"Friday witnessed negligible exchange rates fluctuations in the Hungarian forint market as the EUR/HUF rate remained quite stable at 266. On the other hand, government bond yields have continued to decline in secondary trade, a persistent trend observed in the past few weeks. more »

"Management of Hungarian telecoms group Magyar Telekom have on Thursday confirmed market rumours that the company intends to enter the energy market as a service provider. Although MTel’s primary means to give cash to its shareholders remains dividend payment, it aims to keep its option open to repurchase own shares, CFO Tilo Kusch told a background meeting with journalists. more »

@Hungary’s gross domestic product (GDP) dropped by 4.0% year on year in the fourth quarter of 2009, according to raw data and decreased by 4.1%, according to figures adjusted for calendar effects, the Central Statistics Office (KSH) has reported on Wednesday. Seasonally adjusted numbers showed an 0.4% quarter-on-quarter contraction. The Hungarian economy contracted by 6.3% yr/yr in the whole of 2009, unprecedented since the change of regime. more »