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EU could split in two - What would happen to Hungary then?

November 17, 2017, 4:22 pm
One of the main risks of 2018 could be rising tensions between Western and Eastern Europe, the main source of which are Hungary and Poland, Saxo Bank chief macroeconomic analyst Christopher Dembik told... 

Raiffeisen to carve out FX loan portfolio from Polish subsidiary

November 17, 2017, 3:41 pm
Raiffeisen Bank International AG (RBI) has announced on Friday that it would take over the foreign currency retail mortgage loan portfolio of its Polish operation. RBI intends to carve out the FX retail... 

Hungrian past gets spruced up - We haven't seen figures like since the crisis

November 17, 2017, 10:17 am
, general government net lending was equal to -1.9 per cent of Hungary’s GDP in the four quarters to 2017 Q3. Hungary’s general government consolidated gross debt at nominal value was 72.7%... 

Hungary gets unexpected warning from Moody's

November 17, 2017, 9:17 am
Although it has not made any decision on Hungary’s sovereign credit rating or rating outlook, Moody’s Investor Service has key messages in its annual credit analysis unexpectedly published... 

Hungary loses major dispute with Eurostat

November 17, 2017, 5:00 am
Portfolio has learned that a nearly four-year dispute between Hungary and Eurostat, the statistical office of the European Union, over the classification of Eximbank could be concluded next spring. The... 

Purchasing power in Hungary grows, poverty remains

November 16, 2017, 4:52 pm
The average purchasing power in Hungary grew by 10% in 2017, but this was enough only for the 30th spot in the European ranking, the latest study by think tank GfK showed on Thursday. In 2017, Europeans... 

Hungarians wary of inflation, stockpile premium gov't security

November 16, 2017, 1:47 pm
The stock of government securities held by Hungarians has risen by nearly 1,600 billion forints since January 2017. Households are particularly fond of the Premium Hungarian Government Security (PMÁP)... 

Hungary's ÁKK fails again to allot entire lot of 12-m bills

November 16, 2017, 12:00 pm
Just like two weeks ago, Hungary’s Government Debt Management Agency (ÁKK) has again failed to auction off the entire lot of its 12-month discount Treasury Bills today. Low demand was only one thing... 

You'll feel sorry for Hungarian cabbies if you see these two charts

November 16, 2017, 10:07 am
Taxi drivers in Budapest want a 10% fare hike, which would, in fact, make trips about 20% more expensive. They argue that they are about to go bust and could not keep up with the hordes of passengers earning... 

S&P upgrades Hungary's Mol over strong performance, fair conditions

November 16, 2017, 9:01 am
Standard & Poor’s has &P upgraded Hungarian oil and gas group Mol’s long-term credit rating to BBB- investment grade with stable outlook. The upgrade is primarily based on the improvement... 

European Parliament ready for next step of 'nuclear option' against Poland

November 15, 2017, 4:01 pm
A plenary session of the European Parliament has on Wednesday adopted the more stringent of the two draft proposals submitted to discipline Poland. Saying that fundamental European values are at risk in... 

Gránit Pólus secures EUR 335 million loan for Budapest shopping centre

November 15, 2017, 1:59 pm
Hungary’s Gránit Pólus Group has signed a credit agreement of 335 million euros with a syndicate of several banks to provide a capex credit line for WestEnd City Center in Budapest. Gránit Pólus... 

Hungary's Demján buys billionaire partner out of Gránit Pólus

November 15, 2017, 1:28 pm
As a continuation of an ownership programme launched two years ago, Canadian businessman Peter Munk has been bought out of Hungarian real estate giant Gránit Pólus. In the new ownership structure, the... 

Budapest cabbies want 10% fare hike - It would be closer to 20% in fact

November 15, 2017, 12:37 pm
Budapest cabbies are planning to hike fares markedly as of January 2018. By now they have managed to convince even the Budapest Chamber of Commerce and Industry (BKIK) to back them up, and it is no up... 

Hungary's Mol signs new share option deal with UniCredit

November 15, 2017, 9:50 am
Hungarian fuels group Mol has announced on Tuesday that based on the agreement concluded with UniCredit Bank AG, the option rights regarding over 29 million Mol shares under a share option deal signed... 

Airbus seals gigantic USD 50 bn aircraft deal

November 15, 2017, 9:28 am
Airbus SE has announced the biggest commercial-plane deal in its history, securing an order valued at nearly 50 billion dollars for 430 planes from its single-aisle A320neo line, Bloomberg reported on... 

Hungary Mol raises motor fuel prices again

November 15, 2017, 8:19 am
Hungarian fuels group Mol has raised the wholesale list price of 95-octane gasoline by HUF 3 per litre and the price of diesel by 4 forint per litre as of Wednesday. The hike has taken the average price... 

INSTANT VIEW - Hungary's GDP grows 0.8% q/q in July-September

November 14, 2017, 5:03 pm
Hungary’s economic output grew by 0.8% quarter on quarter and 3.8% year on year, according to data adjusted seasonally and for working days. Here’s what analysts think about the data and their... 

Romania puts even China to shame, as its GDP soars

November 14, 2017, 4:38 pm
Regardless of Hungary’s nice economic growth in the third quarter, the country has once again missed the Top 3 in the European Union. The reason is exceedingly simple: Hungary’s rivals have... 

Hungary's Orbán pats fuel price magician tax chief on the back

November 14, 2017, 2:01 pm
“Congratulations!," Hungary’s Prime Minister Viktor Orbán commented to commercial broadcaster atv.hu when he was asked in Parliament about the chief of tax authority NAV arranging lower fuel... 
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