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ANALYST VIEW – Jefferies sharply raises target price for Hungary's Richter

Rating upgraded to ‘Buy’ from ‘Underperform’ Powered by WPeMatico

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Richter announces approval in Japan of its licensed-out biosimilar teriparatide

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One million Hungarians have tried their luck abroad since 2004

Has net emigration stopped? Powered by WPeMatico

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Turkish President Erdogan to visit Budapest

On 7 November Powered by WPeMatico

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Hungary's Baromfi-Coop assigned good rating, door opens to large bond issuance

Here goes Scope Ratings again Powered by WPeMatico

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Hungary's Modern Cities Programme spending near HUF 1,500 bn

Szeged will receive the most funding Powered by WPeMatico

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Euler Hermes assigns Tigáz BB+ rating

Paving the way for corporate bond issue under central bank programme Powered by WPeMatico

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European Parliament boosts support for EU research, Erasmus

Youth and research are the EP’s top priorities. Powered by WPeMatico

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German multinational company builds plant in Debrecen

Creates 500 new jobs Powered by WPeMatico

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When it comes to car sales, Hungary excels

Sales up 20%, while car purchases in Europe drop sharply Powered by WPeMatico

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Budapest property prices near HUF 900,000 per sqm

District 5 remains the priciest Powered by WPeMatico

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BP creates 500 jobs in Szeged in two years

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Hungary's central bank brings fintech board to life

MNB fintech strategy in the making. Powered by WPeMatico

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E.ON to divest Hungarian retail business

EC approves Innogy merger Powered by WPeMatico

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Hungary's Mol included in Dow Jones Sustainability Index

2019 index review endorses Mol for sustainability Powered by WPeMatico

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EU financial regulators highlight risks of non-deal Brexit and search for yield

ESAs publish 2019 Autumn Report Powered by WPeMatico

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Hungary Mol opens first fuel depot in Serbia

For environmentally friendly storage and processing Powered by WPeMatico

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Hungary's 'superbond' sucks up HUF 250 bn from investment funds

In three summer months alone. Powered by WPeMatico

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Hungary's Ádám Farkas steps down as Executive Director of the European Banking Authority

As of 31 January 2020. Powered by WPeMatico

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Hungary cenbank chief writes about the eternity of low interest rates

Brief piece by Matolcsy could have knocked forint to new all-time low vs. EUR Powered by WPeMatico

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Wizz Air stockpiles fuel as oil prices soar

Hedge positions cover 77% of requirements until end of business year. Powered by WPeMatico

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Hungary to veto EU budget unless changes are made

Political aspects are unwelcome in the distribution of funds according to the government. Powered by WPeMatico

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340 or 350? Where could the forint's easing versus the euro end?

Or it already has? Powered by WPeMatico

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Budapest Bank profit drops 30% in the first half of 2019.

Chief says targets can be still be attained. Powered by WPeMatico

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Germany to limit EU spending to 1% of GNI

Hungary could lose even more in cohesion, agricultural funds. Powered by WPeMatico

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Digi to appeal 5G frequency decision

The telco finds the NMHH’s ruling “unfair and without legal grounds”. Powered by WPeMatico

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Central bank fireworks continue – Will the Fed join the club?

A relatively eventless week ahead. Powered by WPeMatico

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Hungary takes huge sanctions to keep EU funds flowing

Brussels suddenly transfers HUF 500 bn to Hungary. Powered by WPeMatico

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Digi to miss out on Hungary 5G tender

Magyar Telekom shares rise 3% on news Powered by WPeMatico

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Hungary central bank establishes Digitalization and Fintech Advisory Board

MNB to support digitalization of financial system. Powered by WPeMatico

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New foreign investments in Hungary create well-paid jobs

Average salary now more than HUF 500,000. Foreign Minister says. Powered by WPeMatico

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Már havi félmilliót fizetnek azok a cégek, amelyek Magyarországra jönnek

Egyre magasabb a hozzáadott érték Szijjártó szerint. Powered by WPeMatico

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Hungary PM has two more family action plans

It’s all in Orbán’s head. Powered by WPeMatico

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Hungary construction industry can't stop building

Output rose 10% from June. Powered by WPeMatico

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Hungary's 4iG doubles H1 revenue

IT group posts HUF 1 bn EBITDA, expects further growth. Powered by WPeMatico

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“It will be more than just a bump” says Commerzbank analyst

World economy is in for a bumpy ride. Powered by WPeMatico

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Hungarian Development Centre data not lost in hack after all

EU tender documents safe and sound. Powered by WPeMatico

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Small Hungarian firm earns surprisingly detailed analysis

Dream big, why not? Powered by WPeMatico

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Hungary 10-yr bond yields rebound from historic low

Yields rose 70bp to overtake Poland again. Powered by WPeMatico

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Hungary July industrial output not yet affected by European slump

KSH confirms 1.7% m/m, 8.7% y/y growth. Powered by WPeMatico

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Hungarians concerned about climate change, EU survey finds

96% support European action to tackle it. Powered by WPeMatico

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EU grants Hungary massive funding for M30 motorway expansion

Long-awaited road connection to be established. Powered by WPeMatico

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Hungarian government organisation hacked, data completely destroyed

Development Centre monitors EU tenders. Powered by WPeMatico

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Hungarian fund managers break profit record in 2018

Impact of MÁP+ will not be felt until next year. Powered by WPeMatico

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Trade with Asia key to Hungary's convergence

Hungary to outperform EU by 2pp, a state secretary said in Hong Kong. Powered by WPeMatico

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Deufol begins construction of Hungarian plant

The German company’s HUF 7 bn packaging plant will create 120 jobs. Powered by WPeMatico

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Tesco to exit Poland

Dealz could buy Polish operations. Powered by WPeMatico

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Hungary's László Trócsányi gets portfolio in new European Commission

Taking over from Austrian colleague. Powered by WPeMatico

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Mass layoff in Hungary – Government springs into action

Finance Ministry lists possible ways of assistance Powered by WPeMatico

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'Superbond' also changes the way Hungarians buy government securities

Hungarians stockpile HUF 362 bn of gov’t securities in July Powered by WPeMatico

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Orbán: Hungary is alrady a digital economy in the heart of Europe

Digital economy with 400,000 employees generates 25% of GDP Powered by WPeMatico

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Hungary August inflation lower than expected

While internal price pressure remains significant. Powered by WPeMatico

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Hungary FX swap tender leaves liquidity unchanged

Total stock of excess liquidity remains at HUF 2,025 bn. Powered by WPeMatico

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Hungarian fund managers like these stocks the most

Outlook on the Budapest Stock Exchange and new top picks. Powered by WPeMatico

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Metro sells three Cash & Carry stores in Hungary, another eight in CEE region

Metro signed a lease-back deal with France’s LFPI Group. Powered by WPeMatico

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Scope Ratings assigns BB- rating to three more Hungarian companies

Ratings pave the way for multibillion-forint bond issuance. Powered by WPeMatico

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Hungary posts sizeable budget deficit

But it’s no big deal in August. Powered by WPeMatico

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The golden age is over, Hungary FinMin says

Varga calls for predictable exchange rate. Powered by WPeMatico

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EU GDP stagnates, while Hungary's economy soars

Eurostat, the statistical office of the European Union, has released revised GDP data which show that Hungary remains on top, although Malta and Ireland are…

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These are Hungary’s largest road and railway constructions now

The EBI Construction Activity Report Q2 2019 has revealed that in recent quarters rather few road and railway projects entered construction phase in Hungary, but…

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Hungary's industry recovers in July

In July, the volume of industrial output was 1.7% higher than in June and grew by 12% year-on-year, the Central Statistical Office (KSH) said, although…

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All of Hungary's constructions on one chart

Even though the previous quarters saw a steady decline in the value of newly started construction works in Hungary, in the second quarter of 2019…

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Hungary needs a new stimulus package, central bank chief says

I should be painting a bright and optimistic future, but many things are changing in the world, György Matolcsy, head of the National Bank of…

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Hungary's 'miracle weapons' lead to real success story

According to a study published by the European Commission, the so-called ‘VAT Gap’ – or the overall difference between the expected VAT revenue and the…

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Even the community of a nation can disappear – Orbán

If there are no families and children, a national community can disappear, and if a nation disappears, “something unreplaceable will be gone from the world,”…

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Artificial intelligence to impact almost one million jobs in Hungary

A quarter of Hungarian jobs, 900,000 in total, will be affected by artificial intelligence by mid 2030s, PwC estimates in an analysis published on Thursday….

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Private equity investments total EUR 346 million in Hungary in 2018

Venture capital investments in Central and Eastern Europe totalled 1.8 billion euros in 2018, of which EUR 346 million were invested in Hungarian funds, up…

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Role of private health providers increasing in Hungary

As the public healthcare system is transforming, private health providers play an ever increasing role, Péter Pál Varga, director of the Buda Health Centre, said…

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Another Hungarian real estate company gets rating, bond issuance may ensue

The National Bank of Hungary (MNB) launched its corporate bond programme in July 2019, in scope of which it is buying bonds issued by Hungarian…

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Bank of China ups credit line to Hungary's MVM by EUR 100 mn

State-owned Hungarian Electricity Works (MVM) signed a contract on 4 September raising its credit line with the Bank of China from EUR 250 mn to…

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These were the largest transactions on the Budapest office market

Take-up on the Budapest office market was over 243,000 square metres in the first half of 2019, most of which were new leases and pre-leases….

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Hungary office market records largest share of total investment volume

The office market continues to dominate Hungary’s investment market, according to the latest report by CBRE. Total turnover in the second quarter of 2019 reached…

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Prenatal support impacts Hungarian housing loan market in July

Growth in housing loans came to a halt in Hungary and the volume of new contracts has shown a year-on-year decrease for the second month…

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Hungary retail trade continues to grow in July

Retail trade in Hungary continued to grow dynamically in July, following a slight hiccup in May and a recovery in June, according to data released…

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Hungary's 'superbond' subsriptions hit HUF 1.8 trillion mark

According to updated figures, Hungarians subscribed slightly less than 80 billion forints worth of the new retail government security MÁP+, which has taken the count…

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Hungarian electricity costs triple the German price

The price of Hungarian electricity in the power exchange rose markedly in recent days, with base-load supply reaching EUR 100 per megawatt-hour at times. Retail…

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Wood retains lead in ranking of Hungarian brokerages

Turnover rose by a double-digit figure year on year on the Budapest Stock Exchange (BSE) in August, with more than half of the combined turnover…

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Hungarian SMEs go crazy for central bank funding scheme

Nearly 100 billion forints have been extended to businesses by members of the Hungarian Leasing Association in scope of the central bank’s (MNB) Funding for…

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Hungarians piling up debt at a breakneck speed

The stock of corporate loans in Hungary grew by 16% and the stock of loans to small and medium-sized enterprises increased by 13% in the…

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Japan's Bridgestone completes EUR 28 mn upgrade at Hungarian plant

Japanese tyre manufacturer Bridgestone has created 100 new jobs at its Tatabánya-based plant in Hungary, as it has completed a 9.2 billion forint (EUR 27.8…

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Hungary's June external trade surplus revised down to EUR 488 mn

The surplus on external trade in goods was EUR 488 mn in June, revised from the EUR 556 mn forst estimate, the Central Statistical Office…

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Hungary Mol may face new rival on its home turf

The refining capacities of PKN Orlen are sufficiently large for the company to expand in Central and Eastern Europe not only in the wholesale but…

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Hungary August new car sales 21% higher than a year ago

A total of 15,618 new passenger cars were registered in Hungary in August, 21% more than a year earlier. In January-August, 105,451 new cars were…

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EU gives Hungary HUF 2 bn for school fruit and milk programme

Hungary will receive nearly HUF 2 bn for healthier good for children as the EU school fruit, vegetables and milk scheme will resume for 2019-2020…

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Number of residential property deals keeps on dropping in Hungary

There were 11,945 residential property deals made in Hungary in August, according to the latest monthly transaction estimate by real estate group Duna House. This…

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Hungary Mol plans squeeze-out at Slovakian subsidiary

Hungarian oil and gas group Mol is planning to squeeze out the small shareholders of Slovnaft, and become the sole owner of its Slovakian subsidiary….

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Hungary's 'miracle weapon' turns five

Mandating the use of online registers linked to the tax authority from 1 September 2014 was the first serious step in the fight against the…

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R&I upgrades Hungary to BBB+

Credit rating agency Rating and Investment (R&I) has upgraded Hungary’s issuer rating from BBB to BBB+, citing macroeconomic data. This is one category higher than…

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Hungary superbond nears HUF 1,800 bn stock

As of Friday, Hungarian households have subscribed HUF 1,795 bn worth of Hungarian Government Security Plus (MÁP+) instruments, colloquially known as superbonds, state secretary Gábor…

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Data this week are to spook or soothe us

A host of key releases are scheduled for this week that may give us a hint as to what we can expect in the third…

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Hungarian insurers excel, life segment not so much

Hungary’s insurance sector posted 275 billion forints worth of premium income in the second quarter of 2019, 9.6% more than in Q2 last year. The…

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Continental to expand Budapest plant substantially

The Budapest-based factory of automotive supplier Continental is to be expanded significantly, the company’s managing director announced at the plant’s 30-year anniversary celebration on… Powered…

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Largest Swiss supermarket chain implements Hungarian traceability system

Migros, Switzerland’s largest supermarket chain, has implemented TE-FOOD’s blockchain based traceability system for its fresh fruits & vegetables supply chains, the company announced on… Powered…

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Another merger takes place in Hungary's energy sector

State-owned MVM Zrt. has become the sole owner of Hungary’s national utility company NKM Nemzeti Közművek Zrt. As the only shareholder in MVM, the Hungarian…

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Here's why the Hungarian economy has been growing so dynamically

The Hungarian economy grew by 5.2% year on year in the second quarter of 2019, according to data adjusted seasonally and by working days, the…

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Hungary's Opus assigned great rating by Scope Ratings

The National Bank of Hungary (MNB) launched its corporate bond programme in July 2019, in scope of which it is buying bonds issued by Hungarian…

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Hungary forint hits all-time low against euro

Several waves of weakening this afternoon led to the Hungarian forint hitting a historic low at nearly 332 to the euro. Meanwhile, the forint also…

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Hungary debt manager scraps 5-yr bond sale due to low demand

The Government Debt Management Agency (ÁKK) sold a combined HUF 40 billion of bonds at auction on Thursday, cutting its original offer by HUF 15…

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Hungary MKB Bank's H1 profit drops 55%

The after-tax profit of MKB Bank dropped 55% year-on-year to HUF 8.2 billion in the first half, the bank’s first earnings report released early Thursday…

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Hungary Rába Q2 results below expectations

Vehicle manufacturer Rába has posted disappointing Q2 results as profit declined and was well below analysts’ expectations. Only revenue increased year on year. Disappointment but…

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Hungary investments soar in Q2

The volume of investments continued to increase in the second quarter and were 19% higher than a year earlier, the Central Statistical Office (KSH) said…

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Duna House Q2 EBIT up 32% y/y

Real estate group Duna House closed a strong second quarter as it managed to increase its franchise and financial intermediation revenues, the company said in…

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Hungary to buy U.S. missiles for HUF 148 bn

The U.S. State Department on Tuesday cleared over USD 4.2 billion in potential weapon sales for Japan, South Korea, Hungary, Lithuania and Denmark, Defense News…

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Hungary employment at all-time high

Between May and July 2019, 4,518,000 people were working in Hungary according to the Central Statistical Office (KSH), 34,000 more than in the same period…

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Waberer's extends cooperation with Audi in Győr logistics centre

Waberer’s Nyrt’s fully owned subsidiary, Waberer’s Szemerey Logisztika Kft. won a contract to provide a range of logistics services for Audi Hungária Zrt. in Győr,…

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Hungary fuel prices rise again

As of Wednesday, Hungarian oil and gas group Mol has raised the wholesale price of 95-octane petrol by HUF 3 per litre and that of…

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Two out of three Hungarian employers put workers at risk

The occupational safety directorate of the Finance Ministry fined 224 employers for a combined HUF 100.6 mn in the first half for safety violations. The…

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Decreasing inflationary pressure behind Hungary central bank rate decision

The Monetary Council of the National Bank of Hungary (MNB) highlighted decreasing inflationary pressure in its statement on Tuesday after it left interest rates unchanged…

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Hungary central bank leaves base rate unchanged

As expected, the Monetary Council of the National Bank of Hungary (MNB) left the base rate unchanged at 0.9% at its rate-setting session on Tuesday….

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Hungary's OTP Bank may exit Slovakia

OTP Bank has put up its Slovakian subsidiary for sale as it plans to exit the country, G7 reported citing Slovakian sources. According to Slovakian…

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Masterplast H1 profit up 21% y/y

First-half after-tax profit of building materials company Masterplast rose 21% year-on-year to EUR 2.061 mn as revenue climbed, the earnings report released early Tuesday to…

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Hungarian insurer replaces CEO

The employment of Zoltán Busa, as member of the Board of Directors and CEO of CIG Pannónia First Hungarian General Insurance Zrt., has been terminated…

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Hungary June demographic data confirms trends

The number of live childbirths was 6.3% lower in June than 12 month earlier, while he number of deaths rose 2.7%, the Central Statistical Office…

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Hungary MÁV to renovate railway stations on the busiest lines

Hungary’s state-owned railway company MÁV Zrt. is to renew 50 railway stations by 2023 from its own resources, spending four to five billion forints on…

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Short week leads to weaker 'superbond' subscriptions

The latest figures show that the three-day week starting on 21 August put a dent into the subscription of the Hungarian Government Security Plus (MÁP+)….

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Tightening in March long gone – Will MNB be psyched up amidst storm?

None of the analysts polled by Portfolio expect the National Bank of Hungary (MNB) to change its base rate further at least until the end…

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Hungary's Mol makes oil find in Pakistan

New oil and gas reserves have been discovered from the TAL block in Kohat, Pakistan, which will produce nearly 2,000 barrels of crude oil daily….

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Now we'll find out what drives Hungary's economy

This should be an interesting week as besides a series of important macroeconomic data, we also have the rate decision of the National Bank of…

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Hungary sentiment index rebounds in August

The GKI economic sentiment index rose in August from its two-year low in July as business expectations improved and consumer confidence rose to a one-year…

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Hungary retail gov't securities fly high at HUF 8,500 bn in July

The stock of forint-based retail government securities was nearly HUF 8.500 bn at the end of July, the Finance Ministry said. This represents a HUF…

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