Finance

Debt

ÁKK raises six-week T-bill offer on strong demand

The State Debt Management Center (ÁKK) sold Ft 40 billion of six-week T-bills at auction on Monday, raising the original...

MNB

Hungarian bonds gain most in Europe as budget cuts cause riots

Hungarian bonds posted the biggest gains in Europe since Prime Minister Ferenc Gyurcsány announced plans to cut the budget deficit...

Debt

OTP announced the issue of €500 million perpetual NC10 subordinated notes

OTP Bank Plc. gave the following announcement in line with its obligations set by the Capital Market Act: on October...

MNB

Household debt stock increases 22% in January-September

Gross household debt was Ft 4,620 billion at the end of September, 22% more than at the end of 2005,...

Banking

Audi seeks compensation in Hungary for tax

Volkswagen AG's Audi luxury car unit is demanding the Hungarian government compensate it for a new tax on corporate profits,...

Ratings

Moody’s raises ratings at 17 government financial institutions

Czech Export Bank and , Hungarian Development Bank are among 17 government-affiliated financial institutions that had their debt ratings raised...

MNB

Consumer loan rates fall, home loan rates rise in September

Retail rates for forint-denominated consumer loans fell in September, while rates for home loans rose, the National Bank of Hungary...

Banking

Veres warns unions against proposals endangering deficit target

Finance Minister János Veres warned unions and employers on Friday against any proposals which would raise the fiscal deficit in...

Banking

Budget revenues may exceed October goal, PM says

Prime Minister Ferenc Gyurcsány, struggling to reduce the European Union's widest budget deficit, said budget revenue may exceed the government's...

MNB

Hungarian forint rises to 5-month high as risk appetite spurred

Hungary's forint climbed to its highest in almost five months against the euro as signs US interest rates will be...

MNB

Romanian eight-month current-account gap widens 51%

Romania's current-account deficit widened 51% in the first eight months of the year from the year-earlier period, triggered by an...

MNB

2005 fiscal deficit 6.5%, up from preliminary – KSH

Hungary's 2005 ESA95 general government deficit was 6.5% of GDP after adjustment for the pension reform and was 7.8% of...

Banking

Gov’t considers freezing income tax brackets until 2010

At a first reading of the 2007 budget on Wednesday, the government considered freezing personal income tax brackets until 2010...

MNB

Budget debt up 14.4% in January-September

Foreign currency- and forint-denominated debt of the central government rose a combined Ft 1,841.5 billion (14.4%) in January-September, compared to...

MNB

MFB to offer preferential loans to former state workers from November

The Hungarian Development Bank (MFB) Zrt will start offering preferential loans to public sector workers laid off as a result...

Debt

ÁKK raises six-week T-bill offer on strong demand

The State Debt Management Center (ÁKK) sold Ft 40 billion of six-week T-bills at auction on Monday, raising the original...

MNB

Hungarian bonds gain most in Europe as budget cuts cause riots

Hungarian bonds posted the biggest gains in Europe since Prime Minister Ferenc Gyurcsány announced plans to cut the budget deficit...

Debt

OTP announced the issue of €500 million perpetual NC10 subordinated notes

OTP Bank Plc. gave the following announcement in line with its obligations set by the Capital Market Act: on October...

MNB

Household debt stock increases 22% in January-September

Gross household debt was Ft 4,620 billion at the end of September, 22% more than at the end of 2005,...

Banking

Audi seeks compensation in Hungary for tax

Volkswagen AG's Audi luxury car unit is demanding the Hungarian government compensate it for a new tax on corporate profits,...

Ratings

Moody’s raises ratings at 17 government financial institutions

Czech Export Bank and , Hungarian Development Bank are among 17 government-affiliated financial institutions that had their debt ratings raised...

MNB

Consumer loan rates fall, home loan rates rise in September

Retail rates for forint-denominated consumer loans fell in September, while rates for home loans rose, the National Bank of Hungary...

Banking

Veres warns unions against proposals endangering deficit target

Finance Minister János Veres warned unions and employers on Friday against any proposals which would raise the fiscal deficit in...

Banking

Budget revenues may exceed October goal, PM says

Prime Minister Ferenc Gyurcsány, struggling to reduce the European Union's widest budget deficit, said budget revenue may exceed the government's...

MNB

Hungarian forint rises to 5-month high as risk appetite spurred

Hungary's forint climbed to its highest in almost five months against the euro as signs US interest rates will be...

MNB

Romanian eight-month current-account gap widens 51%

Romania's current-account deficit widened 51% in the first eight months of the year from the year-earlier period, triggered by an...

MNB

2005 fiscal deficit 6.5%, up from preliminary – KSH

Hungary's 2005 ESA95 general government deficit was 6.5% of GDP after adjustment for the pension reform and was 7.8% of...

Banking

Gov’t considers freezing income tax brackets until 2010

At a first reading of the 2007 budget on Wednesday, the government considered freezing personal income tax brackets until 2010...

MNB

Budget debt up 14.4% in January-September

Foreign currency- and forint-denominated debt of the central government rose a combined Ft 1,841.5 billion (14.4%) in January-September, compared to...