Music

Music

MNB fines 35 banks HUF 1.2 billion

The National Bank of Hungary (MNB) has reported the levying of some HUF 1.2 billion in fines on 35 Hungary-based...

Music

Banking sector forint liquidity down in February

After increasing for several months, forint liquidity of the Hungarian banking sector fell in February, a monthly report by the...

Music

Erste Bank Hungary loss widens on taxes, risk costs

Erste Bank Hungary’s consolidated loss widened to HUF 24.9 billion in 2013 because of high taxes and risk costs, chairman/CEO...

Music

MTel earns profit in Q4 2013 on non-core activity

Magyar Telekom (MTel) was in the black in the fourth quarter of 2013 as costs fell and non-core activities lifted...

Music

MNB: Banking sector turns first profit since 2010

Hungary’s banking sector had combined pre-tax profit of HUF 155.2 billion in 2013, helped by higher revenue from commissions and...

Music

Gov’t deficit reaches 7.7% of full-year target in January

Hungary had a cashflow-based general government deficit, excluding local councils, of HUF 75.4 billion in January, or 7.7% of full-year...

Music

Gross state debt improves slightly in Q4 2013

Hungary’s gross state debt, calculated at nominal value according to Maastricht criteria, fell to 79.0% of GDP at the end...

Music

Retail government security stock up HUF 66 billion in January

Outstanding stock of retail government securities rose by HUF 66 billion in January to almost HUF 1.755 trillion (approximately €5.627...

Music

KSH: Trade surplus up €617 million in 2013

The Central Statistics Office (KSH) today released preliminary figures on the final data on Hungary’s import and export trade in...

Music

Zwack Unicum after-tax profit rises 1.7% through Q3

Spirits producer Zwack Unicum reported after-tax profit of HUF 1.85 billion in the first three quarters, ending with December, of...

Music

MNB: Hungary-based banks profitable thus far in 2013

Hungarian banks limited by shares had combined after-tax of HUF 36.2 billion in Q1-Q3, compared to a loss of HUF...

Music

Gen gov’t deficit reaches 84.5% of full-year target in October

Hungary’s cash flow-based general government deficit, excluding local councils, reached HUF 887.7 billion at the end of October or 84.5%...

Music

Banks hammered with HUF 9.5 billion fine for “cartel activity”

The Hungarian Competition Authority (GVH) announced today that 11 banks representing a combined market share of nearly 91% in the...

Music

Good news for OTP, K&H; RBI considers position

Yesterday was busy in terms of bank-related news, and BBJ rounds up three of the bigger stories from the headlines...

Music

Electricity distributors ELMŰ, ÉMÁSz show declining profit

The profits of Hungarian electricity distributors ELMŰ and ÉMÁSz declined during the first three quarters of 2013, consolidated interim management...

Music

MNB fines 35 banks HUF 1.2 billion

The National Bank of Hungary (MNB) has reported the levying of some HUF 1.2 billion in fines on 35 Hungary-based...

Music

Banking sector forint liquidity down in February

After increasing for several months, forint liquidity of the Hungarian banking sector fell in February, a monthly report by the...

Music

Erste Bank Hungary loss widens on taxes, risk costs

Erste Bank Hungary’s consolidated loss widened to HUF 24.9 billion in 2013 because of high taxes and risk costs, chairman/CEO...

Music

MTel earns profit in Q4 2013 on non-core activity

Magyar Telekom (MTel) was in the black in the fourth quarter of 2013 as costs fell and non-core activities lifted...

Music

MNB: Banking sector turns first profit since 2010

Hungary’s banking sector had combined pre-tax profit of HUF 155.2 billion in 2013, helped by higher revenue from commissions and...

Music

Gov’t deficit reaches 7.7% of full-year target in January

Hungary had a cashflow-based general government deficit, excluding local councils, of HUF 75.4 billion in January, or 7.7% of full-year...

Music

Gross state debt improves slightly in Q4 2013

Hungary’s gross state debt, calculated at nominal value according to Maastricht criteria, fell to 79.0% of GDP at the end...

Music

Retail government security stock up HUF 66 billion in January

Outstanding stock of retail government securities rose by HUF 66 billion in January to almost HUF 1.755 trillion (approximately €5.627...

Music

KSH: Trade surplus up €617 million in 2013

The Central Statistics Office (KSH) today released preliminary figures on the final data on Hungary’s import and export trade in...

Music

Zwack Unicum after-tax profit rises 1.7% through Q3

Spirits producer Zwack Unicum reported after-tax profit of HUF 1.85 billion in the first three quarters, ending with December, of...

Music

MNB: Hungary-based banks profitable thus far in 2013

Hungarian banks limited by shares had combined after-tax of HUF 36.2 billion in Q1-Q3, compared to a loss of HUF...

Music

Gen gov’t deficit reaches 84.5% of full-year target in October

Hungary’s cash flow-based general government deficit, excluding local councils, reached HUF 887.7 billion at the end of October or 84.5%...

Music

Banks hammered with HUF 9.5 billion fine for “cartel activity”

The Hungarian Competition Authority (GVH) announced today that 11 banks representing a combined market share of nearly 91% in the...

Music

Good news for OTP, K&H; RBI considers position

Yesterday was busy in terms of bank-related news, and BBJ rounds up three of the bigger stories from the headlines...

Music

Electricity distributors ELMŰ, ÉMÁSz show declining profit

The profits of Hungarian electricity distributors ELMŰ and ÉMÁSz declined during the first three quarters of 2013, consolidated interim management...

MNB fines 35 banks HUF 1.2 billion

The National Bank of Hungary (MNB) has reported the levying of some HUF 1.2 billion in fines on 35 Hungary-based...

Banking sector forint liquidity down in February

After increasing for several months, forint liquidity of the Hungarian banking sector fell in February, a monthly report by the...

Erste Bank Hungary loss widens on taxes, risk costs

Erste Bank Hungary’s consolidated loss widened to HUF 24.9 billion in 2013 because of high taxes and risk costs, chairman/CEO...

MTel earns profit in Q4 2013 on non-core activity

Magyar Telekom (MTel) was in the black in the fourth quarter of 2013 as costs fell and non-core activities lifted...

MNB: Banking sector turns first profit since 2010

Hungary’s banking sector had combined pre-tax profit of HUF 155.2 billion in 2013, helped by higher revenue from commissions and...

Gov’t deficit reaches 7.7% of full-year target in January

Hungary had a cashflow-based general government deficit, excluding local councils, of HUF 75.4 billion in January, or 7.7% of full-year...

Gross state debt improves slightly in Q4 2013

Hungary’s gross state debt, calculated at nominal value according to Maastricht criteria, fell to 79.0% of GDP at the end...

Retail government security stock up HUF 66 billion in January

Outstanding stock of retail government securities rose by HUF 66 billion in January to almost HUF 1.755 trillion (approximately €5.627...

KSH: Trade surplus up €617 million in 2013

The Central Statistics Office (KSH) today released preliminary figures on the final data on Hungary’s import and export trade in...

Zwack Unicum after-tax profit rises 1.7% through Q3

Spirits producer Zwack Unicum reported after-tax profit of HUF 1.85 billion in the first three quarters, ending with December, of...

MNB: Hungary-based banks profitable thus far in 2013

Hungarian banks limited by shares had combined after-tax of HUF 36.2 billion in Q1-Q3, compared to a loss of HUF...

Gen gov’t deficit reaches 84.5% of full-year target in October

Hungary’s cash flow-based general government deficit, excluding local councils, reached HUF 887.7 billion at the end of October or 84.5%...

Banks hammered with HUF 9.5 billion fine for “cartel activity”

The Hungarian Competition Authority (GVH) announced today that 11 banks representing a combined market share of nearly 91% in the...

Good news for OTP, K&H; RBI considers position

Yesterday was busy in terms of bank-related news, and BBJ rounds up three of the bigger stories from the headlines...

Electricity distributors ELMŰ, ÉMÁSz show declining profit

The profits of Hungarian electricity distributors ELMŰ and ÉMÁSz declined during the first three quarters of 2013, consolidated interim management...