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Hungary Magyar Telekom to provide gas and electricity services (3)

(Adds more info from meeting with journalists, Portfolio.hu viewpoint) Management of Hungarian telecoms group Magyar Telekom have on Thursday confirmed market rumours that the company intends to enter the energy market as a service provider. Although MTel’s primary means to give cash to its shareholders... 

Croatia's INA to decide on convertible bond issue in March

Croatian oil group INA, in which Hungary’s MOL holds a 47% stake, is still discussing a possible... 

Hungary econet.hu posts negative EBITDA even in Q4 2009

Hungary’s econet.hu posted HUF 2.1 billion revenues in 2009, but it incurred a HUF 630 million... 

Surgut has no intention to sell stake in Hungary's MOL - CEO

Russia’s state-owned Surgutneftegaz has no intention to sell its 21% stake in Hungarian fuels group... 

Magyar Telekom wins Best Corporate Governance Award in Hungary

Magyar Telekom, Hungary’s leading telecoms group, has won the award for Best Corporate Governance... 

Orco Safeguard Procedure extended by three months

Real estate developer Orco Property Group S.A. and its subsidiary Vinohrady S.A.R.L. have announced that... 

E.On cuts EBITguidance for 2010

German utility giant E.ON has on Wednesday published worse-than-expected earnings figures for the fourth... 

Analysts on "promising" discovery of Hungary's MOL in Iraq

Hungarian oil and gas group MOL has made a “promising" discovery in the Akri-Bijeel oil block in... 

ANALYST VIEW - Goldman Sachs cuts TP, keeps 'Sell' rating for Hungary's Magyar Telekom

Goldman Sachs has trimmed its (6-month) target price for Hungarian telecoms group Magyar Telekom to HUF... 

ANALYST VIEW - UBS ups target price for Hungary's MOL over Iraqi discovery

UBS has on Wednesday raised its target price for Hungarian fuels group MOL to HUF 21,500 from HUF 20,500... 

Hungary MOL makes discovery in Akri-Bijeel block in Kurdistan

Hungarian oil and gas group MOL has made a discovery in Akri-Bijeel Block in Kurdistan Region of Iraq.... 

Hungarian power distributors ÉMÁSZ, ELMŰ select Telvent Technology

Hungarian electricity distributor companies ELMŰ and ÉMÁSZ have selected Nasdaq-listed Telvent Technologies... 

Orco convenes warrantholders general meeting for 25 March

Property group Orco is to hold a general meeting for warrantholders on 25 March. At the meeting they... 

ANALYST VIEW - JPMorgan sharply raises target price for Hungary's OTP Bank (2)

(Adds details, charts) JPMorgan has on Monday sharply raised its target price for Hungary’s OTP... 

Erste Bank takes Hungary's Állami Nyomda on top picks board

The recovery from recession is still intact, but the indications are that the easy gains are over and... 

Hungary Magyar Telekom to hold AGM on 7 April

The Board of Directors of Hungarian telecoms group Magyar Telekom has decided to hold its Annual General... 

Hungarian KBC unit net profit plunges over 60% yr/yr in 2009

Hungary’s K&H Bank, member of the Dutch KBC Group, has reported HUF 10 billion after-tax profit... 

ANALYST VIEW - RBS yanks target price much higher for Hungary's OTP

The Royal Bank of Scotland (RBS) has sharply raised its target price for Hungary’s OTP Bank to... 

Hungary Állami Nyomda not to pay dividend to finance acquisitions (2)

(Adds details, charts) Állami Nyomda, one of the main security printers and card producers of Hungary... 

Poland's IPOPEMA set to start brokerage activities in Hungary this week

Polish brokerage house IPOPEMA, which focuses exclusively on institutional clients, is to make its debut... 

OTP aims to acquire on inferior markets, plans no dividend until risk view betters

OTP Bank Chairman-CEO Sándor Csányi told a press conference on Tuesday that they would look to acquire... 
Views and Interviews

Hungary MOL to report net profit boom, operating profit drop for Q3 - Portfolio.hu Poll

Hungarian oil and gas group MOL is set to unveil its third-quarter earnings data on Tuesday and the analysts in a Portfolio.hu poll expect the company... 

Hungary Egis accounts extra month of 12% tax obligation - CFO

László Marosffy, Chief Financial Officer of Hungary’s Egis, has helmed a press conference for analysts on Thursday, addressing the key issues in... 

Hungary's Richter dreams about America (2)

(Adds details, charts) Richter Gedeon, Hungary’s leading drugs producer, has published its third-quarter earnings figures on Tuesday, undershooting... 

Stocks INFOPANEL
Commentary

Analysts on "promising" discovery of Hungary's MOL in Iraq

Hungarian oil and gas group MOL has made a “promising" discovery in the Akri-Bijeel oil block in... 

ANALYST VIEW - Erste cuts target price for Hungary's Danubius, keeps rating

Erste Bank has on Wednesday lowered its target price for Hungary’s Danubius to HUF 3,400 from HUF... 

ANALYST VIEW - Raiffeisen ups target price for Hungary's MOL, keeps rating

Raiffeisen has raised its target price for Hungarian fuels group MOL to HUF 18,355 from HUF 18,191 previously... 

Markets (HU)

Hungary Csányi sells EUR 5.5 m worht of OTP shares

Sándor Csányi, Chairman-CEO of Hungary's OTP Bank, sold HUF 1.49 billion (EUR 5.53 m) worth of OTP shares... 

Feeble demand for 3-m Hungarian bills, rate cut expectations cooler

Demand was unusually weak for Hungary's 3-month discount Treasury bills (D100106) at an auction held... 

Hungary forint moored to 270 vs. EUR

Hungary's forint seems to be anchored to 270 versus the euro, while we see mixed signals from global... 
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