Finance

MNB

Lenders allowed to close some FX swap contracts with MNB before maturity

The National Bank of Hungary on Monday said it will allow lenders to close, before maturity, a certain part of...

MNB

Forint fairly stable on interbank market

The forint was trading at 300.50 to the euro late Friday on the interbank forex market, down from 299.79 late...

Banking

MNB: Government deficit in 2014 around 2.3-2.4% of GDP

In 2014, the deficit of the general government sector may have been around 2.3-2.4% of GDP, 0.1-0.2 percentage points lower...

MNB

OTP Bank Russia sells RUB 17 bln in bad loans

The Russian unit of Hungaryʼs OTP Bank has sold approximately RUB 17 bln of its bad loans to factors in...

Debt

ÁKK sells less securities than planned on weak demand

The Government Debt Management Agency (ÁKK) sold just HUF 30 bln of securities at auction on Thursday, well under the...

MNB

Pénzügykutató projects 2.4% GDP growth for 2015

Pénzügykutató expects Hungaryʼs GDP growth rate to fall to 2.4% this year as investments slow, the economic research company said...

Banking

Economy ministry exploring effects of VAT reduction

The Economics Ministry is looking into the potential fiscal and economic effects of a VAT rate reduction but reducing the...

MNB

RBI books €398 mln loss in Hungary as borrowers relief weighs

Austriaʼs Raiffeisen Bank International (RBI) booked a €398 mln loss at its Hungarian business last year, taking a hit on...

Banking

Number of Hungarians to receive tax refunds on the decline

The number of Hungarians who have received personal income tax refunds has been on the decline, reducing to almost half...

Debt

ÁKK exchanges HUF 13.5 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) exchanged HUF 13.5 bln in bonds maturing in 2024 for ones that expire in...

MNB

Rogán: Beva should compensate investors for corporate bonds

Hungaryʼs Investor Protection Fund (Beva) should also offer compensation to investors for corporate bonds, Fidesz caucus leader Antal Rogán said...

Debt

ÁKK sells HUF 50 bln of three-month bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction today, in line with...

MNB

Licensing intra-group financing activity

This article was written by Csaba Ember, Senior Associate at Gide Loyrette Nouel-dʼOrnano Iroda....

MNB

GKI projects slowing growth, gradual upgrades in 2015

Hungarian economic research institute GKI left its economic growth forecast for the country unchanged at 2% in 2015, a slowdown...

Ratings

S&P: Hungary rates just below investment grade

Standard & Poorʼs Ratings Services announced on Friday that it was increasing Hungaryʼs credit rating, from BB to BB+, which...

MNB

Lenders allowed to close some FX swap contracts with MNB before maturity

The National Bank of Hungary on Monday said it will allow lenders to close, before maturity, a certain part of...

MNB

Forint fairly stable on interbank market

The forint was trading at 300.50 to the euro late Friday on the interbank forex market, down from 299.79 late...

Banking

MNB: Government deficit in 2014 around 2.3-2.4% of GDP

In 2014, the deficit of the general government sector may have been around 2.3-2.4% of GDP, 0.1-0.2 percentage points lower...

MNB

OTP Bank Russia sells RUB 17 bln in bad loans

The Russian unit of Hungaryʼs OTP Bank has sold approximately RUB 17 bln of its bad loans to factors in...

Debt

ÁKK sells less securities than planned on weak demand

The Government Debt Management Agency (ÁKK) sold just HUF 30 bln of securities at auction on Thursday, well under the...

MNB

Pénzügykutató projects 2.4% GDP growth for 2015

Pénzügykutató expects Hungaryʼs GDP growth rate to fall to 2.4% this year as investments slow, the economic research company said...

Banking

Economy ministry exploring effects of VAT reduction

The Economics Ministry is looking into the potential fiscal and economic effects of a VAT rate reduction but reducing the...

MNB

RBI books €398 mln loss in Hungary as borrowers relief weighs

Austriaʼs Raiffeisen Bank International (RBI) booked a €398 mln loss at its Hungarian business last year, taking a hit on...

Banking

Number of Hungarians to receive tax refunds on the decline

The number of Hungarians who have received personal income tax refunds has been on the decline, reducing to almost half...

Debt

ÁKK exchanges HUF 13.5 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) exchanged HUF 13.5 bln in bonds maturing in 2024 for ones that expire in...

MNB

Rogán: Beva should compensate investors for corporate bonds

Hungaryʼs Investor Protection Fund (Beva) should also offer compensation to investors for corporate bonds, Fidesz caucus leader Antal Rogán said...

Debt

ÁKK sells HUF 50 bln of three-month bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction today, in line with...

MNB

Licensing intra-group financing activity

This article was written by Csaba Ember, Senior Associate at Gide Loyrette Nouel-dʼOrnano Iroda....

MNB

GKI projects slowing growth, gradual upgrades in 2015

Hungarian economic research institute GKI left its economic growth forecast for the country unchanged at 2% in 2015, a slowdown...

Ratings

S&P: Hungary rates just below investment grade

Standard & Poorʼs Ratings Services announced on Friday that it was increasing Hungaryʼs credit rating, from BB to BB+, which...

Lenders allowed to close some FX swap contracts with MNB before maturity

The National Bank of Hungary on Monday said it will allow lenders to close, before maturity, a certain part of...

Forint fairly stable on interbank market

The forint was trading at 300.50 to the euro late Friday on the interbank forex market, down from 299.79 late...

MNB: Government deficit in 2014 around 2.3-2.4% of GDP

In 2014, the deficit of the general government sector may have been around 2.3-2.4% of GDP, 0.1-0.2 percentage points lower...

OTP Bank Russia sells RUB 17 bln in bad loans

The Russian unit of Hungaryʼs OTP Bank has sold approximately RUB 17 bln of its bad loans to factors in...

ÁKK sells less securities than planned on weak demand

The Government Debt Management Agency (ÁKK) sold just HUF 30 bln of securities at auction on Thursday, well under the...

Pénzügykutató projects 2.4% GDP growth for 2015

Pénzügykutató expects Hungaryʼs GDP growth rate to fall to 2.4% this year as investments slow, the economic research company said...

Economy ministry exploring effects of VAT reduction

The Economics Ministry is looking into the potential fiscal and economic effects of a VAT rate reduction but reducing the...

RBI books €398 mln loss in Hungary as borrowers relief weighs

Austriaʼs Raiffeisen Bank International (RBI) booked a €398 mln loss at its Hungarian business last year, taking a hit on...

Number of Hungarians to receive tax refunds on the decline

The number of Hungarians who have received personal income tax refunds has been on the decline, reducing to almost half...

ÁKK exchanges HUF 13.5 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) exchanged HUF 13.5 bln in bonds maturing in 2024 for ones that expire in...

Rogán: Beva should compensate investors for corporate bonds

Hungaryʼs Investor Protection Fund (Beva) should also offer compensation to investors for corporate bonds, Fidesz caucus leader Antal Rogán said...

ÁKK sells HUF 50 bln of three-month bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction today, in line with...

Licensing intra-group financing activity

This article was written by Csaba Ember, Senior Associate at Gide Loyrette Nouel-dʼOrnano Iroda....

GKI projects slowing growth, gradual upgrades in 2015

Hungarian economic research institute GKI left its economic growth forecast for the country unchanged at 2% in 2015, a slowdown...

S&P: Hungary rates just below investment grade

Standard & Poorʼs Ratings Services announced on Friday that it was increasing Hungaryʼs credit rating, from BB to BB+, which...