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Jobless rate falls in May-July 27 Aug 2013 | 02:28 pm
The average unemployment rate in Hungary was 10.1 percent in the 15-74 age group in May-July, down from 10.3 percent in April-June and 10.5 percent in the same three-month period a year earlier, data ...
MKB losses expanded in first half 27 Aug 2013 | 02:27 pm
MKB Bank lost €108 million before taxes in the first half of the year, up from a €66 million loss one year earlier, according to the interim report of its parent bank BayernLB. MKB paid €46 million of...
Central bank mulls extending FX loan forint conversions 26 Aug 2013 | 02:34 pm
Hungary’s central bank has raised the idea of extending the programme under which foreign-exchange mortgages are converted to forints at a rate of 180 forints per Swiss franc. The measure would cost 3...
Lenders notch up combined 36 billion forint profit in first half 23 Aug 2013 | 11:58 pm
Hungarian lenders had combined after-tax profit of 35.9 billion forints (EUR 120m) in the first half on a strong fourth quarter and a loss-making second quarter, market watchdog PSZAF said in a report...
Gross wage growth accelerates to 3.7pc in June 22 Aug 2013 | 03:26 pm
Average gross wages in Hungary rose 3.7 percent year-on-year in June after a 2.9 percent increase in May, the Central Statistics Office (KSH) said on Thursday. Gross wages in the business sector rose ...
Hungary insurance market expands more than 5pc in H1 21 Aug 2013 | 02:38 pm
Revenue from premiums of Hungarian insurers rose 5.2 percent to 435.9 billion forints (EUR 1.46bn) in the first half from the same period a year earlier, lifted by life insurance products with one-off...
Public debt declines to 81.4pc of GDP by late June 21 Aug 2013 | 02:34 pm
Hungary’s gross public debt, calculated at nominal value according to the Maastricht definition, amounted to 23,250 billion forints (EUR 777bn), falling from 81.4 percent by the end of the second quar...
Carmaking, agriculture lift second quarter GDP 15 Aug 2013 | 02:52 pm
Hungary’s GDP was up 0.5% year-on-year in the second quarter and grew by 0.1% from the first quarter, according to preliminary data from the Central Statistics Office. The figure is in line with forec...
Inflation down in July 14 Aug 2013 | 02:35 pm
Inflation dropped to 1.8% year-on-year in July, from 1.9% in June, the Central Statistics Office announced. The figure was below the 2.1% forecast by most analysts. Core inflation was 2.8% year-on-yea...
OTP may bid for Croatian bank 12 Aug 2013 | 01:49 pm
OTP bank and Belgium’s KBC are potential bidders for Croatia’s Hrvatska Postanska Banka, according to a report in Zagreb financial paper Poslovni Dnevnik. The Croatian Finance Ministry announced the s...
