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4iG wins HUF 1.2 bn Budapest Bank contract

August 16, 2019, 9:20 am
Hungarian IT group 4iG has signed a high-value contract Budapest Bank on 14 August 2019, 4iG announced on the Budapest Stock Exchange website. The framework contract is for the "development of bank... 

Investors raise USD 11 million for Hungarian V2X startup

August 15, 2019, 2:59 pm
Hungarians-founded Commsignia, Inc., a market leader in V2X (Vehicle-to-Everything) solutions, announced the closing of a USD 11 million (cc. HUF 3.2 billion) fundraising round led by European and U.S.-based... 

Yields fall to record lows at Hungary's bond auctions

August 15, 2019, 12:25 pm
Over the last few days, we have been witnessing a sharp decline in Hungarian yields on the secondary market, and the bond auction by the Government Debt Management Agency (ÁKK) on Thursday did not bring... 

ANALYST VIEW - Two rating agencies to review Hungary's debt ratings on Friday

August 15, 2019, 11:52 am
Both Fitch and S&P have the opportunity to review Hungary’s sovereign debt rating on 16 August. Despite some improvements in macro data, there is only a theoretical chance of a rating upgrade, ING... 

László Diósi appointed Chairman of OTP Bank's new Moldovan unit

August 15, 2019, 11:33 am
László Diósi, who has been the head of OTP Bank’s Romanian subsidiary for 14 years, has been appointed Chairman of the Board of Directors at the Hungarian lender’s newest asset, Moldova’s... 

Hungary in talks to buy new military cargo jets

August 15, 2019, 10:45 am
Hungary is in talks with Brazil to buy KC-390 medium-sized military transport aircraft, according to local papers, Hungarian news portal Jogalappal spotted. KC-390, a medium-weight, twin engine military... 

Banks pencil in nearly 50,000 job cuts this year

August 15, 2019, 9:13 am
Banks across the globe have announced more than 48,500 job cuts this year as the outlook for the economy weakens, data collected by Bloomberg show. Nowhere was staff reductions more pronounced than... 

INSTANT VIEW - Analysts address Hungary's upside GDP surprise

August 14, 2019, 5:03 pm
The CE4 expanded at an average 4.1%oya rate in 2Q19, a similar pace to the past year or so, defying the Eurozone’s slowdown. Growth was either in line or above expectations, with Hungary and Romania... 

Yields on Hungarian government bonds keep on plummeting

August 14, 2019, 3:32 pm
The reference yield on Hungary’s 10-year benchmark government bond fell another 22 basis points to a new all-time low of 1.47% on Wednesday, data on the website of the Government Debt Management... 

Hungary beats the whole of Europe

August 14, 2019, 11:30 am
Hungary’s showed the best economic performance in the European Union in the second quarter of 2019 both in annual and in quarterly terms, a report by Eurostat, the statistical office of the EU, showed... 

Hungary gov't takes credit for 1.6pp of Q2 GDP growth

August 14, 2019, 11:14 am
Measures taken by the government, including in particular the six-year wage agreement, the government's competitiveness package, the support to Hungarian families to acquire homes, and the creation of... 

Hungarian private health provider deploys high-tech screening robot

August 14, 2019, 10:30 am
Hungary is the first country in the CEE region to use Kryptor Gold, the most advanced screening robot, in its private healthcare after the Czeizel Institute acquired one. The latest technologies and... 

Negative yields do not reflect economic strength, Fitch says

August 14, 2019, 9:07 am
Negative yields on global government debt reveal a distorted market rather than the strength of a country’s economic profile, credit rating agency Fitch has warned. In its analysis, Fitch Ratings... 

Hungarian economy surprises on the upside again

August 14, 2019, 9:00 am
Hungary’s gross domestic product grew by 5.1% year on year in the second quarter of 2019, according to data adjusted seasonally and for working days. Growth in Q1 was 5.2%. The raw index shows 4.9%... 

Hungary Mol lowers fuel prices further

August 14, 2019, 8:22 am
Hungarian oil and gas group Mol has lowered the wholesale price of 95-octane gasoline by HUF 9 per litre and that of diesel fuel by HUF 7 per litre as of Wednesday. The average price of gasoline dropped... 

Czech companies cannot resist Hungary's solar power frenzy

August 13, 2019, 5:25 pm
The combination of a slow-down in state subsidies at home and an increased demand for solar power in Hungary is leading many Czech companies to set up to invest in Hungary’s photovoltaic market.... 

Hungarian meat processor expands capacity on HUF 740 mn EU grant

August 13, 2019, 2:56 pm
Hungarian meat company Privát-Hús Ltd. has recently carried out a two billion forint complex property and technological development project to boost its output capacity, the company announced on Tuesday.... 

Hungary may ban drivers using phones for life

August 13, 2019, 12:02 pm
Anyone using their smartphone while driving should be banned from traffic once and for all, traffic security expert Endre Dobrocsi said on public television M1 Tuesday morning. Using Facebook or a chat... 

Where has the huge superbond revenue ended up?

August 13, 2019, 11:43 am
The HUF 1,400 income from subscriptions of the Hungarian Government Security Plus (MÁP+) has not really been reflected in government account deposits at the National Bank of Hungary (MNB). But where has... 

The only way forward for Hungary is down? Economy reaches turning point

August 13, 2019, 10:24 am
Hungary’s economic output grew by 4.7% year on year in the second quarter of 2019, according to the consensus forecast of analysts polled by Portfolio. Should this projection prove to be correct... 
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