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Hungarian state could enter pension savings market

October 16, 2018, 12:29 pm
Hungary has set record in Europe with its high stock of government securities held by households, Government Debt Management Agency (ÁKK) Chief Executive Officer György Barcza told a Portfolio conference... 

Hungary cenbank announces tenfold increase in gold reserves

October 16, 2018, 10:16 am
The Monetary Council of the National Bank of Hungary (MNB) has decided to raise the amount of the bank’s reserves kept in gold by tenfold to 31.5 tonnes. MNB Governor György Matolcsy told a press... 

Hungary Duna House warns of revenue loss over gov't squashing LTP

October 16, 2018, 9:05 am
If Hungary does away with state grants in the home savings scheme (LTP), it could have a negative impact on the consolidated results of Duna House, the company warned on Tuesday. Management, however, kept... 

Hungary cenbank fired its weapons, it's time to reload them

October 15, 2018, 9:30 pm
Analysts polled by Portfolio agree that the National Bank of Hungary (MNB) will not deliver any surprise at is policy meeting on Tuesday, either by raising interest rates or making an unexpected announcement... 

Hungary central bank to make "extraordinary announcement" on Tuesday

October 15, 2018, 4:09 pm
The National Bank of Hungary (MNB) has called a press conference for 10 A.M. on Tuesday. The invitation says: “Extraordinary Announcement - The Investment Policy of the MNB". At this point, we... 

Hungary to nix state grants in building society funds

October 15, 2018, 1:42 pm
Hungary plans to do away with state grants in the Building Society Fund (LTP) system, shows a bill submitted by a member of the ruling Fidesz party to Parliament on Monday. The bill has already been... 

Hungary construction sector boom confuses statistics too

October 15, 2018, 10:12 am
The volume of Hungary’s construction output grew by 1.9% month on month in August. This was the fifth consecutive month when the output expanded which allowed the sector to work off its contraction... 

Can Hungary's central bank still cause a surprise?

October 15, 2018, 8:44 am
The central bank’s upcoming policy meeting is clearly the biggest event in Hungary this week. Elsewhere in the world, GDP data are in the pipeline, the first coming out from China. What we mean to... 

Chinese giant Alipay debuts in Hungary

October 12, 2018, 5:39 pm
UniCredit Bank Hungary and Alipay have signed an agreement, the first in the country, making China's most widespread mobile payment method available to Chinese visitors coming to Hungary from 2019, the... 

Hungary needs single-digit personal income tax - Matolcsy

October 12, 2018, 5:12 pm
Hungary needs to be a winner in the following years and for that it has to maintain economic upturn, and also strengthen the country’s competitiveness in continuous steps by 2030, said György Matolcsy... 

Hungary's Orbán no longer has a place in the EPP - Juncker

October 12, 2018, 3:35 pm
Viktor Orbán has no place in the European People’s Party (EPP) any longer, stated Jean-Claude Juncker, President of the European Commission told French daily newspaper Le Monde in an interview published... 

Minister reveals size of subsidy for Hungary's new BMW plant

October 12, 2018, 2:34 pm
The Hungarian government will subsidise an investment by German carmaker BMW with over 12.3 billion forints and it will pay off royally, the country’s Minister of Foreign Affairs and Trade said in... 

Hungary Magyar Telekom announces departure of a Deputy CEO

October 12, 2018, 12:46 pm
Magyar Telekom, Hungary’s leading telecommunications group, has announced on Friday that its Chief Legal and Corporate Affairs Officer will leave the company with mutual agreement as of the end of... 

Putin and Orbán have plans to further expand relations in various areas

October 12, 2018, 11:38 am
Russia and Hungary have amassed an impressive potential for cooperation, said Vladimir Putin, President of Russia, after 23 newly-arrived ambassadors presented their credentials to him in the Kremlin on... 

Automotive companies in Hungary flick the switches back on

October 12, 2018, 9:00 am
As it was expected, Hungary’s industry improved its performance substantially in August. The volume of industrial production grew by 3.8% month on month in August, which led to a 4.5% year-on-year... 

EU drive to cap VAT would prevent Hungary from lowering taxes

October 12, 2018, 8:42 am
Part of the coverage of tax reductions in Hungary would be taken away by the proposal recently adopted by the European Parliament to maximise the rate of the value-added tax (VAT) at 25%, said a parliamentary... 

Map shows dramatic air pollution in Hungary

October 11, 2018, 5:03 pm
Air pollution is currently the greatest risk to health in the European Union therefore it is one of, if not the main reason for premature deaths. Air pollution is severe in a number of countries, including... 

Even if EU funds dry up, Hungary's debt manager has large enough buffer

October 11, 2018, 4:36 pm
Hungary’s Government Debt Management Agency (ÁKK) has a buffer of over 700 billion forints in case EU funds do not get transferred from Brussels this year, Chief Executive György Barcza told Portfolio... 

Yields leap at Hungary's bond auctions

October 11, 2018, 12:15 pm
Hungary’s Government Debt Management Agency (ÁKK) has allotted 82.5 billion worth of government bonds at its biweekly auctions on Thursday instead of the planned HUF 55 bn. The sold amounts exceeded... 

Ministry works out ways to separate Hungary's private and public health care

October 11, 2018, 9:19 am
We have worked out the first proposals aimed at separating private and public health care services, the Minister for Human Capacities told pro-government daily Magyar Idők on Thursday. Miklós Kásler added... 
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