Equity

Erste has raised its target price for Richter, Hungary’s largest drugs producer, to HUF 45,650 per share from HUF 43,865 previously and reiterated its ‘Buy’ call. “With its fortunes... 

Stock markets had a great finish in January and the general index of the Budapest Stock Exchange (BSE) did not miss it either. On the contrary, with its 10% jump it was among the best performers. Hungary’s... 

Portfolio.hu has always considered it one of its key missions to present how global economic events and local economic policy affect business life. In the current environment, we believe, this mission... 

Richter Gedeon, Hungary’s leading drugs producer is expected to publish its fourth-quarter 2011 earnings report next week. Analysts polled by Portfolio.hu project that the company will report a substantial... 

Erste Bank has on Thursday confirmed its ‘Hold’ recommendation for Hungarian telecoms group Magyar Telekom, while it raised its target price by 5% to HUF 580. The higher TP is mainly driven... 

Erste Bank expects the hit from Hungary's move to let borrowers repay foreign-currency loans at below-market exchange rates to be in line with the provisions for this it built last year, the Austrian lender... 

The European Commission has on Wednesday prohibited, on the basis of the EU Merger Regulation, the proposed merger between Deutsche Börse and NYSE Euronext, saying it would have resulted in a quasi-monopoly... 

Hungary’s Chief Prosecutor’s Office announced on Monday that it ended an investigation of the "MOL-INA affair" because of a lack of evidence. Croatia’s anti-corruption agency USKOK said... 

Three Hungarian companies and a consortium comprising three local enterprises have won frequency blocks in a tender invited by the National Media and Infocommunications Authority (NMHH) for the country’s... 

MetLife, Inc. a leading global insurer, has agreed on Monday to acquire from Aviva plc its life insurance businesses in the Czech Republic (Aviva Czech Life) and Hungary (Aviva Hungary Life), and its life... 

AAA Auto has announced that its chief executive officer, Anthony James Denny, purchased further stakes in his company on 27 January 2012, the company has announced on the website of the Budapest Stock... 

OTP Bank, Hungary’s largest lender, has announced on Monday that it partially cancelled EUR 125 million subordinated notes. “OTP Bank Plc. purchased on the secondary market Notes from the... 

Raiffeisen will earn back the losses suffered in Hungary over an assistance scheme for foreign currency debtors within a manageable timeframe, said Raiffeisen Bank International (RBI) Chief Executive Herbert... 

AAA Auto has announced that its chief executive officer, Anthony James Denny, purchased further stakes in his company on 25 January 2012. Denny acquired a total of 5,550 AAA Auto shares for CZK 98,815.5... 

Shareholders of Hungarian drugs producer Egis approved every proposal of the Board of Directors at the company’s annual general meeting on Wednesday. This means shareholders will be entitled to... 

Hungarian oil and gas group MOL has on Monday announced initial target results of Shaikan-4 appraisal well and the spudding of Aqra-1 appraisal well in the Kurdistan region of Iraq. Aqra-1 Appraisal... 

Croatian daily Jutarnij List wrote on Wednesday, citing unnamed sources, that Hungarian fuels group MOL is mulling to sell the Syrian oil and gas fields of its Croatian arm INA. MOL has flatly rejected... 

The crisis Hungary is currently in is self-inflicted, but the government could change all that in four weeks if it really wanted to, said Andreas Treichl, Erste Bank Group AG’s Chief Executive Officer... 

Hungary’s OTP bank is “extremely stable" from capital and liquidity standpoint and it is expected to post net profit also in 2012, said Chairman-CEO Sándor Csányi on Tuesday. He hopes that... 

Fitch Ratings downgraded Hungarian banks CIB Bank Zrt's (CIB) and Kereskedelmi és Hitelbank Zrt's (K&H) Long-term Issuer Default Ratings (IDR) to 'BBB' from 'A-' with Negative Outlook and CIB's, K&H's...