Maria Fedorova

Ratings

Moody’s downgrades OTP Bank Russia

Moody's Investors Service announced today that it downgraded the long-term foreign and local-currency deposit ratings of OTP Bank Russia from...

Figures

MNB’s underlying inflation indicators drop

All three of the National Bank of Hungary's (MNB) "underlying measures of inflation" fell in September, the central bank announced...

MNB

Banks disburse HUF 330bn of gov’t-backed loans

By October 3, banks disbursed HUF 330.1 bln of loans to small and medium-size enterprises (SMEs) in the second phase...

Tourism

KSH: Guest nights up 3.8% y.o.y. in August

Accommodation providers in Hungary saw a 3.8% rise in overnight stays in August, year-on-year, the Central Statistics Office revealed today....

MNB

Commercial lenders partner with Eximbank

Nine commercial lenders agreed with Eximbank on leasing packages available in the framework of its export-boosting credit program....

Deals

INA refinery closure still pending

The Supervisory Board of Croatian refiner INA did not reach a decision on the future of the company’s refineries, Croatian...

In Hungary

Socialist campaigners note Hungary’s poverty

Given that four million people live in poverty, there are no strong municipalities in Hungary, the leader of the opposition...

Figures

KSH: Trade surplus at €482 mln in July

Hungary had a €482 mln trade surplus in July, up €50 mln year-on-year, the Central Statistics Office (KSH) revealed in...

EU

EC: Railway safety still not EU compatible

In February 2014 the European Commission launched infringement proceedings against Hungary for not complying with EU railway safety requirements. Proceedings...

Tourism

Hungary’s employment rate up 4.5 %

Hungary’s employment rate rose by 4.5% in the last three month term – June to August – compared to the...

Tourism

KSH: June-August unemployment falls to 7.6%

Hungary's unemployment rate was 7.6% in June-August, down 2.3% from the same period a year ago, according to the Central...

History

PM reacts to Obama’s speech

Hungary's prime minister reacted strongly yesterday to U.S. President Barack Obama's claim that the country is intimidating civil society groups,...

MNB

MNB sets 2015 deficit target at 2.6%

National Bank of Hungary (MNB) put the 2014 general government deficit at 2.8% of GDP, below the official target of...

Interview

Áder tells America to build economic ties with Hungary

Building economic ties with the Visegrád Four countries, which represent a market of 65 million people, is a worthy goal...

Deals

MNB rules Norbi’s IPO can continue

The National Bank of Hungary (MNB) said today that it approved a supplement to the prospectus of Norbi Update Lowcarb....

EU

Hungary second in EU in growth of poverty risk

Hungary was second only to Greece in the pace of growth of the proportion of people at risk of poverty...

Art

Bluetongue restrictions in force outside of outbreak area

Restrictions related to an outbreak of bluetongue, a viral disease of ruminants, have been introduced in about two-thirds of Hungary,...

Sustainability

KSH: Construction output climbs 27%

Output of Hungary's construction sector climbed 27% year-on-year in the first nine months of 2014, the Central Statistics Office (KSH)...

Energy Trade

Gov’t decree guarantees storage capacity for imported gas

A government decree published in the latest issue of the official gazette Magyar Közlöny guarantees utilities companies storage capacity for...

Pharma

Russian ruble’s depreciation hits Richter

Hungarian pharmaceutical drug producer Richter will release its earnings report for Q3 this week. The analysts project a major decline...

Figures

KSH: Trade surplus revised up

Hungary had a €279 mln trade surplus in August, down €217 mln year-on-year, the Central Statistics Office (KSH) revealed in...

Figures

KSH: PPI down 0.3% y.o.y.

Industrial producer prices rose by 0.1% in September, compared to the previous month, the Central Statistics Office (KSH) reported today....

MNB

MNB: Retail lending stock falls on firmer forint

Hungarian banks retail lending stock fell in September as the stronger forint reduced the value of foreign currency-denominated loans, a...

Figures

KSH: Retail sales up 2.5 % in August

Retail sales in Hungary rose 2.5% in August year-on-year, according to calendar-adjusted figures, the Central Statistics Office (KSH) revealed today....

Food

KSH: Employment up to 68%

In July-September 2014, the number of employed people in Hungary aged 15-64 rose to 62.8%, the Central Statistics Office (KSH)...

Tourism

KSH: Jobless rate falls to 7.4%

Hungary's unemployment rate between July and September 2014 was 7.4%, a decrease of 2.4% compared to the same period last...

Analysis

OTP Bank passes ECB stress test

OTP Bank, the only Hungarian participant in the European Central Bank's stress test, does not need to modify its Common...

Banking

Lawmakers to discuss tax proposals on Tuesday

Parliament will meet early next week and on Tuesday, lawmakers will begin a debate on amendments to the tax legislation...

Logistics

GKI-Erste: Business, consumer confidence improve

GKI-Erste's combined gauge of consumer and business confidence increased 1.2 points in October from minus 2.3 points in September as...

Visits

Szijjártó meets U.S. managers in Washington

Enjoying a day away from the heat of the U.S.-Hungary fracas about corruption, Hungarian Minister for Foreign Trade and Foreign...

Hungary second in EU in growth of poverty risk

Hungary was second only to Greece in the pace of growth of the proportion of people at risk of poverty...

Bluetongue restrictions in force outside of outbreak area

Restrictions related to an outbreak of bluetongue, a viral disease of ruminants, have been introduced in about two-thirds of Hungary,...

KSH: Construction output climbs 27%

Output of Hungary's construction sector climbed 27% year-on-year in the first nine months of 2014, the Central Statistics Office (KSH)...

Gov’t decree guarantees storage capacity for imported gas

A government decree published in the latest issue of the official gazette Magyar Közlöny guarantees utilities companies storage capacity for...

Russian ruble’s depreciation hits Richter

Hungarian pharmaceutical drug producer Richter will release its earnings report for Q3 this week. The analysts project a major decline...

KSH: Trade surplus revised up

Hungary had a €279 mln trade surplus in August, down €217 mln year-on-year, the Central Statistics Office (KSH) revealed in...

KSH: PPI down 0.3% y.o.y.

Industrial producer prices rose by 0.1% in September, compared to the previous month, the Central Statistics Office (KSH) reported today....

MNB: Retail lending stock falls on firmer forint

Hungarian banks retail lending stock fell in September as the stronger forint reduced the value of foreign currency-denominated loans, a...

KSH: Retail sales up 2.5 % in August

Retail sales in Hungary rose 2.5% in August year-on-year, according to calendar-adjusted figures, the Central Statistics Office (KSH) revealed today....

KSH: Employment up to 68%

In July-September 2014, the number of employed people in Hungary aged 15-64 rose to 62.8%, the Central Statistics Office (KSH)...

KSH: Jobless rate falls to 7.4%

Hungary's unemployment rate between July and September 2014 was 7.4%, a decrease of 2.4% compared to the same period last...

OTP Bank passes ECB stress test

OTP Bank, the only Hungarian participant in the European Central Bank's stress test, does not need to modify its Common...

Lawmakers to discuss tax proposals on Tuesday

Parliament will meet early next week and on Tuesday, lawmakers will begin a debate on amendments to the tax legislation...

GKI-Erste: Business, consumer confidence improve

GKI-Erste's combined gauge of consumer and business confidence increased 1.2 points in October from minus 2.3 points in September as...

Szijjártó meets U.S. managers in Washington

Enjoying a day away from the heat of the U.S.-Hungary fracas about corruption, Hungarian Minister for Foreign Trade and Foreign...