Magyar English News (RSS 2.0)

Hungary Holds Key Rate After Two Years of Monetary Easing

August 26. 2014.

Bloomberg - By Zoltan Simon

Hungary’s central bank kept the main interest rate unchanged at a record low, in line with its guidance for a holding pattern until the end of 2015 following two years of monetary easing. More... 

Read the Central Bank's statement in full

Hungary Seeks Warmer EU-Russia Ties To Aid Business

August 25. 2014.

Reuters - Reporting by Marton Dunai; Editing by Robin Pomeroy

The Hungarian prime minister who said Europe had "shot itself in foot" by imposing sanctions on Russia, told diplomats on Monday he would seek support from other EU countries for a push to improve relations with Moscow. More...

Ernő Rubik Presented With Highest State Award

August 21. 2014.

On 20 August, Hungary’s national holiday marking the country’s founding, President of the Republic János Áder presented internationally renowned inventor Ernő Rubik with the Order of Saint Stephen. The award is presented in recognition of the most prestigious special merit in the interests of the country, an outstanding life’s work and significant honours acquired within the international arena. Nobel Prize winning author Imre Kertész has also received the highest state award at the proposal of Prime Minister Viktor Orbán. (Photo: MTI Gergely Botár)

EcoMin: Yr/yr Drop In Hungary Government Debt Likely At End-2014

August 19. 2014.

portfolio.hu

Hungary may see its government debt rate drop below the end-2013 level by the end of this year, Péter Banai, State Secretary in charge of public finances at the Economy Ministry, said on Monday evening. More...

Hungary C.Bank Reacts To Financial Times Blog On Luxury Hotel Purchase

August 18. 2014.

portfolio.hu

The National Bank of Hungary has not left a scathing opinion piece by a Financial Times blogger unanswered. Kester Eddy’s article, entitled 'Company resort makes its comeback at Hungary’s central bank’ and published in the FT’s Beyondbrics comment blog on 11 August, discussed the Hungarian central bank’s (MNB) social responsibility strategy and the training and recreational centre it had purchased. It said several of the author’s comments called for correction. More...

Hungary’s Orban Bashes Liberal Immigration Policy

August 25. 2014.

WSJ Emerging Europe - By Veronika Gulyás

Hungary’s Prime Minister Viktor Orban on Monday lashed out against immigration, setting one of the main policy objectives of his next term in power after winning parliamentary elections in April. More...

Russian Ban Hits Hungarian Pork, Poultry Sectors

August 22. 2014.

The Pig Site

Russian sanctions are expected to harm USD 100 million in Hungarian agricultural exports. The Hungarian pork and poultry sector will be hit hardest by the Russian ban. More...

Hungary’s Debt-Relief Plan Could Hurt Economy: Analysts

August 21. 2014.

AFP - The Peninsula Quatar

Controversial new plans to make Hungary’s banks bear the burden of surging mortgage repayments could drag down economic growth and may prompt some beleaguered lenders to leave the country, analysts say. More...

Hungary's Debt Ratio Reaches 85.1% Of GDP

August 18. 2014.

Budapest Business Journal

Hungary's gross consolidated government sector debt, calculated at nominal value, in line with Maastricht methodology, reached HUF 25,432bn, or 85.1pc of GDP, at the end of June, Hungarian news agency MTI reported today by citing preliminary data on financial accounts published by the National Bank of Hungary. More...

Hungary Raises 2014 Growth Forecast To 3.1%

August 18. 2014.

MarketWatch

Hungary raised its economic growth forecast to 3.1% for this year following the release of favorable official data, the economy ministry said in a statement Monday. More...