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Hungary cenbank not worried about brisk wage increase

September 21, 2017, 11:55 am
The Hungarian central bank (MNB) expects its inflation target to be achieved in a sustainable manner one additional quarter later, i.e. by the middle of 2019, following a delay of half a year indicated... 

Arbitration proceedings opened against Hungary's Mol

September 21, 2017, 9:25 am
Hungarian fuels group Mol has gotten into a legal dispute with its partners in Kurdistan over the violation of its minority rights, which could end up in a court of arbitration, the company has announced.... 

Samsonite opens second factory in Hungary

September 21, 2017, 9:00 am
Belgium’s luggage manufacturer and distributor Samsonite Europe N.V. has built its second plant in Hungary, creating one hundred new jobs, local business daily Világgazdaság reported on Thursday.... 

CETA goes live today - Hungary also benefits

September 21, 2017, 7:20 am
As of today, 21 September, 98% of all tariffs between Hungary and Canada are eliminated. This is a momentous occasion for Canada, the EU and Hungary as the Canada-EU Comprehensive Economic and Trade Agreement... 

MNB hits the bull's-eye - Hungarian yields drop to all-time lows

September 20, 2017, 4:52 pm
Yields on longer maturities have dropped to new all-time lows on Hungary’s secondary market, after the central bank’s (MNB) Monetary Council adopted new easing measures on Tuesday. It was an... 

Erste expects highest CEE growth rate since 2008

September 20, 2017, 1:04 pm
After the release of detailed GDP data for the second quarter, Erste Group has made a couple of upward revisions to its full-year GDP growth forecast for several Central and Eastern European economies.... 

INSTANT VIEW - Impacts of Hungary's latest monetary easing

September 20, 2017, 11:29 am
The Hungarian central bank made several changes on Tuesday: it lowered its overnight deposit rate further into negative (by 10 basis points to -0.15%), it eased monetary conditions again via QE, and it... 

Erste Bank Hungary reports flat H1 profit despite Citi acquisition

September 20, 2017, 9:31 am
Erste Bank Hungary posted after-tax profit of 31.2 billion forints in the first half of 2017, practically as much as in H1 2016, as a result of an unbroken growth of revenues, provision reversals and... 

Hungary cenbank will take further action if needed - Deputy Governor

September 19, 2017, 4:38 pm
The National Bank of Hungary (MNB) will take further steps if needed, Deputy Governor Márton Nagy told analysts on Tuesday after the bank lowered the overnight deposit rate by ten basis points to -0.15%... 

National Bank of Hungary lowers inflation estimates

September 19, 2017, 4:16 pm
As expected the National Bank of Hungary (MNB) has lowered its inflation projections, the main figures of the Report on Inflation showed on Tuesday. The full report is to be released on Thursday. The... 

Hungary's forint appreciates to euro despite rate reduction

September 19, 2017, 3:28 pm
Hungary’s forint started to appreciate versus the euro in the second half of the day, as the central bank (MNB) met the market’s expectation by lowering the overnight deposit rate by ten basis... 

Hungary central bank to slash 3-m depos to HUF 75 bn by year-end

September 19, 2017, 3:00 pm
The National Bank of Hungary’s (MNB) Monetary Council said the stock of three-month deposits has “fulfilled its role" and that the upper limit on the stock will be reduced to 75 billion forints... 

Hungary cenbank lowers O/N deposit rate, keeps base rate on hold

September 19, 2017, 2:00 pm
The National Bank of Hungary (MNB) has on Tuesday kept its base rate on hold at 0.9%, and lowered its overnight deposit rate by 10 basis points to -0.15% from -0.05% previously. 19/09/2017 4:38pmHungary... 

Hungary was never paid this much for being lent to

September 19, 2017, 12:21 pm
The average yield on Hungary’s 3-month discount Treasury Bills was set to a new all-time low of -0.05% at the Government Debt Management Agency’s (ÁKK) weekly auction on Tuesday. While the... 

Possible outcomes of the Hungarian cenbank’s policy meeting today

September 19, 2017, 11:48 am
The National Bank of Hungary (MNB) will hold its monthly policy meeting today, with various possible outcomes. It will be different from the “usual" rate meetings of the last six months or so... 

Arena Plaza in Budapest has a new owner

September 19, 2017, 10:51 am
NEPI Rockcastle has announced that it acquired the owner of Budapest’s Arena Plaza shopping centre for 275 million euros. NEPI Rockastle has acquired, on 15 September 2017, through its subsidiary... 

Future of Hungarian Bosch plant put into question

September 19, 2017, 9:35 am
Bosch, the world’s largest auto parts supplier, is considering the sale of its division manufacturing steering columns for traditional passenger cars, Hungarian business daily Világgazdaság has reported... 

Ryanair cancels flights, Budapest included - Here's the full list

September 19, 2017, 8:29 am
Ryanair has announced a list of the flights it will cancel between 21 September and 31 October. Budapest is also on the list. On Monday, Ryanair confirmed that it has published the full list of flight... 

Hungary Mol to raise price of diesel on Wednesday

September 18, 2017, 4:52 pm
Hungarian fuels group Mol is to raise the wholesale list price of diesel by 2 forints on Wednesday, while the price of gasoline will not change. The hike will take the average price of diesel to HUF... 

Hungary cenbank may be gearing up for something big

September 18, 2017, 4:25 pm
The National Bank of Hungary (MNB) insists that inflation will remain low therefore the market expects it to implement further easing measures. After many months, the Monetary Council’s upcoming... 
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