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OTP Bank, Hungary’s largest lender, has announced on Monday that it partially cancelled EUR 125 million subordinated notes. “OTP Bank Plc. purchased on the secondary market Notes from the... 

Hungary could save tens of billions of forints if it could reach a deal on a financial assistance programme with the International Monetary Fund (IMF) and the European Commission, said Péter Benő Banai... 

The biggest conflict in the bailout talks between Hungary and the International Monetary Fund (IMF) could be expected on the subject of the flat-tax system, at least this is what the latest remarks indicate.... 

The Hungarian government will need to take further steps and play hardball on the fiscal front if it wants to keep the budget deficit below the 3% of GDP mark this year, said András Vértes, head of local... 

Spanish airline Vueling may be interested in buying a stake in Hungary’s troubled state-owned carrier Malév, local daily Népszabadság reported on Friday. It said the talks have already reached... 

There is no precondition whatsoever to staring formal negotiations with the IMF and the European Union on a credit facility for Hungary. The Hungarian government is ready for the talks so these can start... 

Hungary’s Economy Minister György Matolcsy is presently at an extraordinary hearing before Parliament’s budget committee. He addressed the 2011 budget and acknowledged that there are serious... 

The Hungarian subsidiary of French tyre maker Michelin boosted its revenues by more than 10% in 2011, but it has grown uncertain about its future investments in the country, local daily Világgazdaság reported.... 

Raiffeisen will earn back the losses suffered in Hungary over an assistance scheme for foreign currency debtors within a manageable timeframe, said Raiffeisen Bank International (RBI) Chief Executive Herbert... 

Although interest for Hungarian debt was not overwhelming at today’s bond auctions, the Government Debt Management Agency (ÁKK) still sold more of each of the three maturities on sale than originally... 

Hungary’s national airline Malév could become inoperative soon, said the government commissioner in charge of holding public servants to account. Gyula Budai, after his office has put together... 

On top of its Staff Report on Article IV consultations the International Monetary Fund (IMF) has also released a statement providing information that has become available since the issuance of the Staff... 

Hungary’s forint has not been as strong as on Thursday morning for three months. Shortly after 8 A.M. the HUF was quoted south of 296 versus the euro on the interbank market. After 09:00 it gained... 

AAA Auto has announced that its chief executive officer, Anthony James Denny, purchased further stakes in his company on 25 January 2012. Denny acquired a total of 5,550 AAA Auto shares for CZK 98,815.5... 

Shareholders of Hungarian drugs producer Egis approved every proposal of the Board of Directors at the company’s annual general meeting on Wednesday. This means shareholders will be entitled to... 

After being stalled by Hungarian authorities the IMF Staff Report for the Article IV Consultation and Second Post-Program Monitoring Discussions has finally been published on Wednesday. While the International... 

Hungarian Prime Minister Viktor Orbán, keen to strike a deal with the European Union and International Monetary Fund (IMF) on financial backing, said on Wednesday he can push any needed legal changes through... 

As no issue is taboo in the talks with Brussels, the only question is “when the negotiations will begin. In view of the developments this could happen in any moment; it is not up to Hungary anymore,"... 

(Adds new comments on page 3 and 4) Against the market’s call for a 50-bp hike, the Monetary Council of the National Bank of Hungary (NBH) has kept the base rate on hold at 7.00% on Tuesday, breaking... 

Hungary’s retail sales grew by 1.1% year on year, according to data adjusted for calendar effects, which marks the highest annual increase in over a year. At the same time, the 0.2% month-on-month...