Finance

MNB

Banking sector forex loans grow 9.2% in June

The stock of foreign currency-denominated loans of Hungary's banking sector rose 9.2% to Ft 7,327.5 billion in June, according to...

MNB

Veres puts euro adoption date in 2011 at earliest

Based on figures from the government's draft convergence program announced by Prime Minister Ferenc Gyurcsány on Tuesday, Hungary can introduce...

MNB

Crompton Greaves signs Transelektro deal

India's Crompton Greaves on Saturday signed a contract to purchase stakes in Ganz Transelektro Villamossági Rt (GTV), which exercises ownership...

Banking

Revenue from simplified business tax continues to rise

Small companies and self-employed individuals who have opted to pay the Simplified Business Tax (EVA), rather than the regular corporate...

MNB

Ecostat projects 3.8%-3.9% GDP growth this year

Economic research firm Ecostat projects 3.8%-3.9% GDP growth in 2006 and an average consumer price index of 3.5%, according to...

MNB

ESA deficit drops to 8.2% of GDP in Q2

The net financing requirement of the Hungarian general government, equivalent to the ESA95 general government deficit, was 8.2% of the...

MNB

MFB H1 profits fall 32.8%

The Hungarian Development Bank Rt (MFB) had after-tax profit of Ft 3.13 billion in the first half of 2006, 32.8%...

Ratings

Moody’s: no imminent rating action on Hungary

MNB

Erste Bank H1 net profits hardly changed at Ft 7.89 bln

Erste Bank Hungary Nyrt had after-tax profit of Ft 7.89 billion in the first half of 2006, 0.3% more than...

MNB

Raiffeisen to lend Ft 3.5 bln to MÁV

Raiffeisen Bank Zrt won a tender to provide state-owned Hungarian railway MÁV Zrt overdraft loans worth a combined Ft 3.5...

Banking

Minimum wages taxed again

MNB

Bourse spot market turnover falls 17.4% in June

Double-counted turnover on the spot market of the Budapest Stock Exchange (BÉT) was Ft 1,061 billion in July, 17.4% less...

Ratings

S&P to publish report on FX risk in region’s banking sector

MNB

ELLA Bank pre-tax profits jump to Ft 383 mln in H1

ELLA Bank Rt had unaudited pre-tax profits of Ft 383 million in the first half of 2006, sharply up from...

MNB

Assets in funds managed by BAMOSZ members up 11% in H1

Members of the Hungarian Association of Fund and Asset Managers (BAMOSZ) managed assets in funds of Ft 2,084 billion at...

MNB

Banking sector forex loans grow 9.2% in June

The stock of foreign currency-denominated loans of Hungary's banking sector rose 9.2% to Ft 7,327.5 billion in June, according to...

MNB

Veres puts euro adoption date in 2011 at earliest

Based on figures from the government's draft convergence program announced by Prime Minister Ferenc Gyurcsány on Tuesday, Hungary can introduce...

MNB

Crompton Greaves signs Transelektro deal

India's Crompton Greaves on Saturday signed a contract to purchase stakes in Ganz Transelektro Villamossági Rt (GTV), which exercises ownership...

Banking

Revenue from simplified business tax continues to rise

Small companies and self-employed individuals who have opted to pay the Simplified Business Tax (EVA), rather than the regular corporate...

MNB

Ecostat projects 3.8%-3.9% GDP growth this year

Economic research firm Ecostat projects 3.8%-3.9% GDP growth in 2006 and an average consumer price index of 3.5%, according to...

MNB

ESA deficit drops to 8.2% of GDP in Q2

The net financing requirement of the Hungarian general government, equivalent to the ESA95 general government deficit, was 8.2% of the...

MNB

MFB H1 profits fall 32.8%

The Hungarian Development Bank Rt (MFB) had after-tax profit of Ft 3.13 billion in the first half of 2006, 32.8%...

Ratings

Moody’s: no imminent rating action on Hungary

MNB

Erste Bank H1 net profits hardly changed at Ft 7.89 bln

Erste Bank Hungary Nyrt had after-tax profit of Ft 7.89 billion in the first half of 2006, 0.3% more than...

MNB

Raiffeisen to lend Ft 3.5 bln to MÁV

Raiffeisen Bank Zrt won a tender to provide state-owned Hungarian railway MÁV Zrt overdraft loans worth a combined Ft 3.5...

Banking

Minimum wages taxed again

MNB

Bourse spot market turnover falls 17.4% in June

Double-counted turnover on the spot market of the Budapest Stock Exchange (BÉT) was Ft 1,061 billion in July, 17.4% less...

Ratings

S&P to publish report on FX risk in region’s banking sector

MNB

ELLA Bank pre-tax profits jump to Ft 383 mln in H1

ELLA Bank Rt had unaudited pre-tax profits of Ft 383 million in the first half of 2006, sharply up from...