Finance

MNB

Cetelem profits slip in 2005

Magyar Cetelem Bank Rt, a leader on Hungary's consumer loan market, had after-tax profit of Ft 3.629 billion in 2005,...

MNB

FHB stock of mortgage bonds up Ft 28.6 bln in Q1

The Land Credit and Mortgage Bank (FHB) Rt's stock of outstanding mortgage bonds was Ft 432.43 billion at the end...

Debt

ÁKK sells Ft 40 bln of three-month T-bills on rising yields

The State Debt Management Center (ÁKK) sold Ft 40 billion of three-month T-bills at auction on Tuesday, the planned amount....

MNB

OJB stock of mortgage bonds decreases in Q1

MNB

Growth of monetary base rises to 113.7% in March

The monetary base (M0) rose by an annualized month-on-month rate of 13.7% in March, 1 percentage point more than in...

Banking

Corporate tax below EU average in Hungary

Corporate tax rates across Europe are being driven steadily down by a combination of competition amongst EU member states for...

Banking

Apeh discovers Ft 152 bln in unpaid taxes in audits in 2005

The National Tax Office (Apeh) discovered unpaid taxes of Ft 152 billion (€578 million) in audits carried out in 2005,...

MNB

Hungary reports to Brussels 6.1% budget deficit for 2005

Hungary will submit to Brussels on Friday a report on its economy in 2005, Finance Minister János Veres announced....

MNB

MKB to lend Ft 90 bln for Hungary’s roads

A group of banks led by MKB Bank Rt won a bid to lend the Hungarian state Ft 90 billion...

Debt

Yields sharply up at 6-month discount T-bill auction

Yields rose sharply at an auction of 6-month discount T-bills on Wednesday where the Government Debt Management Agency (ÁKK) sold...

Ratings

Hungary to price ₤500 mln bond issue 65-70bp over gilts

Hungary has set guidance for its forthcoming ₤500 million 10-year bond at 65 to 70 basis points over gilts, one...

MNB

Mol sells treasury stocks to Magnolia

In line with earlier announcements, Hungarian oil and gas company Mol Rt sold 6.7 million treasury stocks to Channel Islands-based...

Debt

OJB to offer mortgage bonds to retail investors

OTP Bank Rt's mortgage bank OTP Jelzálogbank Rt (OJB) will offer a one-year mortgage backed bond and a ten-year mortgage...

Banking

Tax on interest earnings enjoys little support

Plans to introduce a tax on interest earnings from 2007 could be scrapped as a result of campaign promises in...

MNB

Axiál reaps high growth

Agricultural machine parts distributor and service company Axiál Kft increased its turnover by 37% last year, from Ft 20.2 billion...

MNB

Cetelem profits slip in 2005

Magyar Cetelem Bank Rt, a leader on Hungary's consumer loan market, had after-tax profit of Ft 3.629 billion in 2005,...

MNB

FHB stock of mortgage bonds up Ft 28.6 bln in Q1

The Land Credit and Mortgage Bank (FHB) Rt's stock of outstanding mortgage bonds was Ft 432.43 billion at the end...

Debt

ÁKK sells Ft 40 bln of three-month T-bills on rising yields

The State Debt Management Center (ÁKK) sold Ft 40 billion of three-month T-bills at auction on Tuesday, the planned amount....

MNB

OJB stock of mortgage bonds decreases in Q1

MNB

Growth of monetary base rises to 113.7% in March

The monetary base (M0) rose by an annualized month-on-month rate of 13.7% in March, 1 percentage point more than in...

Banking

Corporate tax below EU average in Hungary

Corporate tax rates across Europe are being driven steadily down by a combination of competition amongst EU member states for...

Banking

Apeh discovers Ft 152 bln in unpaid taxes in audits in 2005

The National Tax Office (Apeh) discovered unpaid taxes of Ft 152 billion (€578 million) in audits carried out in 2005,...

MNB

Hungary reports to Brussels 6.1% budget deficit for 2005

Hungary will submit to Brussels on Friday a report on its economy in 2005, Finance Minister János Veres announced....

MNB

MKB to lend Ft 90 bln for Hungary’s roads

A group of banks led by MKB Bank Rt won a bid to lend the Hungarian state Ft 90 billion...

Debt

Yields sharply up at 6-month discount T-bill auction

Yields rose sharply at an auction of 6-month discount T-bills on Wednesday where the Government Debt Management Agency (ÁKK) sold...

Ratings

Hungary to price ₤500 mln bond issue 65-70bp over gilts

Hungary has set guidance for its forthcoming ₤500 million 10-year bond at 65 to 70 basis points over gilts, one...

MNB

Mol sells treasury stocks to Magnolia

In line with earlier announcements, Hungarian oil and gas company Mol Rt sold 6.7 million treasury stocks to Channel Islands-based...

Debt

OJB to offer mortgage bonds to retail investors

OTP Bank Rt's mortgage bank OTP Jelzálogbank Rt (OJB) will offer a one-year mortgage backed bond and a ten-year mortgage...

Banking

Tax on interest earnings enjoys little support

Plans to introduce a tax on interest earnings from 2007 could be scrapped as a result of campaign promises in...