Finance

MNB

Financial system stable, but lending activity still low, MNB report reveals

The resilience of Hungary's financial system is "adequate" in terms of capital and liquidity, but banks' willingness to lend to...

Banking

Country protection fund should remain unspent to keep deficit below 3%, Fiscal Council says

The Hungarian government should keep the HUF 170 billion Country Protection Fund unspent in the remainder of the year too...

Banking

Hungary’s Chief negotiator points out agreements with EU/IMF in debate

There are points of agreement with EU/IMF, Mihály Varga, the government's chief negotiator said answering a deputy's question on the...

MNB

MNB to press on with easing amid benign risk backdrop, says City

Dovish external members of the Hungarian central bank's monetary policy council are likely to push through another 25bp interest rate...

MNB

Hungary to take over credit from debt-laden municipalities

Hungary’s central government will take over HUF 612 billion of local council debt to ease the burden on municipalities and...

Banking

Interest expenditure target for 2013 “realistic”

The HUF 1,225.5 billion target for interest expenditures in next year's budget is "realistic" and could even be lower if...

Banking

Hungary slips to 54th place in Doing Business ranking

Hungary's slipped to 54th place on the World Bank's latest Doing Business ranking from 51st a year earlier....

MNB

Simor urges end to “vicious cycle” of burdening banks

National Bank of Hungary governor András Simor on Tuesday pressed for an end to the "vicious cycle" of placing state...

Banking

EC decision on telco tax not expected this year

Hungary's government does not expect the European Commission to take a decision on the country's telco tax this year, daily...

Debt

ÁKK cuts offer on weak demand at “liquidity” bill auction

The Government Debt Management Agency (ÁKK) cut its offer on weak demand at an auction of eight-week "liquidity" T-bills on...

MNB

Hungary default insurance cost drops to fresh year-low

The cost of insuring Hungary's sovereign debt against default fell under 300bp on markets in London....

Debt

Hungary plans launch of inflation-pegged eurobond for retail investors

Hungary's Government Debt Management Agency (ÁKK) plans to launch a three-year, floating rate, euro-denominated bond targeted at retail investors, deputy-CEO...

Ratings

Hungary “wouldn’t be well-placed” without IMF deal, says Fitch director

Hungary "wouldn't be well-placed" if it fails to reach an agreement on precautionary financial assistance it is seeking from the...

MNB

Financial system stable, but lending activity still low, MNB report reveals

The resilience of Hungary's financial system is "adequate" in terms of capital and liquidity, but banks' willingness to lend to...

Banking

Country protection fund should remain unspent to keep deficit below 3%, Fiscal Council says

The Hungarian government should keep the HUF 170 billion Country Protection Fund unspent in the remainder of the year too...

Banking

Hungary’s Chief negotiator points out agreements with EU/IMF in debate

There are points of agreement with EU/IMF, Mihály Varga, the government's chief negotiator said answering a deputy's question on the...

MNB

MNB to press on with easing amid benign risk backdrop, says City

Dovish external members of the Hungarian central bank's monetary policy council are likely to push through another 25bp interest rate...

MNB

Hungary to take over credit from debt-laden municipalities

Hungary’s central government will take over HUF 612 billion of local council debt to ease the burden on municipalities and...

Banking

Interest expenditure target for 2013 “realistic”

The HUF 1,225.5 billion target for interest expenditures in next year's budget is "realistic" and could even be lower if...

Banking

Hungary slips to 54th place in Doing Business ranking

Hungary's slipped to 54th place on the World Bank's latest Doing Business ranking from 51st a year earlier....

MNB

Simor urges end to “vicious cycle” of burdening banks

National Bank of Hungary governor András Simor on Tuesday pressed for an end to the "vicious cycle" of placing state...

Banking

EC decision on telco tax not expected this year

Hungary's government does not expect the European Commission to take a decision on the country's telco tax this year, daily...

Debt

ÁKK cuts offer on weak demand at “liquidity” bill auction

The Government Debt Management Agency (ÁKK) cut its offer on weak demand at an auction of eight-week "liquidity" T-bills on...

MNB

Hungary default insurance cost drops to fresh year-low

The cost of insuring Hungary's sovereign debt against default fell under 300bp on markets in London....

Debt

Hungary plans launch of inflation-pegged eurobond for retail investors

Hungary's Government Debt Management Agency (ÁKK) plans to launch a three-year, floating rate, euro-denominated bond targeted at retail investors, deputy-CEO...

Ratings

Hungary “wouldn’t be well-placed” without IMF deal, says Fitch director

Hungary "wouldn't be well-placed" if it fails to reach an agreement on precautionary financial assistance it is seeking from the...

Financial system stable, but lending activity still low, MNB report reveals

The resilience of Hungary's financial system is "adequate" in terms of capital and liquidity, but banks' willingness to lend to...

Country protection fund should remain unspent to keep deficit below 3%, Fiscal Council says

The Hungarian government should keep the HUF 170 billion Country Protection Fund unspent in the remainder of the year too...

Hungary’s Chief negotiator points out agreements with EU/IMF in debate

There are points of agreement with EU/IMF, Mihály Varga, the government's chief negotiator said answering a deputy's question on the...

MNB to press on with easing amid benign risk backdrop, says City

Dovish external members of the Hungarian central bank's monetary policy council are likely to push through another 25bp interest rate...

Hungary to take over credit from debt-laden municipalities

Hungary’s central government will take over HUF 612 billion of local council debt to ease the burden on municipalities and...

Interest expenditure target for 2013 “realistic”

The HUF 1,225.5 billion target for interest expenditures in next year's budget is "realistic" and could even be lower if...

Hungary slips to 54th place in Doing Business ranking

Hungary's slipped to 54th place on the World Bank's latest Doing Business ranking from 51st a year earlier....

Simor urges end to “vicious cycle” of burdening banks

National Bank of Hungary governor András Simor on Tuesday pressed for an end to the "vicious cycle" of placing state...

EC decision on telco tax not expected this year

Hungary's government does not expect the European Commission to take a decision on the country's telco tax this year, daily...

ÁKK cuts offer on weak demand at “liquidity” bill auction

The Government Debt Management Agency (ÁKK) cut its offer on weak demand at an auction of eight-week "liquidity" T-bills on...

Hungary default insurance cost drops to fresh year-low

The cost of insuring Hungary's sovereign debt against default fell under 300bp on markets in London....

Hungary plans launch of inflation-pegged eurobond for retail investors

Hungary's Government Debt Management Agency (ÁKK) plans to launch a three-year, floating rate, euro-denominated bond targeted at retail investors, deputy-CEO...

Hungary “wouldn’t be well-placed” without IMF deal, says Fitch director

Hungary "wouldn't be well-placed" if it fails to reach an agreement on precautionary financial assistance it is seeking from the...