"Despite the unfavourable market conditions last year, Raiffeisen Bank closed a successful business year, and even managed to strengthen its positions in 2007. The Bank's balance sheet total rose by 30% to above HUF 2,000 billion. Portfolio of loans grew by 24% to HUF 1,537 billion, while deposits showed a growth of 15% and grew to above HUF 1,228 billion. more »

"Hungary's room for tax cuts next year is much smaller than earlier thought and any reduction must be equalled by expenditure reductions, Finance Minister Janos Veres said on Thursday. more »

"The forint strengthened to a three-month peak of Ft 253.3 per euro yesterday, riding an upbeat global mood. The forint hit 162.3 per US dollar, an 11-year high. more »