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Hungary Banking News. Service for global professionals. Constantly updated news and information about Hungary.
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Latest Hungary Banking News

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  • Exploring Bach for His Gypsy Side 8 Nov 2009 03:15 GMT
    ... Bill Blackstone Monumenta Musica Slovaca Facsimile I A section ... The kaleidoscope of tunes includes Polish dances, Hungarian songs, ballads in Slovak, mealtime arias labeled ... Venice where he worked, was on the banks of the “Slavic canal,” and they invite ...

  • The Modest Superpower 7 Nov 2009 15:50 GMT
    ... Russia to the future of NATO. Europe's banks still have more toxic assets on their ... as incapable of concerted action. When the banking crisis first erupted, the EU's leaders squabbled ... the currencies of smaller EU countries like Hungary and Latvia began to teeter, the European Central ...

  • Twenty years since the fall of the Berlin WallStatement of the Bund Sozialistischer Arbeiter, October 18, 1989'Part 3Overthrow the Stalinist bureaucracy!Build workers' councils in East Germany! 7 Nov 2009 07:36 GMT
    ... open the door for the West German banks and corporations into Eastern Europe. After the declaration ... the SPD, to travel to Poland and Hungary as an emissary of capitalism, praising the ...

  • WB: 20-year market reforms in Europe and Central Asia deprived them of future 7 Nov 2009 10:50 GMT
    ... financing and coordination by Western European parent banks to maintain their exposures in Central and Eastern ... the Czech Republic, Estonia, FYR Macedonia, Georgia, Hungary, Kazakhstan, Kosovo, the Kyrgyz Republic, Latvia, Lithuania, ...

  • The Clearstream trial: a conflict in the French bourgeoisie 7 Nov 2009 07:36 GMT
    ... The Clearstream trial: a conflict in the French bourgeoisie ... government, which Menatep then shared with US banks. (3) That Clearstream had helped transfer illegal ... those of Sarkozy's family, which is of Hungarian origin. Ultimately, the names of several other ...

  • Hungarian banks' bad loan rate peak seen at 7-10% 2 Nov 2009 16:10 GMT
    ... BUDAPEST, Nov 2 (Reuters) - The Hungarian banks' non-performing loan (NPL) rate will peak ... lending)," Tamas Erdei, the Chairman of the Banking Association said. "That's a manageable level as ... projection for a peak at 13-15 percent. Hungary's economy is expected to shrink by 6.7 ...

  • Hungarian banks to see decline in portfolio quality, profitability - c.bank 4 Nov 2009 14:35 GMT
    ... The National Bank of Hungary (NBH) has today published the Report on ... economic activity, due in part to the Hungarian economy's high degree of openness. The downturn ... NBH said. It also believes the Hungarian banking sector is able to meet the challenges ...

  • UPDATE 1-Hungary bank 2009 loan losses to triple -cenbank 4 Nov 2009 10:42 GMT
    ... base case BUDAPEST, Nov 4 (Reuters) - Hungarian banks' loan losses will triple this year and ... and by sharply rising unemployment for households." Hungary's economy is expected to shrink by 6.7 ...

  • Hungary FinMin says forint level not worrisome, budget goals achievable 3 Nov 2009 15:15 GMT
    ... a threat to the country's financial stability, Hungary's Finance Minister Péter Oszkó said on Tuesday, ... 280) does jeopardise the stability of the Hungarian banking system," he added. The European Commission said ...

  • EBRD says Hungary may need further spending cuts 2 Nov 2009 16:53 GMT
    ... its fresh Transitions Report 2009 measures the Hungarian government has taken to contain the country's ... cuts in 2010. "Over the medium term, Hungary's key challenge remains that of ensuring public ... said. "By mid-2009 prudential indicators of the banking sector remained solid with profitability supported by ...

  • Hungarian banks face a fierce year in 2010 - c.bank 5 Nov 2009 05:17 GMT
    ... June 2009, provisions set aside by the banking sector amounted to HUF 188 billion, which ... have been restraining their credit demand and banks have been maintaining tight price and non-price ... the decreasing loan-to-deposit ratio of banks. As Hungary was hit by the crisis at the same ...

  • UPDATE 1-ECB's Nowotny: fx loans main issue for Austrian banks 6 Nov 2009 15:37 GMT
    ... among the top banks. In countries including Hungary, Romania, Poland, Ukraine and the Baltics, most ... key regulators of central and eastern Europe's banking sector, and Nowotny, along with his Hungarian peer Andras Simor, has become one of ...

  • Hewlett-Packard is the leading PC vendor in Hungary with a market share estimated at around 4 Nov 2009 08:13 GMT
    ... Hungary Information Technology Report Q4 2009 - a ... the second half of last year. The Hungarian market retains considerable latent growth potential. Home ... acquisition targets for the company included healthcare, banking and retail software development terms, as it ...

  • ECB's Nowotny: fx loans main issue for Austrian banks 6 Nov 2009 12:17 GMT
    ... lending is the main issue for Austrian banks in emerging Europe and the central bank ... among the top banks. In countries including Hungary, Romania, Poland, Ukraine and the Baltics, most mortgages ... to repay state aid granted under the banking stability package. 'There are lenders who can ...

  • E15: Penta fails in tender for Hungarian firm Herz 5 Nov 2009 07:53 GMT
    ... E15: Penta fails in tender for Hungarian firm Herz Prague, Nov 4 (CTK) - ... care, the aviation and engineering industries, private banking, telecommunications and the entertainment industry. Penta's companies ... companies employ more than 25,000 people. In Hungary, Penta owns several meat processing plants grouped ...


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According to the White House, 650,000 jobs were created or saved by $150 billion in stimulus funds. Was it money well spent? (Oct. 30, 2009)



 

Quote of the Day

Markets

Exchange Rates: Hungarian Forint
USD 1 = HUF 185.2500
EUR 1 = HUF 275.0499

Closing Stocks:
Budapest BUX: 20,076.32(-1.90%)

Country Info About Hungary

Visit the World Factbook for detailed information about Hungary.
 

This Day in History

Nov. 8

25,000 Hungarian Jews are loaned to the Nazis for forced labor.
What year was it?

25,000 Hungarian Jews were loaned to Nazis for forced labor
What year was it?

UN demands USSR leave Hungary.
What year was it?

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