Finance

MNB

Finance Ministry leaves 2007 deficit unchanged

The Finance Ministry will not change its accrual-based general deficit target for 2007, in spite of expecting to close 2006...

Banking

Irish workers pay least tax as portion of salary

Irish workers pay the lowest income tax as a percentage of their total income among European Union countries, according to...

MNB

Gold may rise as investors seek alternative to dollar

Gold may rise, snapping a two-week slide, on speculation Russia and Middle Eastern crude-oil producers may shift reserves away from...

Debt

Hungary to sell Ft 85 bln of bonds at auction next week

Hungary plans to sell Ft 45 billion (€177.7 million) of bonds maturing in June 2012 and Ft 40 billion of...

MNB

Hungary to sell Ft 7,700 bln in bonds in 2007

Hungary plans to cut debt sales by 8.5% next year to finance government spending and pay off maturing debt, the...

MNB

Hungary’s Monetary base falls

Hungary’s monetary base fell Ft 68.9 billion in November to Ft 2,563.5 billion in line with the trend seen earlier...

Ratings

Moody’s downgrades financial strength of OTP Bank, mortgage unit

Ratings agency Moody's on Tuesday said it had downgraded the financial strength ratings (FSR) of Hungary's OTP Bank Nyrt and...

MNB

Romanian lei, world’s best performer, may rise in 2007 on EU

Romania's lei surpassed all European currencies to become the world's best performer this year and is poised for more gains...

MNB

Hungary’s Q3 GDP growth revised up to adjusted 3.9%

Hungary's economy increased a calendar-year-adjusted 3.9% in volume terms in the Q3 of 2006 from the same period a year...

Banking

Hungary says November budget deficit narrower than expected

Hungary, which has the European Union's widest budget deficit, said the shortfall in November was narrower than expected as fiscal...

Banking

Joint Venture Association urges business unions to back changes to tax system

The Joint Venture Association (JVSZ) issued a statement on Thursday urging all of Hungary's business associations to back changes to...

MNB

Hungary’s international reserves up €292 mln in November

Hungary's international reserves increased €292 million in November after a €146 million fall in October, preliminary figures released by the...

MNB

Household lending stock stops growing in October

Hungarian banks' retail lending stock stopped growing in October, the National Bank of Hungary (MNB) said on Wednesday....

Banking

Constitution Court gives go-ahead for banking tax

The Constitution Court ruled on Tuesday to uphold the government's planned introduction of a banking tax, rejecting banks' claims that...

MNB

CIB Group posts Ft 19.6 bln after-tax profit in Q1-Q3

The CIB Group recorded after-tax profit of Ft 19.6 billion (€75.83 million) during the first three quarters of 2006, an...

MNB

Finance Ministry leaves 2007 deficit unchanged

The Finance Ministry will not change its accrual-based general deficit target for 2007, in spite of expecting to close 2006...

Banking

Irish workers pay least tax as portion of salary

Irish workers pay the lowest income tax as a percentage of their total income among European Union countries, according to...

MNB

Gold may rise as investors seek alternative to dollar

Gold may rise, snapping a two-week slide, on speculation Russia and Middle Eastern crude-oil producers may shift reserves away from...

Debt

Hungary to sell Ft 85 bln of bonds at auction next week

Hungary plans to sell Ft 45 billion (€177.7 million) of bonds maturing in June 2012 and Ft 40 billion of...

MNB

Hungary to sell Ft 7,700 bln in bonds in 2007

Hungary plans to cut debt sales by 8.5% next year to finance government spending and pay off maturing debt, the...

MNB

Hungary’s Monetary base falls

Hungary’s monetary base fell Ft 68.9 billion in November to Ft 2,563.5 billion in line with the trend seen earlier...

Ratings

Moody’s downgrades financial strength of OTP Bank, mortgage unit

Ratings agency Moody's on Tuesday said it had downgraded the financial strength ratings (FSR) of Hungary's OTP Bank Nyrt and...

MNB

Romanian lei, world’s best performer, may rise in 2007 on EU

Romania's lei surpassed all European currencies to become the world's best performer this year and is poised for more gains...

MNB

Hungary’s Q3 GDP growth revised up to adjusted 3.9%

Hungary's economy increased a calendar-year-adjusted 3.9% in volume terms in the Q3 of 2006 from the same period a year...

Banking

Hungary says November budget deficit narrower than expected

Hungary, which has the European Union's widest budget deficit, said the shortfall in November was narrower than expected as fiscal...

Banking

Joint Venture Association urges business unions to back changes to tax system

The Joint Venture Association (JVSZ) issued a statement on Thursday urging all of Hungary's business associations to back changes to...

MNB

Hungary’s international reserves up €292 mln in November

Hungary's international reserves increased €292 million in November after a €146 million fall in October, preliminary figures released by the...

MNB

Household lending stock stops growing in October

Hungarian banks' retail lending stock stopped growing in October, the National Bank of Hungary (MNB) said on Wednesday....

Banking

Constitution Court gives go-ahead for banking tax

The Constitution Court ruled on Tuesday to uphold the government's planned introduction of a banking tax, rejecting banks' claims that...