Tag: economy

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Hungarians withdraw immense sums from real estate funds

August 16, 2019, 1:26 pm
Hungarians have never before withdrawn so much from real estate funds than in July 2019. According to the latest data, nearly 74 billion forints ended up somewhere else. This could have to do not only... 

Construction industry drives Hungarian leasing market growth

August 16, 2019, 11:13 am
As the construction industry is growing at record pace, businesses in the sector are making substantial upgrades. Hungarian leasing companies financed HUF 14.35 bn in construction machinery purchases in... 

Hungary might be made an even bigger star in a few hours

August 16, 2019, 10:12 am
Over the last few years, we got used to credit rating agencies giving credit (no pun intended) for Hungary’s economic performance, and taking the country’s sovereign debt ratings higher from... 

Hungary among least forested EU countries, Eurostat says

August 16, 2019, 10:12 am
Hungary is lagging well behind the EU average in terms of forested areas even accounting for its small size, according to a Eurostat survey released on Thursday. The average area covered by forests... 

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... 

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... 

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... 

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... 

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 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... 

Is it starting? New orders down, industrial production declines in Hungary

August 13, 2019, 9:00 am
The volume of industrial production declined by 1.8% month on month in Hungary in June 2019, according to second estimate figures published by the Central Statistical Office (KSH) on Tuesday. The detailed... 

Chinese investments in Europe down 80% in H1

August 13, 2019, 8:42 am
Chinese investment in Europe has plummeted by 80% in the first half of the year compared with the same period in 2018, according to a semi-annual study by consultancy firm Ernst & Young released on Monday.... 

ANALYST VIEW - German problems seen cracking CE3 resilience

August 12, 2019, 4:46 pm
The Central European economies have weathered Germany’s malaise with ease so far, but cracks are beginning to show, and as Europe’s manufacturing powerhouse shows no sign of strengthening... 

Hungarians' new 'pet bond' meter over HUF 1.5 trillion

August 12, 2019, 3:33 pm
According to the latest weekly statistics, a total of HUF 1,586 billion worth of Hungarian Government Security Plus (MÁP+) have been subscribed since the launch on 1 June. HUF 87 bn of the new retail government... 

Superbond moves huge assets but nothing can trump cash in Hungary

August 12, 2019, 11:58 am
The further spread of cash has not been successfully stopped in July, either, even though the new Hungarian Government Security Plus (MÁP+) continued to draw in huge amounts if investments in June and... 
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