Posted in PORTFOLIO.HU - Online Financial Journal

IIB has debut HUF bond issue, while it also stokes spy fears

Capitalising on the upcoming relocation of its headquarters to Budapest, the International Investment Bank (IIB) has issued a three-year forint bond on Monday. This is…

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Hungary Mol to raise price of petrol on Wednesday

Hungarian oil and gas group Mol is to raise the wholesale list price of 95-octane gasoline by HUF 5 per litre, while it is to…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungarian mineral water producer to expand capacity

Hungarian mineral water maker producer Phoenix-Drink Ltd. is expanding its capacity with two new halls and new, innovative tools in Soltvadkert from a nearly 400…

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Posted in PORTFOLIO.HU - Online Financial Journal

ANALYST VIEW – J.P. Morgan ups traget price for Hungary's OTP

J.P. Morgan has raised its target price for Hungary’s OTP Bank to HUF 15,500 from HUF 15,000 previously. The new TP is 20.5% higher than…

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Posted in PORTFOLIO.HU - Online Financial Journal

Economic sentiment steady in Hungary while Europe is spooked

Although the economic sentiment index of Hungarian think tank GKI was rising constantly in the last quarter of 2018, it declined slightly but steadily during…

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Posted in PORTFOLIO.HU - Online Financial Journal

Time to step off the beaten path – 'Team Matolcsy' cannot delay it any longer

The National Bank of Hungary (MNB) may announce its first tightening measure(s) since December 2011 at its upcoming policy meeting on 26 March. Most of…

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Raiffeisen's Hungarian operation ignites rockets

The Hungarian operation of Austria’s Raiffeisen Bank International (RBI) posted 23 billion forint (EUR 72.82 mn) profit in 2018, while increasing its total income by…

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Hungarian banks about to lose the goose that laid the golden eggs?

The stock of government securities held by Hungarian households decreased by over 200 billion forints in February, which is the largest decline for years, detailed…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary Richter to pay HUF 100 dividend per share

Gedeon Richter, Hungary’s leading pharmaceutical producer, is to hold its annual general meeting on 24 April 2019 (at 2 P.M.), according to the invitation to…

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Strike ends at Hungarian Hankook plant

Workers at the Hungarian operation of South Korean tyre maker Hankook have called off their strike on its tenth day late on Thursday, the Trade…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's 3rd largest investment project could be a gigantic property deal

Germany’s Fakt AG is to embark on a one billion euro investment project in western Hungary to create Europe’s most advanced horticultural production processing and…

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Posted in PORTFOLIO.HU - Online Financial Journal

Mol sets up first Ultra Charger in Hungary

Hungary’s Mol Group has installed an Ultra Charger at its Nagyszőlős street electric car charging station, and said the unique ultra-fast charging solution is to…

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Posted in PORTFOLIO.HU - Online Financial Journal

One of the largest investments in Hungarian history announced

Germany’s Fakt AG plans to invest one billion euros in Europe’s most advanced horticultural production processing and logistics centre in western Hungary, the country’s Ministry…

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Posted in PORTFOLIO.HU - Online Financial Journal

EPP suspends membership of Orbán's Fidesz party

Following a vote in the European People’s Party (EPP) Political Assembly, the membership of Hungarian party Fidesz has been suspended with immediate effect (190 in…

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Posted in PORTFOLIO.HU - Online Financial Journal

Orbán's Fidesz party will leave EPP at once if it is suspended

Hungary’s ruling Fidesz party will remain in the European People’s Party (EPP) only if the political assembly of the centre-right political group, the largest in…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungarians grow slightly happier

Finland has consolidated its hold on first place, ahead of an also-rising Denmark in second place, in the United Nations 7th World Happiness Report published…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungarians are slighly happier than last year

Finland has consolidated its hold on first place, ahead of an also-rising Denmark in second place, in the United Nations 7th World Happiness Report published…

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Posted in PORTFOLIO.HU - Online Financial Journal

Orbán makes CEU-related promise to ease tensions before EPP vote

A day before the European People’s Party’s (EPP) political meeting set to decide whether to keep tolerating Hungarian Prime Minister Viktor Orbán’s Fidesz party trampling…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's 2nd largest bank to be created if this merger is realised

In view of the remarks made by Takarékbank Chairman-CEO József Vida, it has become more likely that Takarék Group will also make a bid for…

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Strike at Hungarian Hankook plant continues

The management of the Hungarian Hankook operation would not negotiate with the Trade Union of Petrochemical Workers (VDSZ) about the employees’ wage demands. The trade…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungarian SMEs to receive 5 billion forints to create jobs

Hungary’s Finance Ministry is announcing a tender with a five billion forint budget to support the job-creating investments of micro, small and medium-sized companies, Finance…

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EU to co-finance joint defence projects worth EUR 500 million

The European Commission has on Tuesday adopted work programmes to co-finance joint defence industrial projects in 2019-2020 worth up to 500 million euros. A further…

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Hungary PM Orbán holds talks with U.S. legislators

Hungary’s Prime Minister Viktor Orbán has had talks with U.S. senators in Budapest on Tuesday about bilateral security policy and economic co-operation and the energy…

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Budapest Bank skyrockets, privatisation on track

Budapest Bank reported a decline in its annual profit in 2018 but that was expected, and its lending growth was over the Hungarian banking sector’s…

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Posted in PORTFOLIO.HU - Online Financial Journal

Billions of forints withdrawn from popular investment funds in Hungary

Further tens of billions of forints were withdrawn from Hungarian money market funds in February 2019 due to an EU rule tightening coming into effect…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's OTP addresses report on Slovenian bank acquisition

According to a Slovenian daily newspaper, Hungary’s largest bank by assets OTP has submitted the highest bid of EUR 300 million for the third-largest bank…

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ANALYST VIEW – Morgan Stanley sets target price for OTP to HUF 13,500

Morgan Stanley has raised its target price for Hungary’s OTP Bank. The new TP offers a 5% upside potential compared to OTP’s closing price on…

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Hungary Magyar Telekom to pay HUF 25 dividend per share

The Board of Directors of Magyar Telekom, Hungary’s leading telecommunications group, proposes a dividend distribution in total HUF 26.068 billion to be approved by the…

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German automotive firm ditches 2019 profit target, announces job cuts

German automotive cable and wiring system specialist Leoni has given up its 2019 profit target it issued a little more than a month ago, unveiled…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary Mol to lower price of diesel on Wednesday

Hungarian oil and gas group Mol is to lower the wholesale list price of diesel by HUF 3 per litre on Wednesday, while it will…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungarian retail chain could be paralysed soon

Unless the management of the retail chain Metro strikes a deal with the trade union on the demanded wage hike by 2 April, there will…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's OTP seen eyeing Slovenian bank(s)

Management of Hungary’s OTP Bank has been repeatedly speaking about their intention of expanding the group to Slovenia, and it seems Hungary’s largest lender could…

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Almost 180,000 children have Baby Bonds in Hungary

By the end of February, 178,000 children in Hungary had ‘baby bonds’, and the funds kept in this special government security has exceeded 60 billion…

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German group boosts Hungarian headcount by 30%

Germany’s industrial services specialist Leadec Group hired 150 people in its Győr-based (northwest Hungary) plant, boosting its headcount there by 30%, the company told state-owned…

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Posted in PORTFOLIO.HU - Online Financial Journal

Lazy week ahead in Hungary, with eyes on the Fed

No significant macroeconomic release is expected to be released in Hungary this week, while the Federal Reserve in the United States is set to hold…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's Orbán apologises for calling pro-expulsion parties “useful idiots”

Hungary’s Prime Minister Viktor Orbán has apologised for calling parties that requested the expulsion of his ruling Fidesz party from the European People’s Party (EPP)…

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Posted in PORTFOLIO.HU - Online Financial Journal

Massive shift of wealth is in progress globally

Within a decade, the Y and Z generations will have greater assets than all the other generations combined. And in the meantime, the older generations…

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Posted in PORTFOLIO.HU - Online Financial Journal

EPP's Weber says not all problems with Hungary's Orbán solved

Manfred Weber, the European People’s Party (EPP) candidate for European Commission President, said his meeting with Hungarian Prime Minster Viktor Orbán in Budapest on Tuesday…

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Putin to pay Budapest a visit

Russian President Vladimir Putin is going to visit Budapest sometime in the second half of 2019, Hungary’s Minister of Foreign Affairs and Trade told mfor.hu…

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Posted in PORTFOLIO.HU - Online Financial Journal

Non-performing loan ratio hits 10-year low in Hungary

The ratio of loans overdue by more than 90 days has dropped to 4.5% in the Hungarian banking sector by the end of 2018, which…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's construction sector starts 2019 in tiptop shape

Hungary’s construction output increased by 9.8% month on month in January 2019, according to data adjusted seasonally and for working days, the Central Statistical Office…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary vies for 18 large German investment projects – minister

Hungary is competing for 18 large potential investment projects by German companies operating mainly in the automotive and services centre sectors, said Minister of Foreign…

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Posted in PORTFOLIO.HU - Online Financial Journal

New Hungarian law would affect each bank account

Hungary’s Finance Ministry has submitted a bill to Parliament that would lower the financial transaction tax (FTT) and scrap the interest tax on retail government…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hankook Hungary talks about impact of ongoing strike

The Hungarian operation of premium tyre maker Hankook has been unaffected only moderately by the ongoing strike so far, the company said on Wednesday. More…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary new financial bill would leave HUF 27 bn at households

Hungary’s Finance Ministry has submitted a bill to Parliament that seeks to spur households to buy more government securities. The ministry estimates that the measures…

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Posted in PORTFOLIO.HU - Online Financial Journal

Raiffeisen will need to “re-evaluate Romania”, says RBI CEO

Due to a new “greed tax” Romania imposed on banks, Raiffeisen Bank International (RBI) will need to re-evaluate its presence in the country, Chief Executive…

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Posted in PORTFOLIO.HU - Online Financial Journal

Mihály Patai en route to become new Deputy Governor of the MNB

Hungary’s Prime Minister Viktor Orbán plans to recommend President János Áder to appoint Mihály Patai Deputy Governor of the National Bank of Hungary, announced Bertalan…

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Raiffeisen Hungary posts annual profit over HUF 20 billion

Raiffeisen Bank International (RBI) reported 1.27 billion euro after-tax profit for 2018 on Wednesday, in line with a preliminary report released on 6 February. The…

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Mihály Patai expected to be central bank Deputy Governor

Economist Mihály Patai, head of the Hungarian operation of UniCredit and the Hungarian Banking Association is expected to join the central bank (MNB) as Deputy…

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Europe does not feel like giving birth

A dwindling number of live births and waning willingness to have children characterises the whole of Europe, the latest data released by Eurostat, the statistical…

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Posted in PORTFOLIO.HU - Online Financial Journal

Slovakian company embarks on major solar plant project in Hungary

Greentechnic Hungary Ltd. has received an order by Slovakian solar panel manufacturer Radix Union S.r.o. to build 165 solar parks with 500-kilowatt capacity each in…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hankook workers go on strike at Hungarian plant

Following a two-hour warning strike staged last week, the workers at the Rácalmás-based plant, some 50 kilometres south of Budapest, of tire producer Hankook have…

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Posted in PORTFOLIO.HU - Online Financial Journal

Tesco to create 800 new jobs in Hungary

UK-based retail chain Tesco Group will be opening a new business and technological service centre in Hungary, creating 800 new jobs, Minister of Foreign Affairs…

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Posted in PORTFOLIO.HU - Online Financial Journal

ANALYST VIEW – Should we expect fakes and faints in next MNB bout?

Over the last few years, the National Bank of Hungary (MNB) has surprised investors several times by sticking to its loose monetary policy stance, and…

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Three-day strike starts at automotive company in Hungary

A three-day strike has started at the Oroszlány-based plant of Chinese-owned manifold maker Westcast Hungary Autóipari Zrt. at 8 A.M. on Tuesday. None of the…

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Posted in PORTFOLIO.HU - Online Financial Journal

Three-day strike starts at another automotive company in Hungary

A three-day strike has started at the Oroszlány-based plant of Chinese-owned manifold maker Westcast Hungary Autóipari Zrt. at 8 A.M. on Tuesday. None of the…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungarian banking sector posts HUF 648 billion profit in 2018

Hungary’s banking sector posted combined after-tax profit of HUF 648 billion in 2018, the National Bank of Hungary (MNB) reported on Tuesday. At the same…

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Aldi pays the most to store staff in Hungary – portal

Germany retail chain Aldi offers the highest salaries for store staff in Hungary, according to the latest data cited by blokkk.com on Tuesday. There is…

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OTP chief Sándor Csányi may receive partner on top of bank

OTP, Hungary’s largest bank by assets, is going to hold its annual general meeting on 12 April, its invitation for the AGM showed on Tuesday….

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Dutch solar power company connects new units to Hungarian grid

Global solar power solutions provider Photon Energy has announced that its Hungarian subsidiary has built and grid connected eight photovoltaic power plants with a combined…

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Posted in PORTFOLIO.HU - Online Financial Journal

Manfred Weber to meet Hungarian PM Orbán in Budapest

Hungary’s Prime Minister Viktor Orbán is receiving Manfred Weber, the European People’s Party (EPP) candidate for European Commission President, in Budapest on Tuesday, said Bertalan……

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Hungary's foreign trade surplus keeps on shrinking

Hungary posted 382 million euro foreign trade surplus in January, which is the lowest figure of the last six years, and it indicates that the…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's health care reform by Kásler scrubbed already – paper

Hungary’s Finance Ministry is of the view that the health care package tabled by Minister is Human Capacities Miklós Kásler should be retought, local daily…

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We'll find out this week how Hungarian banks fared last year

We are going to have a relatively calm week in terms of macroeconomic releases and events. The key central bank decisions are already behind us,…

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CEE faces major and increasing demographic pressures

It is nothing new that Central and Eastern Europe is struggling with an acute demographic problem: falling fertility rates, rising life expectancy, and outward migration…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's inflation breaks decade-long records, critical level reached

Hungary’s core inflation adjusted for the effects of indirect taxes, a key metric for the National Bank of Hungary (MNB) grew to a ten-year high…

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Hungarian budget revenues keep on coming in

Hungary’s general government sector recorded HUF 177 billion deficit in February, a modest shortfall compared to the previous February prints. The state’s revenues keep on…

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Erste Hungary grows wings, looks for acquisition targets

The Hungarian subsidiary of Austria’s Erste Bank posted 61 billion forint pre-tax profit in 2018, and its lending activity was much greater than the banking…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary February CPI surprises to the upside, cenbank needs to act

Consumer prices rose 3.1% year on year in February 2019, the Central Statistical Office (KSH) reported on Friday. Analysts polled by Portfolio projected a 2.9%…

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“Disintegration of the EU cannot be ruled out” – Orbán

The Hungarian people have long-standing traditions of resistance to “limited sovereignty”. It had survived in a boundless sea of Germans and Slavs, while the present…

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Hungary on the bottom of EU wind farms ranking

Wind power plays an ever greater role in Europe’s energy supply. In 2018, wind power accounted for 14% of the European Union’s total electricity demand….

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K&H Bank posts all-time high profit, awaits details on gov't scheme

K&H Bank, the Hungarian arm of Belgium’s KBC Group, posted a record profit of nearly 58 billion forints in 2018, which resulted in a 21%…

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French GMD to build EUR 46 million car parts plant in Hungary

France’s GMD Group is to set up a vehicle parts plant in Dorog, northern Hungary. The company is to spend 14.5 billion forints (EUR 45.99…

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Crucial data bound to trigger policy U-turn to be released in Hungary

Several analysts polled by Portfolio expect Hungary’s core inflation excluding indirect taxes, a key metric for the National Bank of Hungary (MNB) to show further…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's industry shows convincing year-start, no sign of Audi strike

Hungary’s industrial production grew by 0.6% month on month in January 2019, according to figures adjusted seasonally and for working days, the Central Statistical Office…

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Hungarian fund managers have new top picks

The last few weeks were quite busy on stock markets around the world. Investors maintained their focus on news about the USA-China trade conflict, but…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hankook Hungary announces unilateral wage hike, but no deal with union

Hankook Tire Hungary Ltd. is to raise wages by 13.6% on average, the company announced on Wednesday. The trade union is yet to nod on…

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From retirement bonds to home insurances – Will the Hungarian gov't upset the whole scene?

The new retirement bond envisaged by the Hungarian government is unlikely to seize an overly large chunk of the market from participants of the Hungarian…

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Weber sets three conditions for Orbán to keep Fidesz in EPP

The Hungarian government’s anti-Brussels campaign must be stopped immediately and for good, stated Manfred Weber, the European People’s Party (EPP) candidate for European Commission… Powered…

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There are too many banks in Hungary, says cenbank chief

For a successful convergence Hungary needs to maintain a growth advantage of at least two percentage points in the long term. This could be facilitated…

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Posted in PORTFOLIO.HU - Online Financial Journal

Orbán Fidesz party is facing expulsion from EPP family

Hungarian Prime Minister Viktor Orbán crossed a “red line” when his government targeted Jean-Claude Juncker, the president of the European People’s Party (EPP) said. Hungary’s…

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Evil Brussels funds Hungarian road construction project

The unscruplulous European Commission would not net Hungary build roads by itself, so it has decided to contribute a handsome funding for the construction of…

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Posted in PORTFOLIO.HU - Online Financial Journal

Austrian paper company to invest EUR 45 million in Hungary

Hamburger Hungária Ltd., one of the Hungarian subsidiaries of Austria’s Prinzhorn Group, a European market leader in the packaging, paper, and recycling industry, is to…

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MVM builds largest solar plant in Hungary near Paks nuclear power plant

the Hungarian Electricity Works (MVM) has delivered the country’s largest capacity solar plant, a few kilometres of the Paks nuclear power plant. It is located…

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Posted in PORTFOLIO.HU - Online Financial Journal

Fitch upgrades four Hungarian banks

Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of four Hungarian banks. Fitch Ratings has upgraded the l-t IDRs of Kereskedelmi es Hitelbank…

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Hungarian GDP data suggests Eurozone recession

OTP’s research centre has pointed out an interesting phenomenon regarding Hungary’s high GDP data published last week. One of the key drivers was significant inventory…

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A “minor” wage correction in Hungary's public sector

As a result of a law adopted at the end of 2018, salaries in the public sector are going to skyrocket as of March, tabloid…

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Homeopathy is ineffective, pharmacies need to inform buyers in Hungary

As of mid-March, Hungary is implementing changes to the purchase of homeopathic products, the President of the Hungarian Chamber of Pharmacists (MGYK) told business daily…

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Hungary cenbank is indeed facing a turnaround – rate-setter

The National Bank of Hungary (MNB) has no exchange rate target, said Gyula Pleschinger, member of the bank’s Monetary Council whose reappointment for another six-year…

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S&P upgrades Hungary's Eximbank

Standard & Poor’s has raised its foreign and local currency issuer credit ratings on Hungary’s Export-Import Bank (Eximbank) to ‘BBB/A-2’ from ‘BBB-/A-3’. The outlook is…

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Budapest Institute of Banking inks co-operation deal with London Stock Exchange Group Academy

The Budapest Institute of Banking (BIB) has signed a co-operation agreement in relation to education with the London Stock Exchange Group Academy (LSEG Academy), BIB…

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Gyula Pleschinger remains on Monetary Council

The Hungarian Parliament’s Economic Committee has supported the reappointment of Gyula Pleschinger as member of the central bank’s (MNB) Monetary Council for another six-year term…

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Cross-border payment to become cheaper in EU

The European Council has on Monday adopted a regulation on aligning the costs of cross-border payments in euros between euro and non-euro countries and increasing…

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Hungary foreign trade balance worsens greatly

Hungary posted a foreign trade surplus of 393 million euros in December 2018, which is the lowest print of the last four years. The annual…

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Posted in PORTFOLIO.HU - Online Financial Journal

Renewable energy – Where Hungary fares better than the EU average

Renewable energy accounted for 19.5 % of the total energy used for heating and cooling in the European Union (EU) in 2017, reported Eurostat, the…

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Wizz Air announces new routes

Hungary-based no-frills airline Wizz Air has announced its 2019 winter schedule. In the season starting on 27 October, Wizz Air is going to offer nearly…

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Inflation and forint in focus in Hungary this week

A relatively calm and eventless week is ahead of us. In Hungary, the key release will be that of the latest inflation data on Friday,…

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Here's the latest ranking of brokerages in Hungary

The Budapest Stock Exchange (BSE) was characterised by declining turnover and sideways-moving BUX index in February, the latest BSE statistics show. Among the blue chips,…

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BMW to bring new electric car to Hungary

Relying on its new models, BMW Hungary may reach an even bigger success in 2019 than it had in 2018 when it grew by 16%…

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Posted in PORTFOLIO.HU - Online Financial Journal

Yet another automotive industry firm invests in Hungary

Spain’s Grupo Segura is to embark on a 4.2 billion forint capacity and efficiency boosting project at its Szolnok-based plant in Hungary. The company, a…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungarian economy grows at breakneck speed

The Central Statistical Office (KSH) has revised Hungary’s Q4 2018 GDP growth upwardly, along with the growth figures of the preceding quarters on Friday. As…

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Csányi sets the goal and OTP delivers

Sándor Csányi, Chairman-CEO of OTP Bank, has set the goal of one billion euro annual profit last year. And Hungary’s largest lender delivered, even while…

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Commission disappointed with Hungarian reforms

Hungary needs to step up its efforts to boost its competitiveness and productivity because at a shrinking labour supply this is the only way it…

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Posted in PORTFOLIO.HU - Online Financial Journal

Commission disappointed over Hungarian reforms

Hungary needs to step up its efforts to boost its competitiveness and productivity because at a shrinking labour supply this is the only way it…

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Posted in PORTFOLIO.HU - Online Financial Journal

Spar Hungary rejects threat report, set to start legal action

Spar Hungary has “fully distanced” itself from a report by local daily newspaper Magyar Nemzet, claiming that the company threatened trade unions of exiting the…

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Hungary posts roaring investment figures

The dynamic expansion of investments in the Hungary economy, which started in early 2017 continued in the fourth quarter of 2018: the volume of developments…

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Bosch to start EUR 30 mn upgrade project in Hungary

Germany’s Bosch is to further develop its plant manufacturing electronic parts for the automotive sector in Hatvan, 60 kilometres east of Budapest. Robert Bosch Elektronika…

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Posted in PORTFOLIO.HU - Online Financial Journal

Has Hungary's OTP reached chief Csányi's “dream profit”?

In his opening address at the BSE50 conference, OTP Chairman-CEO Sándor Csányi said the annual profit of his bank could reach one billion euros in…

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Erste Bank posts never-before-seen profit

Erste Group made history, as it posted its highest annual profit of nearly 1.8 billion euros in 2018. The Austrian banking group published its key…

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Posted in PORTFOLIO.HU - Online Financial Journal

Never-before-seen profit at Erste Bank

Erste Group made history, as it posted its highest annual profit of nearly 1.8 billion euros in 2018. The Austrian banking group published its key…

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Posted in PORTFOLIO.HU - Online Financial Journal

Spar threatens to exit Hungary, trade union says

The management of Spar has threatened its employee that the retail chain will either exit Hungary or it will hire foreign workers, local daily newspaper…

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Hungary OTP buys yet another bank

Hungary’s OTP Bank just cannot stop buying the regional assets of Societe Generale. It has announced on Thursday that it has signed an acquisition agreement…

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Posted in PORTFOLIO.HU - Online Financial Journal

South Korean automotive company to set up 2nd plant in Hungary

South Korea’s SK Innovation, which owns the country’s top refiner SK Energy, said on Wednesday that it will invest a total of 945.2 billion won…

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Here's Orbán's big plan to help Hungary catch up with Austria

It does not happen very often that the Prime Minister, the central bank (MNB) Governor, and the Finance Minister give each other the floor at…

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Matolcsy: Hungary's entire debt needs to be held by residents

It does not happen very often that the Prime Minister, the central bank (MNB) Governor, and the Finance Minister give each other the floor at…

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Posted in PORTFOLIO.HU - Online Financial Journal

Matolcsy: Total Hungarian debt needs to be held by residents

It does not happen very often that the Prime Minister, the central bank (MNB) Governor, and the Finance Minister give each other the floor at…

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Posted in PORTFOLIO.HU - Online Financial Journal

Matolcsy: Hungary we'll be stuck if we don't act

It does not happen very often that the Prime Minister, the central bank (MNB) Governor, and the Finance Minister give each other the floor at…

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Posted in PORTFOLIO.HU - Online Financial Journal

Samsung revs up expansion of Hungarian battery plant

Samsung plans to spend 560 million South Korean won (cc. 140 billion forints) this year on the expansion of its battery manufacturing plant in Göd…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's Prime Minister and cenbank chief to talk soon

It does not happen very often that the Prime Minister, the central bank (MNB) Governor, and the Finance Minister give each other the floor at…

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Posted in PORTFOLIO.HU - Online Financial Journal

Hungary's Orbán to hold key address today

Following a years-long tradition, Hungary’s Prime Minister Viktor Orbán will address the annual opening ceremony of the Hungarian Chamber of Commerce and Industry (MKIK) on…

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