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Hungary
Hungary: 20th Consecutive Interest Rate Cut
The Hungarian central bank has cut the key interest rate by 10 basis points to 2.6 percent.
March 26, 2014
Hungary: Orban Striving to Become PM Again
In an attempt to gain another four years as head of the government Hungarian Prime Minister Viktor Orban praises the country’s achievements in the past years since his Fidesz party came into power.
March 26, 2014
Low Inflation Still No Threat to CEE
Currencies in CEE should not be affected by low inflation, according to Erste Group.
March 19, 2014
Hungary: Jurisdiction Affects FX Loans and Banks
Hungary’s constitutional court will exert influence on FX loans.
March 18, 2014
CEE Countries Condemn Russian Intervention in Ukraine
Foreign Ministers of the Visegrad countries (Poland, Czech Republic, Slovakia and Hungary) want to strengthen the EU defense policy. Poland intensifies its military cooperation with the U.S.
March 8, 2014
Hungary: OTP Bank’s Profits Vanished by Provisions and Taxes
A decrease on the operating profit, increasing risk provisions and taxes drained almost all profits made in the fourth quarter last year.
March 7, 2014
Polish Financial Market Proves Strong
The financial market in Poland is resistant towards negative impacts resulting from the current political crisis in neighbor country Ukraine.
March 5, 2014
UNIQA Insurance Group New in the ATX
The ATX Committee decided to include the two companies, UNIQA Insurance Group and Flughafen Wien to the ATX today.
March 5, 2014
Poland: Banks Expected to Preserve Ratings
According to US rating agency Standard&Poor;’s, Polish banks will be able to keep their credit ratings this year.
March 4, 2014
Hungarian Property Market Crisis Sharpens
In 2013, the building activity in the residential property sector fell dramatically. A soon recovery is more than unlikely.
March 1, 2014
Polish Currency Suffers from Instability in Ukraine
The Polish Zloty has become weaker because of the political instability in Ukraine.
February 28, 2014
Hungary: Customers Fleeced by Banks
For the first time in three years Hungarian commercial banks have returned to profitability. However, extra cost, caused by political circumstances, was passed on to clients.
February 26, 2014
CEE Financial Markets under Pressure as Riots Continue in Ukraine
CEE markets under pressure as Ukraine violence heats up. Biggest direct risk to Polish Zloty, but also to Hungarian Forint and Romanian Leu.
February 21, 2014
Austria Most Popular Country among Hungarians
93 percent of Hungarians feel compassion towards Austria.
February 19, 2014
Hypo Bankruptcy Could Severly Harm BayernLB
Rating agency Moody’s sees German BayernLB impacted by the critical capital situation in the coming years.
February 18, 2014
Erste: CEE Financial Market Not Concerned by Low Inflation
Low inflation will not change CEE market forecasts, according to Erste Group.
February 18, 2014
Romania: Fit for Eurozone?
According to estimates by the Romanian government, the country is fit for joining the single currency union.
February 17, 2014
Ukraine: Tough Market for Foreign Banks
The coming two years will be challenging for foreign banks operating in Ukraine.
February 11, 2014
CEE: Still Growth Market in Real Estate Sector
The region is still a growth market in the real estate sector even after the crisis. However, the legal situation in some CEE countries can be a pitfall to real estate companies.
February 10, 2014
Ukraine: RBI Examines Offers
Raiffeisen Bank International (RBI) has received a total of twelve offers for its Ukranian affiliate.
February 10, 2014
Hungary: Why Orban Faces Another Victory
At the beginning of April, Hungary will hold elections. Despite a high level of dissatisfaction and political frustration, there will be no government change.
February 7, 2014 · Updated: February 7, 2014; 17:59
FHB Bank Acquires Stake in Takarek Bank
The largest Hungarian mortgage bank becomes a core shareholder of the Hungarian savings bank Takarek Bank. Takarekbank is an umbrella bank for the Hungarian savings bank sector.
February 7, 2014
“Fragile Recovery in CEE Banking Sector”
According to the U.S. rating agency Fitch, the banking sector in Central and Eastern Europe is highly heterogeneous.
February 6, 2014
CESEE: Stuck in Transition or Just a Break?
Despite all difficulties in Central, Eastern and Southeastern Europe, the region remains essential for Austria. The long-term growth potential remains intact.
February 6, 2014 · Updated: February 6, 2014; 13:41
Hungarian National Bank: Market Manipulation Caused Fall in Forint
Hungary´s currency is under pressure again. In the last few weeks, the Forint has fallen substantially against the euro.
February 5, 2014
Roubini: Hungary in Difficulties
A number of emerging countries are facing enormous problems, according to economist Nouriel Roubini. Also countries in Central, Eastern and Southeastern Europe are affected.
February 5, 2014
„Hungary and Austria Must not Become Enemies“
Ewald Nowotny, governor of the Austrian National Bank (OeNB) wants a solution between the Hungarian government and the Austrian banking sector.
February 4, 2014
CESEE: Corruption Is Still a Major Obstacle
The European Commission has published its first Anti-Corruption Report today. Above all, the economies in Southern and Southeastern Europe are suffering from corruption.
February 3, 2014
„We Must Watch CESEE Very Carefully“
In an interview with the Austrian daily „Standard“, board member of Österreichische Kontrollbank AG Angelika Sommer-Hemetsberger said that the economic crisis in CESEE is not over yet.
February 3, 2014
Hungary: Next Currency Crisis Ahead
The extremely loose monetary policy begins to become a problem for Hungary. The forint exchange rate is going up considerably.
February 1, 2014
KBC Does Not Leave Hungary
The Belgian lender rejected rumors saying that the Hungarian unit may be sold. Not only KBC faces enormous difficulties in Hungary.
February 1, 2014
OTP: Takeover of Croatian Banco Popolare Fixed
On Friday Hungarian OTP signed a deal to take over Croatian affiliate of Italian Banco Popolare.
January 31, 2014
Hungary: Stable Economy, Weak Currency
According to Prime Minister Orban the volatility of the Hungarian Forint is based on global factors.
January 31, 2014
VSE and Kazakhstan Stock Exchange to Intensify Cooperations
Vienna Stock Exchange (VSE) and Kazakhstan Stock Exchange intensify cooperation – joint data vending agreed.
January 30, 2014
Capital Increase at RBI Hungary
RBI (Raiffeisen Bank International) will make a capital injection of € 55m in its Hungarian affiliate
January 28, 2014
OECD Shows Great Concern over Hungarian Economy
According to the OECD, the country’s recovery from recession will be weak in 2014 and 2015
January 27, 2014
Austria: Sberbank Affected By Further Costs
Sberbank is faced with further aids for Austrian Volksbank International (VBI). So far the Russian bank has pumped a total of € 1.3bn into Sberbank Europe.
January 27, 2014
RBI Not to Be Sold to Hungarian State
Hungarian Minister Varga announced that the Hungarian state had no interest in taking over RBI’s local affiliate. Instead, RBI announced that staying in Hungary was “the right decision”.
January 23, 2014
Erste to Maintain Business in Hungary
According to CEO of Erste Group’s Hungarian affiliate, the bank will remain in the country to expand business activity.
January 21, 2014
Croatia: Hungarian OTP to Acquire Banco Popolare Croatia
OTP will, according to media reports, take over Banco Popolare Croatia which has a market share of only 0.56 percent.
January 21, 2014
Kotian: “Growth in CEE is Accelerating“
In an interview with Austrian daily “Wirtschafts-Blatt”, CEE expert at Erste Group, Juraj Kotian, points out that the bond market is expected to see growth supported by the successful reduction of debts and high economic growth.
January 20, 2014
„Hungarian Economy Must be Rearranged“
István Töröcskei thinks that the Hungarian banking sector is highly interesting. In general, the financial sector must help to develop the Hungarian economy, Töröcskei argues.
January 18, 2014
Oberbank Continues Expansion Strategy
The Austrian regional bank considers Vienna and the Czech Republic as potential growth markets.
January 17, 2014
Hungary: Forex Loan Problem to be Solved
According to the Hungarian National Bank (MNB), the problem of the foreign-exchange loans could be solved in the next half year.
January 17, 2014
WSE to Become Regional Leader?
The Warsaw Stock Exchange (WSE) hopes to take over a “dominant” role in trading in Central Europe, as announced by GPW, the bourse’s operator, on Thursday.
January 17, 2014
CESEE: Massive Increase in Real Estate Investments
In Central, Eastern and Southeastern Europe, the total volume of real estate transactions totaled € 10.bn last year. Most transactions were recorded in Russia and Poland.
January 15, 2014
IMF and EBRD Deeply Concerned Over CESEE
Foreign banks continue to withdraw capital from the region. According to the International Monetary Fund, the development is highly considerable.
January 14, 2014
CESEE: Number of NPL Declining
According to a study by Bank Austria, the number of bad loans is declining in Central and Eastern Europe.
January 14, 2014
Fitch: Positive Comment on Raiffeisen Bank International
According to the U.S. rating agency, the planned capital increase is evaluated positively. In certain CESEE market, RBI´s operations will remain challenging, Fitch said.
January 11, 2014
Hungary: Further Monetary Cuts Not Unlikely
Adam Balog, deputy governor of the Hungarian National Bank (MNB), argues that there is still downward potential.
January 10, 2014
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