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OTP, Raiffeisen, and K&H Won the Most Corporate Clients

June 23, 2017, 11:12 am
According to company database analyst Opten, OTP, Raiffeisen, and K&H Bank increased the number of their coprorate clients the most in the past five years. Interestingly, however, it is less charasteristic... 

Further Income Tax Cuts May Be Feasible

June 23, 2017, 10:47 am
"The one-digit tax rate is still not off the table. So much so that the government will talk about it again in the future," said Economy Minister Mihály Varga in an interview to Hungarian daily Magyar... 

MNB To Launch New Coins

June 23, 2017, 8:48 am
Primarily for numismatists, but can also be used to buy things Hungarian folk music researcher, artist, and composer László Lajta was born 125 years ago. For his birth anniversary, Hungarian National... 

Berenberg Says Hungarian Telekom To Be Worth More

June 23, 2017, 8:12 am
Berenberg raised Hungarian Telekom’s target price, papers recommended for purchase From the earlier 540 HUF, Berenberg raised Hungarian Telekom’s papers’ target price to 550 HUF.... 

Hungary not to give up on euro, EcoMin says

June 22, 2017, 4:11 pm
Hungary's economic policy cannot give up on the long-term intent to join the eurozone, although there is no urgency, Economy Minister Mihály Varga said at a business lunch of the Joint Venture Association.... 

Gov't to spend HUF 40 bn on Budapest hospitals

June 22, 2017, 3:30 pm
The government of Hungary plans to set up four major healthcare centers in Budapest, spending HUF 40 billion on the scheme this year, János Lázár, the minister leading the Prime Minister’s Office... 

Hungary debt manager sells HUF 50 bn in gov't bonds

June 22, 2017, 1:31 pm
Demand was relatively low for Hungarian government bonds at the Government Debt Management Agency’s (ÁKK) biweekly auction on Thursday, especially for short-term government bonds. Despite that, the... 

EU Court rules against Hungary in Unibet gambling case

June 22, 2017, 11:57 am
"The Hungarian legislation on the authorization of online games of chance is not compatible with the principle of the freedom to provide services," the Court of Justice of the European Union said in... 

Hungary Mol cuts motor fuel prices

June 22, 2017, 11:18 am
Hungarian oil and gas group Mol will lower the wholesale price of both diesel and gasoline by HUF 2 per liter as of Friday. After the price cut, the average price of gasoline will be HUF 334, while... 

Hungary central bank unconcerned by inflation fears

June 22, 2017, 10:45 am
Despite extremely fast wage growth, a labor shortage and the picking up of the external economic environment, the National Bank of Hungary (MNB) now expects to meet the 3% inflation target even later than... 

Hungary's OTP buys own shares for HUF 1.86 bn

June 22, 2017, 9:05 am
OTP Bank bought 200,000 treasury shares at an average price of HUF 9,312 on Wednesday for a total of HUF 1.86 bn. The bank now owns 3,876,658 of its shares. OTP's last major treasury share purchase... 

CEE, Hungary show it how it's done when it comes to growth

June 21, 2017, 4:55 pm
Nowhere in the world have expectations for growth changed so rapidly and positively as in central and eastern Europe, The Financial Times said in an article about CEE growth. The consensus forecast... 

Hungary's 'Team Mészáros' gets the green-light

June 21, 2017, 3:16 pm
Hungary’s economic competition authority has given the go-ahead to Lőrinc Mészáros, an ally of Prime Minister Viktor Orbán, to gain majority control in Opimus through his companies and his own shareholding... 

Hole in Hungary's budget is due to expenditures running high

June 21, 2017, 12:01 pm
Whereas Hungary’s state budget generally accumulated surplus in May in the last few years, this year it posted deficit, primarily because expenditures run high. We have already reported about... 

Hungary is not a bad place to feed your vices

June 21, 2017, 10:48 am
Bloomberg has made the following map, showing how cheap or expensive it is in different countries to indulge in a weekly habit of drugs booze and cigarettes. Bloomberg has tallied up the cost of a generic... 

Real wages keep on rising in Hungary

June 21, 2017, 9:00 am
Wage growth in Hungary continued to accelerate in April: net wages jumped 12.1% year on year, the Central Statistical Office (KSH) reported on Wednesday. With inflation at 2.2% yr/yr, net wages at real... 

Hungary cenbank maintains cautious growth estimates

June 20, 2017, 5:02 pm
Regardless of the robust start in 2017, economists at the National Bank of Hungary (MNB) remain cautious when projecting economic growth for the country. Their updated inflation estimates, however, clearly... 

Hungary c.bank lowers cap on 3-month depo facility by HUF 200 bn

June 20, 2017, 3:37 pm
The National Bank of Hungary (MNB) has set a 300 billion forint upper limit on the stock of 3-month central bank deposits for the end of the third quarter of 2017, a statement by the Monetary Council revealed... 

Hungary cenbank ready to ease monetary conditions further

June 20, 2017, 3:01 pm
The Hungarian central bank (MNB) expects its medium-term inflation target to be achieved in a sustainable manner half a year later, from early 2019, the rate-setting Monetary Council said in a statement... 

U.S. State Department also objects to Hungary's new NGO law

June 20, 2017, 2:56 pm
After the Embassy of the United States in Budapest expressed its concern about the adoption of new rules on non-governmental organisations funded from abroad, the U.S. State Department has also issued... 
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