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 Saturday 11 October 2008
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Forint To Return To Stronger Territory After Panic-Stricken Sell-Off
"Hungary's forint experienced further panic-stricken selling on Thursday, but the market ultimately showed some consolidation, returning to below 265 versus the euro by late afternoon (the intra-day peak was EUR/HUF 266.40). more »

Here's to Zwack! - Hungarian Distiller Releases Spirited Quarterly Figures


Here's to Zwack! - Hungarian Distiller Releases Spirited Quarterly Figures
"Hungarian distiller Zwack has reported HUF 1,376 million after-tax profit for the fourth quarter of 2007, which corresponds to a 5.3% year-on-year increase. Based on the earnings report we believe the company will be able to pay HUF 1,000 dividend per share on its 2007 profit, which would correspond to a dividend yield of 6.7%, calculating at Wednesday's closing price. more »


Rumour Sends Forint To 15-Month Low


Rumour Sends Forint To 15-Month Low
"The forint sank to a 15-month low against the euro on Wednesday following rumours that Prime Minister Ferenc Gyurcsány and Finance Minister János Veres were to resign. Government spokesman Dávid Daróczi categorically denied these rumours, calling them absurd. The forint fell towards 264 per euro before recovering somewhat. more »


Forint Hits Two-Week Low Against EUR


Forint Hits Two-Week Low Against EUR
"Another weave of the turbulence on global and capital markets, which has been swirling for six months now, hit on Tuesday, weakening CEE currencies, along with Hungary's forint and leading to a rise in the yields of Hungary's longer government securities. more »


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