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• Finance

  National Bank of Hungary policy makers keep base rate on hold

  

  The National Bank of Hungaryʼs Monetary Council decided to keep the central bankʼs key rate on hold at 0.9% at a monthly policy meeting today. The council also left the overnight central bank deposit rate at -0.15% and the O/N collateralized loan rate at 0.9%.

   Tue, Apr. 24, 2018, 16:26

  • mnb
  • rate
• Finance

  ÁKK sells HUF 70 bln of three-month bills, over plan

  

  The Government Debt Management Agency (ÁKK) sold HUF 70.0 billion of discount three-month T-bills at auction on Tuesday, raising its original offer by HUF 20.0 bln on strong demand from primary dealers.

   Tue, Apr. 24, 2018, 12:44

  • akk
  • t-bill
  • auction
  • yield
• Economy

  Black labor market keeps expanding

  

  Hungarian authorities imposed more than HUF 200 million in fines last year related to labor irregularities. Illegal hiring of workers grew by 5% between 2016 and 2017, business news portal vg.hu reports.

   Tue, Apr. 24, 2018, 12:22

  • black market
  • labor
  • illegal
• News

  Mészáros resigns as mayor to focus on business

  

  Investor Lőrinc Mészáros, the former pipe fitter who has risen to become one of Hungaryʼs richest men under the patronage of Prime Minister Viktor Orbán, his close ally and neighbor in the village of Felcsút of which he has been mayor since 2011, said on Monday he would resign as mayor to concentrate on his business holdings.   

   Tue, Apr. 24, 2018, 12:14

  • meszaros
  • felcsut
  • mayor
  • business
  • oligarch
  • media
  • orban
• Politics

  Balog to step down as Hungarian superministry head

  

  Zoltán Balog will leave his position as head of the Ministry of Human Capacities, the superministry that oversees the health and education portfolios, among others, to concentrate on chairing the Foundation for a Civic Hungary (PMA), the minister said in an interview with internet news portal origo.hu published late Monday.   

   Tue, Apr. 24, 2018, 11:50

  • balog
  • superministry
  • health
  • education
  • orban
• Analysis

  Majority of Hungarians see deepened social divisions

  

  Citizens in 27 countries in the world were surveyed to discover how divided societies have become in the 21st century. The survey, commissioned by the BBC and conducted by pollster Ipsos MORI, shows that Hungarians and South Koreans have the lowest tolerance for people with different backgrounds, cultures or points of view.

   Tue, Apr. 24, 2018, 10:22

  • bbc
  • ipsos mori
  • division
  • society
  • intolerance
• Economy

  March retail sales growth adjusted upward to 6.6%

  

  In February 2018, the volume of sales in retail shops, according to both raw and calendar-adjusted data, grew by 6.6% compared to the same month last year, a second estimate of February retail figures shows. The figure represents a slight rise of 0.1 of a percentage point on that published in the first estimate on April 5.

   Tue, Apr. 24, 2018, 10:16

  • retail
  • sales
  • growth
  • ksh
  • food
  • fuel
• Whatson

  BCCH looking to get in touch with its soul

  

  The British Chamber of Commerce in Hungary (BCCH) is presenting a “Soulful Enterprise Workshop” on Wednesday morning, May 16. Soulful Enterprise is billed as a fresh way of thinking about business with an expansive mindset that adds creativity, extends generosity, and connects humanity for the common good.

   Tue, Apr. 24, 2018, 09:36

  • bcch
  • chamber
  • soul
  • workshop
• Business

  Mattheisen departs Magyar Telekom after long spell at top

  

  Magyar Telekom today announced the resignation of its CEO Christopher Mattheisen. He will leave the company as of July 1, and will be replaced by Tibor Rékasi, chief commercial officer for residential services since January last year.

   Tue, Apr. 24, 2018, 09:04

  • mtel
  • magyar telekom
  • ceo
  • resignation
  • mattheisen
  • rekasi
• Whatson

  OTP sponsors top gastro event in May

  

  The OTP Bank Gourmet Festival, running this May 17-20, will feature the top restaurants, wineries and confectioneries, as well as a taste of international top gastronomy. This yearʼs themes are dumplings, caviar and champagne.

   Tue, Apr. 24, 2018, 09:00

  • gourmet festival
  • otp bank
  • gastronomy
  • food