Telco

Magyar Telekom broadband expands to 2.8 mln households

The broadband internet network coverage of Hungarian telecommunications company Magyar Telekom expanded to 2.8 million households in 2016, the company...

Telco

Gov’t to offer HUF 24.3 bln in grants to 35 big companies

Based on a decision made in 2016, the government will provide HUF 24.3 bln in financing to 35 big companies...

Telco

Hungarian telco Invitel to change hands

Hungarian telecom Invitel is to be sold by majority stake owner Magyar Telecom B.V. (Matel B.V.) to the China-CEE Fund...

Telco

Foreign investorsʼ govʼt securities holdings fall HUF 454 bln in 2016

Non-resident or foreign investors sold a net HUF 454 bln of Hungarian government securities denominated in forints last year, according...

Telco

MTel to sell Montenegrin unit for EUR 123.5 mln

Magyar Telekom, the Hungarian subsidiary of Deutsche Telekom, has signed an agreement to sell its 76.5% stake in Crnogorski Telekom,...

Telco

Bonafarm set to buy into MCS Vágóhíd

Vertically integrated food processing group Bonafarm is negotiating on purchasing a stake in meat processing firm MCS Vágóhíd, Hungarian business...

Telco

Spar to raise wages under agreement

The Hungarian subsidiary of food retail chain Spar and the Trade Union of Commercial Employees (KASZ) have agreed on raising...

Telco

General gov’t deficit reaches HUF 848.3 bln in December

Hungaryʼs cash flow-based general government deficit, excluding local councils, reached HUF 848.3 billion in 2016, a first reading of data...

Telco

Businesses tap HUF 473 bln in phase III FGS credit

A little more than 11,000 Hungarian microbusinesses and SMEs tapped about HUF 473 billion in cheap credit available last year...

Telco

Corporate lending of Hungarian banks up in November

The corporate lending stock of Hungarian banks was up in November from the previous month as companies were net borrowers...

Telco

Retail lending stock of banks down in November

Retail lending stock of Hungarian banks fell in November from the previous month, recent data from the National Bank of...

Telco

Hungary state debt reaches 74.3% of GDP at the end of Q3

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 74.3% of GDP at the end of September, down from...

Telco

MNB accepts HUF 400 bln for three-month deposits

The National Bank of Hungary (MNB) accepted HUF 400 billion in placements in its three-month deposit for banks at a...

Telco

General gov’t surplus HUF 59.3 bln in year to November, ministry confirms

Hungaryʼs cash flow-based general government surplus, excluding local councils, reached HUF 59.3 billion in the first eleven months of 2016,...

Telco

MVM to acquire stake in national utility ENKSZ without GVH oversight

The government has declared the acquisition of a stake in the state-owned national utility Első Nemzeti Közműszolgáltató (ENKSZ) by the...

Telco

Magyar Telekom broadband expands to 2.8 mln households

The broadband internet network coverage of Hungarian telecommunications company Magyar Telekom expanded to 2.8 million households in 2016, the company...

Telco

Gov’t to offer HUF 24.3 bln in grants to 35 big companies

Based on a decision made in 2016, the government will provide HUF 24.3 bln in financing to 35 big companies...

Telco

Hungarian telco Invitel to change hands

Hungarian telecom Invitel is to be sold by majority stake owner Magyar Telecom B.V. (Matel B.V.) to the China-CEE Fund...

Telco

Foreign investorsʼ govʼt securities holdings fall HUF 454 bln in 2016

Non-resident or foreign investors sold a net HUF 454 bln of Hungarian government securities denominated in forints last year, according...

Telco

MTel to sell Montenegrin unit for EUR 123.5 mln

Magyar Telekom, the Hungarian subsidiary of Deutsche Telekom, has signed an agreement to sell its 76.5% stake in Crnogorski Telekom,...

Telco

Bonafarm set to buy into MCS Vágóhíd

Vertically integrated food processing group Bonafarm is negotiating on purchasing a stake in meat processing firm MCS Vágóhíd, Hungarian business...

Telco

Spar to raise wages under agreement

The Hungarian subsidiary of food retail chain Spar and the Trade Union of Commercial Employees (KASZ) have agreed on raising...

Telco

General gov’t deficit reaches HUF 848.3 bln in December

Hungaryʼs cash flow-based general government deficit, excluding local councils, reached HUF 848.3 billion in 2016, a first reading of data...

Telco

Businesses tap HUF 473 bln in phase III FGS credit

A little more than 11,000 Hungarian microbusinesses and SMEs tapped about HUF 473 billion in cheap credit available last year...

Telco

Corporate lending of Hungarian banks up in November

The corporate lending stock of Hungarian banks was up in November from the previous month as companies were net borrowers...

Telco

Retail lending stock of banks down in November

Retail lending stock of Hungarian banks fell in November from the previous month, recent data from the National Bank of...

Telco

Hungary state debt reaches 74.3% of GDP at the end of Q3

Hungaryʼs state debt, calculated according to Maastricht rules, stood at 74.3% of GDP at the end of September, down from...

Telco

MNB accepts HUF 400 bln for three-month deposits

The National Bank of Hungary (MNB) accepted HUF 400 billion in placements in its three-month deposit for banks at a...

Telco

General gov’t surplus HUF 59.3 bln in year to November, ministry confirms

Hungaryʼs cash flow-based general government surplus, excluding local councils, reached HUF 59.3 billion in the first eleven months of 2016,...