Finance

Banking

Romania to resume foreign debt sales, Finance Minister says

Romania may resume international debt sales in 2007 for the first time in almost four years to fund health care...

MNB

Savings cooperative assets exceed Ft 1,300 bln

The combined assets of Hungary's savings cooperatives exceeded Ft 1,300 bln at the end of November 2006, well over the...

MNB

Gold loses allure as stocks rally; Yamada is unfazed

Gold lost its luster in December, confounding analysts and investors who predicted the metal would lead the commodities markets in...

Ratings

City analysts offer mixed picture for Hungary in 2007

Emerging market analysts polled by MTI's London correspondent offered a mixed picture for Hungary's economy in 2007, although pessimists were...

MNB

General government net financing requirement drops to 7.8% of GDP in Q3 2006

The seasonally adjusted net financing requirement of the Hungarian general government was 7.8% of the quarter's estimated GDP in the...

MNB

Steinmetz’s Scorpio raises 500 Mln Shekels from investors

Scorpio Real Estate Ltd., an Israeli company controlled by diamond entrepreneur Benny Steinmetz, raised 500 million shekels ($119 million) in...

MNB

Hungary to up subscribed capital of national railway co by Ft 112 bln

Hungary will raise the subscribed capital of loss-making state-run railway company MÁV by Ft 111.6 billion (€444.27 million) in 2007....

Ratings

Ukraine will probably resume borrowing in Q2

Ukraine's government will resume foreign and domestic bond sales in the Q2 of next year as the fiscal deficit widens,...

MNB

Hungarian quarterly current-account deficit narrows on services

Hungary's current-account deficit narrowed in the Q3 from the previous three-month period as the deficit on services and income shrank....

MNB

Gold prices rise on demand for alternative to slumping dollar

Gold prices in New York climbed to the highest in three weeks as a decline in the value of the...

MNB

Fiat to book €450 mln gain from Credit Agricole Venture

Fiat SpA, Italy's largest manufacturer, will book a gain of €450 million ($595.2 million) from the sale of a stake...

MNB

Gold takeovers reach record as companies fail to find new mines

Gold-company acquisitions this year surged to the highest level in at least a decade, and the industry may continue its...

Ratings

Moody’s cuts Hungary’s ratings to A2 from A1

Moody's Investors Service has downgraded the credit ratings for the Republic of Hungary's local and foreign currency government bonds and...

Ratings

Hungary’s rating outlook raised to stable By Standard & Poor’s – extended

Standard and Poor's Ratings Services announced on Thursday that it revised its outlook on the sovereign credit ratings on the...

MNB

Gold prices decline after euro’s rally against dollar stalls

Gold prices fell in New York, erasing an earlier gain, on speculation the value of the dollar will hold steady...

Banking

Romania to resume foreign debt sales, Finance Minister says

Romania may resume international debt sales in 2007 for the first time in almost four years to fund health care...

MNB

Savings cooperative assets exceed Ft 1,300 bln

The combined assets of Hungary's savings cooperatives exceeded Ft 1,300 bln at the end of November 2006, well over the...

MNB

Gold loses allure as stocks rally; Yamada is unfazed

Gold lost its luster in December, confounding analysts and investors who predicted the metal would lead the commodities markets in...

Ratings

City analysts offer mixed picture for Hungary in 2007

Emerging market analysts polled by MTI's London correspondent offered a mixed picture for Hungary's economy in 2007, although pessimists were...

MNB

General government net financing requirement drops to 7.8% of GDP in Q3 2006

The seasonally adjusted net financing requirement of the Hungarian general government was 7.8% of the quarter's estimated GDP in the...

MNB

Steinmetz’s Scorpio raises 500 Mln Shekels from investors

Scorpio Real Estate Ltd., an Israeli company controlled by diamond entrepreneur Benny Steinmetz, raised 500 million shekels ($119 million) in...

MNB

Hungary to up subscribed capital of national railway co by Ft 112 bln

Hungary will raise the subscribed capital of loss-making state-run railway company MÁV by Ft 111.6 billion (€444.27 million) in 2007....

Ratings

Ukraine will probably resume borrowing in Q2

Ukraine's government will resume foreign and domestic bond sales in the Q2 of next year as the fiscal deficit widens,...

MNB

Hungarian quarterly current-account deficit narrows on services

Hungary's current-account deficit narrowed in the Q3 from the previous three-month period as the deficit on services and income shrank....

MNB

Gold prices rise on demand for alternative to slumping dollar

Gold prices in New York climbed to the highest in three weeks as a decline in the value of the...

MNB

Fiat to book €450 mln gain from Credit Agricole Venture

Fiat SpA, Italy's largest manufacturer, will book a gain of €450 million ($595.2 million) from the sale of a stake...

MNB

Gold takeovers reach record as companies fail to find new mines

Gold-company acquisitions this year surged to the highest level in at least a decade, and the industry may continue its...

Ratings

Moody’s cuts Hungary’s ratings to A2 from A1

Moody's Investors Service has downgraded the credit ratings for the Republic of Hungary's local and foreign currency government bonds and...

Ratings

Hungary’s rating outlook raised to stable By Standard & Poor’s – extended

Standard and Poor's Ratings Services announced on Thursday that it revised its outlook on the sovereign credit ratings on the...