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No agreement on minimum wage hike in Hungary

December 7, 2018, 8:15 am
As social partners were unable to agree on the minimum wage and the wage minimum for skilled workers to be in effect as of 1 January 2019 the government could decide on the wage hike next Wednesday. This... 

Mercedes staff can expect major wage hike in Hungary

December 6, 2018, 2:04 pm
Trade unions at the Mercedes plant in Kecskemét, Hungary signed a new two-year wage agreement with the carmaker’s management on Thursday, 24.hu reported. The portal has learned that the employer... 

Hungarian government bonds as popular as ever, yields plummet

December 6, 2018, 1:48 pm
Hungary’s Government Debt Management Agency (ÁKK) allotted 75 billion forints worth of government bonds at its biweekly auction on Thursday instead of the planned HUF 55 bn. The 5-year and the 10-yr... 

CEZ to set up charging stations in Hungary

December 6, 2018, 11:34 am
Czech energy group CEZ is to set up fast-charging stations in Hungary. In the first stage, CEZ will focus on its home market, but then it wants to expand its network in countries where it is already present:... 

Hungary's industry recovers after faltering

December 6, 2018, 10:04 am
After hitting the breaks in September, Hungary’s industry managed to accelerate again in October and its year-on-year growth rate picked up, preliminary data published by the Central Statistical... 

Budapest Corvinus University among best business schools in Europe

December 6, 2018, 9:25 am
Budapest’s Corvinus University is ranked 82nd in the European Business School Rankings 2018 by The Financial Times. This marks a slippage of six spots compared to 2017 rankings. FT.com chooses... 

Hungary Mol amends employee share ownership program

December 6, 2018, 8:55 am
The Board of Directors of Hungarian oil and gas group Mol has decided to amend the funding process of Mol Employee Share Ownership Program Organization (Mol ESOP Organization) in order to comply with the... 

ANALYST VIEW - HSBC cuts target price for Hungary's Magyar Telekom

December 6, 2018, 8:50 am
HSBC has lowered its target price for Hungary’s Magyar Telekom to HUF 535 per share from HUF 570 previously, while it maintained its ‘Buy’ recommendation for the telecom stock. The new... 

Templeton guru disappointed, identifies worrying trend in Hungary

December 5, 2018, 4:38 pm
Outside of the Eurozone, countries like Hungary, Poland and the Czech Republic have slid even further toward protectionism and far-right nationalism. This is a worrying trend for European integration... 

OTP's Bulgarian acquisition is on track

December 5, 2018, 1:33 pm
After Bulgaria’s central bank gave the go-ahead to Hungary’s OTP buying a bank from Societe Generale in the country, the local financial supervision has also green-lighted the acquisition.... 

EU calls on Hungary again to implement fiscal adjustment

December 5, 2018, 11:34 am
As the Hungarian authorities have disregarded the European Commission’s recommendations, it is now the Council of EU finance ministers (ECOFIN) that urges Hungary to implement efficient measures... 

Hungary forint seen depreciating markedly in 2019 - analysts

December 5, 2018, 9:08 am
Hungary’s forint was found to be the second riskiest Emerging Market currency in November, up from the sixth spot in October in Nordea Bank’s ranking of 33 EM currencies, i.e. the Danish bank... 

Hungary's economic growth is through the roof

December 5, 2018, 9:00 am
Hungary’s gross domestic product grew by 4.9% year on year (unadjusted) in the third quarter of 2018, according to the second estimate by the Central Statistical Office (KSH), versus the preliminary... 

Hungary Magyar Telekom has frequency usage rights extended

December 4, 2018, 5:24 pm
Magyar Telekom, Hungary’s leading telecommunications group, has announced that it has extended its frequency usage rights for 11 billion forints. Based on the resolution of the National Media... 

Fitch sees strong resilience by CEE banks to expected economic slowdown

December 4, 2018, 3:57 pm
Fitch Ratings has a Stable Outlook on Central and eastern European (CEE) banks, saying it should be resilient to the expected moderation of economic growth across the region. It has a Positive Outlook... 

Hungary takes 2030 climate target very seriously - official

December 4, 2018, 3:27 pm
By 2030, Hungary will be able to reduce greenhouse gas emission by 40%, a state secretary at the Ministry of Innovation and Technology reassured on Tuesday. Péter Kaderják, in charge of energy issues and... 

Budapest to host 2023 world athletics championships

December 4, 2018, 2:25 pm
Budapest will host the 2023 athletic world championships, the International Association of Athletics Federation (IAAF) announced on Tuesday. The 2023 IAAF World Championships will take place in Budapest... 

Hungary short bill yield drops to all-time low

December 4, 2018, 12:18 pm
The average yield on Hungary’s 3-month discount Treasury Bills dropped to a new all-time low at the Government Debt Management Agency’s (ÁKK) weekly auction on Tuesday. In other words, investors... 

Hungary's Orbán has firm opinion on Mol-INA dispute

December 4, 2018, 11:34 am
“I know of no economic issue more valuable than the 800-year friendship between the Hungarians and the Croatians," said Hungary’s Prime Minister Viktor Orbán in Zagreb on Monday, following... 

Germany's Bosch to invest EUR 43.5 million in Hungary

December 4, 2018, 11:06 am
Germany’s Robert Bosch Power Tool, the biggest Bosch hand tool factory of the world, is to set up a European battery competence centre in Miskolc, northeast Hungary where it will also expand its... 
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