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Energy

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 of 2012 than what the market expected, which can be attributed to a pleasant surprised caused by the Downstream segment. An improvement in the refinery environment and the rise in crude prices managed to... 

Nabucco submits proposal on short-cut version

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

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... 

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 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 MOL to invest another USD 250 m in Kazakhstan - Hernádi

Hungarian oil and gas group MOL is to invest further USD 250 million in Kazakhstan where an oil production... 

Hungary MOL to cut fuel prices considerably on Friday

Hungarian energy group MOL is to lower the wholesale list price of gasoline and diesel by HUF 10 and... 

ANALYST VIEW - Hungarian mkt rally on IMF optimism will be short lived - Citi

The new taxes Hungary announced in the Széll Kálmán Plan 2.0 will have no direct impact on the banking... 

Hungary MOL to quit Nabucco financing, will sell stake in consortium if needed

Hungarian oil and gas group MOL is ready to opt out of the Nabucco gas pipeline project if necessary... 

Hungary MOL decides on dividend payment date

On the Board of Directors’ meeting held on 21 March 2012, and in the following stock exchange announcement... 

ANALYST VIEW - How will the hike of Hungary's Robin Hood tax impact MOL?

Hungary's government on Monday unveiled the Széll Kálmán Plan 2.0, an updated version of the structural... 

Hungary PM Orbán says MOL is leaving Nabucco gas pipeline project

Hungary’s Prime Minister Viktor Orbán said MOL, the country’s largest company by market capitalisation... 

Hungary to keep Robin Hood tax alive for energy companies, only with double the rate

Hungary’s government has announced on Monday that it will not only maintain but also extend the... 

Ascent Resources announces positive results at Hungarian project

Ascent Resources plc, the AIM listed European oil and gas exploration and production company, has reported... 

ANALST VIEW - Jefferies cuts target price for Hungary's MOL

Jefferies has lowered its target price for Hungarian fuels group MOL to HUF 17,000 from HUF 19,000 previously... 

PHI Group buys majority stake in Vietnamese-Hungarian renewable energy firm

PHI Group, Inc., a company focused on energy and natural resources, announced that it has signed an agreement... 

Without IMF deal Hungary may extend special sectoral taxes - MOL chief

Hungary failing to strike a deal with the International Monetary Fund (IMF) on a credit facility would... 

Bucharest Court of Appeal rejects Hungary MOL claim to cancel record cartel fine

Bucharest’s Court of Appeal has rejected a claim by the Romanian unit of Hungarian fuels group... 

Hungary gasoline to be taken to new all-time high, will cost more than diesel

Hungarian energy group MOL is to hike the wholesale list price of gasoline by HUF 4 per litre, while... 

ANALYST VIEW - Deutsche Bank not smitten by Hungary MOL dividend proposal

The Board of Hungarian oil and gas group MOL has proposed dividends of HUF 45 billion from 2011 earnings.... 

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Commentary

ANALYST VIEW - Hungarian mkt rally on IMF optimism will be short lived - Citi

The new taxes Hungary announced in the Széll Kálmán Plan 2.0 will have no direct impact on the banking and telecom sectors, but the financial transaction... 

ANALYST VIEW - How will the hike of Hungary's Robin Hood tax impact MOL?

Hungary's government on Monday unveiled the Széll Kálmán Plan 2.0, an updated version of the structural reform plan presented about a year ago. The government... 

ANALST VIEW - Jefferies cuts target price for Hungary's MOL

Jefferies has lowered its target price for Hungarian fuels group MOL to HUF 17,000 from HUF 19,000 previously, while it has maintained its ‘Hold’... 

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Views and Interviews

Secret deals behind Hungary buying Russian stake in MOL?

It was the government’s decision to buy the 21.2% stake of Russia’s Surgutneftegaz in Hungary’s MOL,but it is yet to be seen whether... 

Hungary's MOL seen taking fuels prices higher this week

Portfolio.hu sees Hungarian fuels group MOL increasing likely to hike its fuel prices this week, especially in case of diesel oil. In US dollar terms... 

Hungary MOL posts gigantic net profit in Q2, causes little surprise (2)

(Adds details, charts) Hungarian oil and gas group MOL has reported larger-than-expected profits for the second quarter, in which period financial gains... 
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Latest news

16:51 | Hungary to buy 8,000 properties from non-paying FX mortgage borrowers in 2012

16:10 | Government measures exhaust Hungarian unit of KBC, K&H Bank Q1 profit plummets

14:18 | AAA Auto triples net profit in the first quarter of 2012

11:04 | Hungary plans no Eurobond issue before IMF/EU credit deal - ÁKK Dep.CEO

09:19 | Opel expects production boom, headcount increase in Hungary

08:35 | No more new taxes in Hungary - state secretary

16:51 | EBRD revises GDP estimate for Hungary upward, sees mild recession in 2012

16:27 | ANALYST VIEW - Hungary seeks to avoid IMF deal or at least loosen conditions - Citi

15:59 | ANALYST VIEW - Hungary commitment to seal IMF deal remains questionable - RBS

15:23 | "Negative buzz" around Hungary over new taxes

14:41 | Hungary Parliament nods on new telecom tax, Telenor to deflect levy on clients

13:38 | Hungarians will take half of their bank deposits abroad if transaction tax remains unchanged - Patai

13:27 | Hungary Magyar Telekom CEO buys 42,000 company shares

09:27 | Hungary PM wants to suspend party subsidising from state budget in 2013-14

09:01 | Hungary real wages drop 5.2% yr/yr in March (2)

16:27 | BofA/ML convinced by Hungary's commitment to fiscal consolidation

14:21 | Hungary Fidesz popularity lead over Socialists dips to 9 percentage points

14:14 | Hungary ÁKK sells HUF 6.5 bn bonds in non-competitive tenders

14:08 | Hungary EcoMin publishes macro assumptions for 2013 budget

14:00 | IMF ready to start talks with Hungary once c.bank issues are resolved - Ivaschenko

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