Hungary’s GDP grew an unadjusted 0.9 percent year-on-year in the first quarter of 2016, the Central Statistical Office (KSH) has said in a first reading of data. The preliminary number[…]
Ratings agency Fitch affirmed Hungary’s “BB plus” sovereign credit rating, one notch under investment grade, with “positive” outlook, in a scheduled review last Friday. The issue ratings on Hungary’s senior[…]
Hungarian rate-setters cut the central bank’s base rate by 15 basis points to 1.65% on Tuesday, in line with market expectations. The Monetary Council said: “Cautious easing of the policy[…]
The headlines always seem to be the same: the state buys up the top institute in the savings sector (Takarékbank), buys up MKB and BB, and now it is buying[…]
Hungary’s economic growth is likely to reach 3.1% this year before easing to 2.4% in 2015, TakarékBank has forecast. Further, thanks to faster growth and projected strengthening of the forint,[…]
TakarékBank has raised its projection for this year’s growth in economic output to 2.5% from 2.2% due to the pickup in automotive sector output and faster-growing investments. It expects GDP[…]
