The Budapest Business Journal on the web

Budapest Stock Exchange CEO resigns

Friday 01:05, April 27th, 2012

Mohai is leaving his post based on mutual agreement. Read more

Richter board proposes HUF 660-per-share dividend

Friday 08:55, April 27th, 2012

The dividend fund comes to HUF 12.2 billion.Read more

Hungary default insurance costs fall after IMF-EU talks move closer

Thursday 07:25, April 26th, 2012

Hungary's five-year credit default swaps started trade Thursday at 528bp, down a sharp 40bp from the previous close.Read more

Rate-setters say banking system stable, but ability to support growth weakened

Thursday 06:45, April 26th, 2012

A reduced willingness to lend still contributed to credit supply constraints, but deteriorating lending capacity raises the risk of a credit crunch, Monetary Council says.Read more

MNB acknowledges gov't steps to ensure central bank independence

Wednesday 09:50, April 25th, 2012

The central bank will also participate at the IMF-EU talks on precautionary financial assistance.Read more

FHB Mortgage Bank to pay no dividend on loss-making 2011

Wednesday 01:15, April 25th, 2012

FHB had a loss of HUF 1.85 billion last year. Read more

Bourse shareholders approve HUF 205-per-share dividend

Wednesday 01:10, April 25th, 2012

The dividend fund comes to HUF 1.125 billion, almost 99% of the bourse's after-tax profit.Read more

Hungary default insurance costs fall on improved outlook for IMF-EU talks

Wednesday 01:10, April 25th, 2012

Hungary's five-year credit default swaps (CDS) traded around 559bp on Wednesday, falling from 570.3bp late Tuesday.Read more

MNB starts euro sales to support conversion of delinquent fx loans

Wednesday 10:10, April 25th, 2012

The operations will have no material impact on Hungary's external vulnerability, MNB says. Read more

CIG Pannónia to raise capital at non-life-insurance unit

Tuesday 01:05, April 24th, 2012

The unit's greater-than-expected growth made the capital raise necessary. Read more

MNB three-month FX swap tender continued without bids

Tuesday 11:55, April 24th, 2012

Except for two occasions with limited demand, the weekly tenders have attracted no bids since the end of January.Read more

Prosecutor investigates banks that provided fx loans on complaint of tax fraud

Tuesday 11:30, April 24th, 2012

The complaint was filed against all fx-lender banks in Hungary, Magyar Nemzet writes.Read more

OTP Bank warns clients of "phishing" attempts

Friday 02:10, April 20th, 2012

The bank advised clients who had revealed information to perpetrators to contact the bank's customer service immediately.Read more

Hungary financial transaction tax would be no more than 0.1%

Friday 04:05, April 13th, 2012

According to PM Viktor Orbán, the government was "a long way" from taking a final decision on the introduction of the tax.Read more

Forint liquidity of banks rose slightly in March

Thursday 02:45, April 12th, 2012

The rise came after closure of early repayment scheme.Read more

Groupama Garancia premiums revenue edges down to HUF 89.3 bln in 2011

Wednesday 02:40, April 11th, 2012

The insurance company still became the third-biggest player on both the life and general insurance markets.Read more

AKK raises offer, yields under benchmark at three-month T-bill auction

Tuesday 12:05, April 10th, 2012

Auction demand dropped from a week earlier but was still nearly double the offer.Read more

CIG Pannonia Life Insurance applies for "A" category listing at BSE

Thursday 12:30, April 5th, 2012

The life insurance company's shares have been listed in the BSE's "B" category since November 2010.Read more

OTP board proposes dividend payment of 100% of face value of shares

Thursday 09:50, April 5th, 2012

The bank will spend HUF 28 billion on dividend payment from its 2011 unconsolidated HAS after-tax profit of HUF 136.6 billion.Read more

Citibank Hungary branch announces HUF 10.8 bln profit for 2011

Wednesday 03:30, April 4th, 2012

The branch had total assets of HUF 813.4 billion at the end of last year, up 29% from twelve months earlier.Read more

Results: 3648

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24H
Most read

20:10Egis ups guidance

19:45Banking association establishes position on transactions duty for talks with govt

19:25Hungary seeks three-year, €15 bln precautionary financing from IMF/EU

12:25Nabucco consortium executive body to discuss MOL stand on pipeline

12:05Weaker HUF, EUR sales to mortgage repayments give MNB extra HUF 13.6 bln

11:35MOL considers joining BP pipeline project

16:55Hungary CPI picks up to 5.7% in April

16:45EC forecast puts Hungary deficit under 3% threshold in 2012, 2013

15:10Government introduces tax bills

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EC forecast puts Hungary deficit under 3% threshold in 2012, 2013

A sector waiting to be recognized

Govt breaks promise made in agreement with new tax, Banking Association says

Hungary exports drop, imports down slightly yr/yr in March

Hungary debt insurance costs surge on Greece worries

Hungarian insurers to pay no bank levy from 2013, ministry confirms

EU conformity of telephone tax questionable, Mattheisen says

Hungary CPI picks up to 5.7% in April

Government introduces tax bills

Budapest Stock Exchange name new CEO

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