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Hungary c.bank defends forint with surprise statement

June 19, 2018, 3:43 pm
In the Monetary Council’s view, the current loose monetary conditions can no longer prevail up to the end of the 5 to 8-quarter horizon of monetary policy, the National Bank of Hungary (MNB) commented... 

Hungary forint rebounds after strong message by central bank

June 19, 2018, 3:33 pm
Hungary’s forint depreciated to 325 versus the euro in the afternoon on the back of the central bank's official post-meeting statement, but the MNB has also sent a strong message to markets that... 

Hungary central bank gives rationale for policy decision

June 19, 2018, 3:00 pm
The Monetary Council of the Hungarian central bank (MNB) has published its official post-meeting statement after leaving monetary conditions unchanged on Tuesday. The statement contains indications to... 

Moody's has new ratings for Hungarian banks

June 19, 2018, 2:41 pm
Moody's Investors Service has assigned Counterparty Risk Ratings to 33 banks in Central and Eastern Europe (CEE), including Hungary’s Budapest Bank, Erste Bank Hungary, FHB Mortgage Bank, K&H Bank... 

Hungary cenbank holds policy meeting - Here's the decision!

June 19, 2018, 2:15 pm
In line with expectations, the Monetary Council of the Hungarian central bank (MNB) has kept its base rate (they still label benchmark) unchanged. As a result, the base rate remains 0.9% and the two ends... 

Hungary debt manager raises T-bill auction over large demand

June 19, 2018, 11:54 am
Hungary’s Government Debt Management Agency (ÁKK) allotted HUF 52 billion worth of 3-month discount Treasury Bills at its weekly auction on Tuesday instead of the planned HUF 40 bn, and the average... 

Hungary c.bank to think tightening for the first time in 6 yrs - HUF beware?

June 19, 2018, 11:09 am
The upcoming monthly policy meeting of the National Bank of Hungary (MNB) on Tuesday is likely to offer more thrills than any time over the last few years. This is the first time in the past six years... 

ANALYST VIEW - Morgan Stanley lowers target price for Hungary's OTP

June 19, 2018, 8:30 am
Morgan Stanley has lowered its target price sharply for Hungary’s OTP. The new TP is HUF 13,400, which may be HUF 1,200 lower than the previous one, it still offers an upside potential of 38% compared... 

Hungary forint remains weak, while Turkish lira comes around

June 18, 2018, 4:38 pm
Hungary’s forint hardly moved on Monday morning versus the euro compared to its Friday close, while later in the day it has gradually weakened. Close to 5 P.M. it was once again close to reaching... 

Hungary's TriGranit sold to Revetas

June 18, 2018, 4:21 pm
Almost three years after Sándor Demján, one of Hungary’s wealthiest people, sold in a surprise move a huge share of his life’s work, the then buyer TPG has now sold TriGranit. The buyer is... 

International Investment Bank to set up shop in Budapest

June 18, 2018, 3:40 pm
The International Investment Bank (IIB) is to open a regional office in Budapest, Hungary’s Finance Minister Mihály Varga announced on Monday after signing a Memorandum of Understanding with IIB... 

Tech and IT chief of Hungary's Magyar Telekom to leave group

June 18, 2018, 3:11 pm
Magyar Telekom, Hungary’s leading telecommunications group, has announced on Monday that Chief Technology and IT Officer, Kim Kyllesbech Larsen will leave the company as of 30 June and will continue... 

Thought Hungary was ridden by labour shortage? Check out the Czechs!

June 18, 2018, 12:17 pm
Labour shortage is becoming an increasingly pressing issue not only in Hungary, but in the entire European Union. The job vacancy rate in the EU28 was 2.2% in the first quarter of 2018, up from 2.0% recorded... 

Coca-Cola launches production of new product in Hungary

June 18, 2018, 11:02 am
Coca-Cola HBC Hungary has expanded its manufacturing capacity, and with a new 1.8 billion forint investment it launched the bottling of a new, innovative product, “smartwater". Coca-Cola HBC Hungary... 

Fate of Hungary's forint in the hands of the central bank

June 18, 2018, 10:17 am
There will not be a whole lot of macroeconomic releases this week, but central banks should be kept in focus, nevertheless. For Hungary, it is naturally the MNB policy meeting that matters the most, but... 

Hungary forint could find itself in vicious circle, analysts warn

June 15, 2018, 4:34 pm
The Turkish lira is not the only currency hitting lows this week - the Hungarian forint has joined in, analysts at Commerzbank wrote in a research note on Friday. Like the lira was until recently, the... 

Knorr-Bremse to boost capacity at Hungarian plant

June 15, 2018, 3:54 pm
Knorr-Bremse Group, the world’s leading manufacturer for braking systems for rail and commercial vehicles, is to invest 600 million forints (EUR 1.86 million) to increase production capacity at its... 

Credit institutions in Hungary start year with robust results

June 15, 2018, 3:41 pm
The growth momentum of the Hungarian banking sector we have witnessed over the last two years continues. Credit institutions in Hungary posted 160 billion worth of combined after-tax profit in the first... 

Hungary forint makes it to scary ranking

June 15, 2018, 2:34 pm
The forint has not been able to recover from a sharp drop versus the euro on Thursday and remains hovering around 323 on Friday. HUF easing against the USD was even more spectacular, only the peso of currency... 

Italian insurance giant may make acquisitions in Hungary too

June 15, 2018, 11:37 am
After acquisitions in Slovenia and Poland, Generali Group is open to such transactions in Hungary too if the price is right, but it primarily aims for organic growth on this market. Besides the regional... 
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