May 10, 2012, 9:56 amHungary’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. ...
May 10, 2012, 9:26 amHungarian 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...
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....
May 9, 2012, 9:43 pmThe 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...
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...
May 9, 2012, 2:11 pmAs 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...
May 9, 2012, 1:35 pmHungarian 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...
May 9, 2012, 12:18 pmHungary’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...
May 9, 2012, 10:49 amInvestors 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...
May 9, 2012, 9:01 amHungary 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....
May 9, 2012, 8:56 amHungary'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...
May 9, 2012, 8:23 amAccording 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...
May 8, 2012, 5:10 pmAfter 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...
May 8, 2012, 2:21 pmHungary’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...
May 8, 2012, 1:18 pmWhile 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...
May 8, 2012, 11:50 amHungary’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...
May 8, 2012, 9:01 amHungary’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...
May 8, 2012, 8:48 amA 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...
May 7, 2012, 4:45 pmBeing 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...
May 7, 2012, 4:15 pmHungary’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....