Mayor: Government agrees to take over debt repayment from BKV

The government has agreed to take over the debt repayment of the Budapest Public Transport Company (BKV), Mayor István Tarlós told journalists yesterday. BKV's debt due this year reached HUF 52.3 bln, a document submitted to a city council meeting showed.
BudapestThursday, 08:35, February 26, 2015 Read more

ÁKK chief: Higher mark-to-market deposits prevented drop in state debt ratio

A steep rise in mark-to-market deposits in Q4 last year prevented Hungary's state debt ratio from falling, CEO of the Government Debt Management Agency (ÁKK) György Barcza said in an interview in today’s issue of Hungarian economic daily Napi Gazdaság, for which he used to be the editor-in-chief prior to his appointment as ÁKK chief.
EconomyWednesday, 11:25, February 25, 2015 Read more

ÁKK: Retail government securities stock rises despite large bond expiry

The stock of government securities designed for the general public rose HUF 7 bln in January despite a big, HUF 96 bln expiry of inflation-pegged PMAK bonds issued three years earlier, the Government Debt Management Agency (ÁKK) said yesterday.
EconomyFriday, 08:35, February 20, 2015 Read more

ÁKK sells HUF 64 bln of bonds, HUF 9 bln more than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 64 bln of bonds at auction on Thursday, raising its original offer by HUF 9 bln on strong demand for the five-year term.
EconomyThursday, 12:05, February 19, 2015 Read more

ÁKK plans net issues of bonds, 3-month discount T-bills in March-May

Hungary's Government Debt Management Agency (ÁKK) plans net forint securities issues of HUF 194 bln according to its March-May issue plan, including net issues of three-month T-bills and bonds and net repayment of 12-month T-bills.
EconomyTuesday, 14:55, February 17, 2015 Read more

ÁKK sells HUF 50 bln of three-month T-bills, as planned

The Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction today, in line with the original offer. Primary dealers bid for HUF 99.0 bln of the papers which expire on May 27.
EconomyTuesday, 11:40, February 17, 2015 Read more

MNB: Hungary's Maastricht debt unchanged at 77.3% of GDP at end of 2014

Hungary's gross consolidated government sector debt, calculated at nominal value, in line with Maastricht methodology, reached 77.3% of GDP at the end of 2014, unchanged from the end of 2013, a first reading published by the National Bank of Hungary (MNB) today reveals.
EconomyTuesday, 09:00, February 17, 2015 Read more

ÁKK sells HUF 70 bln of securities at auction, HUF 10 bln more than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 70 bln of securities at auction on Thursday, raising its original offer by HUF 10 bln. ÁKK sold HUF 40 bln of discount twelve-month T-bills, in line with the original offer.
EconomyThursday, 11:50, February 12, 2015 Read more

ÁKK switches HUF short-term bonds to HUF 45 bln long ones at auction

The Government Debt Management Agency (ÁKK) sold primary dealers HUF 45 bln of government bonds maturing in 2023 and 2028, for bonds that run until 2017, at a switch auction on Wednesday, HUF 35 bln less than planned.
EconomyWednesday, 12:10, February 11, 2015 Read more

ÁKK raises interest for retail govt securities

Hungary's Government Debt Management Agency (ÁKK) will start selling a new, five-year premium "PMAK" bond with a 4% annual coupon from February 11, Hungarian news agency MTI reported today.
EconomyTuesday, 15:55, February 10, 2015 Read more

ÁKK sells HUF 50 bln of three-month T-bills

The Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction on Tuesday, in line with the original offer. Primary dealers bid for HUF 84.2 bln of the papers.
EconomyTuesday, 13:00, February 10, 2015 Read more

ÁKK sells HUF 62 bln of bonds at auction, HUF 7 bln more than planned

The Government Debt Management Agency (ÁKK) sold a combined HUF 62 bln of bonds at auction on Thursday, raising its offers for the two shorter terms and cutting the offer for the longest.
EconomyThursday, 11:50, February 5, 2015 Read more

ÁKK sells HUF 50 bln of three-month bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 50  bln of discount three-month T-bills at auction on Tuesday, in line with the original offer. Primary dealers bid for HUF 80.0  bln of the papers.
EconomyTuesday, 12:00, February 3, 2015 Read more

ÁKK chief: Hungary to reduce and diversify FX debt further

 Hungary has improved its financial position in terms of risks in the past few years as the share of FX-denominated debt in foreign hands fell and that of domestic retail investors rose, György Barcza, the new CEO of the Government Debt Management Agency (ÁKK) said in an interview with MTI. 
EconomyTuesday, 08:30, February 3, 2015 Read more

Franklin Templeton holdings of Hungarian debt drop

American asset manager Franklin Templeton's holdings of Hungarian government securities dropped by 2.2% in Q4 last year, as compared to the preceding quarter, and fell by a year-on-year 4.1% due to the forint weakening to the dollar, Hungarian business daily Napi Gazdaság reported today.
EconomyTuesday, 11:10, January 27, 2015 Read more

Hungary’s central budget debt rises 8.6% in year to December

Gross debt of Hungary's central budget rose HUF 1,8 trillion, or 8.6%, to HUF 23.8 trillion in the twelve months to the end of December, the Government Debt Management Agency (ÁKK) said in part of the National Economy Ministry's December budget report.
EconomyFriday, 14:40, January 23, 2015 Read more

Expiring long-term debt cuts Hungary's short-term external debt in Q3

The expiration of long-term debts was the main factor behind a large drop of Hungary's gross short-term external debt in the third quarter of 2014, the National Bank of Hungary (MNB) said in its fresh quarterly balance of payments report published on Monday.
EconomyWednesday, 09:20, January 14, 2015 Read more

Official: State debt to fall below 2013-end level

By the end of November the Hungarian state debt will be below its level at the end of 2013 using any possible calculating method, the deputy-CEO of the Government Debt Management Agency (ÁKK)Laszlo Andras Borbely said on state television on Tuesday morning.
Wednesday, 12:15, November 19, 2014 Read more

Hungary sees state debt falling to 76.9% level this year

The National Economy Ministry projects Hungary's state debt as a percentage of GDP will fall to a lower-than-expected 76.9% at year-end, down from 77.3% at the end of last year. The ministry announced the projection on Wednesday, after the Central Statistics Office (KSH) sent a scheduled Excessive Deficit Procedure report to the European Commission.
EconomyThursday, 10:30, October 2, 2014 Read more

EC: Hungary's debt reduction steps no substitute for real fiscal consolidation

The European Commission acknowledged recent steps Hungary has taken to reduce its state debt in a report published on Wednesday, but said the steps could not stand in for "genuine fiscal consolidation efforts" and reiterated that the country could face the re-opening of an Excessive Deficit Procedure.
EconomyThursday, 10:00, October 2, 2014 Read more