Finance

Banking

Gov’t was wrong to allow illusion of prosperity, says Gyurcsány

It was wrong of Hungary's Socialist-led government to give the illusion for so long that the country was enjoying prosperity,...

Ratings

S&P downgrades Hungary credit rating on budget concerns

Standard & Poor's has cut Hungary's credit ratings on concern the government's plan to fix the budget deficit may not...

Banking

Gov’t submits bill to tax companies’ extra stock of cash

A cabinet meeting on Tuesday approved a proposal that would tax businesses' stock of cash minus payouts in order to...

Banking

Bourse limits FHB price change to 30% for Wednesday

The Budapest Stock Exchange (BÉT) announced on Wednesday it would suspend trading in shares of Land Credit and Mortgage Bank...

Banking

PM announces new taxes, other changes

The government will not change the family support system, will continue adjusting pensions to cost of living and will keep...

MNB

GDP up 4.6% yr/yr in Q1

Hungary's economy expanded 4.6% year on year in volume terms in the first quarter of 2006, according to unadjusted figures,...

MNB

International reserves rise €236 mln in May

Hungary's international reserves increased €236 million in May, after a €1.081 billion fall in April, National Bank of Hungary (MNB)...

Banking

Deficit reduction package contains equal parts cost cuts, revenue increases

The government envisions in its new program a Ft 1,000 billion deficit reduction by the end of 2007, resulting in...

MNB

OTP issues 100,000 AmEx cards in a year

OTP Bank Rt has issued 100,000 American Express credit cards in the past 12 months, triple the number expected, deputy...

Banking

Gov’t was wrong to allow illusion of prosperity, says Gyurcsány

It was wrong of Hungary's Socialist-led government to give the illusion for so long that the country was enjoying prosperity,...

Ratings

S&P downgrades Hungary credit rating on budget concerns

Standard & Poor's has cut Hungary's credit ratings on concern the government's plan to fix the budget deficit may not...

Banking

Gov’t submits bill to tax companies’ extra stock of cash

A cabinet meeting on Tuesday approved a proposal that would tax businesses' stock of cash minus payouts in order to...

Banking

Bourse limits FHB price change to 30% for Wednesday

The Budapest Stock Exchange (BÉT) announced on Wednesday it would suspend trading in shares of Land Credit and Mortgage Bank...

Banking

PM announces new taxes, other changes

The government will not change the family support system, will continue adjusting pensions to cost of living and will keep...

MNB

GDP up 4.6% yr/yr in Q1

Hungary's economy expanded 4.6% year on year in volume terms in the first quarter of 2006, according to unadjusted figures,...

MNB

International reserves rise €236 mln in May

Hungary's international reserves increased €236 million in May, after a €1.081 billion fall in April, National Bank of Hungary (MNB)...

Banking

Deficit reduction package contains equal parts cost cuts, revenue increases

The government envisions in its new program a Ft 1,000 billion deficit reduction by the end of 2007, resulting in...

MNB

OTP issues 100,000 AmEx cards in a year

OTP Bank Rt has issued 100,000 American Express credit cards in the past 12 months, triple the number expected, deputy...

Gov’t was wrong to allow illusion of prosperity, says Gyurcsány

It was wrong of Hungary's Socialist-led government to give the illusion for so long that the country was enjoying prosperity,...

S&P downgrades Hungary credit rating on budget concerns

Standard & Poor's has cut Hungary's credit ratings on concern the government's plan to fix the budget deficit may not...

Gov’t submits bill to tax companies’ extra stock of cash

A cabinet meeting on Tuesday approved a proposal that would tax businesses' stock of cash minus payouts in order to...

Bourse limits FHB price change to 30% for Wednesday

The Budapest Stock Exchange (BÉT) announced on Wednesday it would suspend trading in shares of Land Credit and Mortgage Bank...

PM announces new taxes, other changes

The government will not change the family support system, will continue adjusting pensions to cost of living and will keep...

GDP up 4.6% yr/yr in Q1

Hungary's economy expanded 4.6% year on year in volume terms in the first quarter of 2006, according to unadjusted figures,...

International reserves rise €236 mln in May

Hungary's international reserves increased €236 million in May, after a €1.081 billion fall in April, National Bank of Hungary (MNB)...

Deficit reduction package contains equal parts cost cuts, revenue increases

The government envisions in its new program a Ft 1,000 billion deficit reduction by the end of 2007, resulting in...

OTP issues 100,000 AmEx cards in a year

OTP Bank Rt has issued 100,000 American Express credit cards in the past 12 months, triple the number expected, deputy...