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Hungary Richter appoints new director

August 1, 2017, 9:06 am
Gedeon Richter Plc., Hungary’s leading pharmaceutical producer, has announced that with effect from 1 August 2017 Tibor Horváth will be appointed Commercial Director of the company. Horváth has... 

Hungary Richter appoints former state secretary as new strategy chief

September 6, 2016, 8:31 am
Gedeon Richter, Hungary’s leading pharmaceutical producer, has a new Director of Corporate strategy, the company has announced on Tuesday. Richter’s Board of Directors has notified the company’s... 

Hungary lowers price of 59 drugs

April 1, 2016, 9:00 am
The price of 59 drugs has been reduced in Hungary by an average of 13.6% as of 1 April, the Ministry of Human Capacities told state newswire MTI on Friday. The price of a proton pump inhibitor (PPI)... 

Hungary ELMŰ, ÉMÁSZ to pay HUF 1 200, 1 100 dividend per share, respectively

March 30, 2016, 8:25 am
PBSLI54280973 Hungary’s electricity distributors ELMŰ and ÉMÁSZ are to pay HUF 1 200 and HUF 1 100 dividend per share, respectively on 2015 profits, based on the proposals of their respective Boards... 

Hungary Mol buys back shares from Magnolia

March 22, 2016, 8:13 am
Hungarian oil and gas group Mol has announced that the call option exercised under the Swap Agreement between MOL and Magnolia Ltd which was announced on 4th February 2016 was physically settled regarding... 

Guess who benefited from Budapest cabbies' protest against Uber

January 19, 2016, 10:09 am
One of the authors of Jalopnik, Máté Petrány posted this chart that shows who benefited from Budapest cabbies demonstrating against Uber. 2016.01.18 13:17 Hungarian cabbies protest against Uber, Uber... 

Hungarians earn 7.6% more in 2014 than a year earlier

September 16, 2015, 11:13 am
The income of private individuals in Hungary grew by 7.6% year on year to about HUF 9,430 billion in 2014, based on personal income tax(PIT) returns, said Árpád Varga, Vice-President of the National Tax... 

Hungary OTP Bank increases capital at Romanian unit

January 21, 2015, 12:19 pm
OTP Bank Plc., Hungary’s largest bank by assets, has announced on Wednesday that the Romanian Court of Registration registered a capital increase at OTP Bank Romania SA., the Romanian subsidiary... 

Hungary's OTP sets up company in Malta

November 4, 2014, 10:57 am
OTP Bank Plc., Hungary’s largest bank by assets, has announced on Tuesday that it has established a company on Malta in a bid to optimise the financing transactions within the group. OTP Bank... 

Hungary MOL provides own ordinary shares for new subsidiary

September 5, 2014, 8:23 am
Hungarian oil and gas group MOL has announced that on 4 September that it has provided its ordinary shares as non-cash contribution for the establishment of a wholly-owned subsidiary, MOL Investment Ltd.... 

Hungary MKB completes sale of Romanian subsidary

May 5, 2014, 4:33 pm
Hungary’s MKB Bank has sold its Romanian subsidiary and the contract on the transaction came into effect on 30 April, the bank has announced on Monday. MKB announced in early January this year... 

Hungary MOL extends credit facility deal

April 10, 2014, 4:29 pm
Hungarian oil and gas company MOL has announced on Thursday that the revolving credit facility agreement, signed on 27 March 2013 and since then increased to the available facility amount of USD 545 million... 

ANALYST VIEW - Barclays, Goldman Sachs review stance on Hungary's OTP

March 4, 2014, 12:25 pm
Two analyst houses have published research notes on OTP Bank. Neither Barclays, nor Goldman Sachs have turned upbeat about Hungary’s largest bank by assets. Barclays retained its ‘Underweight’... 

Hungary's MKB sells Romanian unit

January 3, 2014, 8:01 am
Hungary’s MKB Bank has sold its entire stake in its Romanian subsidiary, the bank has announced in a statement on the website of the Budapest Stock Exchange (BSE). MKB Bank signed a contract to... 

Gebrüder-Weiss opens to warehouse in Hungary, creates ten new jobs

September 4, 2013, 11:52 am
Gebrüder Weisz,Austria's largest family-owned transport and logistics service provider, has opened a new warehouse in Győr, northwest Hungary, managing director Thomas Schauer has announced on Wednesday.... 

Hungary MOL raises amount of credit facility agreement

June 28, 2013, 8:01 am
Hungarian oil and gas group MOL has announced an increase in the amount of a credit facility deal signed in March. On 26 June 2013 the amount of the USD 480 million revolving credit facility agreement... 

Hungary MOL extends credit facility agreement

June 25, 2013, 9:18 am
Hungarian oil and gas group MOL has announced the extension of a revolving credit facility deal signed on 10 June 2011 by one year. MOL has announced after market close on Monday that the revolving... 

Hungary MOL amends share option deal with UniCredit, ING Bank

June 7, 2013, 8:10 am
Hungarian oil and gas group MOL has announced that the strike price for both the call and the put options under the share option agreements concluded on 7 February 2013 with UniCredit Bank A.G. has changed... 

Budapest bourse to be closed on Monday due to Pentecost

May 17, 2013, 2:07 pm
There will be no trading on the Budapest Stock Exchange (BSE) on 20 May (next Monday) due to Pentecost, but U.S. and key western European stock exchanges will be open. The Vienna bourse will also be closed... 

Almost every bank in Hungary passes FTT on to customers

March 11, 2013, 1:29 pm
94% of financial institutions operating in Hungary have passed on the financial transaction tax (FTT) to their customers, according to data gathered by the financial markets regulator PSZÁF. According... 
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