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Hungary has been in recession for a year now (2)

Hungary’s gross domestic product (GDP) declined by 0.7% year on year in the first quarter of 2012, according to unadjusted figures, which comes... 

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 what the market expected. The company’s... 

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... 

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... 

INSTANT VIEW - Hungary inflation accelerates to 5.7% yr/yr in April

Hungary’s consumer price index picked up to 5.7% yr/yr in April from 5.5% in March, beating the... 

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 OTP Q1 profit beats expectations

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

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... 

Hungary Magyar Telekom revenues rise for the 2nd quarter in a row in Q1

Hungarian telecommunications group Magyar Telekom has overshot revenue and EBITDA expectations, while... 

Hungary Richter reports major Q1 profit boost on milestones (2)

(Adds details, charts) The first-quarter profit of Richter, Hungary’s leading pharmaceutical producer... 

Market forecasts profit decline at Hungary's Richter, Egis in Q1 (2)

Hungarian drug producers Egis and Richter are expected to report smaller profits for the first quarter... 
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... 

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... 

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 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... 
News

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... 

Hungarian insurer Generali posts EUR 17 m profit in 2011

Despite the difficult market conditions Hungary’s Generali-Providencia insurer boosted its after-tax... 

Hungary MOL to cut fuels prices this week again

Hungarian energy group MOL is to lower the wholesale list price of gasoline and diesel by HUF 5 and HUF... 

Ryanair launches new Hungary-Germany route

No-frills airline Ryanair has announced on Monday that it introduces another new route in its summer... 

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... 

Hungary EcoMin submits bills on new taxes to Parliament

Hungary’s Economy Minister György Matolcsy has submitted bills on new taxes to Parliament. As expected... 

INSTANT VIEW - Hungary inflation accelerates to 5.7% yr/yr in April

Hungary’s consumer price index picked up to 5.7% yr/yr in April from 5.5% in March, beating the... 

Hungarian economic growth to be among the slowest in CEE next year - Commission

The European Commission’s Spring Forecast published on Friday sends a send message for Hungary... 

Commission expects Hungary's budget deficit below 3% of GDP in 2012/13 (2)

(Adds details, charts) Hungary’s economy is to contract by 0.3% in 2012 but grow by 1% next year... 

INSTANT VIEW - Replacement of Hungary's aid negotiator Fellegi is positive - RBS

The replacement of Hungary’s chief aid negotiator announced by Prime Minister Viktor Orbán on Friday... 

ANALYST VIEW - Hungary forint to remain under pressure, ease to 325 vs. EUR in 12 months - Goldman Sachs

Goldman Sachs expects Hungary’s forint to remain under pressure throughout 2012 as the cabinet... 

Hungary inflation rises more than expected in April (2)

(Adds details, charts) Hungary’s consumer prices rose 5.7% year on year in April, the Central... 

Hungary reshuffles cabinet, chief aid negotiator Fellegi is "done" (2)

(Adds details) Hungary’s Prime Minister Viktor Orbán has announced on Friday that he will reshuffle... 

Hungarian banks find new financial transaction tax unacceptable - Patai

Hungary's planned new financial transaction tax is entirely unacceptable for banks in its present form... 

Hungary ÁKK lifts 12-month bill auction HUF 5 bn

Hungary’s Government Debt Management Agency (ÁKK) allotted HUF 50 billion worth of 12-month discount... 

Hungary faces recession and jump in consumer prices this year - Portfolio.hu Poll

Hungary’s economic output shrunk even in annual terms in the first quarter this year and GDP will... 

INSTANT VIEW - Hungary: Old sector taxes replaced by new sector levies

The Hungarian government has on Wednesday approved the tax measures which were included in the Convergence... 

Hungary gov't approves new taxes (2)

(Updates with new info, Portfolio.hu viewpoint) Hungary’s government has on Wednesday approved... 

Minutes show three-way split in Hungary's Monetary Council

As the Governor of Hungary’s central bank (NBH) revealed on 24 April, one member of the Monetary... 

Hungary EcoMin to address new taxes today

Hungary’s Economy Minister György Matolcsy is going to hold a press conference on Wednesday afternoon... 

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
MOL15,900(-2.1%) 
MTELEKOM436(-3.5%) 
OTP3,425(-3.5%) 
RICHTER35,805(1.1%) 


       

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