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Hungary Cenbank Confused A Number Of Investors - Morgan Stanley

May 19. 2016.

In Hungary, the ongoing plans to relax fiscal policy in 2017 could delay Hungary's rating upgrades, though the government would be willing to pay the price, said Pasquale Diana, a London-based analyst at Morgan Stanley, in a research note published on Wednesday. He does not expect Hungary to return to the Excessive Deficit Procedure (EDP) in any case. More...

European Commission Recommends Fiscal Adjustment For Hungary

May 18. 2016.

The European Commission recommends Hungary to achieve an annual fiscal adjustment of 0.3 % of GDP towards the medium-term budgetary objective in 2016 and of 0.6 % of GDP in 2017. The EC also urges the government to lower sector-specific taxes, reduce the tax wedge for low-income earners and facilitate the transition from the public work scheme to the primary labour market. More...

Hungary Public Debt Rises In The First Quarter

May 17. 2016.

As usual, Hungary’s debt ratio started to rise in the first quarter after some "facelift" at the end of last year. Fiscal prudence remains intact, though, and the state hardly had any financing need in January-March. More...

PICTURE OF THE WEEK: Tamás Széll Is Crowned Best European Chef at Bocuse d'Or Europe

May 13. 2016.

Hungarian chef Tamas Szell from Resturant Onyx and his teammates celebrate his victory after winning the European final of Bocuse d'Or, the world's most prestigious contest for chefs last Wednesday in Budapest, Hungary. After two days of very intense competition, eleven European candidates have earned qualification to take part in the World Final in Lyon, France January 2017. (Photo: MTI Tamás Kovács)

Hungary To Draw Up National Bus Production Strategy

May 12. 2016.

The Hungarian government decided to draw up and implement a national strategy for bus production, government spokesman Zoltán Kovács said yesterday, during a break in a cabinet meeting, Hungarian news agency MTI reported. More...

MNB: Banking Sector ROE Could Reach 6-8% In 2016-2017

May 19. 2016. MTI- Econews

A lower tax burden, lending growth and improved cost efficiency could raise the return on equity of Hungaryʼs banking sector to 6-8% in 2016-2017, the National Bank of Hungary (MNB) said today, according to Hungarian news agency MTI. More...

TRAVEL: A Design Lover’s Guide to Budapest, Hungary

May 18. 2016.

Architectural Digest / by

With its straight-out-of-a-storybook scenery—innumerable palatial buildings, ornate old-world cafés, and the mighty Danube River rippling beneath an octet of bridges—Budapest is a picturesque metropolis. But Hungary’s complex political history manifests itself in design, too...  More...

Hungarian Government Could Add 50,000 Electric Cars To Road Networks By 2020

May 17. 2016.

Budapest Business Journal

The Hungarian government is targeting an increase of the number of environmentally-friendly vehicles on the country’s roads to 50,000 by 2020 from the current 600, Hungary’s National Economy Minister Mihály Varga said on Friday, according to Hungarian news agency MTI. More... 

INSTANT VIEW - Hungary Q1 GDP Surprises Strongly To The Downside

May 13. 2016.

Hungary’s first-quarter GDP was a record surprise printing at 0.9% year-on-year, after 3.2% the previous quarter, much lower than the 2.0% consensus, and also the lowest yr/yr growth since 2013 and the largest quarterly drop at -0.8% since the highest of the Eurozone crisis in 2012. More... - Read also: Hungary EcoMin Addresses Anemic First-quarter GDP Data

Portfolio Analysis: Did The Hungarian Economy Really Hit Such A Huge Bump In The Road?

May 12. 2016.

Economic growth in Hungary decelerated significantly in the first quarter of 2016, according to analysts polled by Portfolio. They project a mere 2% output increase for the first three months of the year. Not to mention that this estimate already includes the impact of the leap day (ie. longer quarter), without which GDP growth would have come in closer to 1.5%. More... - Read also: KSH: Hungary’s industrial production falls on declining automotive sector