Equity

Fitch Ratings has announced on Tuesday that the ratings of Hungarian oil and gas group MOL are unaffected by the downgrade of Hungary's ratings on 6 January. 2012.01.10 12:32Fitch says Hungary will need... 

Credit Suisse has on Wednesday upgraded Hungary’s Magyar Telekom to ‘Neutral’ from ‘Underperform’. While recommendations for MTel are mostly in the neutral zone, risks... 

The duplicated turnover of the spot section of the Budapest Stock Exchange (BSE) totalled HUF 7,692 billion in 2011, which corresponds to a contraction of 31% in annual terms. Turnover has not been this... 

Hungary's Magyar Telekom has announced a final settlement it has entered into with the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) to resolve DOJ and SEC investigations... 

French retailer Auchan Group and Belgium's Louis Delhaize Group have announced a deal today as part of which Auchan is acquiring LD's seven Cora hypermarkets in Hungary. Currently operated by local Louis... 

Hungarian energy group MOL has said it did no detect the presence of hydrocarbons of a quality suitable for commercial uses at the Bekhme-1 exploration well in the Akri Bijeel block in Kurdistan, Iraq.... 

Audi, which is planning on a large-scale expansion of manufacturing in Hungary, has announced plans to invest more than planned in the coming years on Tuesday. According to the release, Audi has plans... 

On the heels of a downgrade of Hungary's sovereign debt rating earlier this week, Standard & Poor's has lowered its ratings on four banks in Hungary, S&P said in a release on Friday. The banks affected... 

A board meeting at Raiffeisen Bank Hungary approved a HUF 106 billion capital increase on Wednesday, the bank said. The capital increase is another proof of Raiffeisen's commitment to Hungary in this... 

State-owned Hungarian Development Bank (MFB) may buy a 38.5% minority stake in Takarékbank so that the state could assume a more active role with this package, currently held by Germany’s DZ Bank... 

Having completed a review of Hungary's OTP Bank and OTP Mortgage Bank, Moody's Investors Service has reconfirmed ratings in line with a decision on November 25, OTP said on Monday. Moody's put OTP on... 

Market players rallied to buy the stocks of Hungarian energy group MOL on Monday morning on breaking news of an Exxon Mobil bid for MOL partner Gulf Keystone Petroleum (GKP) at a significant premium. GKP's... 

Hungary's National Development Ministry and National Asset Management Agency (MNV) jointly briefed the press on Wednesday on the result of a public tender offer for exchange-listed automotive company Rába.... 

Hungary’s Pension Reform and Debt Reduction Fund (Nyugdíjreform és Adósságcsökkentő Alap) once again owns less than 5% of telecommunications group Magyar Telekom, the company said in a statement... 

Goldman Sachs has raised its price target from HUF 19,200 to 21,500 on Hungarian energy group MOL stocks, with a neutral recommendation. Goldman's fair price estimate is in accordance with the current... 

Royal Dutch Shell announced on Friday that it will cease operations in Syria to comply with the latest European Union sanctions against President Bashar al-Assad’s government. The EU added three... 

AAA Auto has announced on Monday that in January-November it registered a 13% year-on-year increase in its used car sales. The group sold 41,477 used cars in this eleven-month period. The 13% yr/yr... 

Gedeon Richter, Hungary’s largest drugs maker, and HRA Pharma have announced on Monday that they have entered into a licensing agreement, under the terms of which Richter received the exclusive distribution... 

UBS has on Friday downgraded Hungarian fuels group MOL to ‘Neutral’ from ‘Buy’ previously and cut its target price for the oil stock to HUF 20,000 from HUF 22,500. “In... 

Slovnaft, a Slovak refinery controlled by Hungary’s MOL Group, plans to implement three large investment projects in Bratislava refinery in next 42 months with total value more then 300 million euros....