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Forint Seen Steady This Year, Future Not So Bright

Forint Seen Steady This Year, Future Not So Bright
"Hungary's forint is expected to shift no more than +/-2% from the 250.50 benchmark against the euro in the next three months, fund managers said in Portfolio.hu's monthly survey on Tuesday.


OMV has sent a letter with three major arguments to support its position. According to OMV, it lacks refinery capacity, the opposite problem to that of MOL and INA. OMV also argues that it is more international, with useful connections, and is financially stronger than MOL. OMV made no comment on the report. (MH p.13; NG pp.9&10; VG p.9; MN p.12) 'Click here for a free one-week trial subscription to Hungary Around the Clock'
07.11.2007

 
 

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