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Monday 25 Sep 2017
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980 File For Personal Bankruptcy In Hungary So Far
Hungarians have made 980 filings for personal bankruptcy since the procedure’s introduction in the autumn of 2015. The court has approved 175 of the filings and is still processing another 118, Pál Völner, parliamentary state secretary for justice, said in a written response to a query by an opposition MP posted on the website of parliament. more »
S&P’s Revises Outlook On Hungary Rating To ‘Positive’
Standard and Poor’s Global Ratings on Friday said it revised the outlook on Hungary’s ‘BBB-/A-3’ long- and short-term foreign and local currency sovereign credit ratings to ‘positive’ from ‘stable’. This new rating shows that the government has handled challenges well with its economic policies, Economy Minister Mihály Varga told MTI. more »
Strong Growth In Hungary SME Lending Continued In 2017 Q2
In 2017 Q2, developments in corporate and household lending showed a further improvement. The annual growth rate of total corporate loans accelerated to 7 per cent. Lending to SMEs, including the self-employed sector, expanded by 13 per cent. As a result, SME lending was able to grow on market basis following the termination of the Funding for Growth Scheme. more »

Foreign Minister Welcomes Hungarian-Dutch Truck Deal


Foreign Minister Welcomes Hungarian-Dutch Truck Deal
Hungary’s foreign minister has welcomed that the Hungarian-owned transportation and logistics company Révész Group would purchase 370 new trucks from the Dutch company DAF. more »

Forint Strengthens To Two Year Peak


Forint Strengthens To Two Year Peak
The forint strengthened to nearly Ft 302 per euro on Wednesday afternoon, hitting a two-year peak, Portfolio underlined. The performance of the forint is outstanding, because its regional peer the Polish zloty weakened 0.3% against the euro and the Czech crown also lost 0.1% against the European currency on Wednesday. more »

HUF 1,000 Bill Will Be Upgraded To Enhance Security


HUF 1,000 Bill Will Be Upgraded To Enhance Security
The National Bank of Hungary is upgrading the 1,000 forint (EUR 3.3) bill with enhanced security features, the issuer said. The new banknote will become legal tender from Thursday, but will not enter into circulation until next March, allowing sufficient time to prepare for the switchover. more »



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