Portfolio.hu/en BSE Quotes Forum REsource Events
 

Hungary opposition party Fidesz releases election agenda (full story)

Hungary’s leading opposition party Fidesz has identified five key national issues for the next government to address, with top party officials... 

ANALYST VIEW - Nomura sees room for OTP stock price to double (2)

Nomura analysts surprised markets with a HUF 9200 target price for Hungary’s OTP Bank this morning. If asset quality returns to normal at... 

EUR interest rates on the rise - What options do we have?

For over a year, the European Central Bank (ECB) has kept rates low in an effort to stimulate the economy and curb the effects of the financial crisis... 

Read between the lines of Hungary's election promises - A civilian "lie detector"

Hungarian economists have launched an independent civilian initiative to see what the sometimes cloudy, boisterous, humbug or downright ridiculous promises... 

PwC Alert - Hungary amends Labour Code

On 1 February 2010, certain amendments to the Labour Code came into force, while other amendments will take effect from 1 May 2010. In its latest Tax &... 
Equity

Hungary econet.hu posts negative EBITDA even in Q4 2009

Hungary’s econet.hu posted HUF 2.1 billion revenues in 2009, but it incurred a HUF 630 million... 

Surgut has no intention to sell stake in Hungary's MOL - CEO

Russia’s state-owned Surgutneftegaz has no intention to sell its 21% stake in Hungarian fuels group... 

Hungary Magyar Telekom to provide gas and electricity services (3)

(Adds more info from meeting with journalists, Portfolio.hu viewpoint) Management of Hungarian telecoms... 

Magyar Telekom wins Best Corporate Governance Award in Hungary

Magyar Telekom, Hungary’s leading telecoms group, has won the award for Best Corporate Governance... 

Orco Safeguard Procedure extended by three months

Real estate developer Orco Property Group S.A. and its subsidiary Vinohrady S.A.R.L. have announced that... 

E.On cuts EBITguidance for 2010

German utility giant E.ON has on Wednesday published worse-than-expected earnings figures for the fourth... 

Analysts on "promising" discovery of Hungary's MOL in Iraq

Hungarian oil and gas group MOL has made a “promising" discovery in the Akri-Bijeel oil block in... 

ANALYST VIEW - Goldman Sachs cuts TP, keeps 'Sell' rating for Hungary's Magyar Telekom

Goldman Sachs has trimmed its (6-month) target price for Hungarian telecoms group Magyar Telekom to HUF... 

ANALYST VIEW - UBS ups target price for Hungary's MOL over Iraqi discovery

UBS has on Wednesday raised its target price for Hungarian fuels group MOL to HUF 21,500 from HUF 20,500... 

Hungary MOL makes discovery in Akri-Bijeel block in Kurdistan

Hungarian oil and gas group MOL has made a discovery in Akri-Bijeel Block in Kurdistan Region of Iraq.... 

Hungarian power distributors ÉMÁSZ, ELMŰ select Telvent Technology

Hungarian electricity distributor companies ELMŰ and ÉMÁSZ have selected Nasdaq-listed Telvent Technologies... 

Orco convenes warrantholders general meeting for 25 March

Property group Orco is to hold a general meeting for warrantholders on 25 March. At the meeting they... 
Markets (HU)

Hungary Csányi sells EUR 5.5 m worht of OTP shares

Sándor Csányi, Chairman-CEO of Hungary's OTP Bank, sold HUF 1.49 billion (EUR 5.53 m) worth of OTP shares... 

Feeble demand for 3-m Hungarian bills, rate cut expectations cooler

Demand was unusually weak for Hungary's 3-month discount Treasury bills (D100106) at an auction held... 

Hungary forint moored to 270 vs. EUR

Hungary's forint seems to be anchored to 270 versus the euro, while we see mixed signals from global... 

Hungarian forint trade unruffled, yields continue swift decline

Friday witnessed negligible exchange rates fluctuations in the Hungarian forint market as the EUR/HUF... 

Fidesz pledges 1 mn new jobs, healthcare/social reform in Hungary (3)

Released on Friday, the “Issues of National Concern" election agenda of opposition leader Fidesz... 

Hungary rate-setter foresees March rate cut

The coming general elections in themselves should not impact the interest rate policy of the National... 

Hungary OTP share price hits new local peak

Thursday saw increased buyer activity in US stock markets on Thursday, which propelled S&P back to its... 

Hungarian currency edging towards new peak

The Hungarian forint made minor gains vs. the euro this morning despite mixed stock market reports from... 

Croatia's INA to decide on convertible bond issue in March

Croatian oil group INA, in which Hungary’s MOL holds a 47% stake, is still discussing a possible... 
News

Hungary OTP concludes successful bond issue

Hungary’s OTP Bank has completed its latest bond issue for the OTP 2011/V 002 series, which was... 

Huawei plants in Hungary to enter production phase soon

Chinese telecommunications equipment manufacturer Huawei is gearing up for the opening of two new assembly... 

PwC Alert - Hungary amends law affecting corporate income tax

On 26 February 2010, the Hungarian Parliament adopted Act XII of 2010 amending certain financial laws... 

GE subsidiary to move manufacturing to Hungary

Canadian-based General Electric subsidiary Zenon has approved plans to move manufacturing of water purification... 

Hungary becomes majority owner of Malév again, increases capital

Hungary has carried out the capital increase at Malév on Thursday and so it has become the 95% owner... 

Hungary adamant on deficit forecast despite massive gap seen in Q1

Hungary does not modify its budget deficit forecasts either for the first quarter or the whole year and... 

Healthy bids, lower yields, above-plan sales at Hungary's bond auctions

Hungary’s Government Debt Management Agency (ÁKK) has received strong bids for three lots of government... 

Ascent Resources completes test of Hungarian well PEN-101

Ascent Resources plc, the AIM-traded oil and gas exploration and production company, has announced that... 

Far-right Jobbik almost catches up with Hungary's Socialists in popularity

Support for Hungary’s main opposition party Fidesz and the ruling Socialist Party (MSZP) has dropped... 

INSTANT VIEW - Hungary's trade balance shows EUR 290 m surplus in Jan (2)

(Adds comment by Concorde Securities) Hungary posted a EUR 290.4 million trade surplus in January, the... 

INSTANT VIEW - Hungary's CPI eases to 5.7% yr/yr in Feb (4)

(Adds comment by HSBC on page2) Hungary's consumer prices rose by 5.7% year on year in February, undershooting... 

Hungary posts EUR 290 m trade surplus in January

Hungary posted a EUR 290.4 million trade surplus in January, the Central Statistics Office (KSH) has... 

Hungary inflation retreats to 5.7% in Feb from 6.4% in Jan, below consensus

Hungary's consumer prices rose by 5.7% year on year in February, undershooting the 6.0% consensus estimate... 

Fitch says Hungarian bank sector likely to recover slowly after severe stress test

Fitch Ratings says in a newly-published report that Hungary's banking sector is likely to demonstrate... 

INSTANT VIEW - Hungary Q4 09 GDP suggests ongoing, but slow recovery

Second estimate of Q4 GDP confirmed that the Hungarian economy contracted by 4.1% year on year (sa) vs.... 

Hungarian economy getting up from the mat, but not even in semi-kneeling position

Hungary’s gross domestic product (GDP) dropped by 4.0% year on year in the fourth quarter of 2009... 

Marriott to double its hotels in Europe by 2015

Marriott International has announced plans to double its hotel portfolio in Europe by 2015, as part of... 

Leni Gas & Oil divests Hungarian gas assets

Leni Gas & Oil plc (LGO), has decided to divest its Hungarian assets. As a result of the company's on-going... 

Hungary to overshoot c.bank inflation goal in 2010 - Portfolio.hu Poll

The surprise jump in Hungary’s inflation to 6.4% in January has made a deep impression on analysts... 

EUR interest rates on the rise - What options do we have?

For over a year, the European Central Bank (ECB) has kept rates low in an effort to stimulate the economy... 

Hungary sells HUF 30 bn 3-m bills, yield hits new record low

The average yield at Hungary’s 3-month discount T-bill auction has dropped further from a 7-year... 
Commentary

Analysts on "promising" discovery of Hungary's MOL in Iraq

Hungarian oil and gas group MOL has made a “promising" discovery in the Akri-Bijeel oil block in... 

ANALYST VIEW - Hungary's inflation may lift HUF - BNP Paribas

Hungary’s forint may strengthen against Poland’s zloty as rising inflation in Hungary damps... 

ANALYST VIEW - Erste cuts target price for Hungary's Danubius, keeps rating

Erste Bank has on Wednesday lowered its target price for Hungary’s Danubius to HUF 3,400 from HUF... 

ANALYST VIEW - Raiffeisen ups target price for Hungary's MOL, keeps rating

Raiffeisen has raised its target price for Hungarian fuels group MOL to HUF 18,355 from HUF 18,191 previously... 
 

Stagnation or growth?


Ferenc Furulyás, Managing Director, Jones Lang LaSalle 
 
 

Current Rates
MOL19,850(1.5%) 
MTELEKOM725(1.0%) 
OTP6,349(2.4%) 
RICHTER42,400(1.0%) 
Interware



 
Our partners:
Mobile communications
partner
Internet Webdesign