Finance

MNB

ÁKK considering basing bonds in lira, Asian currencies

Bond issuances before the end of 2013 seem inevitable, given the documentation filed with the U.S. Securities Exchange Commission (SEC)...

MNB

MNB could change Funding For Growth conditions

The Monetary Council of the National Bank of Hungary (MNB) will analyze the effect on the room for maneuver of...

MNB

WSJ analysts: MNB key rate to be 3.60%

The workday after Reuters reported its results of a poll taken among analysts regarding changes to the key rate by...

MNB

Government retreats from war on public debt

The government is slackening what has long been one of its core principles of constantly paying off debts seeing it...

MNB

Dollar bond issue in mid-October?

In an interview with news outlet Magyar Hírlap yesterday, Government Debt Management Agency (ÁKK) deputy director László András Borbély stated...

Banking

UniCredit to cut costs in Hungary

The Hungarian unit of Italy-based UniCredit will close some branches to reduce costs after the government imposed a tax on...

MNB

Government files with SEC, seeks to move $5 billion in debt

The US Securities and Exchange Commission (SEC) has announced that the government of Hungary has filed documentation that will allow...

MNB

MVM to borrow €347 million to finance E.ON purchase

An extraordinary general meeting of 99% state-owned Hungarian energy group MVM on Friday unanimously approved a proposal for the company...

Banking

Highest declared 2012 personal income in Hungary falls 20%

The highest declared 2012 personal income in Hungary was HUF 760 million (or €2.63 million at the average exchange forint-euro...

MNB

MNB extends, tops up Funding for Growth scheme

The National Bank of Hungary (MNB) is extending its Funding for Growth Scheme until the end of next year and...

MNB

International reserves fall in August

Hungary’s international reserves stood at €30.55 billion at the end of August, falling €3.18 billion from €33.73 billion a month...

MNB

Final charge against foreign currency loans

The government remains ardent in its crusade against foreign currency mortgages and is preparing to launch another wave of bailouts....

Banking

ECJ: Hungarian retail tax may violate directive

Two days after European Commissioner for Transport Siim Kallas described Hungary’s just-introduced toll system for trucks and tractor-trailers as “not...

MNB

PwC on Austria banks: Hungary, Romania worst performers

Multinational professional services firm PricewaterhouseCoopers (PwC) has released a new report on Austria-based asset quality, not surprisingly listing Hungarian and...

MNB

Bank execs: “Funding For Growth” too brief, ineffective

At a Joint Venture Association conference yesterday, OTP Bank Deputy CEO László Wolf suggested that Hungarian SMEs tend to prefer...

MNB

ÁKK considering basing bonds in lira, Asian currencies

Bond issuances before the end of 2013 seem inevitable, given the documentation filed with the U.S. Securities Exchange Commission (SEC)...

MNB

MNB could change Funding For Growth conditions

The Monetary Council of the National Bank of Hungary (MNB) will analyze the effect on the room for maneuver of...

MNB

WSJ analysts: MNB key rate to be 3.60%

The workday after Reuters reported its results of a poll taken among analysts regarding changes to the key rate by...

MNB

Government retreats from war on public debt

The government is slackening what has long been one of its core principles of constantly paying off debts seeing it...

MNB

Dollar bond issue in mid-October?

In an interview with news outlet Magyar Hírlap yesterday, Government Debt Management Agency (ÁKK) deputy director László András Borbély stated...

Banking

UniCredit to cut costs in Hungary

The Hungarian unit of Italy-based UniCredit will close some branches to reduce costs after the government imposed a tax on...

MNB

Government files with SEC, seeks to move $5 billion in debt

The US Securities and Exchange Commission (SEC) has announced that the government of Hungary has filed documentation that will allow...

MNB

MVM to borrow €347 million to finance E.ON purchase

An extraordinary general meeting of 99% state-owned Hungarian energy group MVM on Friday unanimously approved a proposal for the company...

Banking

Highest declared 2012 personal income in Hungary falls 20%

The highest declared 2012 personal income in Hungary was HUF 760 million (or €2.63 million at the average exchange forint-euro...

MNB

MNB extends, tops up Funding for Growth scheme

The National Bank of Hungary (MNB) is extending its Funding for Growth Scheme until the end of next year and...

MNB

International reserves fall in August

Hungary’s international reserves stood at €30.55 billion at the end of August, falling €3.18 billion from €33.73 billion a month...

MNB

Final charge against foreign currency loans

The government remains ardent in its crusade against foreign currency mortgages and is preparing to launch another wave of bailouts....

Banking

ECJ: Hungarian retail tax may violate directive

Two days after European Commissioner for Transport Siim Kallas described Hungary’s just-introduced toll system for trucks and tractor-trailers as “not...

MNB

PwC on Austria banks: Hungary, Romania worst performers

Multinational professional services firm PricewaterhouseCoopers (PwC) has released a new report on Austria-based asset quality, not surprisingly listing Hungarian and...

MNB

Bank execs: “Funding For Growth” too brief, ineffective

At a Joint Venture Association conference yesterday, OTP Bank Deputy CEO László Wolf suggested that Hungarian SMEs tend to prefer...

ÁKK considering basing bonds in lira, Asian currencies

Bond issuances before the end of 2013 seem inevitable, given the documentation filed with the U.S. Securities Exchange Commission (SEC)...

MNB could change Funding For Growth conditions

The Monetary Council of the National Bank of Hungary (MNB) will analyze the effect on the room for maneuver of...

WSJ analysts: MNB key rate to be 3.60%

The workday after Reuters reported its results of a poll taken among analysts regarding changes to the key rate by...

Government retreats from war on public debt

The government is slackening what has long been one of its core principles of constantly paying off debts seeing it...

Dollar bond issue in mid-October?

In an interview with news outlet Magyar Hírlap yesterday, Government Debt Management Agency (ÁKK) deputy director László András Borbély stated...

UniCredit to cut costs in Hungary

The Hungarian unit of Italy-based UniCredit will close some branches to reduce costs after the government imposed a tax on...

Government files with SEC, seeks to move $5 billion in debt

The US Securities and Exchange Commission (SEC) has announced that the government of Hungary has filed documentation that will allow...

MVM to borrow €347 million to finance E.ON purchase

An extraordinary general meeting of 99% state-owned Hungarian energy group MVM on Friday unanimously approved a proposal for the company...

Highest declared 2012 personal income in Hungary falls 20%

The highest declared 2012 personal income in Hungary was HUF 760 million (or €2.63 million at the average exchange forint-euro...

MNB extends, tops up Funding for Growth scheme

The National Bank of Hungary (MNB) is extending its Funding for Growth Scheme until the end of next year and...

International reserves fall in August

Hungary’s international reserves stood at €30.55 billion at the end of August, falling €3.18 billion from €33.73 billion a month...

Final charge against foreign currency loans

The government remains ardent in its crusade against foreign currency mortgages and is preparing to launch another wave of bailouts....

ECJ: Hungarian retail tax may violate directive

Two days after European Commissioner for Transport Siim Kallas described Hungary’s just-introduced toll system for trucks and tractor-trailers as “not...

PwC on Austria banks: Hungary, Romania worst performers

Multinational professional services firm PricewaterhouseCoopers (PwC) has released a new report on Austria-based asset quality, not surprisingly listing Hungarian and...

Bank execs: “Funding For Growth” too brief, ineffective

At a Joint Venture Association conference yesterday, OTP Bank Deputy CEO László Wolf suggested that Hungarian SMEs tend to prefer...