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Hungary's banking system operates the least efficiently in Europe

April 25, 2017, 10:26 am
The Hungarian banking system operates extremely inefficiently, which makes banking more expensive for customers, central bank (MNB) Deputy Governor Márton Nagy told a Portfolio conference on Tuesday. One... 

CEU Rector meets EU Commissioners to discuss situation in Hungary

April 25, 2017, 9:25 am
President and Rector of Central European University (CEU) has met European Union Commissioners in Brussels on Monday to discuss a new law approved in Hungary that is widely viewed as specifically targeting... 

Hungary Magyar Telekom to receive dividend from subsidiary

April 24, 2017, 5:21 pm
Makedonski Telekom AD (MakTel), the Macedonian subsidiary of Hungary’s leading telecoms group Magyar Telekom, has decided at its Shareholders’ Assembly on Tuesday on a total dividend payment... 

Without inflation why would Hungary's central bank raise rates?

April 24, 2017, 5:00 pm
The National Bank of Hungary (MNB) will not raise rates on Tuesday. For that matter it will not raise rates this year or even in 2018, analysts polled by Portfolio projected. Even a month ago, the market... 

Young people will always come first in Hungary - Orbán

April 24, 2017, 3:28 pm
Hungary will become what young people make it, Prime Minister Viktor Orbán told an event organised by the Hungarian Chamber of Commerce and Industry (MKIK) on Monday. At the final of a national academic... 

Turnaround at Hungarian petrol stations

April 24, 2017, 2:04 pm
Hungarian oil and gas group Mol is to lower the wholesale list price of gasoline by 3 forints per litre and the price of diesel per HUF 5 per litre as of Wednesday, state newswire MTI reported on Monday... 

Hungary's CIG Pannonia not to pay dividend this year either

April 24, 2017, 1:09 pm
CIG Pannónia Life Insurance Plc. has held its annual general meeting on Monday. The AGM has made decisions on dividend payment, the repurchase of interest-bearing own shares and a merger. The key decisions... 

IKEA to open new store in Hungary this summer

April 24, 2017, 12:49 pm
IKEA has announced in a video published on Monday that its new store will be opened in Soroksár on 14 June 2017. Over the last 18 months, a total of 2,000 people worked on the construction of the new... 

Hungary vs. Eurostat clash remains over Eximbank, central bank

April 24, 2017, 12:24 pm
Hungary’s general government deficit reached 1.8% of gross domestic product in 2016, according to the latest report by Eurostat, the statistical agency of the European Union. Hungary’s Central... 

Five ways the EU could send a message to Hungary's Orbán

April 24, 2017, 10:05 am
Politico.eu said there are five ways the European Union could send a message to Viktor Orbán and “solve a problem like the Hungarian Prime Minister". None of these would make much difference, though.... 

Team Matolcsy and Team Draghi to talk rates this week

April 24, 2017, 8:04 am
A policy meeting by the National Bank of Hungary (MNB) and employment data for the first quarter of 2017 are on top of this week’s calendar of macroeconomic releases, whereas the rest of the world... 

US Senators address letter to Hungary's Orbán

April 21, 2017, 5:44 pm
A bipartisan group of ten American Senators have addressed a letter to Prime Minister Viktor Orbán in which they urge the government to work with CEU and find a solution to continue operating in Budapest.... 

Lőrinc Mészáros buys into FHB

April 21, 2017, 4:46 pm
Insurance company Allianz Hungária stepped out, while associations of Lőrinc Mészáros stepped in to FHB Bank, according to a Hungarian Stock Exchange disclosure. KZF Wealth Management KFt, which is... 

New CEO for Deloitte Hungary

April 21, 2017, 4:08 pm
Deloitte Hungary’s New CEO will be András Fülöp as of June 1, 2017. His predecessor Gábor Gion has been leading the company for more than eight years, according to the latest release of Deloitte.... 

Soros to fly to Brussels to discuss CEU

April 21, 2017, 3:23 pm
Jean-Claude Juncker is to meet George Soros in Brussels to talk about the current political situation in Hungary, announced EC spokeswoman Mina Andreeva at today’s press conference. The assembly... 

Hungarian Solar Panel Plant Featured by Bloomberg

April 21, 2017, 1:53 pm
"Clean energy isn't just the future, it's the present," states Bloomberg as the title of its selection where a variety of solar stations are featured worldwide. Mátra Power Plant's 16 megawatt photovoltaic... 

Watch Out, The New 2,000 and 5,000 Forint Bills Are Not Accepted Everywhere

April 21, 2017, 11:30 am
Safer, newer, yet you can not pay with them everywhere. About 40% of the new 2,000 forint bills and 40% of the 5,000 forint bills have been renewed by the Hungarian National Bank (MNB) since their... 

MNB to Liquidate a Credit Institution

April 21, 2017, 10:54 am
MNB has revoked Argentum Zrt’s permit to conduct business and ordered its liquidation. The company’s market share and impact was marginal. The National Bank of Hungary (MNB) withdrew the... 

NOK Recruiter Shares, We Start in May!

April 21, 2017, 10:01 am
We have asked Carion Holding to find out about the conditions of the Hungary’s first National Homeowner’s Community (Nemzeti Otthonteremtési Közösség, NOK). We received the news earlier this... 

OTP Gets Green Light to Buy Croatian Splitska Bank

April 21, 2017, 8:57 am
The Croatian Competition office, followed by he Croatian National Bank (HNB), gave its approval to OTP Bank to purchase Société Générale’s Croatian subsidiary Splitska Bank. Société Générale... 
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