Finance

MNB

MNB ups deficit forecast for 2014 to 2.9% of GDP

The National Bank of Hungary (MNB) forecasts Hungary’s 2014 general government deficit, calculated according to European Union rules, will reach...

MNB

MNB reforecasts inflation down for 2014, up for ‘15

Shortly after announcing another 10 bp cut to its base rate to yet another record of 2.60%, the National Bank...

Debt

ÁKK’s USD bond issue five times oversubscribed

The $3 billion issue of five- and ten-year dollar bonds by Hungary on Tuesday was almost five times oversubscribed, the...

MNB

Dep. gov. reiterates need for MNB to reassess easing

National Bank of Hungary (MNB) rate-setters will have to “reassess” the continued easing and concomitant lowering of its base rate...

MNB

UniCredit reports 69% decrease in profit for 2013

The Hungarian unit of Italy-based UniCredit reported after-tax profit of HUF 6.45 billion for 2013, a whopping 69% year-on-year decrease...

MNB

Pleschinger: Hungary financially stable, risks remain

The forint’s weaker levels pose no threat to the Hungarian central bank’s inflation goal nor to financial stability but risks...

MNB

International reserves down €33.788 billion in February

Hungary’s international reserves stood at €33.788 billion at the end of February, dropping €324 million from a month earlier, preliminary...

MNB

Ukraine, weak forint put economy on edge of turmoil

From the Budapest Business Journal print editon: Hungary’s economy exceeded expectations with impressive growth in the fourth quarter. The result...

MNB

EC raises GDP growth projection to 2.1% for 2014, ‘15

The European Commission (EC) raised its projection for GDP growth in Hungary this year to 2.1% in a forecast released...

MNB

Nomura on Hungary: forex loan policy a mess

Representatives of international research firm Nomura visited Budapest earlier this month in meetings with officials from the National Economy Ministry,...

Banking

ECJ rules Hungary’s tax on retailers discriminatory

The European Court of Justice on Wednesday ruled that Hungary's sectoral tax on retailers is discriminatory, putting companies with owners...

Banking

Boosted tax intake proves to be no miracle cure

The government has introduced a series of steps to increase the treasury’s tax revenues that are making life more difficult...

Banking

Tax dodgers: always ahead of the game?

From the Budapest Business Journal print edition: Although their room for maneuvering shrinks, offshore tax dodgers still manage to keep...

Banking

OECD: Structural reform needed for Hungary’s full potential

The OECD urged Hungary to make further structural reforms to achieve full growth potential in an economic survey of the...

MNB

State to assume Budapest’s HUF 100 billion debt

Hungary’s central government is to take over HUF 100.7 billion in debt from the Budapest city council by February 28...

MNB

MNB ups deficit forecast for 2014 to 2.9% of GDP

The National Bank of Hungary (MNB) forecasts Hungary’s 2014 general government deficit, calculated according to European Union rules, will reach...

MNB

MNB reforecasts inflation down for 2014, up for ‘15

Shortly after announcing another 10 bp cut to its base rate to yet another record of 2.60%, the National Bank...

Debt

ÁKK’s USD bond issue five times oversubscribed

The $3 billion issue of five- and ten-year dollar bonds by Hungary on Tuesday was almost five times oversubscribed, the...

MNB

Dep. gov. reiterates need for MNB to reassess easing

National Bank of Hungary (MNB) rate-setters will have to “reassess” the continued easing and concomitant lowering of its base rate...

MNB

UniCredit reports 69% decrease in profit for 2013

The Hungarian unit of Italy-based UniCredit reported after-tax profit of HUF 6.45 billion for 2013, a whopping 69% year-on-year decrease...

MNB

Pleschinger: Hungary financially stable, risks remain

The forint’s weaker levels pose no threat to the Hungarian central bank’s inflation goal nor to financial stability but risks...

MNB

International reserves down €33.788 billion in February

Hungary’s international reserves stood at €33.788 billion at the end of February, dropping €324 million from a month earlier, preliminary...

MNB

Ukraine, weak forint put economy on edge of turmoil

From the Budapest Business Journal print editon: Hungary’s economy exceeded expectations with impressive growth in the fourth quarter. The result...

MNB

EC raises GDP growth projection to 2.1% for 2014, ‘15

The European Commission (EC) raised its projection for GDP growth in Hungary this year to 2.1% in a forecast released...

MNB

Nomura on Hungary: forex loan policy a mess

Representatives of international research firm Nomura visited Budapest earlier this month in meetings with officials from the National Economy Ministry,...

Banking

ECJ rules Hungary’s tax on retailers discriminatory

The European Court of Justice on Wednesday ruled that Hungary's sectoral tax on retailers is discriminatory, putting companies with owners...

Banking

Boosted tax intake proves to be no miracle cure

The government has introduced a series of steps to increase the treasury’s tax revenues that are making life more difficult...

Banking

Tax dodgers: always ahead of the game?

From the Budapest Business Journal print edition: Although their room for maneuvering shrinks, offshore tax dodgers still manage to keep...

Banking

OECD: Structural reform needed for Hungary’s full potential

The OECD urged Hungary to make further structural reforms to achieve full growth potential in an economic survey of the...

MNB

State to assume Budapest’s HUF 100 billion debt

Hungary’s central government is to take over HUF 100.7 billion in debt from the Budapest city council by February 28...

MNB ups deficit forecast for 2014 to 2.9% of GDP

The National Bank of Hungary (MNB) forecasts Hungary’s 2014 general government deficit, calculated according to European Union rules, will reach...

MNB reforecasts inflation down for 2014, up for ‘15

Shortly after announcing another 10 bp cut to its base rate to yet another record of 2.60%, the National Bank...

ÁKK’s USD bond issue five times oversubscribed

The $3 billion issue of five- and ten-year dollar bonds by Hungary on Tuesday was almost five times oversubscribed, the...

Dep. gov. reiterates need for MNB to reassess easing

National Bank of Hungary (MNB) rate-setters will have to “reassess” the continued easing and concomitant lowering of its base rate...

UniCredit reports 69% decrease in profit for 2013

The Hungarian unit of Italy-based UniCredit reported after-tax profit of HUF 6.45 billion for 2013, a whopping 69% year-on-year decrease...

Pleschinger: Hungary financially stable, risks remain

The forint’s weaker levels pose no threat to the Hungarian central bank’s inflation goal nor to financial stability but risks...

International reserves down €33.788 billion in February

Hungary’s international reserves stood at €33.788 billion at the end of February, dropping €324 million from a month earlier, preliminary...

Ukraine, weak forint put economy on edge of turmoil

From the Budapest Business Journal print editon: Hungary’s economy exceeded expectations with impressive growth in the fourth quarter. The result...

EC raises GDP growth projection to 2.1% for 2014, ‘15

The European Commission (EC) raised its projection for GDP growth in Hungary this year to 2.1% in a forecast released...

Nomura on Hungary: forex loan policy a mess

Representatives of international research firm Nomura visited Budapest earlier this month in meetings with officials from the National Economy Ministry,...

ECJ rules Hungary’s tax on retailers discriminatory

The European Court of Justice on Wednesday ruled that Hungary's sectoral tax on retailers is discriminatory, putting companies with owners...

Boosted tax intake proves to be no miracle cure

The government has introduced a series of steps to increase the treasury’s tax revenues that are making life more difficult...

Tax dodgers: always ahead of the game?

From the Budapest Business Journal print edition: Although their room for maneuvering shrinks, offshore tax dodgers still manage to keep...

OECD: Structural reform needed for Hungary’s full potential

The OECD urged Hungary to make further structural reforms to achieve full growth potential in an economic survey of the...

State to assume Budapest’s HUF 100 billion debt

Hungary’s central government is to take over HUF 100.7 billion in debt from the Budapest city council by February 28...