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Is it already a fear of inflation? Hungarians have a new favourite gov't security

October 17, 2017, 11:27 am
The Premium Hungarian Government Security was the most popular government security in Hungary in September 2017, with nearly 120 billion forints worth of purchases. This inflation-indexed instrument was... 

Hungary's construction sector booms in August

October 17, 2017, 9:00 am
The volume of Hungary’s construction output grew by 9.8% (!) month on month in August 2017, the Central Statistical Office (KSH) reported on Tuesday. This is a massive growth even considering that... 

One chart on poverty in Hungary and in the European Union

October 17, 2017, 8:05 am
Eurostat, the statistical office of the European Union, has published poverty data for the block on the occasion that 17 October is the International Day for the Eradication of Poverty. Although the figures... 

Credit rating revision, EU summit in focus for Hungary this week

October 16, 2017, 8:53 am
Hungary’s sovereign debt rating is scheduled for review on Friday evening at Moody’s. A two-day EU summit starting on Thursday with a focus on the migration crisis will also be crucial for... 

Hungary forint temporarily weakens after central banker remarks

October 13, 2017, 3:50 pm
Downward risks to inflation are on the rise in Hungary, partly due to external factors central bank Deputy Governor Márton Nagy said at a conference in Budapest on Friday. He added that inflationary expectations... 

Hungary gives CEU one more year to comply with higher ed law

October 13, 2017, 1:49 pm
The Hungarian government has submitted an amendment proposal to its Higher Education Act. The Justice Minister said on Friday that despite mounting pressure that lacks any legal grounds the cabinet insists... 

Hungary will not rush to adopt euro - PM aide

October 13, 2017, 10:57 am
Hungary opposes plans for deeper integration in the euro zone and will not rush to join the currency bloc before it is ready, a senior aide to Prime Minister Viktor Orbán told Reuters. Szabolcs Takács... 

House prices show surprise drop in Hungary

October 13, 2017, 9:44 am
House prices, as measured by the House Price Index, rose by 3.8% in the euro area and by 4.4% in the EU in the second quarter of 2017 compared with the same quarter of the previous year, Eurostat, the... 

Hungarian gov't to add HUF 24,000 to average pension in November

October 13, 2017, 9:10 am
As the November deadline is approaching, we hear more and more about the end-year pension bonus. This time Economy Minister Mihály Varga touched upon the matter in a home for the elderly on Thursday.... 

Hungary EcoMin promises easier job terms for retirees

October 12, 2017, 5:01 pm
At its meeting on Thursday, Hungary’s National Competitiveness Council has addressed possible incentives to adult learning and ways to improve the current labour situation. Economy Minister Mihály... 

Moody's: Hungary Mol better than PKN in terms of business resilience

October 12, 2017, 2:37 pm
While Hungarian oil and gas group Mol surpasses Polish peer Polski Koncern Naftowy Orlen S.A. (PKN Orlen) in terms of overall business profile resilience PKN Orlen beats Mol in terms of its downstream... 

Yields on long Hungarian bonds cannot drop further

October 12, 2017, 12:14 pm
Hungary’s Government Debt Management Agency (ÁKK) allotted HUF 53.5 billion worth of bonds at its biweekly auction on Thursday instead of the originally planned HUF 40 billion, but yields did not... 

World's largest railway break system plant to be opened in Budapest

October 12, 2017, 11:51 am
The largest railway break system factory will be inaugurated in Budapest next week, an invitation to the event showed on Thursday. Knorr-Bremse Rail Systems Budapest will hold the official opening ceremony... 

Vehicle production to the rescue of Hungary's industry again

October 12, 2017, 11:13 am
Hungary’s industry was awakened from its summer slumber by the loud noise vehicle manufacturing made, detailed figures released by the Central Statistical Office (KSH) for August showed on Thursday.... 

Hungary Richter signs deal with Sweden's Pharmanest

October 12, 2017, 9:04 am
Gedeon Richter, Hungary’s leading pharmaceutical producer, has expanded its strategically important gynaecology portfolio by an agreement signed with a Swedish company. Under the deal, Richter will... 

European Parliament to vote on Hungary in rule of law case next September

October 12, 2017, 8:37 am
Civil Liberties MEPs will assess in the coming months whether Hungary is at risk of a serious breach of EU values. If this is the case, Parliament could ask the Council to act. The resolution will be put... 

We did not expect this - Five peculiar claims about Hungarian banks

October 11, 2017, 4:40 pm
The crisis is over, there has been a turnaround in lending and we have undeniable growth in the Hungarian banking sector, as we have reported in numerous articles over the last few months. Engaging the... 

Extraordinary changes in Hungary's private health care sector

October 11, 2017, 11:51 am
Portfolio’s Private Health Forum 2017 conference kicked off by a presentation given by Bertalan Jászkuti, founder, co-owner and managing director of Heal Partners Ltd., on local private health care... 

Turnaround at the pumps - Hungary's Mol lowers price of diesel

October 11, 2017, 8:41 am
Hungarian fuels group Mol has lowered the wholesale list price of diesel fuel by 5 forints on Wednesday, while the price of the 95-octane petrol has not changed. The cut has taken the average price... 

Hungary EcoMin submits bill to lower social contribution tax

October 11, 2017, 8:21 am
Hungary’s Economy Minister Mihály Varga has submitted a bill to Parliament on Tuesday that would lower the employers’ social contribution tax to 19.5% from the current 22% as of next year.... 
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