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 "The bank tax, the freeze on foreclosures and the strong Swiss franc have depressed Hungarian banks’ income-generating capacity to the extent that their ability to contribute to economic growth will decline, the national bank MNB warned in its quarterly report on financial stability. more » "After months of talks, the government and gas suppliers have agreed on the new gas price formula that will come into effect next year. The new formula gives 60% weighting to the long-term import price of Russian oil and 40% weighting to the spot price of natural gas on the Rotterdam exchange. more » Arriving on the heels of media rumors concerning state acquisition of Hungarian oil giant MOL, a second instance court decision on Thursday said the company acted within legal boundaries, when it placed prohibition on board membership for its Russian shareholder Szurgutnyeftyegaz. more » "The Budapest Stock Exchange (BSE) will prolong its trading period by half an hour from December 1, the bourse confirmed to Napi Gazdaság. The change applies to all sections except commodities. more »|
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