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On this page we provide you interesting articles from national / international sources. To read the full articles, please click on the teaser text. Sheltering from the cold at a central Budapest railway station, Mihaly Bayer, 76, a softly-spoken retired pipe fitter cannot begrudge the wait for his train. Like all Hungarian pensioners, he travels free on public transport, allowing him to take the 170km trip from his home town of Pécs to honour his father at a war memorial in the capital.
OTP, Hungary’s biggest commercial bank, on Tuesday said it was ready to pursue acquisitions in central and eastern Europe, in spite of increasing provisions to cover potential loan losses in the region.
by portfolio.hu Published: 26 February 2010.
The volume of investments in Hungary dipped by 11% in the fourth quarter of 2009 from Q3, the Central Statistics Office (KSH) has reported on Friday. This means the corporate sector’s very muted stock building activity continued to decrease. There was no bigger will even in the manufacturing sector to boost capacities, although they had at least export demand that could have pulled the segment up
By portfolio.hu Published: 22 February 2010. The National Bank of Hungary (NBH) has reduced its key policy rate by 25 basis points to 5.75% on Monday, as expected. This was the eighth rate setting meeting in a row since last July when the Monetary Council cut the base rate.
By portfolio.hu Published: 22 February 2010 The National Bank of Hungary (NBH) has reduced its key policy rate by 25 basis points to 5.75% on Monday, as expected. This was the eighth rate setting meeting in a row since last July when the Monetary Council cut the base rate. Today’s monetary easing was made possible by a favourable inflation outlook, while MPC members have probably taken a cautious stance due to more pronounced global uncertainties and the increase in Hungary’s risk premium.
By BNP Paribas Published: 19 February 2010. Hungary’s forint may strengthen against Poland’s zloty as rising inflation in Hungary damps expectations of interest rate cuts, BNP Paribas said on Friday.
By portfolio.hu Published: 15 February 2010.
"Hungary needs to have the same commitment to reducing its budget deficit as it had in 2009 to meet its target in 2010, but the "considerable budgetary risks" may also require a rebuilding of reserves if needed, the European Commission has said in a statement on Monday.
Hungary no longer needs the International Monetary Fund's financial support, and government efforts to rein in bloated public spending are on track, according to the country's finance minister.
Hungary’s central bank on Monday cut interest rates for the fifth consecutive month in an effort to spur a recovery from a deep recession.
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