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Commission tightens medium-term budgetary objective for Hungary

April 15, 2019, 11:30 am
A new type of fiscal disciplinary action by the European Commission has been in progress against Hungary for almost a year now. Prime Minister Viktor Orbán’s government, however, has not budged so... 

Hungary's construction sector shifts into ludicrous speed

April 15, 2019, 9:00 am
The volume of construction output in Hungary, jumped 48% year on year in February, according to raw data. The growth is gigantic even compared to the readings of the previous months that caused surprises... 

We'll find out this short week whether concerns are China are valid

April 15, 2019, 8:05 am
The week ahead is going to be rather dull, compared to a usual week, as there are only four working days in Hungary due to Good Friday. Key data are to be released mostly abroad. China is set to kick of... 

Hungary's Orbán wants to do more business with China

April 12, 2019, 5:30 pm
The construction contracts for the modernisation of the Budapest-Belgrade railroad may be signed shortly, Hungarian Prime Minister Viktor Orbán said at the 16+1 summit, a co-operation forum between China... 

Hungary Mol to buy outstanding Slovnaft shares

April 12, 2019, 4:45 pm
Hungarian energy group Mol has announced on Friday that it is going to make a voluntary public offer to the shareholders of Slovnaft a.s. for all outstanding shares not yet held by Mol. Through this... 

Hungary's Mol faces no risk of hostile takeover attempts - Hernádi

April 12, 2019, 1:49 pm
Hungarian energy group Mol held its annual general meeting on Thursday. Chairman-CEO Zsolt Hernádi talked with analysts and journalists after the AGM about the main trends at the company and in the sector.... 

Hungary's OTP to buy three more banks and then it will stop - Csányi

April 12, 2019, 1:22 pm
OTP Bank, Hungary’s largest lender, is holding its annual general meeting today. Besides the usual matters there are two more interesting items on its agenda, one is dividend payment, and the other... 

Hungary under increased pressure to restore original BRUA route

April 12, 2019, 9:40 am
Pressure mounts on Hungary to restore the original route of the Bulgaria-Romania-Hungary-Austria (BRUA) pipeline, reported Interfax Global Energy, a site that is generally well-informed in natural gas... 

No airline ups passenger numbes as much as Hungary's Wizz Air

April 12, 2019, 8:08 am
No-frills airlines have recorded the largest growth in passenger numbers in Europe in the first quarter of 2019 compared to Q1 2018, passenger traffic data released by the airlines show. The largest... 

Hungarian Premier to meet Chinese counterpart

April 11, 2019, 5:09 pm
On Thursday afternoon, Hungary’s Prime Minister Viktor Orbán will travel to Dubrovnik, Croatia where he will attend the eighth “16+1" summit, the most senior economic co-operation forum of... 

Inflation-linked government securities steal the show in Hungary

April 11, 2019, 4:57 pm
The total stock of retail government securities reached 7,637 billion forints by the end of March 2019, which marks a HUF 4.3 bn decline over the end of 2018. The value of retail debt purchases, however... 

Hunters keep gathering around Budapest Bank

April 11, 2019, 2:54 pm
Hungarian banks take excessive risks mainly in corporate lending, they should pay particular attention to project financing, and operating challenges are also significant, bank executives agreed in a panel... 

A host of banks could disappear in the following years

April 11, 2019, 11:45 am
As the Central and Eastern European market is so fragmented, it is most difficult to operate a successful bank in the region. We’re still in an early stage of utilising regional synergies, but consolidation... 

Raiffeisen confirms intention to bid for Budapest Bank

April 11, 2019, 11:11 am
Raiffeisen Bank International (RBI) is ready to make a bid for Budapest Bank, the Austrian bank has confirmed to Hungarian business daily Világgazdaság on Thursday. Ingrid Krenn-Ditz, press chief of... 

Hungary needs five large universal banks - central banker

April 11, 2019, 10:25 am
The global banking sector has not yet regained investors’ confidence, but Hungary and the Central and Eastern European are doing well. Yet, banks in Hungary cannot grow complacent: loan penetration... 

Swings and roundabouts

April 11, 2019, 9:58 am
60, 59, 58, 55... this is how the number of taxes has changed in Hungary over the past 4 years. The trend is certainly encouraging, but behind the figures there are some more complex phenomena at play.... 

Hungary wants to overhaul health care funding regime

April 11, 2019, 9:37 am
Everyone today is expecting the renewal of the health care system and the government is providing all assistance to the birth of a new health culture in Hungary, the Minister of Human Capacities said in... 

EU-funded scientists unveil first ever image of a black hole

April 10, 2019, 5:02 pm
The European Commission has on Wednesday revealed the first ever image of a black hole taken by Event Horizon Telescope, a global scientific collaboration involving EU-funded scientists. This major discovery... 

Hungarian banks employ more people, but branch network is a goner

April 10, 2019, 4:22 pm
The number of bank employees has decreased by one tenth and the number of bank branches has declined by one third in Hungary since 2008. In the last two years, however, these two processes separated. Banks... 

Hungary opens USD 620 mn credit line to help local companies in Mexico

April 10, 2019, 3:06 pm
Hungary’s Eximbank signed an agreement with Latin American development bank Bancomext of Mexico on supporting Hungarian corporate investments in Mexico, the Ministry of Foreign Affairs and Trade... 
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