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Ecomin says MOL will be defended against hostile takeovers

"Hungarian Minister of Economic Affairs, János Kóka, has on Friday told NBC that the state will defend its strategic interests against hostile takeovers. His remark comes after Austrian fuels group OMV increased its stake in its local peer, MOL, and offered “friendly talks" on tying links tighter. more »

OTP Bank Deputy-CEO bows out

"Hungary's leading bank, OTP, has announced on Thursday that Deputy Chief Executive Officer, Csaba Lantos, who is a member of the Board of Directors and in charge of the retail division, will terminate his employment with the bank as of 30 June. more »

Hungary's four-month trade deficit EUR 442m, down from preliminary

"Hungary's trade deficit was EUR 442m in January-April, EUR 38m less than a year earlier, the Central Statistics Office (KSH) reported on Friday in a second reading of the figures. more »

Hungary cenbank unexpectedly cuts rates

"The Monetary Council of the Hungarian central bank (NBH) cut interest rates by 25 basis points on Monday, while the consensus expectation was for rates on hold this month after the unfavorable wage data. Goldman Sachs said the MPC is apparently more at ease with the high headline wage figures. more »

HEADLINE

Simor ahead of Parliament, Járai to chair policy meeting for the last time in Hungary this week (26 Feb-2 March)

HEADLINE

Hungary Nitrokémia to build HUF 80 bn lactic acid plant with Estonian peer

HEADLINE

Hungary to reduce time to open business

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