank

Responding to a report by local news portal origo.hu Hungary’s MKB Bank issued a statement that... 

ANALYST VIEW - Hungary's Magyar Telekom is worth 10% less - HSBC

Hungary’s leading telecommunications group Magyar Telekom published its earnings report for the... 

Hungary PM says he would not refuse to raise tax for banks

The European Union wants Hungary to implement austerity measures but the government will not give in... 

Hungary ÁKK sells another HUF 24 bn bond batch in non-competitive tender

The strong bidding Hungary’s Government Debt Management Agency (ÁKK) has witnessed for its government... 

ANALYST VIEW - Jefferies ups target price for Hungary's Egis

Jefferies has on Thursday raised its target price for Hungarian drugs producer Egis to HFU 24,600 from... 

ANALYST VIEW - Hungarian bonds remain top pick for Morgan Stanley in EM local bonds

After the strong auctions by Hungary’s Government Debt Management Agency (ÁKK) on Thursday, Morgan... 

News

Hungary lowers chimney sweeping fee radically

Hungary’s government has decided to cap the chimney sweeping fee at HUF 2,000, half of the current... 

Hungary c.bank can contribute to growth turnaround in four areas - Matolcsy

The National Bank of Hungary (NBH) can contribute to a turnaround in growth in four areas, Governor György... 

Hungary's growth healthy, EUR/HUF 290 helps exports - Matolcsy (2)

(Adds comment by Deputy Governor) Hungary's economy has started growing again in a healthy structure... 

Hungary bonds sell like hot cakes at record low yields

As a response to heavy bidding and low yield expectations Hungary’s Government Debt Management... 

Payment risks dangerously high in Hungary

Late- and non-payment is rife across Europe and the outlook in general is gloomy too. The European Payment... 

Hungary forint firms to 3-month high vs. euro awaiting c.bank chief Matolcsy

Global risk appetite remains strong as stock indices on developed markets are conquering new highs and... 

Hungary 2013 GDP growth can possibly exceed 1% - EcoMin Varga

Hungary is starting to step on a growth path, said Economy Minister Mihály Varga. He added that although... 

Strong retailer demand and limited pipeline lead to record retail rents - CBRE

Hong Kong continues to rank as the world’s most expensive global retail market, recording prime... 

Hungary c.bank chief Matolcsy did not vote on rate cut, minutes show

Neither Governor György Matolcsy, nor Deputy Governor Ádám Balog attended the Hungarian central bank’s... 

INSTANT VIEW - Hungary no longer in recession in January-March (3)

(Adds comment by Nomura, Citi, JPMorgan on page2) Hungary’s economy grew by 0.7% in January-April... 

Hungary emerges from recession in the first quarter of 2013 (2)

(Adds details, chartsÖ Hungary's gross domestic product grew by 0.7% on a quarterly basis, which means... 

Hungary FTT revenues fall greatly behind target

Hungary’s budget collected HUF 11.278 billion worth of financial transaction tax revenues in April... 

Brussels finds Hungary's planned corrective measures promising - Varga

Olli Rehn, Vice-President of the European Commission in charge of Economic and Monetary Affairs and the... 

INSTANT VIEW - Hungary CPI retreats to record low of 1.7% in April (2)

(Adds comment by Raiffeisen) Consumer prices in Hungary increased by 0.3% month on month in April 2013... 

Hungary inflation dips to all-time low in April (2)

(Adds details, charts) Hungary’s consumer prices rose by 1.7% year on year in April, the Central... 

Trichet urges Hungary gov't, c.bank to work independently of each other

Jean-Claude Trichet, formerly the President of the European Central Bank (ECB) for eight years, believes... 

Non-performing loans: Hungary has joined the Balkans

Economic growth is hindered by the high ratio of non-performing loans (NPLs) in Hungary, Ukraine, Slovenia... 

Hungary to spend HUF 30 bn on wage hike for health workers

Every health worker in Hungary will be given a salary raise, but to different extent, a government official... 

Hungary possibly emerged from recession in Q1 - Portfolio.hu Poll

Hungary’s gross domestic product contracted by 1.3% year on year in the first quarter of 2013... 

Ministry submits proposal for Hungary's new ETC system, no word about charges

Hungary’s Minister for National Development has submitted a bill to Parliament on a distance-based... 

Hungary inflation seen at new record low in April - Portfolio.hu Poll

Hungary’s consumer price index dropped to 1.7% year on year in April, according to the consensus... 

This is just the beginning - Matolcsy on Hungary's monetary policy changes

Renewal of Hungary’s monetary policy started five weeks ago, but we are only at the beginning of the process, said György Matolcsy who was appointed... 

Everything hinges on growth in Hungary - EcoMin Varga

A single final solution to the problems of Hungary’s foreign currency debtors would be amazing, but it became clear in the past two years that no... 

Unconventional monetary steps would damage the Hungarian economy - Simor

Copying the economic stimulus measures applied in developed countries would only exacerbate Hungary’s biggest problem, the unpredictable economic... 
 

Managing non-paying office tenants


Ákos Becher, partner, DLA Piper International Law Firm 
 
 

       

Current Rates
MOL16,700(0.9%) 
MTELEKOM365(2.0%) 
OTP4,900(-0.7%) 
RICHTER34,110(-1.1%) 


       

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