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• Finance

  MNB FX swap stock to edge up after tender

  

  The stock of fine-tuning FX swaps of the National Bank of Hungary (MNB) will rise to around HUF 1,586 billion after a tender on Monday, show data released by the central bank and cited by state news wire MTI.   

   Mon, Apr. 23, 2018, 16:00

  • mnb
  • fx. swap
  • tender
  • central bank
• Real Estate

  Skanska’s office development proceeds apace

  

  Skanska’s commercial development unit in Central and Eastern Europe has summarized its 2017 performance in Poland, Romania, Hungary and the Czech Republic. This shows that the company sold seven buildings for over EUR 360 million and leased 180,000 square meters in ten CEE markets, a 10% increase year-on-year.

   Mon, Apr. 23, 2018, 15:09

  • skanska
  • office
  • development
  • property
  • mill park
• Finance

  Eurostat has reservation over MNB foundationsʼ classification

  

  In a note to a statistical release on deficit and debt data for 2017, the EUʼs statistics office Eurostat expressed its reservation Monday over the way Hungary classifies the foundations of the National Bank of Hungary (MNB) in its national accounts statistics, arguing that they should be included in the general government sector.

   Mon, Apr. 23, 2018, 14:53

  • eurostat
  • eximbank
  • mnb
  • central bank
  • foundation
• Economy

  FT: Focus on EU values may see Hungary lose cohesion funds

  

  The European Commissionʼs draft 2021-2027 EU budget, which will be released in May, plans to shift EU cohesion funding away from Central and Eastern Europe to countries hit harder by the financial crisis, the Financial Times reported Monday. The EC wants to shift the criteria away from GDP per capita towards core EU values.

   Mon, Apr. 23, 2018, 13:27

  • eu
  • cohesion
  • funding
  • criteria
  • values
  • european commission
• Finance

  Deficit over 64% of full-year target at end of March

  

  Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 871.9 billion deficit at the end of March, the Ministry for National Economy confirmed in a second reading of data released Monday. The deficit thus reached 64.1% of the HUF 1,360.7 bln full-year target.

   Mon, Apr. 23, 2018, 12:10

  • deficit
  • budget
  • target
  • ministry
• News

  Startups invited to digital challenge competition

  

  Digital innovation and education company EIT Digital is inviting growth-stage startups with a deep tech focus to apply for the fifth annual EIT Digital Challenge. The best ten companies will receive prizes totaling EUR 750,000, including comprehensive international growth support. The application deadline is June 14.

   Mon, Apr. 23, 2018, 11:10

  • eit
  • startup
  • digital
  • accelerator
  • deep tech
  • innovation
• Real Estate

  Chinese buyers attracted to Hungarian real estate

  

  Demand for Hungarian real estate from buyers outside the EU, although still relatively low, has grown lately. The percentage of foreign buyers, including from the EU, was 6-7% last year, online business daily vg.hu reports. Some 2% were citizens of countries outside of the European Union and European Economic Area.

   Mon, Apr. 23, 2018, 10:13

  • chinese
  • russian
  • home
  • real estate
  • residential
• Analysis

  Consumers optimistic about their financial situation

  

  In April, research institute GKI’s Economic Sentiment Index remained slightly lower than its historic peak in February. According to the empirical survey conducted by GKI with the support of the EU, expectations deteriorated in the business sector within the statistical margin of error, whereas they continued to rise among consumers.

   Mon, Apr. 23, 2018, 09:00

  • gki
  • economic sentiment
  • consumer
  • business
  • confidence
• Whatson

  Italian chamber to host ‘Aperitime’ networking

  The second Italian Sunset "Aperitime" networking event of the year will be organized by the Italian Chamber of Commerce for Hungary (CCIU) on Wednesday, April 26.  

   Mon, Apr. 23, 2018, 08:57

  • aperitime
  • italian
  • chamber
  • cciu
• Special Report

  Building a ‘Feedback Culture’, Changing for a Digitalized Future

  

  There is little wonder that a business celebrating 25 years in Hungary should look back on its history, but Commerzbank Zrt. President-CEO Klaus Windheuser is just as keen to look to the future.

   Fri, Apr. 20, 2018, 18:30

  • Commerzbank
  • digitalization
  • corporate banking
  • Klaus Windheuser