Moody’s upgrade ‘sign of success’
Rating agency Moody’s Investors Service raised the outlook on Hungary’s “Ba1” sovereign long-term issuer rating, one notch under investment grade, to “positive” from “stable” in a scheduled review last Friday.[…]
Economic numbers looking positive
European Commission sees stable growth in Hungary
The European Commission sees Hungary’s economic growth at 2.9 percent this year, 2.2 percent next year and 2.5 percent in 2017, according to the European body’s autumn forecast. Hungary will[…]
Varga points the way ahead
EU funds, credit, flexible labour and an investment fund
Minister of National Economy Mihály Varga summarised in four points all the things the Hungarian government can do to keep domestic economic growth above the European average. He did not[…]
Nation waits to be put in the picture
Ownership mystery after commercial channel TV2 changes hands
Film industry mogul Andrew Vajna’s Magyar Broadcasting Company signed a contract to buy commercial channel TV2 from TV2 Media Group Holdings last Thursday. A few hours later, however, Lajos Simicska’s[…]
EU funds seemingly not available for private purposes
Modernising the energy technology of buildings
Brussels is not providing any money for modernising the energy technology of residential buildings, at least so the Prime Minister’s Office claimed recently. The reason behind the sudden change of[…]
Less effort, more transparency
New accounting rules reduce administrative burden
The amendment of the Accounting Law enters into force on January 1, bringing along first of all unified standards that serve the implementation of relevant EU guidelines. For large companies[…]
Cheap credit can only do so much
Economic policy and banking sector
With each day gone the enhancement of credit business is considered more and more important, being a basic pillar of sustainable economic growth. However, this is only wishful thinking for[…]
Car industry is a cul de sac for exports
Economic diversity needed in wake of VW exhaust gas scandal
The government is considering how to proceed with its industrial policy following the scandal over the manipulated diesel engines of the Volkswagen Group. At the moment only one thing is[…]
Easing off table for now
The Monetary Council of the Hungarian National Bank (MNB) kept the base interest rate on 1.35% at its regular meeting this month, as expected by analysts. However, the prime rate[…]
Rating remains one notch below
Standard & Poor’s affirms Hungary’s junk status
Standard & Poor’s Ratings Services has affirmed Hungary’s junk rating at “BB plus”, with “stable” outlook, in a scheduled review that confounded some analysts’ expectation of a raise in the[…]
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