Economy
Thursday 6:28, September 2nd, 2010
The recent strengthening of the Swiss franc entails a growth risk for Hungary, and the forint's weakening raises the country's inflation risk and contributes to a rise in the percentage of non-performing loans in bank portfolios, National Bank of Hungary Spokesman András Simon told MTI on Wednesday.
Economy
16:25, Sep 2 | Hungary's Government Debt Management Center (AKK) cut its offer at an auction of twelve-month T-bills on Thursday not because of demand, but because of scattered yields in bids, AKK deputy-director László András Borbély told Econews.
Finance
15:58, Sep 2 | Hungary's K&H Bank had consolidated after-tax profit of HUF 23 billion in the first half, up more than 164% from the same period a year earlier even as the proportion of non-performing loans in the portfolio grew, documents distributed at a press conference on Thursday show.
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Business
15:36, Sep 2 | The government has transferred HUF 5.7 billion to national carrier Malév to prevent the repossession of some of its aircraft by a US leasing company, business weekly Figyelő said in its fresh issue on Thursday.
Business
15:02, Sep 2 | The UK's JKX Oil and Gas has agreed to acquire minority stakes in a field in Hungary, the company said in an exploration update on Thursday.
Economy
14:39, Sep 2 | Hungary will have to convince the European Commission that an extension of the country's ban on purchases of farmland by foreigners is necessary to prevent serious disturbances in the agriculture sector, Commission spokesman Roger Waite told MTI in Brussels on Wednesday.
Business
13:54, Sep 2 | Pick Szeged has resumed production of Herz salami products six months after Hungary's competition office GVH approved Bonafarm Zrt's takeover of the Herz Salami Factory, Bonafarm told MTI.
Business
12:40, Sep 2 | Saigo Port Kft, a member of the Xanga Investment and Development Group (XID), has won a contract in an open tender to build a cargo and logistics base at the international airport of Debrecen (E Hungary), with phase one of the development expected to cost HUF 2.5 billion, the business daily Napi Gazdaság reported.
Business
11:58, Sep 2 | Hungary's National Inspectorate for Environment, Nature and Water has revoked an environmental permit that Holcim Hungaria Zrt, the Hungarian unit of Swiss cement company Holcim, obtained to conduct a 90-hectare expansion of the company's limestone quarry in northern Hungary, the civil environmental-organizations that appealed the decision to grant the permit informed MTI on Wednesday evening.
Politics
10:39, Sep 2 | The result of the municipality elections in October may be uncertain only in Budapest, daily Népszabadság reported on the latest survey of research company Szonda-Ipsos.
Finance
10:00, Sep 2 | Share turnover on the Budapest Stock Exchange (BSE) was 718 billion in August, down 12% from July, the BSE said, citing double-counting data compiled from brokers.
Finance
08:58, Sep 2 | The National Bank of Hungary (MNB) said Wednesday it will start publishing a new index: HUFONIA (Hungarian Forint Overnight Index Average) on its website daily from September 1, the MNB said on Wednesday. The move is designed to support the development of a Hungarian market for Overnight Indexed Swaps (OIS). Official OIS rates are expected to be published daily from the end of September.
Business
19:02, Sep 1 | Hungary's Phylaxia 1912 Holding sustained consolidated losses of HUF 8.8 million in the first half of 2010, compared to consolidated profit of HUF 105 million in H1 of 2009 as the result of sharply increasing financial losses, Phylaxia reported on in the company's consolidated, unaudited first-half IFRS report Tuesday night. Revenue rose 22% and operating profits rose more than five-fold.
Business
15:34, Sep 1 | Telco TvNetwork had net income of HUF 476 million in H1 as proceeds from the sale of networks lifted revenue, the company's unconsolidated Hungarian Accounting Standards report for the period published late Tuesday shows.
Business
14:20, Sep 1 | State-owned student-loan provider Diákhitel Központ lent HUF 11.53 billion in the first half of 2010, down slightly from HUF 11.8 billion in H1 of 2009, Diákhitel reported on Tuesday.
Finance
13:40, Sep 1 | Raiffeisen Bank had after-tax profit of HUF 1.79 billion in H1 as interest revenue grew and write-offs and risk provisions fell, the bank's unaudited consolidated IFRS report for the period published late Tuesday shows.
People
13:31, Sep 1 | 
People
13:14, Sep 1 | The chief office of investigations has charged Miklós Tátrai, former head of the Hungarian National Asset Management Company (MNV), with causing damages to the state in connection with a planned casino investment which is under a government investigation, the office said on Tuesday.
Business
12:29, Sep 1 | First-half consolidated after-tax profit of CIB Bank plunged 82pc to HUF 105m from the same period a year earlier as revenue from commissions and fees dropped, the bank's IFRS report for the period published late Tuesday shows.
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Business
11:37, Sep 1 | The Sziget Kulturális Menedzser Iroda's annual musical festival in Tirgu Mures, Romania, the Peninsula/Félsziget Festival, drew attendance of 63,000 in 2010, up 5pc from 2009, though ticket revenue covered only an estimated 90pc of the cost of holding the multi-day event this year, Budapest-based media company econet.hu announced on Tuesday.
Economy
10:24, Sep 1 | Hungary's seasonally adjusted Purchasing Managers Index (PMI) fell to 51.9 in August from 53.5 in July, , the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim), which published the monthly index, announced on Wednesday.
Economy
09:17, Sep 1 | Hungary had a €564 million trade surplus in June 2010, up from a downward revised €398 million trade surplus in May and a €317 million surplus a year earlier, the Central Statistical Office (KSH) said in on Wednesday. The figure is down just €3 million from a first reading published on August 6.
Business
07:56, Sep 1 | The “A” category businesses at the Hungarian Stock Exchange BÉT had a total profit of not more than HUF 116 billion in the first half of the year, business daily Napi Gazdaság reported.
Business
17:00, Aug 31 | Hungary is expected to become the third European Union member that can export meat to Vietnam, state secretary in charge of farm affairs at the Rural Development Ministry György Czerván told MTI on Tuesday, after returning from a trip Vietnam and Laos.