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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 and, as a consequence, they now project the... 

INSTANT VIEW - Hungary's industrial production soars in January (3)

(Adds comment by Crédit Agricole CIB) Hungary’s industrial production rose 3.4% on an annual basis (and 5.7% on a workday-adjusted basis) in... 

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

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... 

ANALYST VIEW - JPMorgan sharply raises target price for Hungary's OTP Bank (2)

(Adds details, charts) JPMorgan has on Monday sharply raised its target price for Hungary’s OTP... 

Erste Bank takes Hungary's Állami Nyomda on top picks board

The recovery from recession is still intact, but the indications are that the easy gains are over and... 

Hungary Magyar Telekom to hold AGM on 7 April

The Board of Directors of Hungarian telecoms group Magyar Telekom has decided to hold its Annual General... 

Hungarian KBC unit net profit plunges over 60% yr/yr in 2009

Hungary’s K&H Bank, member of the Dutch KBC Group, has reported HUF 10 billion after-tax profit... 

ANALYST VIEW - RBS yanks target price much higher for Hungary's OTP

The Royal Bank of Scotland (RBS) has sharply raised its target price for Hungary’s OTP Bank to... 

Hungary Állami Nyomda not to pay dividend to finance acquisitions (2)

(Adds details, charts) Állami Nyomda, one of the main security printers and card producers of Hungary... 

Poland's IPOPEMA set to start brokerage activities in Hungary this week

Polish brokerage house IPOPEMA, which focuses exclusively on institutional clients, is to make its debut... 

OTP aims to acquire on inferior markets, plans no dividend until risk view betters

OTP Bank Chairman-CEO Sándor Csányi told a press conference on Tuesday that they would look to acquire... 

Only one Hungarian blue chip smells nice to fund managers

In the wake of a moderate dip on the Budapest Stock Exchange (BSE) in February, most of the fund managers... 

Hungary OTP bad debt ticks up to 9.8%, no profit guidance for 2010

Due to uncertainties surrounding costs of risk Hungary’s OTP Bank has chosen not to give a guidance... 
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... 

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 Vegyépszer seals EUR 300 m mega deal in Libya

Hungarian construction firm Vegyépszer has won an order worth HUF 80 billion from Libya. The domestic... 

Hungary industrial production jumps 8.8% m/m in Jan vs. 5.9% drop in Dec 09

Hungary’s industrial production jumped by 8.8% month on month in January 2010, according to data... 

Hungary Csányi puts spice in food business by snatching salami maker Herz

Hungary’s competition authority (GVH) has approved Bonafarm Zrt., an interest of OTP Bank Chairman-CEO... 

Fuel prices to go up markedly this week in Hungary

Hungarian fuels group MOL will raise the price of gasoline and diesel by HUF 6 and HUF 3 per litre, respectivley... 

Hungary deficit target not set in stone - Csányi

Hungary has wasted the past eight years and set very hard conditions for the next eight, said Sándor... 
News

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... 

Hungary needs "fiscal dictatorship" - Járai

Hungary would still be on the verge of sovereign default if it was not for the IMF credit, said Zsigmond... 

Hungary Fidesz to form fact finding committee, promises 4-yr, 6-yr tax cuts

You cannot put a responsibly conceived economic programme on the table without knowing the true state... 

European Monetary Fund in the making? Misbehaving states to face severe penalties - FT

Germany and France are planning to launch a sweeping new initiative to reinforce economic co-operation... 

Lámfalussy says euro zone is "solid" despite Greek woes

The euro zone is stable despite the financial predicaments of Greece, which are far more serious than... 

Hungary budget deficit reaches 40% of full-year fcast by end Feb (2)

(Adds details, charts) Hungary posted a public sector deficit of HUF 381.9 billion in February 2010 (on... 

Hungarians love Pandora, but do not consider movies to be an escape from the real world

42% of the adult population in the world’s 23 countries representing 75% of global GDP agree that... 

Aviva posts GBP 1.31 bn profit in 2009, Hungarian figures due out in 6 weeks

UK insurance group Aviva posted GBP 1.31 bn IFRS after-tax profit in 2009, against a loss of 885 m pounds... 

Hungary still awaits EUR 32 m payment from Russia, Malév may hurt (2)

(Updates in last two para) While Hungary’s “national" airline Malév was re-nationalised... 

Hungary Malév to save over HUF 6 bn annually on cost/staff cuts, new contracts - CEO

The business plan of Hungary’s recently re-nationalised airline Malév targets to generate annual... 

New Hungarian TV channel of Magyar Telekom aims to dethrone Discovery Channel

Magyar Telekom, Hungary’s leading telecommunications group, has introduced at two new television... 

Capital Partners to sue Hungary over ban, plays the nationalist card

Czech brokerage company Capital Partners said it would file a complaint with the European Commission... 

Hungary's international reserves rise to record high in Feb - c.bank

Hungary’s international reserves rose to a new all-time high of EUR 32.86 billion in February... 

Hungary forint unable to breach key level, US jobless data may help

Following a mild depreciation on Thursday, Hungary’s forint has firmed cautiously versus the euro... 

EU finalises support budget for energy projects

The European Commission has selected on Thursday 43 major energy projects, which will significantly contribute... 

Austria's wiiw sees Hungarian economy stagnating in 2010, U-rate high at 10.5%

Hungary’s economy will stagnate in 2010 and grow by 2.6% year on year in 2011, The Vienna Institute... 

When the EUR falls, Hungary's forint tends to underperform CE3 peers - Crédit Agricole CIB

A better risk appetite environment should support the EUR/USD in the short term, but the cross looks... 

Healthy demand for Hungary's 12-m bills at auction, yield drops

In the wake of a successful bond issue by Greece today, Hungary’s Government Debt Management Agency... 

SCD Group wins tender for Hungary's Fly Balaton airport

FB Airport Kft., part of real estate development and private equity company SCD Group, has been granted... 

Hungary revises 2009 trade surplus sharply downward

Hungary’s Central Statistics Office (KSH) has revised the January-November 2009 export volume downward... 
Commentary

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... 

Hungary's PannErgy ranks high among Erste's Top Picks

Geothermal developer PannErgy is the only Hungarian company that made it to Erste Bank’s Top Picks... 
 

Offices and retail space for pennies


Rental rates for offices and retail spaces alike have plummeted to unprecedented lows following the crisis. Previous price levels, pretty much set in stone... 
 
 

Current Rates
MOL18,900(0.7%) 
MTELEKOM719(0.3%) 
OTP6,030(0.3%) 
RICHTER41,500(-1.0%) 
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