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Economy

Hungarian airline Malév gives up, flies no more

Hungary’s state-owned airline Malév has announced on Friday that as of 6.A.M. today its fights will not take off after 66 years of almost uninterrupted operation. A passenger told state-run newswire MTI that until 7 A.M. they were informed that Malév’s flights are delayed and were informed only than... 

Hungary budget may be at risk due to Malév collapse

The halting of Malév’s operations could have far-reaching consequences for the Hungarian budget.... 

Ryanair rushes to open Budapest base in void left by Malév mishap

Ryanair has announced on Friday that it will base four new Boeing 737-800 series aircraft at Budapest... 

ILFC to fly back Malév-leased aircraft to Irish base this afternoon - MTI

On early Friday afternoon International Lease Finance Corporation (ILFC) is to fly back nine aircraft... 

Wizz Air responds to Hungary Malév collapse with 66% capacity boost

No-frills airline Wizz Air plans a substantial 66% capacity boost in Hungary in 2012 as a response to... 

Travel Service not interested in taking over Hungary's Malév anymore

Travel Service is to launch scheduled flights from Budapest under Smartwings brand name, said Attila... 

Hungarian banks to lose EUR 717 m on FX loan fix scheme - Patai

According to the latest estimate, Hungarian commercial banks are facing losses of HUF 210 billion (EUR... 

Hungary Socialists overtake far-right Jobbik in popularity contest - poll

Hungary’s left-wing parties have gained some popularity, while far-right Jobbik has turned less... 

Hungary Malév gets state receiver

The Budapest Metropolitan Court has appointed a trustee in bankruptcy for financially strung national... 

Hungary prepares for possible stop of Malév flights

Hungary's government published decrees on Tuesday, earmarking HUF 2 billion as preparation for the possible... 

IMF does not propose Hungary to eliminate transport subsidies - Ivaschenko

The International Monetary Fund (IMF) is not urging Hungarian authorities to eliminate subsidies to transport... 

Hungary new car registrations grow substantially in January

Following a decline in December 2011, Hungary’s new passenger car registrations picked up again... 

IMF ties hands of Hungarian cabinet in rescuing BKV - official

While Hungary’s National Economy Ministry and the management of Budapest are all committed to rescuing... 

Picture of Hungary's foreign trade trend remains blurry (2)

(Adds details, charts) Hungary’s final trade figures for November 2011 published by the Central... 

Hungary manufacturing PMI picks up in January, but remains below 50 pts

Hungary's manufacturing purchasing manager index (PMI) rose to 49.8 points in January 2012 from 48.6... 

Hungary Malév Chairman tries to dissuade fears of collapse

“We are flying and I hope we’ll be flying tomorrow too," János Berényi, Chairman of Hungary’s... 

Road usage fee for Budapest vehicle owners stands no chance of passage - mayor

There is a zero chance that a HUF 10,000 road usage fee will be slapped on every vehicle owner in the... 

Gun-toting man tries to rob uniformed policemen in Hungary - in the police station!

Stupidity (or desperation) knows no bounds, it seems. A young man walked into the police station in Hódmezővásárhely... 

Hungary stops, Croatia continues probe of MOL chief Hernádi in graft case

Hungary’s Chief Prosecutor’s Office announced on Monday that it ended an investigation of... 

Hungary picks fourth mobile carrier

Three Hungarian companies and a consortium comprising three local enterprises have won frequency blocks... 

Commentary

INSTANT VIEW - Hungary c.bank keeps key policy rate on hold at 7.00% (3)

(Adds new comments on page 3 and 4) Against the market’s call for a 50-bp hike, the Monetary Council... 

Hungary needs IMF/EU credit deal for interest rate cuts - Portfolio.hu Poll

The National Bank of Hungary (NBH) will raise its key policy rate by half a percentage point to 7.50%... 

Default can be a natural result of a situation Hungary created for itself - Portfolio.hu Interview

The Hungarian government expects a tense first half due to the eurozone crisis, but believes recovery... 

     
     
Macro Snapshot
General government balance (monthly, bn HUF)10-12-486,5 mrd Ft
Current account balance (m EUR)10Q4365.9 m euró
Interest rate on forint-based consumer credit (APR)11-0422.56 %
GDP growth (yr/yr, adjusted for calendar impact)11Q2+1.5 %
Inflation (annual consumer price index)11-124.1 %
Infláció (medium-term target)08-083.0 %
Industrial production (working day adjusted, yr/yr)11-11+3.5 %
Benchmark interest rate11-127.00 %
Retail sales (yr/yr, adjusted for calendar impact)11-11+1.1 %
Foreign trade balance (m EUR)11-08+492.4 m euró
Interest rate on fixed HUF deposits (within 12 months, annualised)11-045 %
Unemployment rate (average of 3 months before publication)11-1010.8 %
Corporate forint lending rate - short term11-049 %
Views and Interviews

Default can be a natural result of a situation Hungary created for itself - Portfolio.hu Interview

The Hungarian government expects a tense first half due to the eurozone crisis, but believes recovery should start in the second half of the year and that... 

ING CEO sees tough challenges ahead, clouds with silver lining in CEE banking sector (Interview)

Although the mortgage prepayment plan is slowing Hungary’s economy down, the CEE region as a whole is still offering the best growth opportunities... 

Hungary inflation to accelerate drastically soon - Portfolio.hu Poll

Hungary’s consumer prices went up by 0.3-0.4% month on month in October, analysts forecast in a Portfolio.hu poll on Thursday, saying that half of... 
Latest news

16:45 | Hungary budget may be at risk due to Malév collapse

16:04 | Hungarian airline Malév gives up, flies no more

15:51 | Ryanair rushes to open Budapest base in void left by Malév mishap

14:57 | Hungary forint firms through the roof - Too much maybe? - Portfolio.hu Fund Manager Survey

13:35 | ILFC to fly back Malév-leased aircraft to Irish base this afternoon - MTI

12:39 | Wizz Air responds to Hungary Malév collapse with 66% capacity boost

12:05 | Travel Service not interested in taking over Hungary's Malév anymore

09:05 | ANALYST VIEW - Erste ups target price, keeps 'Buy' rating for Hungary's Richter

16:43 | Hungarian banks to lose EUR 717 m on FX loan fix scheme - Patai

14:54 | Hungary OTP becomes top pick of local fund managers

14:00 | How further could the forint depreciate? (x)

13:30 | Hungary Richter to report massive profit decline for Q411 - Portfolio.hu Poll (adds consensus for Egis)

12:01 | Hungarian igm unit in EUR 2.9 million capacity boost programme

11:32 | Hungary Socialists overtake far-right Jobbik in popularity contest - poll

09:27 | ANALYST VIEW - Erste ups target price, keeps 'Hold' rating for Hungary's Magyar Telekom

09:12 | Hungary Malév gets state receiver

16:22 | Erste sees no bigger hit by Hungary FX loan scheme than expected

15:41 | EU blocks proposed merger between Deutsche Börse and NYSE Euronext - Door opens for Xetra in Budapest?

14:30 | Hungary prepares for possible stop of Malév flights

14:06 | IMF does not propose Hungary to eliminate transport subsidies - Ivaschenko

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