Finance

Banking

EU carbon tax would help climate, and create jobs

Taxing carbon dioxide emissions instead of labor would help the environment and create jobs, European Union Taxation Commissioner László Kovács...

Banking

EU seeks tax compromises on beer, liquor, downloads

The European Union is pushing to end an impasse on tax laws including beer and liquor levies, value-added tax on...

MNB

Seasonally adjusted ESA deficit drops to preliminary 7.7% of GDP in Q3

The seasonally adjusted net financing requirement of the Hungarian general government was 7.7% of the quarter's estimated GDP in the...

Banking

Gov’t expands Start program

The government approved plans to expand the so-called Start program to assist various disadvantaged groups of society in finding employment,...

MNB

Romania’s BCR gets €50 mln loan for EU-related projects

Banca Comerciala Romana SA, Romania's biggest bank, is getting a €50 million ($65 million) loan from the European Investment Bank...

MNB

Barclays recommends Hungarian bonds on budget – extended

Hungarian bonds will probably extend gains, bolstered by investor confidence in the government's measures to cut the European Union's largest...

Ratings

Moody’s upgrades financial strength rating of Erste Bank Hungary

The international credit rating agency Moody's Investors Service said it upgraded the bank financial strength rating (FSR) of Erste Bank...

MNB

ELLA Bank sells Ft 2.2 bln of mortgage-backed bonds at auction

Hungarian home savings bank ELLA Zrt sold mortgage-backed bonds worth Ft 2.2 billion at an auction on Monday after receiving...

MNB

Forint rises to eight-month high on demand for Hungarian bonds

Hungary's forint advanced to its highest in more than eight months as investors bought forint- denominated debt, the highest-yielding in...

Banking

World Bank argues for simpler taxation

A simplified tax system can be the key to success for governments to increase tax revenues by easing the burden...

MNB

State to inject Ft 111.6 bln in MÁV

The state will raise capital in Hungarian railway company MÁV by Ft 111.6 bln, the Ministry of Economic Affairs and...

MNB

Forint set for weekly gain as foreigners buy Hungarian bonds

Hungary's forint is set for a weekly gain as investors buy the currency to purchase Hungarian government bonds, the highest...

Banking

PM on Hungarian-Romanian business opportunities

The governments of Hungary and Romania must eliminate all obstacles to effective business cooperation, PM Ferenc Gyurcsány said at a...

MNB

HVBJ to start Ft 50 bln mortgage bond program

Mortgage bank HVB Jelzálogbank Zrt (HVBJ) will launch a Ft 50 billion mortgage bond program at the end of November,...

Ratings

Moody’s officials on visit in Hungary

Officials of ratings agency Moody's are on a visit in Hungary, Finance Ministry spokesman Ferenc Pichler told on Thursday, adding...

Banking

EU carbon tax would help climate, and create jobs

Taxing carbon dioxide emissions instead of labor would help the environment and create jobs, European Union Taxation Commissioner László Kovács...

Banking

EU seeks tax compromises on beer, liquor, downloads

The European Union is pushing to end an impasse on tax laws including beer and liquor levies, value-added tax on...

MNB

Seasonally adjusted ESA deficit drops to preliminary 7.7% of GDP in Q3

The seasonally adjusted net financing requirement of the Hungarian general government was 7.7% of the quarter's estimated GDP in the...

Banking

Gov’t expands Start program

The government approved plans to expand the so-called Start program to assist various disadvantaged groups of society in finding employment,...

MNB

Romania’s BCR gets €50 mln loan for EU-related projects

Banca Comerciala Romana SA, Romania's biggest bank, is getting a €50 million ($65 million) loan from the European Investment Bank...

MNB

Barclays recommends Hungarian bonds on budget – extended

Hungarian bonds will probably extend gains, bolstered by investor confidence in the government's measures to cut the European Union's largest...

Ratings

Moody’s upgrades financial strength rating of Erste Bank Hungary

The international credit rating agency Moody's Investors Service said it upgraded the bank financial strength rating (FSR) of Erste Bank...

MNB

ELLA Bank sells Ft 2.2 bln of mortgage-backed bonds at auction

Hungarian home savings bank ELLA Zrt sold mortgage-backed bonds worth Ft 2.2 billion at an auction on Monday after receiving...

MNB

Forint rises to eight-month high on demand for Hungarian bonds

Hungary's forint advanced to its highest in more than eight months as investors bought forint- denominated debt, the highest-yielding in...

Banking

World Bank argues for simpler taxation

A simplified tax system can be the key to success for governments to increase tax revenues by easing the burden...

MNB

State to inject Ft 111.6 bln in MÁV

The state will raise capital in Hungarian railway company MÁV by Ft 111.6 bln, the Ministry of Economic Affairs and...

MNB

Forint set for weekly gain as foreigners buy Hungarian bonds

Hungary's forint is set for a weekly gain as investors buy the currency to purchase Hungarian government bonds, the highest...

Banking

PM on Hungarian-Romanian business opportunities

The governments of Hungary and Romania must eliminate all obstacles to effective business cooperation, PM Ferenc Gyurcsány said at a...

MNB

HVBJ to start Ft 50 bln mortgage bond program

Mortgage bank HVB Jelzálogbank Zrt (HVBJ) will launch a Ft 50 billion mortgage bond program at the end of November,...