Posted in PORTFOLIO.HU - Online Financial Journal

Wizz Air, Ryanair raise baggage fees on the low-low

Discount airlines Wizz Air and Ryanair have raised the fees on priority boarding and luggage. From now on demand will determine the price of baggage…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungarian Post set to raise prices

The Hungarian Postal Services (Magyar Posta) is streamlining its letter portfolio and raising prices as of 1 February. The move will mainly affect business customers,…

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Posted in PORTFOLIO.HU - Online Financial Journal

Mol voted most transparent firm on Budapest Stock Exchange

Stepping forward two places oil company Mol has become the most transparent Hungarian company listed on the Budapest Stock Exchange (BSE), taking over OTP and…

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Posted in PORTFOLIO.HU - Online Financial Journal

Russian President Putin to come to Hungary again this year

Russian President Vladimir Putin is going to pay a visit to Hungary also in 2019, local newspaper Népszava has learned from various independent sources on…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary Mol raises price of diesel again

Hungarian oil and gas group Mol has raised the wholesale list price of diesel by HUF 3 per litre on Friday, while the price of…

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Posted in PORTFOLIO.HU - Online Financial Journal

Audi workers hold two-hour warning strike in Hungary

The Audi Hungarian Independent Trade Union (AHFSZ) called a two-hour warning strike for Friday morning, after the strike committee unanimously rejected the wage increase offer…

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Member states jeopardising the rule of law will risk losing EU funds

Governments interfering with courts or failing to tackle fraud and corruption will risk suspension of EU funds, according to a draft law endorsed by MEPs…

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Posted in PORTFOLIO.HU - Online Financial Journal

FAG launches EUR 78 mn bearing plant in Hungary

FAG, part of Germany’s Schaeffler Group, a global automotive and industrial supplier, has set up a 25 billion forint (EUR 77.78 mn) bearing plant in…

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Posted in PORTFOLIO.HU - Online Financial Journal

German automotive group to expand Hungarian plant

Germany’s Eissmann, a leading automotive interior solutions supplier, has announced on Thursday the upcoming development of its Hungarian site. In the framework of the EUR…

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Public sector workers prepare national strike

Trade unions organising the strike stated that the ‘slave law’ is unacceptable, the 400-hour cap on annual overtime work and the 36-month reference period seriously…

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Posted in PORTFOLIO.HU - Online Financial Journal

State-owned company workers want bigger wage increase

Consultations started at public utility companies about wage convergence. Under a previously signed wage agreement, salaries would rise 5% at postal, railway, coach and water…

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Posted in PORTFOLIO.HU - Online Financial Journal

Audi Hungaria union turn down extremely generous wage hike offer

The Hungarian arm of German carmaker Audi would raise wages across the board by 20% over the next two years, announced the communications department of…

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Posted in PORTFOLIO.HU - Online Financial Journal

EU new passenger car registrations rise for 11th year in a row

Although the passenger car market of the European Union has been growing constantly for 11 years, the increase was hardly detectable in 2018. The positive…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's OTP Banks mulls entering Slovenia – Csányi

OTP has acquired the Bulgarian interest of Societe Generale at 1.0-1.5x book value. Rationalisation (i.e. the closure of branches) is about to begin there, with…

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Posted in PORTFOLIO.HU - Online Financial Journal

Monetary tightening could be around the corner in Hungary – c.banker

If Hungary’s core inflation reaches or exceeds 3.0%, the National Bank of Hungary (MNB) will have enough proof that monetary tightening needs to be started,…

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Tax for small taxpayers is increasingly popular in Hungary – FinMin

The tax for small taxpayers (kata) is becoming increasingly popular in Hungary, the Finance Minister told a press conference on Wednesday. More than 315,000 businesses…

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Hungary OTP closes Bulgarian acquisiton

Hungary’s OTP Bank has announced on Wednesday that the financial closure of its Bulgarian acquisition has been completed. As a result of that, OTP acquired…

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Posted in PORTFOLIO.HU - Online Financial Journal

Crazy numbers: IKEA reveals spending by Hungarians

The Hungarian subsidiary of Swedish furniture and home accessories company posted 75.5 billion net revenue in its financial year 2018, which marks a 23.3% year-on-year…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's 'chips tax' expected to generate HUF 57 bn this year

Hungary’s public health product tax, dubbed chips tax, will bring the health care sector 57 billion forints this year, health care economist Tamás Joó told…

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INSTANT VIEW – Hungary's inflation drops, but price pressure mounts

Hungary’s headline inflation decelerated to 2.7% in December 2018, in line with expectations, but core inflation picked up to 2.8% yr/yr from 2.6%. Here’s what…

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Audi workers may go on strike in days if no wage deal is reached

The Audi Hungarian Independent Trade Union (AHFSZ) turned down the company’s latest wage hike proposal in a unanimous vote on Monday and formed a strike…

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Posted in PORTFOLIO.HU - Online Financial Journal

Has price pressure really abated in Hungary?

Inflation in Hungary decelerated further in December 2018, at least according to the headline figure published by the Central Statistical Office (KSH) on Tuesday. Meanwhile,…

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Sberbank profit jumps in 2018

Sberbank, the largest bank of Russia, increased its after-tax profit by over 20% year on year in 2018. The bank reported on Tuesday that its…

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Hungary Mol G-CEO exercises call option

József Molnár, Group CEO of Hungarian energy company Mol, has announced he has exercised a cash-settled call option related to Mol ordinary shares under the…

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It's amazing what Hungary's construction sector does

The volume of Hungary’s construction sector output grew by 4.4% month on month in November 2018, the Central Statistical Office (KSH) reported on Tuesday. The…

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Hungary's inflation decelerates in December

Consumer prices in Hungary rose by 2.7% year on year in December 2018, the Central Statistical Office (KSH) reported on Tuesday. This marks a 0.4…

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Hungary starts sabre-rattling as EU condemns new Austrian law

After the European Commission made it clear last week that Austria’s new rules on child allowance may be in infringement of European Union regulations, the…

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Posted in PORTFOLIO.HU - Online Financial Journal

Euro in Hungary, Paks II called off – Portfolio's list of black swans

Numerous economists have published their estimates and projections for 2019 at the end of 2018 and early this year, and some of the prognoses were…

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Hungary Mol to raise motor fuel prices considerably

Hungarian oil and gas group Mol is to raise the wholesale list price of 95-octane gasoline by HUF 4 litre and that of diesel by…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary is drowning in cash – Stock swells to over HUF 6 trillion

For the first time in the history of Hungary, the stock of currency in circulation exceeded 6 trillion forints, rising to HUF 6,117 billion by…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary is drowning in cash – Stock beefs up to over HUF 6 trillion

For the first time in the history of Hungary, the stock of currency in circulation exceeded 6 trillion forints, rising to HUF 6,117 billion by…

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Posted in PORTFOLIO.HU - Online Financial Journal

Legendary Hungarian company on the brink of collapse

Hungary’s Szarvas Iron and Metal Works Zrt., which produces coffee makers and lamps also for Ikea, is in deep trouble. The company has laid off…

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Brexit vote to steal the show this week

There are a few macroeconomic releases in the pipeline this week, but the United Kingdom will definitely steal the show. British MPs will have their…

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Will Matolcsy remain Governor of Hungary's central bank?

“No surprise whatsoever should be expected,” replied Prime Minister Viktor Orbán to a question about the mandate of central bank (MNB) Governor György Matolcsy expiring…

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EUR 43 million investment announced in Hungary

Germany’s Bosch is to launch an investment project worth over 14 billion forints (EUR 43.56 million) at the Miskolc-based (northern Hungary) plant of Robert Bosch…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's Finance Minister unveils key economic figures

Hungary’s Finance Minister Mihály Varga and Péter Banai, state secretary in charge of public finances, have held a joint press conference about the country’s economic…

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Hungary posts breathtaking budget surplus

Hungary posted a budget surplus of nearly 400 billion forints in December 2018, Finance Ministry officials announced on Friday. This is the second-highest surplus for…

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Posted in PORTFOLIO.HU - Online Financial Journal

Budapest Airport embarks on major development project

The number of passengers handled by Budapest Airport grew by 13.5% year on year in 2018 after an increase of 14.5% in 2017. This translates…

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Posted in PORTFOLIO.HU - Online Financial Journal

Every sixth new car in Hungary gets resold elsewhere in the EU

Vehicle sales grew further in Hungary in 2018. A total of 159,000new passenger cars and small utility vehicles were registered, while 17% of them were…

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Spar Hungary raises wages, says no to 400 hours of overtime work

Spar Hungary has agreed with the Trade Union of Retail Employees (KASZ) on 2019 wages. Under the agreement, most of the company’s employees will have…

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Government shows no mercy for the Hungarian Academy of Sciences

The Hungarian Academy of Sciences (HAS, or MTA in Hungarian) asked the Minister of Innovation and Technology at the end of 2018 to ensure uninterrupted…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary not so keen on raising funds so early this year

Hungary’s Government Debt Management Agency (ÁKK) allotted HUF 40 billion worth of 12-month discount Treasury Bills at is biweekly auction on Thursday, while it sold…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungarian PM Orbán says 2018 growth reaches 4.6%, deficit cut to 2.0%

Hungary’s finances are in order and in good hands, Hungary’s Prime Minister Viktor Orbán told journalists on Thursday. Key figures of 2018 The cabinet has…

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Hungary energy import breaks record in 2018

Although the system load in nearly every period of 2018 – peak periods and periods with minimum power demand – exceeded the 2017 values, gross…

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Posted in PORTFOLIO.HU - Online Financial Journal

Another retail chain in Hungary that does not want more overtime work for staff

Spar Hungary is to follow Tesco’s footsteps and refrain from using its law-given right of passing out overtime work of up to 400 hours, pro-government…

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Posted in PORTFOLIO.HU - Online Financial Journal

Budapest shows sharpest residential real estate price growth in Europe

After China’s Xi’an and India’s Ahmedabad, residential real estate prices grew the most in Budapest in the year to September 2018, according to the global…

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Posted in PORTFOLIO.HU - Online Financial Journal

Workers might go on strike at Hungarian Audi

The wage negotiating delegation of the Audi Hungarian Independent Trade Union (AHFSZ) has initiated the setting up of a strike committee. The wage negotiating delegation…

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Posted in PORTFOLIO.HU - Online Financial Journal

Mol-INA case: Croatian move might signal a turnaround

The Croatian government is amending the privatisation law regarding INA and giving up its special rights in the oil company, local daily newspaper Jutarnji List…

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Hungary buys Golgotha for over 9 million euros

The Hungarian government has bought Golgotha (1886), a painting by Mihály Munkácsy, announced Lajos Kósa, member of the ruling Fidesz party, on Thursday, at a…

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Hungary foreign trade balance deteriorates further

Hungary posted nearly half a billion euros worth of foreign trade surplus in November 2018, according to preliminary data published by the Central Statistical Office…

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Posted in PORTFOLIO.HU - Online Financial Journal

Share of cars running on petrol in Hungary among the highest in EU

Hungary runs one of the highest ratios of cars running on petrol in the entire European Union, while the share of diesel-driven cars is among…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary Mol lowers diesel price again

Hungarian oil and gas group Mol has lowered the wholesale list price of diesel by 4 forints per litre on Wednesday, while the price of…

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Posted in PORTFOLIO.HU - Online Financial Journal

Tesco may pledge not to abide by Hungary's new 'slave law'

The Hungarian arm of UK retail chain Tesco could be the first multinational company in the country to pledge to its 16,000 employees that it…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's Orbán told hold press conference on Thursday

Hungary’s first so-called ‘Government Info’ session, where government officials inform journalists about the cabinet’s latest decisions, will be held in 2019 by Prime Minister… Powered…

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Hungary's 'wonder weapon' brings budget billions of forints

Hundreds of billions of forints a year. That is how much additional revenue the Hungarian government’s new weapon against the black economy, real-time online invoice…

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SEAT delivers most cars ever in 2018

Seat delivered 10.5% more vehicles in 2018 than in 2017, which is the largest sales volume in the company’s 68-year history and exceeds the record…

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Posted in PORTFOLIO.HU - Online Financial Journal

Average yield remains close to 0% at Hungary's short bill auction

Hungary’s Government Debt Management Agency (ÁKK) allotted 40 billion forints worth of 3-month discount Treasury Bills at its regular weekly auction on Tuesday, as planned….

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Posted in PORTFOLIO.HU - Online Financial Journal

Even German disruption cannot break back of Hungary's industry

Hungary’s industrial production decreased by 1.1% month on month in November, according to data adjusted seasonally and for working days, down from 2.0% in October,…

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Posted in PORTFOLIO.HU - Online Financial Journal

Number of green plates issued in Hungary more than doubles in 2018

Although the 10,000 ‘dream number’ has not been reached in Hungary in 2018, there was a major rise in the number of passenger cars registered…

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Hungary did receive gigantic “Christmas present” from EU in 2018

The European Commission transferred a total of 4.4 billion euros worth of development funds to Hungary in 2018, a government official announced on Monday. This…

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Hungary signs strategic partnership deal with Tungsram

The Hungarian Government and Tungsram have concluded a strategic partnership agreement on Monday. The agreement was signed by Minister of Foreign Affairs and Trade Péter…

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Number of minimum wage earners in Hungary revealed

We’re hereby ending the long-standing war of numbers and will show how many Hungarians officially work for minimum wage. A Finance Ministry obtained by Portfolio…

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Posted in PORTFOLIO.HU - Online Financial Journal

Price cuts continue: diesel to become cheaper again in Hungary

Hungarian oil and gas group Mol is to reduce the wholesale list price of diesel by 4 forints per litre on Wednesday, while the price…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary retail sales growth hits 15-month low

Retail sales grew by 5.2% year on year in Hungary in November 2018, according to preliminary data adjusted for calendar effects, the Central Statistical Office…

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Posted in PORTFOLIO.HU - Online Financial Journal

We'll learn this week how prodigal Hungary was at the end of 2018

We are going to learn this week about Hungary’s preliminary budget balance in December 2018 that will let us speculate about the full-year shortfall, as…

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Hungary's latest plan is to tap households' currency savings

Our goal is to double to stock of retail government securities over the next five years, stated Hungary’s Finance Minister Mihály Varga last Friday. This…

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Hungary 2019 pension hike: additional HUF 3,500 a month

Pensions will be raised by 2.7% in Hungary in 2019, and the higher sums will be transferred to bank accounts on 11 January and postmen…

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Hungary Mol cuts motor fuel prices

Hungarian oil and gas group Mol has lowered the wholesale list price of 95-octane gasoline and diesel by HUF 10 per litre on Friday. The…

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Posted in PORTFOLIO.HU - Online Financial Journal

Employees in Hungary start to freak out about wage hike deal

The Road Traffic Trade Union (KKSZ) representing the employees of coach company Volán find the 8% raise to the minimum wage unacceptable. It thinks that…

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Here are the favourite stocks of Hungarian fund managers

The last month of 2018 brought extraordinary days to capital markets. Markets overseas closed December considerably lower due to concerns about the prospects of economic…

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Vehicle imports seen soaring in Hungary this year

Hungarian vehicle importers expect an 18% market growth in 2019, projecting that nearly 205,000 new vehicles will be registered in the country this year, said…

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Posted in PORTFOLIO.HU - Online Financial Journal

Vehicle imports to soar in Hungary this year

Hungarian vehicle importers expect an 18% market growth in 2019, projecting that nearly 205,000 new vehicles will be registered in the country this year, said…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungarian bonds sell like hot cakes at first auction of 2019

Hungary’s Government Debt Management Agency (ÁKK) allotted 88.5 billion forints worth of government bonds at its biweekly auction on Thursday instead of the planned HUF…

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Posted in PORTFOLIO.HU - Online Financial Journal

What is happening to Hungary's budget is unbelievable

The deficit of Hungary’s general government sector in January-September 2018 was 110 billion forints, representing 0.4% of GDP, the Central Statistical Office (KSH) reported on…

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Posted in PORTFOLIO.HU - Online Financial Journal

136,000 new passenger cars registered in Hungary in 2018

A total of 136,601 new passenger cars were registered in Hungary in 2018, 17.5% more than in 2017, Carinfo.hu reported to newswire MTI on the…

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Hungary's top brokerages: Concorde reclaims throne

In line with the seasonal trends, turnover on the Budapest Stock Exchange (BSE) decreased in December 2018 compared to November, but the change was not…

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Minimum wage hike in Hungary will be painful for some

The smaller the store the greater the pain it had to endure by the dynamic wage increase in Hungary over the last two years. And…

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Posted in PORTFOLIO.HU - Online Financial Journal

We're about to find out how strongly the world economy starts the new year

We have a number of important international economic indicators in the pipeline this short week that will show us what shape the world economy started…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's first auction 2019 brings mixed results

Hungary’s Government Debt Management Agency (ÁKK) allotted 40 billion forints worth of 3-month discount Treasury Bills instead of the planned HUF 50 bn at its…

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Hungary's manufacturing sector remains strong

The outlook of Hungary’s manufacturing sector has improved in the last month of 2018. Hungary’s manufacturing purchasing manager index (PMI) rose to 54.2 points in…

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More Hungarians leave country for work again

Employment in Hungary has turned down in September-November from its 4.5 million all-time high, but this is no surprise considering seasonal factors. In the meantime,…

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Wage boom may continue in Hungary, but our glee will fade

The wage boom in Hungary is unlikely to end in 2019, either, since an 8% hike to both the minimum wage and the wage minimum…

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Hungary 2019 minimum wage still undecided

Employers and employees have three more days to come to an agreement, and the government would like the parties to make use of this time,…

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Mészáros overtakes Csányi as richest Hungarian – Forbes

Lőrinc Mészáros, the emerging business tycoon with close ties to Prime Minister Viktor Orbán, has replaced OTP Bank president Sándor Csányi at the top of…

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Hungary to issue no FX bonds in 2019

No international foreign bond issues are expected for 2019, the Finance Ministry and the Government Debt Management Agency (ÁKK) said at a joint press conference…

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Posted in PORTFOLIO.HU - Online Financial Journal

Lending in Hungary healthier than before crisis, central bank says

The level of cyclical systemic risks is low, therefore increasing the countercyclical capital buffer is still not justified, the National Bank of Hungary (MNB) said…

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Posted in PORTFOLIO.HU - Online Financial Journal

Retail sales grow 6% in Hungary, trade association estimates

Household consumption in Hungary remains high after Christmas, driven by end-of-year sales and preparations for New Year’s Eve, Magyar Idők reported. Calculations show that Hungarian…

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Hungary Q3 debt drops to 72.4% of GDP

The National Bank of Hungary (MNB) has amended the general government’s Maastricht debt at the end of the third quarter of 2018 to 72.4% of…

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Hungary ups tax relief for families with two children

The family tax relief for families with two children will increase to HUF 40,000 a month from January, Katalin Novák, state secretary for family and…

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Top Stories of 2018: Hungary to introduce new scheme to replace closed-down home savings funds

Regular savings with a fixed interest rate that could exceed 10%, and deposit insurance to boot? Sounds like a dream, right? Well, until October 2018,…

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Hungary debt manager sells HUF 72 bn in T-bills

The Government Debt Management Agency (ÁKK) sold HUF 37 billion worth of three-month treasury bills on Thursday as opposed to the originally planned HUF 50…

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Graphisoft founder transfers shares

Péter Hornung, founder and board member of publicly traded property developer Graphisoft Park SE, transferred all of his 414,000 shares to trustee HFT Holding Zrt….

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Hungary could afford huge tax cuts in coming years

Hungary could have serious leeway in the budget in 2020 or 2021, according to the government’s own forecast. The question is, will this be used…

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Top Stories of 2018: Hungary to enter Paradise by 2030

One of the most important economic events of 2018 in Hungary was the government announcing its plans after it had won the elections. The vision…

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Posted in PORTFOLIO.HU - Online Financial Journal

Top Stories of 2018: Will emigration continue in 2019?

According to Portfolio’s estimates, more than 610,000 Hungarians were living abroad at the end of 2017. This means that net emigration continued, and as it…

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Posted in PORTFOLIO.HU - Online Financial Journal

Samsung, Raiffeisen sign EUR 200 mn loan deal in Hungary

Samsung SDI Hungary took out an EUR 200 million (nearly HUF 65 billion) loan from the local operation of Raiffeisen Bank for investments at its…

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Hungary expects higher growth, lower deficit this year

The government’s latest calculations indicate GDP growth could be 4.6% this year, exceeding expectations, the Finance Ministry said in a statement on Friday. The budget…

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Hungary gets extra HUF 90 bn Christmas package from Brussels

The European Commission has transferred a further HUF 91 billion to Hungary over the past two days, according to Portfolio’s calculations, on top of the…

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Mol cuts price of diesel

Hungarian oil company Mol lowered the gross price of diesel fuel by HUF 3 on Friday, while leaving the price of 95-octane gasoline unchanged. Diesel…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary braces for strikes, blockades on overtime law

The Hungarian Trade Union Confederation (MASZSZ) will organise a nationwide strike along with blockades, vice president Tamás Székely told InfoRádió after President János Áder signed…

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Hungary president signs 'slavery bill' into law

President of the Republic János Áder on Thursday signed the recently passed, controversial amendment to the Labour Code into law, despite several calls to reject…

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Hungary buys Airbus missile defence system

Airbus Defence and Space will install a Surface-to-Air Missile Operations Center (SAMOC) for the Hungarian Airforce, which will allow real-time coordination of Ground Based Air…

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Hungary daily power consumption breaks new record

Daily power usage figure keep breaking records in December due to the cold weather, the Hungarian Independent Transmission Operator (Mavir) said on Thursday. Electricity consumption…

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Posted in PORTFOLIO.HU - Online Financial Journal

Budapest Stock Exchange to delist KEG shares

The National Bank of Hungary (MNB) has ordered the shares of Central European Gas Terminal (KEG) Nyrt., a company currently under liquidation, to be delisted…

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Hungary faces sizeable credit challenges – Moody's

Italy, Portugal and Hungary share sizeable credit challenges, Moody’s warned in a report published on Thursday. Hungary’s economic policy measures will likely be tested as…

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Hungary's OTP buys Serbian bank

OTP Bank has acquired a 100% stake in Societe Generale Banka Srbija and its affiliates, OTP announced on Thursday. SGS is the fourth largest bank…

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Hungary wage explosion keeps up amidst painful inflation

Salaries in the private sector grew more than 11% year-on-year in October, with wage growth in the entire economy not far behind, but the growth…

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Mol to lower fuel prices

Hungarian oil company Mol will lower the gross price of diesel fuel by HUF 3 as of Friday, while leaving the price of 95-octane gasoline…

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Hungary central bank announces fintech sandbox

The National Bank of Hungary (MNB) will launch an Innovation Financial Regulatory Sandbox in order to promote the expansion of fintech innovations in the finance…

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Aldi, E.ON to install 360 charging points for e-cars in Hungary

Discount retailer Aldi and utility E.ON, both German-owned, signed a deal to install charging stations for electric cars in the parking lots of 123 Aldi…

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Hungary to buy German tanks

The Hungarian Defense Ministry on Wednesday signed a deal for new tanks and self-propelled howitzers with Germany’s Krauss-Maffei Wegmann. Hungary will buy 44 tanks suited…

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OTT-One to set up HUF 1.1 bn server center

Publicly traded IT company OTT-One will create a protected, qualified server center, the company announced. The project, which is expected to be completed by Q2…

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Hungary business sentiment index improves in December

The economic sentiment index of Hungarian think tank GKI rose in December for the third month running after brief late summer lapse. According to the…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary central bank expects faster growth in 2018, lower inflation in 2019

GDP growth in 2018 could reach 4.7%, the National Bank of Hungary (MNB) said in a statement on Tuesday. The figure had been adjusted from…

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Hungary central bank explains rate decision – coming months key

Core inflation is likely to continue to rise in the coming quarters, which the Council will assess in terms of the sustainable achievement of the…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary central bank keeps base rate at 0.9%

As anticipated, the Monetary Council of the National Bank of Hungary (MNB) kept the benchmark interest rate at 0.9% at its rate-setting session on Tuesday….

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary central bank keep base rate at 0.9%

As anticipated, the Monetary Council of the National Bank of Hungary (MNB) kept the benchmark interest rate at 0.9% at its rate-setting session on Tuesday….

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary debt manager sells T-bills below demand

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 32 billion worth of three-month treasury bills on Tuesday as opposed to the originally planned HUF 50…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungarian car AI gets EUR 20 mln EIB loan

The European Investment Bank (EIB) will provide a EUR 20 million venture debt loan to Hungarian tech company AImotive for research and development of its…

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Posted in PORTFOLIO.HU - Online Financial Journal

Nissan to expand Budapest financial services center

Japanese car maker Nissan will expand its only European business and financial services center in Budapest, Hungarian Foreign Minister Péter Szijjártó announced in Budapest on…

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