The Budapest Business Journal on the web

BUX loses 2.1% on S&P euro-zone credit watch

Tuesday 05:20, December 6th, 2011

The Budapest Stock Exchange’s blue-chip BUX index closed Tuesday trade down 2.10% to 17,372.45 as an announcement from Standard and Poor’s that it had placed 15 euro-zone members, including Germany and France, on credit watch for possible downgrade dampened sentiment among BSE investors.Read more

Monetary Council holds non-rate-setting meeting

Tuesday 04:05, December 6th, 2011

The Monetary Council of the National Bank of Hungary (MNB) held a non-rate-setting meeting on Tuesday, the central bank said.Read more

HUPX turnover set to reach 4 TWh this year

Tuesday 04:05, December 6th, 2011

Turnover of electricity products on the Hungarian Power Exchange (HUPX) is expected to reach almost 4 TWh this year or about 10% of domestic consumption, managing director Zoltan Medveczki said at a conference on Tuesday.Read more

Templeton fund manager reportedly holds over 10% of Hungary’s government debt

Tuesday 01:20, December 6th, 2011

US-based investment firm Franklin Templeton holds more than HUF 1,000bn, or over 10%, of Hungary’s forint- and foreign-currency-denominated debt, the business daily Napi Gazdasag reported, citing unnamed market sources on Tuesday.Read more

Demand high, yields still above secondary market at three-month T-bill auction

Tuesday 01:15, December 6th, 2011

The weekly auction of three-month discount T-bills was more than three times oversubscribed but the Government Debt Management Agency (AKK) sold only the announced HUF 40bn of the bills on Tuesday.Read more

Head of BSE parent urges bigger effort to bring foreign capital, investors to Hungary

Tuesday 01:15, December 6th, 2011

Hungary must work harder to attract foreign capital and foreign investors, Heinrich Schaller, chairman-CEO of the Wiener Borse and the CEE Stock Exchange Group, of which the Budapest Stock Exchange is a member, said at a conference in Budapest on Tuesday.Read more

More than 54,500 borrowers repay FX mortgages in first two months of scheme

Tuesday 11:40, December 6th, 2011

Fresh data published by financial market regulator PSZAF show that 54,563 borrowers availed of an early forex mortgage repayment scheme at discounted exchange rates between September 29, when the scheme was launched, and the end of November.Read more

BUX opens down 0.8%

Tuesday 09:40, December 6th, 2011

The Budapest Stock Exchange’s blue-chip BUX index opened Tuesday trade down 0.78% at 17,606.56.Read more

BUX gains 1.7% on eurozone debt optimism

Monday 05:45, December 5th, 2011

The Budapest Stock Exchange’s blue-chip BUX index closed Monday trade up 1.71% to 17,745.74 on an improvement in the eurozone’s debt outlook stemming from the announcement of austerity measures in Italy and hope for an agreement between France and Germany on steps needed to save the single European currency.Read more

Demand for MNB three-month FX swaps at five-month peak

Monday 04:30, December 5th, 2011

Demand for three-month floating rate EUR/HUF swaps rose to €285m, the highest value since the middle of June at the National Bank of Hungary (MNB)’s weekly tender on Monday.Read more

Forint firms past 300 to euro

Monday 04:25, December 5th, 2011

The forint firmed past 300 to the euro around 1:30pm on Monday.Read more

Private equity: Negative attitude

Monday 02:00, December 5th, 2011

Although there is interest from private equity investors toward Hungarian businesses, many deals fall through due to the negative attitude of the targets. The country has made headway in improving its business environment, though.Read more

Optisoft shares to float from Tuesday

Monday 11:45, December 5th, 2011

Shares of Optisoft, a developer of software for the healthcare industry, will float on the Budapest Stock Exchange from December 6, the company told MTI on Monday.Read more

BUX opens up 0.2%

Monday 09:35, December 5th, 2011

The Budapest Stock Exchange’s blue-chip BUX index opened Monday trade up 0.16% at 17,475.26.Read more

BUX opens up 0.95%

Friday 09:30, December 2nd, 2011

The Budapest Stock Exchange’s blue-chip BUX index opened Friday trade up 0.95% at 17,311.50.Read more

BUX loses 2.8% on negative correction

Thursday 05:25, December 1st, 2011

The Budapest Stock Exchange’s BUX index closed Thursday trade down 2.76% to 17,148.48 as a negative correction of significant previous gains dropped the BSE blue-chip index to its first loss of the current week.Read more

Demand strong, yields fall at bond auction

Thursday 01:20, December 1st, 2011

Yields fell and demand was strong at an auction of bonds by the Government Debt Management Agency (AKK) on Thursday.Read more

BUX opens down 0.3%

Thursday 09:40, December 1st, 2011

The Budapest Stock Exchange’s blue-chip BUX index opened Thursday trade down 0.31% at 17,580.27.Read more

Govt continues talks with banking association

Wednesday 03:35, November 30th, 2011

The government is continuing talks with the Hungarian Banking Association, government spokesman Andras Giro-Szasz said on Wednesday.Read more

Companies borrow more in HUF than repay in FX in October

Wednesday 03:30, November 30th, 2011

Net forint borrowing of Hungarian non-financial businesses exceeded net repayments in foreign currency in October, but their loan stock rose mainly because of the weaker forint, the National Bank of Hungary’s aggregated balance sheet of credit institutions published Wednesday shows.Read more

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