Posted in PORTFOLIO.HU - Online Financial Journal

New family allowances attract 12,000 families in first three weeks in Hungary

Since 1 July, more than 12,000 families have applied for newly introduced family allowances including prenatal baby support, the family car purchase assistance scheme or…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

New EC president appeases Hungary, Poland

Countries who rejected non-European migrants or raised concern on rule of law, such as Poland, could expect more sympathy from the European Commission, its new…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary superbond props up Q2 gov't security volumes

The new Hungarian Government Security Plus (MÁP+) drew investments of more than HUF 880 in June, a record for a new security in its first…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

OECD report calls for pension reform in Hungary

Hungary needs to decrease administrative burdens on businesses and reduce the tax wedge on low salaries, the OECD’s Going for Growth report found. A serious…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary healthcare fighting up to 15% labour shortage

The number of healthcare personnel missing from the Hungarian health system is more than 5% of the total, the daily Világgazdaság reported on Friday citing…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's mobile network among fastest globally

The average download speed of Hungarian mobile networks is nearly twice the global average, allowing Hungary to take sixth in Europe and 11th globally in…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Vodafone, UPC Hungary merger to go ahead

Liberty Global, owner of UPC Hungary, announced last May that it is selling its German, Hungarian, Romanian and Czech operations to Vodafone. The European Commission…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

U.S. troops officially allowed free movement in Hungary

The Hungarian government has officially granted the armed forces of the United States of America free access to Hungary, according to the latest official gazette….

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Audi Hungaria to appoint new managing director

As of this autumn, Alfons Dintner will be managing director of Audi Hungaria, the company announced on Thursday. The current director, Achim Heinfling, will return…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungarians prefer paying online orders in cash

Online shopping is increasingly popular in Hungary, with 9 out of 10 people ordering goods from the internet, but Hungarians are unique even in this…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Moody's upgrades Hungary's OTP Bank

Moody’s Investors Service upgraded OTP Bank’s long-term local currency deposit ratings to Baa1 from Baa2 and changed the outlook to stable from rating under review,…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Electronic bill payments up 24% in Hungary in H1

Customer paid utility bills worth 24% more electronically through payment platform Díjnet in the first half than a year earlier, Díjnet Zrt. told state newswire…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Budapest ticket inspectors now accept card payments

Fines levied by BKK’s ticket inspectors on public transportation can now be paid immediately by card, the Centre for Budapest Transport (BKK) said on Wednesday….

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary fuel prices set to rise further from Friday

Hungarian oil and gas group Mol is increasing the wholesale price of gasoline by HUF 2 per litre as of Friday, while leaving the price…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Number and use of electric chargers rise steeply in Hungary

The number of charging stations for electric cars continues to increase in Hungary, with the number of permits issued by the Hungarian Energy and Public…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

EBRD buys EUR 60 mn of OTP bonds

The EBRD is supporting the successful return of Hungary’s OTP Bank to the international capital markets with a EUR 60 million investment in a EUR…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary could introduce single-digit PIT

A single-digit personal income tax rate would reinforce the sustainability of Hungary’s economic growth, László Parragh, President of the Hungarian Chamber of Commerce and Industry…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary superbond attracts HUF 1,200 bn investment as demand falls

Demand for the new Hungarian Government Security Plus (MÁP+) retail bond decreased slightly last week, when the HUF 100 billion lot offered by the Government…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

State-owned Hungarian companies have 2,500 unfilled jobs

Distance coach company Volán, state railways MÁV, postal service Magyar Posta and Budapest public transport company BKV are looking for some 2,500 employees combined, Népszava…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

5,000 more Hungarians move to Germany

The number of immigrants to Germany last year was 400,000 higher than the number of those leaving the country, the German statistical office Destatis said…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary 4iG wins HUF 1.9 bn gov't contract

Exchange-listed IT group 4iG has won a public procurement contract for “Procurement of Distance Education Licenses” issued by the National Office of Vocational Education and…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary fuel prices set to rise steeply on Wednesday

Hungarian oil and gas group Mol is to raise the wholesale list price of 95-octane gasoline by HUF 7 per litre and the price of…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Investors withdraw from Hungarian funds in June

Money has begun flowing out of Hungarian investment funds in June at an astounding rate, with HUF 179 billion leaving the sector, even though fund…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

BMW Group Hungary appoints new CEO

As of 1 August, Maciej Galant will be appointed CEO of BMW Group Hungary, the company announced on Tuesday. Maciej Galant has been CEO of…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Payment deadlines getting shorter in Hungary

Hungarian companies set extremely tight payment deadlines, which is why many customers are forced to apply for extensions, international collection agency Intrum said in its…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary to buy stake in mobile provider

The Hungarian government could acquire a25% stake in mobile phone provider Telenor Hungary before the end of the year, the daily Népszava reported citing several…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary May construction output up 26.3% y/y

The volume of construction output was 26.3% higher in May 2019 than a year earlier but 0.6% lower than in April, the Central Statistical Office…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Visitors leave HUF 100 mn on festival cards

Festival organiser Sziget Zrt. had more than HUF 104 million revenue last year from money left on the FestiPay cards used exclusively to pay at…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary to lower taxes by HUF 80 billion in 2020

Hungarians will have to pay 80 billion forints less in taxes next year, a Finance Ministry official told daily Magyar Nemzet on Saturday, after lawmakers…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary key indicator rises to all-time high

The flood of EU funds and the reform of the institutional system in 2014 has resulted in a jump in Hungary’s Research & Development spending…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary FinMin Varga reaffirms bold objective set by PM Orbán

Hungary’s Finance Minister Mihály Varga has addressed and evaluated the 2020 budget several times after lawmakers passed the budget bill. In an interview with public…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary passes HUF 6,000 bn mark in disbursing EU funds

The amount of European Union funds from the EU’s 2014-2020 development budget allocated by Hungarian authorities has passed the HUF 6,000 billion mark by early…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Number of temp workers in Hungary hits 270,000 in June

The number of registered temporary workers in Hungary was 269,000 in June, compared to just 166,000 five years ago, the daily Világgazdaság reported on Monday….

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary to offer unique tax exemption

The government has helped more than 250,000 grandmothers spend more time with their families, the Ministry for Human Capacities said in a press release on…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Chinese data to set the tone for this week

China has published its crucially important monthly data package early on Monday, and it was topped by the release of the second-quarter GDP growth statistics,…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Japan's Toray Industries to invest EUR 390 million in Hungary

Japan’s Toray Industries, a global supplier of battery separator film (BSF) for lithium-ion secondary batteries, is to build a manufacturing plant in Nyergesújfaul, Hungary with…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary may revisit plan of administrative courts – Kövér

Hungary has backed off from setting up new administrative courts, a move contested by the European Commission, only over concerns that new rule of law…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Citizens’ support for EU remains at its highest level since 1983

The first results of the Eurobarometer survey released by the European Parliament on Friday show that citizens’ support for the European Union remains at its…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungarian lawmakers adopt 2020 budget with bold deficit target

Hungarian MPs adopted the 2020 budget bill on Friday. It set the deficit target to 1.0% of GDP for next year, which would be the…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary President ratifies law stripping MTA of research network

Despite local and international outcry against the Hungarian government taking control of research institutes belonging to the Hungarian Academy of Sciences (MTA), President János Áder…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary cenbank chief Matolcsy: “We live in a new era.”

A friendship of several thousand years connect the Chinese and the Hungarian people; a 70-year-old diplomatic relationship connects the two countries, and we now live…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

AI projects fail 85% of the time

85% of all artificial intelligence projects are failures, owing to resistance from employees, lack of budget or mistakes in technical implementation. Using AI will be…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary to spend HUF 573 bn on German arms

Hungary has been the biggest buyer of German weapons systems in the first half of 2019 as the Ministry of Defence ordered new equipment worth…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary PM Orbán makes his most serious pledge to date

In his regular weekly interview with public radio MR1, Hungary’s Prime Minister Viktor Orbán has addressed the cabinet’s long-term budget plans in respect of the…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Lidl to install hundreds of charging points for e-cars in Hungary

Retail chain Lidl will build a network of nearly 400 charging points for electric cars near its Hungarian stores, the daily Világgazdaság reported. According to…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary gov't discusses Budapest Bank sell-off

The deadline Hungary’s Prime Minister Viktor Orbán has given to minister Andrea Bártfai-Mager to conduct negotiations on the privatisation of Budapest Bank has passed on…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Let's see the wood for the trees! EU automobile industry on a collision course

The European Automobile Manufacturers Association (ACEA) has published an exciting ‘Pocket Guide’ on the automobile industry, which reveals how many people worked in the sector,…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary could cut personal income tax

Given the current trends, a further cut to the personal income tax could become possible, which would help further whiten the economy, László Domokos, President…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Popularity of cash remains unfazed in Hungary despite 'superbond' frenzy

The average stock of currency in circulation continued to rise in Hungary in June despite the massive rush for the new retail government security, the…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Popularity of cash remains unfazed in Hungary despite MÁP+ frenzy

The average stock of currency in circulation continued to rise in Hungary in June despite the massive rush for the new retail government security, the…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

House prices rise most steeply in Hungary in entire EU

House prices rose by 4% in the EU in the first quarter of 2019 compared with the same quarter of the previous year, while Hungary…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

U.S. corporate coalition to help Hungary eliminate labour shortage

Four American financial institutions started cooperating under the umbrella of the United States Chamber of Commerce to cultivate Hungarian talent, support universities and attract Hungarians…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Bavaria to invest HUF 45 bn in Hungary in near future

Bavarian companies are preparing to invest HUF 45 billion in Hungary in the short term, Minister of Foreign Affairs and Trade Péter Szijjártó told state…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

European growth clouded by external factors

Economic growth in the European Union will not be overly robust either this year or in 2020, not to mention that downside risks have increased,…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

European Commission revises 2019 growth estimate upwardly for Hungary

The European Commission has raised its GDP estimate for Hungary for 2019, as the economy has been recently faring better than expected. Hungary’s economy grew…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary 4iG has regional plans following T-Systems acquisition

As reported yesterday , exchange-listed IT group 4iG is buying T-Systems Hungary, the IT unit of Magyar Telekom. We sent a number of questions to…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungarian households hot on shares, holdings reach new all-time high

The stock of shares held by Hungarian households reached a new record in May, and this time the change was not caused by rising share…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary OTP Bank raises capital of Montenegrin unit

The Montenegrin Court of Registration registered a capital increase at Crnogorska komercijalna banka, the Montenegrin subsidiary of OTP Bank, OTP announced on the Budapest Stock…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's private health industry continues to grow

Healthcare can be a good business in Hungary: according to our data, private health providers had a fine year in 2018 even though it fell…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

How will the sale of T-Systems change Hungary's Magyar Telekom?

In view of the how T-Systems fared over the last few years, the sale of its subsidiary to 4iG could reduce its sales revenue by…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

How large will Hungary's new IT giant be?

By taking over T-Systems, Hungary’s 4iG is becoming a big shot on the country’s IT market. Annual turnover of the new company is likely to…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary 4iG is buying T-Systems

Rumours proved to be truet, 4iG is buying one of the Hungarian IT market’s largest player, T-Systems that is a market leader in several segments….

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Inflationary pressure did abate slightly in Hungary

Hungary’s core inflation adjusted for the effects of indirect taxes, a key metric for the central bank (MNB), dropped to 3.5% in June from 3.7%…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary prepares to tackle healthcare regulations

The government is now beginning the work of regulating relations between public and private healthcare, Péter Pál Varga, head of the Buda Health Center, told…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Branches may be doomed as Hungarians visit banks less and less

As a result of digitalisaton, the number of both customer visits and daily transactions have decreased in Hungarian bank branches, although the increased value attributed…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Is this the first sign of Hungary's decelerating economic growth?

Hungary recorded a 678 million euro surplus on its external trade of goods in May 2019, which is a lot higher than the base period’s…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Consumer price increase moderates in Hungary in June

Consumer prices in Hungary rose by 3.4% year on year in June 2019, the Central Statistical Office (KSH) reported on Tuesday. Analysts polled by Portfolio…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary central bank tightens liquidity

The National Bank of Hungary (MNB) held FX swap tenders for one, three, six and 12 months maturities yesterday, allotting HUF 6.8 billion in each…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary Wizz Air announces new flight to Kazan, Russia

Hungary-based no-frills airline Wizz Air is going to offer a new service from Budapest to Kazan, Russia. The new route will have two flights a…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

What are Hungarian households doing? Calm before the storm at housing loans

The rate of growth at Hungary’s retail lending and personal loans has declined further. While the natural saturation of the lending market is slowly approaching,…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's budget has never been in a better shape

As usual for June, Hungary’s general government posted deficit this year, as well, but the shortfall was not as large by far as in the…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Budapest-Belgrade rail link under construction

Reconstruction of the Serbian section of the fast-track rail link between Budapest and Belgrade has begun, preparations for construction have started on the Hungarian section,…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Consumer price increase to slowly abate in Hungary

Hungary’s consumer price index is to decelerate to 3.5% year on year in June from 3.9% in May, analysts polled by Portfolio project. For the…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary gov't pledges family funding will never run dry

All elements of the government’s family protection action plan will receive as much funding as they require as the budget is “open from above”, state…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

OTP saves EUR 5 mn on Montenegrin bank

OTP announced back in February that it was buying Societe Generale’s unit in Montenegro. It now turns out that OTP can buy the bank for…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary to spend EUR 800 million on tourism development

The Hungarian government is to spend over 260 billion forints (EUR 803.44 million) in some 480 projects on the development of tourism in the 2014-2020…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Everything about consumer price increases this week

Consumer price indices are set to be published this week in Hungary, Germany, China and the United States. Inflation is a key metric for monetary…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

BMW Chairman-CEO Krüger is stepping down

The Chairman of the Board of Management of BMW AG, Harald Krüger, has given notice on Friday that he will not seek a second term…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

ANALYST VIEW – Hungarian economy on a roll, but for how long?

The Hungarian economy is in a most favourable position, the question is how long can this growth rate can be kept up, said Zoltán Török,…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary to ban alcohol sales after 10 p.m.

Tobacco stores open past 10 p.m. disturb the peace of many citizens as some customers drink the alcoholic beverages bought in these outlets in front…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungarian fund managers have new top pick

Leaving its all-time high behind, the general index of the Budapest Stock Exchange (BSE) dropped sharply in May. Although it made several attempts to make…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Former academy president to head MTA research network

There are several candidates, but neuroscientist, pharmacologist and former president of the Hungarian Academy of Sciences (MTA) Szilveszter E. Vizi is slated to become the…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Top pay makes Switzerland No. 1 for expats

Switzerland is now the world’s top-ranked destination for expatriates, Bloomberg reported citing a new HSBC study. The average Swiss salary of $111,587 is 47% higher…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's industry is in fact impervious to Europe's pain

The volume of Hungary’s industrial production rose 1.6% month on month in May, remaining on the ascending trend of the sector, the Central Statistical Office…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Deufol to build packaging plant in East Hungary

Germany’s Deufol will build a HUF 7 billion packaging and logistics plant in Debrecen with government support, which will also be its regional hub for…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

BlackRock voting right in Hungary's Richter under 5.0%

Gedeon Richter, Hungary’s leading drugs producer, has announced on Thursday that the voting rights of BlackRock relating to Richter shares dropped to under 5%. Richter…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungarian economy to grow by close to 5% this year?

Analysts at Takarékbank have raised their projection for Hungary’s GDP growth in 2019 to 4.7% from 4.4% previously, and upped their 2020 estimate to 3.7%…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

PM Orbán discusses future of Audi in Hungary

Hungary’s Prime Minister Viktor Orbán has on Thursday discussed the achievements and plans of Audi Hungaria with Bram Schot, the newly appointed Chairman of the…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Board of 4iG recommends rejecting takeover bid

The board of directors of publicly traded Hungarian IT group 4iG suggests that shareholders do not accept the HUF 675.78 per share offer for all…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Duna House signs EUR 7.4 million loan agreement with Raiffeisen

Duna House Holding Plc. has signed a nearly HUF 2.4 billion (EUR 7.43 mn) loan agreement with Raiffeisen Bank Zrt., which will be partly used…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Chamber of commerce, Exim sign agreement to support SMEs

The Hungarian Export-Import Bank (Exim) and the Hungarian Chamber of Industry and Commerce (MKIK) have signed a cooperation agreement to improve the competitiveness of small…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary has not been in this position for a decade

Hungary’s net lending of the rest of the world was 1.4% of GDP in the four quarters to the first quarter of 2019. The figure…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

New interactive infographic about tourism in Europe

Have you ever wondered who visits your country or where your fellow citizens prefer to go on holiday? This question was asked by Eurostat, the…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary 2020 deficit target 'very ambitious'

The latest budget data shows that meeting the 2019 deficit target should not be a problem, but the 1% of GDP deficit target set for…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary 2020 deficit target 'very ambitious', OTP analysts say

The latest budget data shows that meeting the 2019 deficit target should not be a problem, but the 1% of GDP deficit target set for…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

EBA warns of EUR 135 bn shortfall at largest European lenders

The largest banks in the European Union will have a total capital shortfall of 135.1 billion euros to comply with reforms to post-crisis rules, dubbed…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary construction sector growth seen unbeatable in 2019

Good years are predicted to continue in the construction markets of Eastern and Western Balkan countries of the Eastern European Construction Forecasting Association (EECFA). Altogether…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary to start repaying nuclear plant loan later

Building the Paks 2 nuclear power plant is necessary in order to guarantee the safety of Hungary’s power supply and to meet climate goals, so…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary passes bill that strips Academy of Sciences of its research network

Hungarian lawmakers passed a controversial legislation on Tuesday that is ‘sold’ as academic reform but is widely seen as the continuation of the cabinet’s efforts…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungarian think tank revises 2019 GDP estimate upwardly

Hungarian researcher Kopint-Tárki has raised its inflation and GDP growth estimates for Hungary compared to its March prognoses. GKI has raised its GDP growth forecast…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Read these interviews about Hungary's health care system and weep

1 July is an important day in Hungary’s health care, this is when we commemorate the birthday of Ignác Semmelweis in 1818. Health care officials…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Moody's lowers outlook on Hungarian banking system

Moody’s outlook on Hungary’s banking system has changed to stable from positive, as banks have largely completed de-risking and further loan quality improvements will be…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Moody's changes outlook on Hungarian banking system to stable from positive

Moody’s outlook on Hungary’s banking system has changed to stable from positive, as banks have largely completed de-risking and further loan quality improvements will be…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungarians go crazy for new superbond – will it have to be reined in?

The new so-called superbond, Hungarian Government Security Plus (MÁP+) has been an unequivocal success so far, with subscriptions over the first four weeks totalling more…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

We have not seen this in the Hungarian budget for two years

Hungary’s general government sector posted HUF 10 billion surplus in the first quarter of 2019, which corresponds to 0.1% of gross domestic product, preliminary data…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Updated rankings of Hungarian brokerages show change on top

Turnover declined by a double-digit figure month on month on the Budapest Stock Exchange (BSE) in June. More than half of the combined turnover was…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

4iG named in HUF 19 bn BKV IT contract

Publicly traded IT company 4iG has been named as a subcontractor in a public procurement contract awarded to Sys IT Services Kft. to operate the…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary to investigate WizzAir

A consumer protection procedure has been initiated against Hungary-based discount airline Wizz Air, state newswire MTI reported late on Monday. With the approval of Gergely…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

How the German economy is falling behind

By Michael Heise, Chief Economist, Allianz SE, Munich, Germany. With growth deteriorating, the day of reckoning for Germany’s economic policymakers is approaching fast, says Michael…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Free millions for family cars in Hungary – Here's the menu of 7-seaters

Five months after its announcement, the Hungarian government’s subsidy scheme for the purchase of seven-seater cars for large families (three children or more) has come…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary is really turning into a 'superpower' – New battery plant in sight

South Korea’s Inzi Controls is to build a battery manufacturing plant in Komárom, Hungary, with an investment of 14.8 billion forints, Hungary’s Minister of Foreign…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary to charge e-cars for charging

A trial run when 50 kW DC flash chargers and 43 kW AC chargers cost HUF 50 per minute to use has begun, the daily…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Flying remains safest mode of transportation

Many people get anxiety before a flight, or at least imagine what would happen if the aircraft crashed due to some kind of disaster. Of…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Bridgestone to invest EUR 36 mn in transforming European plants into smart factories

Bridgestone EMEA is injecting 36 million euros into its eight European plants, transforming them into smart factories, the EMEA business of the world’s largest tyre…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary new superbond attracts HUF 1,000 bn investment in first month

According to a video Hungarian Finance Minister Mihály Varga uploaded to Facebook, households subscribed more than HUF 1,000 billion worth of the new Hungarian Government…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's industry remains strong

Hungary’s manufacturing purchasing manager index (PMI) stood at 54.4 points in June 2019, the Hungarian Association of Logistics, Purchasing and Inventory Management (HALPIM) reported on…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

We'll learn this week if Europe's 'disease' spread to Hungary or not

Although central bank policy meetings are not on the menu this week, there will be a number of releases that investors should keep a close…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungarian car dealers expect to sell 5,000 SUVs to big families this year

There will be enough seven-seater cars available for big families, although maybe not right at the beginning of the 3.5-year programme, Gábor Gablini, President of…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

Hungary is booming while Germany is under pressure – Why?

One of the most exciting economic phenomena of the last few quarters was that while Germany’s growth momentum has been fading, the Hungarian economy has…

Continue Reading...
Posted in PORTFOLIO.HU - Online Financial Journal

This is how the number of tourists changed over the last 70 years

It’s no longer a daring feat to leave for another country for a week or two and immerse in its natural or architectural wonders. But…

Continue Reading...