Hello,    SIGN OUT   NEWSLETTER    HUNGARIAN  

2015: The year of tax hikes in Hungary

By Gergely Csiki Portfolio research shows that the Hungarian government will raise at least nine taxes in 2015 if the planned changes to the tax... 

Hungary readies, publishes 2015 draft budget

Hungary’s Economy Minister Mihály Varga has handed over the 2015 draft budget to Speaker of Parliament László Kövér on Thursday. At the event... 

ANALYST VIEW - New Internet tax to cost Hungary's MTel HUF 18 bn a year

The Hungarian government unexpectedly announced a new internet tax for 2015. Erste estimates that the... 

ANALYST VIEW - Barclays downgrades Hungary's Richter, cuts TP too

Barclays has downgraded Richter to ‘Equal Weight’ from ‘Overweight’ previously... 

Loan conversion could be a big win for Hungarian FX borrowers - analysts

Although legislation in Hungary on the conversion of foreign currency household debt will be laid before... 

ANALYST VIEW - Hungary c.bank will cut rates again - Commerzbank

A Deputy Governor of the National Bank of Hungary sent out a hawkish signal on Monday, reiterating that... 

Hungarian Erste unit incurs heavy loss in the third quarter of 2014

Austria’s Erste Group reported EUR 554 m net loss for the third quarter of 2014, slightly undershooting... 

Croatia launches new attack on MOL subsidiary INA

The power struggle continues between Croatia's government and Hungarian oil company MOL over Croatian... 

OTP tycoon Csányi exercises stock option

Sándor Csányi, Chairman and CEO of OTP Bank, has acquired 67,660 OTP shares as part of the bank's employee... 

Hungary MKB Bank reveals total cost of FX loan legislation

Hungary's MKB Bank has raised its estimate of losses arising from refunds due to clients under the Foreign... 

Banca Intesa to pump HUF 14 bn into Hungarian unit CIB

The Hungarian unit of Banca Intesa Sanpaolo, CIB Bank is to receive a HUF 13.65 billion capital injection... 

Hungary Magyar Telekom says planned Internet levy undermines broadband developments

Hungary’s leading telecoms group Magyar Telekom has said on Wednesday a new internet tax planned... 

ANALYST VIEW - New Internet tax to cost Hungary's MTel HUF 18 bn a year

The Hungarian government unexpectedly announced a new internet tax for 2015. Erste estimates that the... 

Hungarian gov't slaps new levy on Magyar Telekom

Hungary’s National Economy Minister Mihály Varga has on Tuesday announced a new tax to be imposed... 

ANALYST VIEW - Barclays downgrades Hungary's Richter, cuts TP too

Barclays has downgraded Richter to ‘Equal Weight’ from ‘Overweight’ previously... 

Is Hungary's MOL gearing up for another acquisition?

Hungarian fuels group MOL may soon be making a new acquisition, as the sale of German RWE’s oil... 

Hungary MKB ownership rights get to Prime Minister's Office in 30 mins

Ownership rights and responsibilities exercised by the state in MKB Bank Zrt. have been assigned to the... 

Hungary's MOL remains open to talks on RWE's DEA unit

Hungarian oil and gas firm MOL Group said it would be interested in re-entering talks about RWE's oil... 
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 debt manager ups bond auction on heavy bidding

Hungary’s Government Debt Management Agency (ÁKK) received HUF 133 billion worth of bids from primary... 

Hungary aims at 2.5% growth, 2.4% of GDP budget deficit in 2015

Hungary’s government has set its main economic goals in the draft budget. Economy Minister Mihály... 

OTP will be in race to acquire Citigroup's Hungarian consumer business - Csányi

OTP, Hungary’s largest lender, will try to acquire the local consumer business of Citibank as the... 

Hungary MOL has Kurdistani Field Development Plan approved

Hungarian fuels group MOL has announced on Thursday that the Field Development Plan (FDP) for the Akri-Bijeel... 

Surprise, surprise! Hungary to submit budget draft tomorrow

Economy Minister Mihály Varga will present the draft of Hungary's 2015 Budget Act to Speaker of the House... 

Another extraordinary day in Hungary's bond market

After hitting a snag last week and weak sales yesterday, Hungary's government bond market has witnessed... 

News

NBH Governor Matolcsy: Hungary lacks requirements for steady 4%+ growth

The conditions necessary for economic growth of 4% or more are missing from Hungary's economic environment.... 

Hungary plays high-stake Russian roulette: Juncker crackdown imminent - Heti Válasz

Led by Prime Minister Viktor Orbán, Hungary's government may be facing punitive action once Jean-Claude... 

US travel-ban-gate: Hungary's Tax Office finally speaks

The President, Vice Presidents and top officials of Hungary's National Tax and Excise Office (NAV) issued... 

Noerr wins “Law firm of the Year" and “Law firm of the Year for M&A" awards in Germany from Juve (x)

Noerr excelled at the Juve Awards in Frankfurt am Main yesterday, winning the awards as "Law firm of... 

How much Hungary's job market is booming

The unemployment rate in Hungary shrank further to 7.4% in Q3 2014, the lowest figure since mid-2007.... 

Protests in Hungary against Internet tax continue

A crowd of several thousand people gathered in Budapest to protest government plans for an Internet tax... 

Hungary 2015 pension hike rate disclosed

Pensions in Hungary are set to rise 2.2% next year, Human Resources Minister Zoltán Balog said in a press... 

Call for bids launched to design much needed expo centre in Budapest

Hungary's National Asset Managament Company has issued an open call for tender to design a new convention... 

INSTANT VIEW - No change to Hungary's 2.1% interest rate

The key policy rate of the National Bank of Hungary remained unchanged at 2.10% on Tuesday, as expected.... 

EU Digital Commissioner Kroes strongly opposes Internet tax in Hungary

Hungary's plans to adopt an Internet tax have come under strong criticsm by European Commissioner for... 

National Bank of Hungary sees need for permanently low interest rate

Monetary conditions will remain relaxed in Hungary, as the current interest rate level is compatible... 

Hungary cenbank rate decision made (3)

The National Bank of Hungary kept its benchmark interest rate on hold at 2.1% at Tuesday's rate-setting... 

Time for correction: Yields rise sharply at 3m auction in Hungary

Long-awaited correction has finally arrived in the short segment of Hungary's government security market.... 

ANALYST VIEW - Hungary may further proceed with rate cuts

The National Bank of Hungary will most certainly leave its record-low 2.1% benchmark rate on hold on... 

Hungary to raise military wages by 50%

Wages in Hungary's military will be gradually hiked 50% over the course of 4 years, starting July 2015... 

Fidesz's Rogán discloses details of Internet tax draft in Hungary

Antal Rogán, leader of governing Fidesz party representatives in Hungary's Parliament, submitted a modification... 

US travel-ban-gate in Hungary: No politicians involved, Rogán says after embassy meet

None of the six Hungarian persons affected by a recent US travel ban are politicians or members of the... 

CIB, K&H Bank vs. State of Hungary: FX loan suits tried by appeals court

The Budapest Appeals Court heard the cases of K&H Bank vs. Hungary and CIB Bank vs. Hungary in a second-instance... 

Hungary MOL cuts gasoline wholesale price, no change for diesel

As of Wednesday, Hungarian energy group MOL is cutting the wholesale price of gasoline by HUF 3 per litre... 

Internet Tax in Hungary: Economy Ministry backs tax cap proposal

A proposal by Hungary's governing party Fidesz to cap the proposed Internet tax at HUF 700 per month... 

Hungary Parliament to debate Internet tax, other 2015 tax proposals

A two-day legislative session is commencing in Hungary's Parliament on Monday. A debate of the government's... 

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... 

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... 
 

Managing non-paying office tenants


Ákos Becher, partner, DLA Piper International Law Firm 
 
 

       

Current Rates
MOL11,565(0.6%) 
MTELEKOM323(-0.3%) 
OTP4,050(2.5%) 
RICHTER3,755(2.2%) 


       

Tagcloud
economy(13595)  equity(7402)  fx(3551)  commentary(1800)  energy(1451)  nbh(984)  companies(555)  tax(485)  property(444)  imf(370)  realestate(283)  commission(279)  credit_line(244)  orbán(196)  budget(189)  hungarian_quotes(183)  analyst(175)  deficit(156)  mnb(140)  ksh(135)  debt(130)  politics(128)  interviews(123)  statistics(119)  ákk(118)  matolcsy(111)  mol(106)  survey(104)  research(103)  central_bank(103)  auction(99)  poll(96)  gdp(96)  tender(95)  huf(92)  bond(80)  growth(77)  exchange_rate(74)  telecom(74)  eur(67)  chf(60)  base_rate(58)  infringement(58)  fellegi(56)  simor(55)  treasury_bill(55)  interest_rate(55)  monetary_council(54)  forint(53)  earnings_report(53)  mihaly_varga(52)  rating(50)  inflation(48)  otp(47)  repayment(44)  mpc(44)  instant(40)  richter(40)  ecb(40)  usd(39)  erste(39)  yield(39)  cpi(39)  conference(38)  barroso(37)  bse(37)  austerity(35)  airline(34)  magyar_telekom(34)  legislation(34)  market(33)  recession(33)  malév(32)  consumer_price_index(31)  financial_transaction_tax(31)  cohesion(30)  pharmaceutical(30)  bailout(29)  edp(29)  quarterly(28)  moodys(28)  carrier(27)  fitch(27)  rogán(27)  industrial_production(26)  nomura(26)  telekom(26)  citi(26)  investment(26)  egis(26)  downgrade(25)  attard_montalto(25)  fuel(25)  raiffeisen(24)  magyar(24)  banks(24)  employment(23)  excessive_deficit_procedure(23)  issuance(22)  gárgyán(22)  bank(21)  ivaschenko(21)  bef2011(21)  eurozone(21)  parliament(20)  rehn(19)  vat(19)  shortfall(19)  lázár(19)  independence(19)  surplus(19)  bkv(18)  morgan_stanley(18)  varga(18)  fiscal_council(18)  crisis(18)  fidesz(18)  construction(17)  unemployment(17)  retail(17)  adjustment(17)  mobile(17)  drug(17)  diesel(16)  cséfalvay(16)  ftt(16)  ina(16)  gasoline(16)  credit(16)  societe_generale(16)  consensus(16)  fund_manager(16)  junk(15)  export(15)  gki(15)  manufacturing(15)  bankruptcy(15)  lending(15)  jobless(15)  court(15)  oil(15)  real_estate(15)  sentiment(14)  reserves(14)  target_price(14)  municipality(14)  timothy_ash(13)  trade(13)  industry(13)  rbs(13)  automotive(13)  croatia(13)  unicredit(13)  stock_exchange(12)  eu(12)  pmi(12)  popularity(12)  minutes(12)  collapse(12)  lagarde(12)  tarlós(12)  4cast(12)  t-bill(12)  socgen(12)  ecj(12)  wizz_air(12)  pleschinger(11)  standard(11)  european_union(11)  layoff(11)  pasquale_diana(11)  industrial(11)  china(11)  mortgage(11)  foreign_currency(11)  bailly(11)  széll_kálmán_plan(11)  car(11)  transport(11)  vehicle(11)  halpim(11)  forecast(11)  real_wage(10)  bank_tax(10)  azerbaijan(10)  low_cost(10)  government(10)  ecofin(10)  giró_szász(10)  bét(10)  wage(10)  transaction_tax(10)  stock(10)  cds(10)  benoit_anne(9)  frequency(9)  greece(9)  budapest_economic_forum(9)  currency(9)  ryanair(9)  import(9)  subsidy(9)  default(9)  goldman_sachs(9)  budapest(9)  gas(9)  conditions(9)  natural_gas(9)  jobbik(9)  telenor(9)  szijjártó(9)  simplified_entrepreneurial_tax(9)  vodafone(9)  dividend(9)  lmp(8)  washington(8)  nmhh(8)  gerry_rice(8)  pipeline(8)  inflation_report(8)  euro(8)  aaa_auto(8)  food(8)  purchasing_manager_index(8)  trigranit(8)  office(8)  consolidation(8)  hernádi(8)  resign(8)  loan(8)  insurance(8)  árpád_kovács(8)  citigroup(8)  eva(8)  banking_association(8)  precautionary(8)  suspension(8)  mkb(8)  profit(8)  bux(8)  sba(8)  patai(8)  omv(7)  syria(7)  exploration(7)  tenconi(7)  financing(7)  foreign_trade(7)  altafaj(7)  ministry(7)  confidence(7)  outlook(7)  mszp(7)  turnover(7)  máv(7)  ppi(7)  mfb(7)  levy(7)  international_reserves(7)  nabucco(7)  e.on(7)  european_court_of_justice(7)  navracsics(7)  ing(7)  registration(7)  eurobond(6)  járai(6)  personal_income_tax(6)  producer_price(6)  deutsche_bank(6)  kurdistan(6)  cariprazine(6)  standard_bank(6)  banai(6)  acquisition(6)  takeover(6)  hsbc(6)  demján(6)  csányi(6)  overshoot(6)  russia(6)  gerhardt(6)  trip_note(6)  passenger_cars(6)  ambrus(6)  approval_rating(6)  estimate(6)  interview(6)  borbély(6)  töröcskei(6)  ubs(6)  capital_economics(6)  sp(6)  letter(6)  output(6)  karvalits(5)  safarov(5)  nordea(5)  mvm(5)  kocziszky(5)  law(5)  convergence_programme(5)  chinese(5)  liquidity(5)  banking_system(5)  martonyi(5)  financial_accounts(5)  stability(5)  excise(5)  recommendation(5)  treichl(5)  chips(5)  used_car(5)  fiscal_position(5)  cee(5)  governor(5)  cbre(5)  development(5)  flat_tax(5)  tárki(5)  ebrd(5)  pr(5)  loss(5)  bank_of_america_merrill_lynch(5)  q3(5)  target(5)  bloomberg(5)  kbc(5)  contraction(5)  kósa(5)  sovereign(5)  robin_hood(5)  rába(5)  reding(4)  stadler(4)  jelasity(4)  lubin(4)  opinion(4)  rosenberg(4)  credit_rating(4)  schmitt(4)  brussels(4)  spain(4)  sectoral(4)  árokszállási(4)  utility(4)  world_bank(4)  forest(4)  zalaegerszeg(4)  nátrán(4)  olli_rehn(4)  gap(4)  communication(4)  mercedes(4)  pln(4)  deposit(4)  sanction(4)  templeton(4)  summit(4)  pszáf(4)  internet(4)  value-added_tax(4)  merrill_lynch(4)  forum(4)  balance_of_payments(4)  airport(4)  bnp_paribas(4)  utilities(4)  ash(4)  revenue(4)  fekter(4)  király(4)  power_plant(4)  state_aid(4)  oecd(4)  ipsos(4)  murder(4)  corporate(4)  armenia(4)  npl(4)  iraq(4)  medián(4)  brf(4)  slovakia(4)  downstream(4)  package(4)  agriculture(4)  expansion(4)  upstream(4) 

 
Our partners:
   
'; } ?>