Maria Fedorova

MNB

MNB: No hasty rise in interest rates

The National Bank of Hungary (MNB) wishes to reduce Hungary’s international debt-exposure and will avoid raising interest rates in the...

MNB

Sberbank not leaving Hungary

State-owned Russian bank Sberbank denies rumours that it plans to exit Hungary, Austrian economic daily Wirtschaftsblatt said yesterday....

EU

Social justice report: Hungary near bottom in EU

Hungary ranks 25th out of 28 EU member states in the latest ranking of the EU Social Justice Index, according...

Int'l Relations

Russian region of Yugra promotes business ties

The government of Hungary is working to strengthen its business cooperation with the Russian region of Yugra, the Russian press...

Sights

Brunszvik-Beethoven Event Center opens in Martonvásár

The Brunszvik-Beethoven center and its Library and the Kindergarten Historical Museum were inaugurated today by Minister of Justice László Trócsányi....

Deals

Hungary’s July c/a surplus up from June

Hungary’s current-account surplus reached €373.5 mln in July, up from €297 mln in June, data published by the National Bank...

Tarlós: Olympics not a realistic idea

Budapest will not be an Olympic city. At least not for the time being. The idea of the Hungarian capital...

Construction

KSH: Construction sector output up 17.5%

Output of Hungary's construction sector climbed 17.5% year-on-year in July, accelerating from a 9.8% increase in the previous month, the...

Food

KSH: Hungary’s farm gate prices down 5.1% in July

Farm gate prices in Hungary fell by 5.1% year-on-year in July, the Central Statistics Office (KSH) reported today. Crop products...

In Hungary

MNB inflation measures on the rise

The three indicators used by the National Bank of Hungary (MNB) as "underlying measures of inflation" rose in August, the...

Retail

HVG: Beer, wine to dodge state control

The government will monopolize the retail selling of spirits, but beer and wine will be exempt and could be purchased...

Interview

Navracsics to become EU commisioner

Telco

Consumers owe less to energy service providers

Consumers in Hungary owed HUF 96.3 bln to energy service providers in June, compared to HUF 124 bln a year...

Figures

Analysts put August CPI at plus 0.2%

Hungary's consumer price index rose up 0.2% year-on year in August, according to analysts polled by business daily Napi Gazdaság....

Telco

G.I.C. launches dearsenification project

Hungarian industrial resarch and development company G.I.C. finished a HUF 125 mln project to reduce arsenic in drinking water....

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...