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Mounting risks tie government’s hands - OTP flash report

January 16, 2018, 4:45 pm
Although the underlying deficit and debt path remains favorable, mounting risks tie the government’s hands, according to a flash report released by Hungary’s OTP Bank. The main findings... 

Hungary least democratic country in EU - Freedom House

January 16, 2018, 3:35 pm
Hungary has scored 72 out of 100 in the Freedom in the World 2018 study published by Freedom House, making it the least democratic country in the European Union behind Bulgaria (80) and Romania (84). For... 

Hungary debt manager sells HUF 40 bn T-Bills at negative yield

January 16, 2018, 12:53 pm
The average yield slipped into negative territory again at the Government Debt Management Agency’s (ÁKK) regular weekly auction on Tuesday as demand for Hungary’s 3-month discount Treasury... 

Hungarians to be hurt by slower wage growth in 2018

January 16, 2018, 12:08 pm
Wages are expected to grow slower this year than in 2017, which will no doubt have some impact on the dynamics of consumption growth as well. A substantial drop is not in the cards, though, and this year... 

Hungary November hotel revenues up 16% yr/yr

January 16, 2018, 9:15 am
In November 2017, the number of nights spent by international tourists in Hungarian hotels and hostels increased by 8.7% to 973,000, while that of nights spent by domestic tourists grew by 5.6% compared... 

Hungary cenbank pours liquidity on local banks no more

January 15, 2018, 5:28 pm
The National Bank of Hungary (MNB) has held an FX swap tender in the 12-month segment on Monday, and has accepted HUF 25 billion worth of bids. Including today’s tender, excess liquidity ensured... 

Internet banking spreads at breakneck speed in EU, Hungary falls behind

January 15, 2018, 4:44 pm
Around half (51%) of adult Europeans use internet banking. This share is constantly increasing and has doubled since 2007, when it stood at 25%, Eurostat, the statistical office of the European Union... 

Hungary's Orbán talks Putin, Merkel, refugees with German paper

January 15, 2018, 2:23 pm
The European Union must help the refugees but you cannot help the world by ruining your own people, Hungary’s Prime Minister Viktor Orbán told German newspaper Welt am Sonntag in an interview published... 

PM Orbán talks with Audi exec about Hungarian plant

January 15, 2018, 12:27 pm
Hungary’s Prime Minister Viktor Orbán has met Peter Kössler, Member of the Board of Management of Audi AG in charge of production and logistics, and Chairman of the Board of Directors at Audi Hungaria... 

It won't be long before Hungary gets rating upgrade - Erste

January 15, 2018, 10:39 am
At least one of the three main credit rating agencies will upgrade Hungary’s sovereign debt rating in 2018, which should further broaden the potential investor base, analysts at Erste Bank wrote... 

Hungary construction sector takes time out but remains on track

January 15, 2018, 9:00 am
The volume of Hungary’s construction output was 1.4% smaller in November 2017 than in the preceding month, according to data adjusted seasonally and for working days, but this drop did not break... 

China to be first to release 2017 growth data this week

January 15, 2018, 8:19 am
Everything will be quiet on the macro front this week. We’ll need a strong magnifying glass to find key macroeconomic statistics either in Hungary or abroad. At the same time, growth stats for the... 

EU fraud office finds shady deals at lighting firm linked to Orbán's son-in-law

January 12, 2018, 4:09 pm
The European Union’s antifraud office recommends Hungary’s public prosecutor take legal action and the European Commission to recover more than 40 million euros from Hungary over “serious... 

INSTANT VIEW - Hungary's inflation slows in Dec17, as expected (2)

January 12, 2018, 12:22 pm
(Adds comment by J.P. Morgan on page2) Hungary’s consumer price index slowed to 2.1% year on year in December 2017 from 2.5% in November, slightly more than the consensus estimate of analysts in... 

If EU does not give Hungary money, we will turn to China, Orbán says

January 12, 2018, 11:55 am
2018 is a crucial year for Europe, Hungary’s Prime Minister Viktor Orbán said during a lecture in Berlin on Wednesday before the leaders of Germany’s largest corporations. He added that if... 

Budapest Airport traffic breaks record in 2017

January 12, 2018, 11:32 am
Traffic at Budapest’s Liszt Ferenc International Airport in 2017 grew at an unprecedented pace of nearly 15% in 2017. 13.1 million passengers used the airport last year, and the volume of air cargo... 

Austrian furniture maker to embark on EUR 17 mn investment in Hungary

January 12, 2018, 11:17 am
Austrian furniture maker Ada is to boost its manufacturing capacity in Hungary via a 5.2 billion forint (EUR 16.83 mn) investment, for which the Hungarian government grants HUF 1 bn worth of non-reimbursable... 

Consumer prices hardly rise in Hungary

January 12, 2018, 9:31 am
Hungary’s consumer price index slowed down to 2.1% year on year in December 2017 from 2.5% in November, the Central Statistical Office (KSH) reported on Friday. Analysts are not surprised by this.... 

Hungary's 'Team Mészáros' buys no further listed companies

January 12, 2018, 8:30 am
Several small caps have rallied on the Budapest Stock Exchange (BSE) in the last few days. Only on Wednesday, NordTelekom soared 50% and is up 155% since the start of the year. The others include FuturAqua... 

Hungary forint could firm to 300 versus the euro - analysts

January 11, 2018, 3:32 pm
Two fresh analyses about Hungary’s forint have just landed in our inbox. Strategist at UniCredit do not yet expect a major breakthrough, while Nordea projects EUR/HUF at 300 for the end of 2018.... 
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