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Hungary
New Airline for Hungary?
After the insolvency of Malev in March 2012, the Hungarian government is said to promote a new airline.
September 6, 2012
Agrana Launches 2012 Fall Campaigns
This year, the Austrian sugar and starch company expects lower yields.
September 6, 2012
Oberbank to Expand in Hungary
The Austrian regional banks plans to open new branches in Hungary
September 5, 2012
Hungary: Foreign Direct Investments Declining
Against the reference period of 2011, investments in Hungary were down by 6%.
September 3, 2012
Further Increase in Unemployment
At the end of August 2012, 289,000 persons were looking for a job in Austria. At the same time, employment still grows.
September 3, 2012
Hungary to Nationalize Energy Industry
Viktor Orban´s government plans to acquire the Hungarian subsidiary of German eon.
August 29, 2012
Hungary: Debt Crisis in Private Sector Unsolved
Despite the conversion of foreign currency loans, the number of non-performing loans is growing rapidly. According to analysts, the outlook is bad.
August 29, 2012
Goldman Sachs Lowers Expectations for Austrian Banks
The U.S. investment bank anticipates decreasing earnings.
August 27, 2012
Orban Underlines Success of Hungarian Crisis Management
Hungary´s Prime Minister Viktor Orban wants to lower the public debt quota further. Hungary´s recession would be due to the weak Eurozone, he says. Orban forgot to mention some details, however.
August 24, 2012
VIG Aims to Expand in Poland
Vienna Insurance Group is interested in the Polish subsidiaries of ING and Aviva. However, there are no sales plans yet.
August 23, 2012
VIG to Grow in Hungary
Vienna Insurance Group intends to expand into Hungary. The Eastern neighbor country is the favorite growth market, the Austrian insurance group said.
August 22, 2012
Nokia Moves from Vienna to Budapest
The Finnish cell-phone company regroups and shifts its sub-headquarters for the CEE region from Austria to Hungary.
August 20, 2012
Daimler Said to Double Production in Hungary
The Germany automobile producer may enlarge its production facilities in Hungary massively.
August 20, 2012
South Stream Pipeline May Run Across Croatia
Instead of Hungary, the pipeline project South Stream may pass through Croatia. Gazprom currently negotiates with the Croatian operator Plinacro.
August 20, 2012
Hungary´s Public Debt Decreasing
Due to the weak euro, Hungary´s public debt quota decreased by 1.3% percentage points within only one quarter.
August 20, 2012
Hungary Faces Recession Again
In the second quarter of 2012, Hungary´s GDP was dwon by 0.2%. The decrease in exports is the main reason.
August 16, 2012
Hungary: Erste Group Expands
The Austria major bank purchases the private banking segment of BNP Paribas in Hungary.
August 9, 2012
Hungary: Most Foreign Firms from Austria
In Hungary, foreign companies employ 25% of the workforce. However, the share of foreign companies only reaches 3.3%
August 7, 2012
Polish Business Service Sector Booming
In 2011, 38 new business service centers were established in Poland. The number of employees doubled since 2009.
August 4, 2012
Bank Austria as UniCredit´s Cash Cow
Without Bank Austria, UniCredit would have been in the loss area. The CESEE region is still Bank Austria´s future market.
August 4, 2012
Hungary: Slow Progress in Talks with IMF
The negotiations with IMF about a € 15bn loan will be resumed in September. According to economists, a final agreement is highly uncertain.
August 1, 2012
Erste Group: Concerns Despite Profits
Yesterday, the Austrian banking group published its results for the first half year. The business in Romania, Hungary and Ukraine causes worries.
August 1, 2012
CESEE: Still High Degree of Corruption
According to Transparency International, „political influence over independent institutions is a systemic corruption risk in the Czech Republic, Hungary, Poland and Slovakia“.
July 31, 2012
Erste Group Burdened by Losses in Eastern Europe
Despite losses in Romania, Hungary and Ukraine, Erste Group posts a net profit of € 453.6m in first half of 2012.
July 31, 2012
Hungary: Real Income Shrinks
The Hungarian economy faces a substantial recession this year. Despite growing gross incomes, real income decreased by 4% last year.
July 25, 2012
Insolvencies in CESEE on the Rise
In 2011, the number of business insolvencies rose by 25% in the CESEE region. Hungary ranks first.
July 25, 2012
IMF: Doubt on Hungary´s Economic Data
For the IMF, the budgetary forecasts are too optimistic. The negotiations on the € 15bn loan continue.
July 23, 2012
RBI: Bad Development in Hungary
Herbert Stepic, CEO of Raiffeisen Bank International expects that the development of non-performing loans is stable this year.
July 21, 2012
„IMF Is Not Our Enemy“
Hungary´s Prime Minister Viktor Orban returns to the bargaining table. The country needs up to € 20bn.
July 17, 2012
Hungary: IMF Talks Begin Next Week
The financially stricken country seeks a second bailout by IMF. Hungary negotiates over a loan sized € 15bn.
July 14, 2012
IMF: New Central and Eastern European Constituency
Austria, Belarus, the Czech Republic, Hungary, Kosovo, the Slovak Republic, Slovenia and Turkey have established a Central and Eastern European Constituency at the International Monetary Fund.
July 11, 2012
Immofinanz: Substantial Success in Hungary
The Szépvölgyi Business Park in Budapest, an Immofinanz Group office property, will soon become the corporate headquarters for a further international company.
July 11, 2012
Performance of Austrian Banks Remarkably Down
Austria seems to be significantly „overbanked“: Austrian banks only achieve a 0.1% yield on the capital employed.
July 9, 2012
Hungary Plans to Boost Economy
With a € 1.0bn programme, the Hungarian government aims to create more jobs and stimulate consumption.
July 9, 2012
Purchasing Power in CEE Region: Czech Republic Ranks First
Among Poland, Slovakia and the Czech Republic, Bratislava records the biggest regional purchasing power. In total, the Czech Republic ranks first.
July 7, 2012
Hungary: Negotiations on IMF Loan to be Concluded in Autumn
Since January, the Hungarian government tries to secure a € 15bn loan by IMF and the European Central Bank. A final solution may be found in the next months.
July 7, 2012
Austria Remains One of the Biggest CESEE Investors
Austria is still an important net investor in Central, Eastern and Southeastern Europe. However, the global importance of the region did not increase.
July 6, 2012
CEE Defies Turbulences in the Eurozone
GDP in CEE expected to grow 2.6 per cent in 2012 – eurozone expected to shrink by 0.3 per cent. Growth forecast for Austria’s GDP at 0.7 per cent in 2012
July 5, 2012
Czech Republic: OMV Withdraws, MOL Expands
The Hungarian oil and gas group purchased 124 petrol stations in the Czech Republic. The Austrian OMV continues its downsizing strategy.
July 4, 2012
CESEE: Poland and Turkey are Hot Spots
Erste Economic Sentiment Indicator CEE: stock market expectations weaker, but still ahead of Eurozone. Turkey and Poland remain the preferred investment regions.
July 4, 2012
Volksbanken Sector to Become Merged
After months of negotiations, the merger between VBAG and the 52 Volksbanken is resolved. The merger was the prerequisite for getting bank aids.
June 30, 2012
Hungary: Financial Transaction Tax to be Extended
The Hungarian government plans a growth stimulus program, which should be funded with the extension of the current financial transaction tax.
June 30, 2012
Uniqa Completes Sale of Mannheimer Group
The Austrian insurance group Uniqa completed the sale of the Frankfurt listed company Mannheimer AG Holding to Continentale Versicherungsverbund. Growth in CESEE countries should be strengthened.
June 29, 2012
Credit Crunch in CESEE?
Anglo-Saxon banks and funds are most aggressive in deleveraging; Austrian bank are not relying on funding from countries in hotspots of deleveraging.
June 27, 2012
Austrian Railways and Hungarian MAV to Cooperate
ÖBB and MAV are said to plan a common expansion strategy in Southeastern Europe.
June 25, 2012
Nabucco „Not Essential“ for EU
For the EU Commissioner Günther Oettinger, it is not important which pipeline ships natural gas to Europe.
June 22, 2012
Major Loss at VBI
The Sberbank-owned Volksbank International (VBI) recorded a net loss of € 95.5m last year.
June 15, 2012
CEESEG: Harsh Environment Depresses Earnings for 2011
CEE Stock Exchange Group reports a massive cut in earnings, which is mainly due to impairment losses of Budapest Stock Exchange.
June 15, 2012
Leitl Underlines Good Relations with Hungary
At the visit of Hungary´s Viktor Orban, the President of the Austrian Chamber of Commerce (WKO) stresses the long-term commitment of Austrian enterprises in Hungary and claims legal security in return.
June 14, 2012
Raiffeisen Sector Won Market Shares Last Year
The Austrian Raiffeisen banking group could increase ist market share in lending and deposits.
June 14, 2012
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