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Hungary Richter sees stagnating group revenues, 20% domestic sales decline in 2012

May 10, 2012, 9:56 am
Hungary’s Richter has maintained its guidance for 2012 after releasing higher-than-expected profit figures for the first quarter on Thursday, thanks to milestones received by Watson and Forest. ... 

Hungary Magyar Telekom revenues rise for the 2nd quarter in a row in Q1

May 10, 2012, 9:26 am
Hungarian telecommunications group Magyar Telekom has overshot revenue and EBITDA expectations, while its operating and net profits in the first quarter of 2012 were below the consensus estimate in a Portfolio.hu... 

Hungary Richter reports major Q1 profit boost on milestones (2)

May 10, 2012, 8:48 am
(Adds details, charts) The first-quarter profit of Richter, Hungary’s leading pharmaceutical producer, came in greatly above market consensus, the company’s Q1 earnings report showed on Thursday.... 

INSTANT VIEW - Hungary: Old sector taxes replaced by new sector levies

May 9, 2012, 9:43 pm
The Hungarian government has on Wednesday approved the tax measures which were included in the Convergence Programme (or the Széll Kálmán Plan 2.0 - published on 23 April). In 2010 the government introduced... 

Hungary gov't approves new taxes (2)

May 9, 2012, 3:12 pm
(Updates with new info, Portfolio.hu viewpoint) Hungary’s government has on Wednesday approved the new tax measures that are included in the Széll Kálmán Plan 2.0, i.e. the telecom tax, the financial... 

Minutes show three-way split in Hungary's Monetary Council

May 9, 2012, 2:11 pm
As the Governor of Hungary’s central bank (NBH) revealed on 24 April, one member of the Monetary Council voted to raise the 7.00% base rate by 25 basis points (Deputy Governor Júlia Király) and one... 

Market forecasts profit decline at Hungary's Richter, Egis in Q1 (2)

May 9, 2012, 1:35 pm
Hungarian drug producers Egis and Richter are expected to report smaller profits for the first quarter of 2012 than their respective Q1 2011 numbers, the consensus estimates of analysts showed in a Portfolio.hu... 

Hungary EcoMin to address new taxes today

May 9, 2012, 12:18 pm
Hungary’s Economy Minister György Matolcsy is going to hold a press conference on Wednesday afternoon about the government’s new tax plans related to the Széll Kálmán Plan 2.0, the recent update... 

ANALYST VIEW - JPMorgan ups target price, EPS estimates for Hungary's OTP

May 9, 2012, 10:49 am
Investors remain overly focused on Hungarian macroeconomic developments when it comes to assessing OTP Bank, while half of the country’s largest lender will be delivered by its foreign units next... 

Hungary posts yet another giant trade surplus in March, exports drop yr/yr

May 9, 2012, 9:01 am
Hungary posted a massive EUR 608.2 million trade surplus in March, the Central Statistics Office (KSH) has reported on Wednesday. By the end of the third month, the surplus amounted to EUR 1,719 million.... 

Hungary c.bank can start careful rate cuts once aid talks with IMF begin - rate-setters

May 9, 2012, 8:56 am
Hungary's central bank (NBH) could start carefully reducing interest rates after the government begins talks with international lenders on a new loan to stabilise the country's indebted economy, two policy... 

Hungary not to tax "yellow bill" usage - paper

May 9, 2012, 8:23 am
According to an amendment proposal approved by Hungary’s Parliament on Monday, public utility companies may not charge customers an extra fee if they pay their bills by cash transfer slip (“sárga... 

It is not easy to find a buyer on the M&A market in Hungary and CEE

May 8, 2012, 5:10 pm
After a temporary revival the global M&A market has returned to a declining path, but - surprisingly enough - Europe is still holding on. Central and Eastern Europe and Hungary have strong ties to the... 

INSTANT VIEW - Hungary industrial production suprises on the downside in March

May 8, 2012, 2:21 pm
Hungary’s preliminary March industrial production figures published on Tuesday surprised to the downside. According to the Central Statistics Office (KSH), the yr/yr working-day adjusted figure showed... 

Hungary gov't can decide on new telecom tax already tomorrow

May 8, 2012, 1:18 pm
While Hungary’s telecommunication companies would still like to talk through the government’s new telecom tax plan with the authorities the bill can be addressed by the cabinet as soon as Wednesday... 

Hungary sells more 3-month T-bills than planned

May 8, 2012, 11:50 am
Hungary’s Government Debt Management Agency (ÁKK) has received HUF 119.8 billion worth of bids from primary dealers on a HUF 45 bn lot of 3-month discount Treasury-bills (D120815) at an auction on... 

Hungary industrial production grows 0.6% m/m and yr/yr in March - stats

May 8, 2012, 9:01 am
Hungary’s industrial production grew by 0.6% month on month in March, which comes after an 0.2% decline in February, the Central Statistics Office (KSH) has reported on Tuesday. 2012.05.08 14:21INSTANT... 

Hungary's new telecom tax is an unpredictable revenue source - companies

May 8, 2012, 8:48 am
A minute-based telecom tax would not create a calculable revenue source for Hungary’s budget, while - according to a joint statement released by local telecom companies Magyar Telekom, Telenor and... 

More reasons to be part of the EU than not - Hungary PM

May 7, 2012, 4:45 pm
Being member of the European Union brings Hungary more than a trillion forints, Prime Minister Viktor Orbán responded to a question by the far-right Jobbik party in Parliament on Monday whether there is... 

Hungary posts gigantic budget surplus in April

May 7, 2012, 4:15 pm
Hungary’s general government posted HUF 289.3 billion surplus in April, which is by far the largest surplus for the month in at least a decade, the National Economy Ministry announced on Monday.... 
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Latest news

09:16 | Hungary EcoMin to appoint deputy state secretary Nátrán to lead Eximbank - paper

16:51 | Hungary to buy 8,000 properties from non-paying FX mortgage borrowers in 2012

16:10 | Government measures exhaust Hungarian unit of KBC, K&H Bank Q1 profit plummets

14:18 | AAA Auto triples net profit in the first quarter of 2012

11:04 | Hungary plans no Eurobond issue before IMF/EU credit deal - ÁKK Dep.CEO

09:19 | Opel expects production boom, headcount increase in Hungary

08:35 | No more new taxes in Hungary - state secretary

16:51 | EBRD revises GDP estimate for Hungary upward, sees mild recession in 2012

16:27 | ANALYST VIEW - Hungary seeks to avoid IMF deal or at least loosen conditions - Citi

15:59 | ANALYST VIEW - Hungary commitment to seal IMF deal remains questionable - RBS

15:23 | "Negative buzz" around Hungary over new taxes

14:41 | Hungary Parliament nods on new telecom tax, Telenor to deflect levy on clients

13:38 | Hungarians will take half of their bank deposits abroad if transaction tax remains unchanged - Patai

13:27 | Hungary Magyar Telekom CEO buys 42,000 company shares

09:27 | Hungary PM wants to suspend party subsidising from state budget in 2013-14

09:01 | Hungary real wages drop 5.2% yr/yr in March (2)

16:27 | BofA/ML convinced by Hungary's commitment to fiscal consolidation

14:21 | Hungary Fidesz popularity lead over Socialists dips to 9 percentage points

14:14 | Hungary ÁKK sells HUF 6.5 bn bonds in non-competitive tenders

14:08 | Hungary EcoMin publishes macro assumptions for 2013 budget

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