opinion
Tammy Nagy-Stellini
Managing Director, Hays Hungary
Hays Hungary launches 2013 Salary Guide and Market Overview
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ECONOMY
Lithuania’s jobless rate rises modestly in Q1
Lithuania’s unemployment rate edged up to 13.1% in the first quarter from 13% in the fourth quarter, the Department of Statistics in Vilnius said on Friday. The latest figure was notably lower than 7.3% recorded in the first quarter last year.
BUSINESS
ELMŰ-ÉMÁSz profits slip in Q1
First-quarter profits of Hungarian electricity distributors ELMŰ and ÉMÁSz fell from a year earlier as revenue declined, the companies' consolidated IFRS reports published late Friday showed.
BUSINESS
SOCAR plans to build refinery in Turkey
Azeri state energy firm SOCAR plans to borrow about $4 billion from foreign banks to finance construction of a refinery in Turkey.
ECONOMY
Govt halves cap on chimney sweep fees
Hungary's government has decided to reduce the per-unit cap on chimney sweep fees by 50% to HUF 2,000 from July 1, the National Development Ministry said on Friday.
ECONOMY
Jobless rate in Slovenia falls in March
Slovenia’s jobless rate fell 0.2 percentage points to 13.4% in March, the first decrease since September 2012, the Slovenia Times reported Friday citing data from the Statistics Office.
BUSINESS
BayernLB in not hurry to sell MKB
The Bayerische Landesbank (BayernLB) has not given exclusivity to any of the potential buyers of its Hungarian subsidiary MKB bank
BUSINESS
German Gehrlicher Solar secures €85 mln funds for overseas expansion
German photovoltaic corporation Gehrlicher Solar has procured credit facility of €85 million ($109.5 million) for additional two years to fuel its US expansion plans.
BUSINESS
Hungary smartphone penetration reaches 29%
Twenty-nine percent of Hungarians owned smartphones at the end of last year, according to a survey by eNET-Telekom.
ECONOMY
Fitch downgrades Slovenia
Fitch Ratings downgraded Friday Slovenia’s long-term foreign and local currency issuer default ratings to BBB+ from A-, citing the deterioration of the macroeconomic and fiscal outlook, questions over bank recapitalization costs and political uncertainty.
BUSINESS
Pannon-Flax falls further into red in Q1 on rising sales costs, financial-transaction losses
Hungarian textile maker Pannon-Flax had after-tax losses of HUF 54.4 million in the first quarter of 2013, up from after-tax losses of HUF 38.5 million a year ago on increasing cost of sales and financial-transaction losses.
BUSINESS
Russia may cut Rosneft holding to 51%, PM says
The Russian government may cut the state’s holding in Rosneft, the nation’s largest oil company, to 51%, Prime Minister Dmitry Medvedev said on Sunday quoted by RIA Novosti.
BUDAPEST
Budapest plans pedestrian bridges, mayor says
Several pedestrian bridges spanning the Danube could be built in Budapest in the medium term, according to a study recently approved by the city council, mayor István Tarlós said on Thursday.
ECONOMY
IMF sees Cyprus growth in 2015, warns of pitfalls
Cyprus should return to growth in 2015 after three years of deep recession, the International Monetary Fund said on Friday, but will need to ensure that its sweeping austerity program does not slip off the tracks.
BUSINESS
EBRD supports Croatian pharmaceutical packaging producer
The European Bank for Reconstruction and Development will support Croatian pharmaceutical packaging producer Piramida with €3.6 million.
ECONOMY
Net household savings 5.6% of GDP in Q1
The net lending capacity of households - their net financial savings ratio - reached HUF 364 billion in nominal terms, or 5.6% of GDP in the first quarter of 2013, the National Bank of Hungary (MNB) said.
BUSINESS
Autogas sales in Latvia jumps in Q1
Autogas retail sales in Latvia rose 50% in the first quarter, compared to the same period of the last year, reported LETA/Nozare.lv, referring to data from the State Revenue Service.
ECONOMY
German-Hungarian business chamber celebrates anniversary
The German-Hungarian Chamber of Commerce and Industry celebrated its 20th anniversary at an event on Thursday. Speaking at the event, National Economy Minister Mihály Varga said Germany was Hungary's most important trade partner.
BUSINESS
British company plans to open R&D centre in Vilnius
UK’s IDScan Biometrics, a leading European provider of solutions for ID authentication, has chosen Lithuania to establish an R&D unit, wrote news2biz Lithuania.
BUSINESS
EBRD to help Serbia’s private sector
The European Bank for Reconstruction and Development is strengthening the private sector in Serbia by providing loans and leasing finance to small and medium-sized enterprises through local subsidiaries of UniCredit.
BUSINESS
Banks have till Feb 2014 to disburse investment loans under cbank scheme
Lenders who participate in the National Bank of Hungary's "Funding for Growth Scheme" must disburse just 30% of investment loans supported with the 0% refinancing from the central bank during the programme's run, from June 1 until August 30.
18:30Govt bill would award local councils, church more properties
18:00Lithuania’s jobless rate rises modestly in Q1
17:45ELMŰ-ÉMÁSz profits slip in Q1
17:10SOCAR plans to build refinery in Turkey
17:05Govt halves cap on chimney sweep fees
17:00Jobless rate in Slovenia falls in March
16:30BayernLB in not hurry to sell MKB
16:10German Gehrlicher Solar secures €85 mln funds for overseas expansion
18756.40
MOL16,495-205-1.23%Open:16,750.00 High: 16,850.00 Low: 16,435.00
Prev. close: 16,700.00 Volume: 48,813
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Prev. close: 365.00 Volume: 1,214,022
995.46
- CIGPANNONIA22610.44%
Open:226.00 High: 236.00 Low: 225.00
Prev. close: 225.00 Volume: 45,309 - ELMU12,000-850-6.61%
Open:12,220.00 High: 12,220.00 Low: 12,000.00
Prev. close: 12,850.00 Volume: 50 - EMASZ10,100-350-3.35%
Open:10,400.00 High: 10,400.00 Low: 10,005.00
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EUR/HUF
289.6850
0.0050 (0.0017%)
Low: 289.5447 High: 289.8350
CHF/HUF
231.2000
-0.1150 (-0.0497%)
Low: 231.0250 High: 231.4175
USD/HUF
224.1325
-0.3050 (-0.1359%)
Low: 223.8850 High: 224.4735
JPY/HUF
2.1856
-0.0019 (-0.3060%)
Low: 0.6040 High: 0.6064
EUR/CZK
26.0553
0.0287 (0.1103%)
Low: 26.0265 High: 26.0630
EUR/PLN
4.1815
0.0008 (0.0191%)
Low: 4.1794 High: 4.1830
Source: portfoliofinancial.hu Data is delayed by at least 15 minutes
