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Poland deploys Hungary's "wonder weapon"

April 17, 2018, 9:52 am
Poland plans to lower the corporate income tax for small and medium-sized companies to 9% from 15%, PAP news agency reported. After the measure the Polish CIT rate would match Hungary’s own, which... 

Hungary PannErgy reports robust figures for the first quarter of 2018

April 17, 2018, 9:11 am
Hungary’s geothermal energy company PannErgy sold more heat in the first quarter of 2018 than in the same period of 2017, data in the company’s Q1 earnings report show. The comparison of... 

EFDI appoints Hungarian expert first Secretary General

April 17, 2018, 8:36 am
The Board of Directors of EFDI, the European Forum of Deposit Insurers and Investor Compensation Schemes, has appointed András Fekete-Győr as Secretary General with effect from April 2018. He has led Hungary’s... 

Hungary Magyar Telekom receives dividend from subsidiary

April 16, 2018, 4:25 pm
Makedonski Telekom AD, the Macedonian subsidiary of Hungarian telecommunications group Magyar Telekom, has decided at its Annual General Meeting on Monday to pay 1.58 billion denar (cc. HUF 8.0 billion)... 

5 key remarks Hungarian PM Orbán has made since election win

April 16, 2018, 3:01 pm
Hungary’s Prime Minister Viktor Orbán, who won his fourth and third consecutive term on the 8 April parliamentary election, has made several key remarks that give us food for thought as to what plans... 

Populist Orbán or not, Hungary could become a real safe haven

April 16, 2018, 11:48 am
Despite the common denominator of having populist governments in power, there are huge differences in terms of political risks between Poland and Hungary, as well as between Turkey and Russia, and this... 

Bus production to be given a boost in Hungary

April 16, 2018, 10:13 am
Busmaker Kravtex is to expand its production capacity and modernise its technology in Hungary with a two billion forint (EUR 6.43 mn) investment, pro-government daily Magyar Idők reported on Saturday.... 

Hungary vote count ends, PM Orbán's Fidesz has supermajority

April 16, 2018, 9:21 am
The counting of votes cast in Hungary’s parliamentary election on 8 April has been finished, and the (still not yet legally binding) end result has been reached in all individual constituencies.... 

We'll see this week if sharp wage rise remained in Hungary or not

April 16, 2018, 8:47 am
The frequency of macroeconomic releases will pick up this week. Reports for first-quarter GDP data are in the pipeline, with China in the lead. The verbal give-and-take between the United States and Russia... 

NATO Ambassador raps Hungary for conflict management with Ukraine

April 13, 2018, 4:56 pm
Hungary should not raise the problems it has with Ukraine to a NATO level, Permanent Representative of the United States to the North Atlantic Treaty Organization (NATO) Kay Bailey Hutchison told a security... 

Hungary OTP to continue acquisitions in 2018 - Csányi

April 13, 2018, 4:14 pm
OTP, Hungary’s largest bank by assets, has held its Annual General Meeting on Friday. Chairman-CEO Sándor Csányi assessed the bank’s 2017 performance, talked about plans for this year, and... 

Multinationals picking up parts of Hungarian billionaire CBA owner's empire

April 13, 2018, 1:50 pm
Three CBA stores are soon to be opened under the Spar flag, which signals that László Baldauf continues to back out of his network, Portfolio has learned. The billionaire founder of the CBA network started... 

Euro adoption is not a priority for Hungary - cenbank chief economist

April 13, 2018, 9:22 am
The European Union is currently at the crossroads, partly due to Brexit and partly due to external pressure, the competitive disadvantage created rapidly emerging Asian countries, said the chief economist... 

Here's how much dividend Hungary's Mol will pay from 2017 profits

April 12, 2018, 3:31 pm
Hungarian oil and gas group Mol has held its Annual General Meeting (AGM) on Thursday, and approved the Board of Directors’ proposal for the payment of HUF 94 billion dividend, which translates into... 

Hungary raises bond auction over heavy demand

April 12, 2018, 2:24 pm
Hungary’s Government Debt Management Agency (ÁKK) has allotted HUF 97 billion worth of 3-year, 5-yr and 10-yr bonds at its biweekly auction on Thursday, HUF 27 billion more than planned. The issuer... 

Six measures Hungarian PM Orbán's latest remarks foreshadow

April 12, 2018, 2:04 pm
Hungary’s incoming government Prime Minister Viktor Orbán promised earlier this week to be renewed is to focus its social and economic policy on improving the country’s demographics, the PM’s... 

Hungary's industrial performance no longer driven by vehicle production

April 12, 2018, 9:00 am
The volume of Hungary’s industrial production grew by 0.5% month on month in February 2018, the Central Statistical Office (KSH) reported on Thursday. The sector managed to expand further after two... 

We got a date for the formation of Hungary's new Parliament

April 12, 2018, 8:15 am
The constitutive session of Hungary’s new Parliament will be held on May 7-8. The first item on the agenda is the ‘Stop Soros’ package of legislation, and MPs would also start debate... 

What will Hungary's 4th Orbán cabinet do?

April 11, 2018, 2:18 pm
Markets reacted favourably to the resounding victory of Prime Minister Viktor Orbán Fidesz party in Sunday’s parliamentary election. Analysts told Portfolio they expect continuity in terms of a disciplined... 

Hungary's Orbán emboldened in his illiberal democracy agenda

April 11, 2018, 10:06 am
Hungary’s ruling Fidesz party won another two-thirds majority in parliament amid high turnout that could further embolden Prime Minister Viktor Orbán in his nationalistic, anti-migration agenda... 
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