Hungary’s OTP Bank, and Belgium’s KBC, have made separate bids to acquire United Bulgarian Bank (UBB), the Bulgarian subsidiary of the National Bank of Greece (NBG), Reuters reported yesterday, citing unnamed banking industry sources.
Although Hungary’s inflation figure published today by the Central Statistical Office (KSH) has set a three-year record at 1.1%, it still came slightly below the market expectations of around 1.2%, but slightly above the October’s 1%, CIB Bank Analysts said in a flash sent to the Budapest Business Journal today.
Budapest Airport and local authorities are working together to develop the surrounding area and enhance the regional competitiveness of the airport.
Hungary’s inflation was measured at 1.1% in November, compared to the same month a year earlier, by the Central Statistical Office (KSH) in a first release of data today, a record high in the past three years, though still below the market expectation of 1.2%. In the January-November period, consumer prices were up by 0.3% on average compared to the same period in 2015.
Hungary’s trade surplus was up by EUR 167 million in October, compared to the same period in 2015, amounting to EUR 891 mln, the Central Statistical Office (KSH) said today in a first release of data.