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Bank deposits: are we preparing for the next crisis?

July 27, 2017, 2:29 pm
By István Palkó The European deposit insurance system is currently still fragmented. Every EU country has its own deposit insurer. At the same time, great changes have taken place in regulating deposit... 

Hungary seen losing case vs. EU on relocation quotas

July 27, 2017, 1:14 pm
"In his Opinion delivered today, Advocate General Yves Bot proposes that the Court should dismiss the actions brought by Slovakia and Hungary," the European Court of Justice said on Wednesday in the Advocate... 

We have some smashing news about Hungary's labour market

July 27, 2017, 10:46 am
Hungary’s employment set a new record in the second quarter of 2017 when the number of unemployed people also dropped to an all-time low, either, the latest report by the Central Statistical Office... 

Hungary Richter to report profit erosion for Q2 - analysts

July 27, 2017, 9:18 am
Hungary’s leading drugs producer Richter will be the first blue chip of the country to release its earnings report for the second quarter of 2017. According to analysts’ consensus forecast... 

Commission moves infringement procedure against Hungary to next stage

July 26, 2017, 4:47 pm
The European Commission has on Wednesday sent reasoned opinions to the Czech Republic, Hungary and Poland for non-compliance with their legal obligations on relocation. Next stage Despite repeated... 

One of Europe’s largest industrial park projects to be launched in Hungary

July 26, 2017, 4:12 pm
Hungarian National Industrial Park Management and Development Zrt. is making great progress in building the country’s industrial park network. The company, which was set up in December 2015 under... 

Commission announces weapons to be deployed against Poland

July 26, 2017, 2:43 pm
In line with the info leaked late on Tuesday, the European Commission has not triggered Article 7 proceedings against Poland over the reform of the country’s judiciary system, but it has substantiated... 

Hungary issues debut Panda bonds

July 26, 2017, 12:57 pm
Hungary has issued one billion renminbi (EUR 130 million) three-year debut Panda bonds at 3.85% yield on the Chinese market. The Hungarian state will swap it into euros hence the yield will be more favourable... 

Hungary reveals how much taxpayer money it spends on campaigns

July 26, 2017, 11:14 am
The Prime Minister’s Cabinet Office has published how much it would spend on the so-called information campaigns, and the bill is, well, it’s shocking. The budget from December 2016 until December... 

Trade between Hungary and Russia blossoms again

July 26, 2017, 9:16 am
Economic relations between Russian and Hungary have gathered new momentum. After contracting for several years, trade between the countries jumped by 30%, and Hungarian exports to Russia rose 24% in annual... 

Hungary willing to pay for Golgotha - gov't official

July 26, 2017, 8:38 am
The Hungarian state would like to see Mihály Munkácsy’s Golgotha painting to remain in Hungary, and it still intends to buy this piece of art, but only at a realistic price, a government official... 

Hungarian Foreign Minister to personally lobby at Tesla VP

July 25, 2017, 4:09 pm
Decisions have been made on a record high number of investments, a total of 47 worth 1.3 billion forints, with co-operation of the Hungarian Investment Promotion Agency (HIPA) in the first half of 2017... 

Bosch to build giant factory in Hungary

July 25, 2017, 1:58 pm
Tool maker Robert Bosch Power Tool Elektromos Szerszámgyártó Ltd. is add a new unit, a regional services centre to its Hungarian operations. The major investment in Miskolc, northern Hungary, will turn... 

Raiffeisen delivers good news

July 25, 2017, 1:15 pm
The second quarter turned out to be so excellent for Raiffeisen Bank International that it just could not wait for the release of its earnings report scheduled for 10 August, and has announced on Tuesday... 

Negative Hungarian yield missed by a hair again

July 25, 2017, 12:56 pm
Hungary’s Government Debt Management Agency (ÁKK) allotted a 15 billion forint lot of 3-month discount Treasury Bills at its latest weekly auction on Tuesday. The average yield was once again hardly... 

Hungary 3-yr Panda bonds price guidance at 4.60%-5.20%

July 25, 2017, 12:08 pm
Hungary has set indicative price guidance for one billion renminbi (USD 147 million) three-year debut Panda bonds at 4.60%-5.20%, Reuters reported on Tuesday. 19/07/2017 8:23amHungary hires banks to sell... 

Telenor Hungary CXO moves to become CEO of Telenor Bulgaria

July 25, 2017, 11:27 am
Telenor Hungary’s Chief Experience Officer (CXO) Ole Bjørn Sjulstad has been appointed CEO of Telenor Bulgaria as of 1 August, the company has announced on Tuesday. His position will be taken... 

Hungary Mol signs EUR 110 mn financing deal

July 25, 2017, 10:03 am
Hungarian oil and gas group Mol has signed a Schuldscheindarlehen (SSD) Agreement in the amount of 110 million euros on 24 July 2017, the company announced on the website of the Budapest Stock Exchange... 

S&P upgrades Hungary's OTP Bank

July 25, 2017, 9:05 am
Standard & Poor’s has raised its long- and short-term foreign and local currency counterparty credit ratings on Hungary’s OTP Bank PLC and its core subsidiary OTP Mortgage Bank to 'BBB-/A-3'... 

Hungary, Romania may derail international gas pipeline project

July 24, 2017, 4:58 pm
The European Union-backed Bulgaria-Romania-Hungary-Austria (BRUA) pipeline could suffer a major setback if the Romanian and Hungarian gas authorities approve a rulebook that would exclude key Austrian... 
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