United States

Gergely Szakacs

Risk of Hungary's booming economy overheating is very low: central banker

Jun 26 2019

BUDAPEST Hungary's economy is in a high-pressure phase with strong wage and output growth, but the risk of overheating is very low as investments are booming and it is running a current account surplus, a senior central banker said on Wednesday.

UPDATE 2-Hungarian central bank sticks to dovish stance despite CPI rise

Jun 25 2019

BUDAPEST, June 25 Hungary's central bank left interest rates unchanged on Tuesday and kept its dovish stance despite a strong increase in inflation, after the European Central Bank (ECB) flagged further easing earlier this month.

Hungary has no evidence of Huawei threat, plans rapid 5G rollout: minister

Jun 20 2019

BUDAPEST Hungary has no evidence that equipment from Chinese telecoms giant Huawei poses a security threat, a government minister said on Thursday, adding that Budapest was mulling incentives to accelerate the rollout of a high-speed 5G network.

Hungary central bank expected to leave rates unchanged in June: Reuters poll

Jun 20 2019

BUDAPEST Hungary's central bank is expected to put off raising its overnight deposit rate after the European Central Bank reversed its course on policy because of sluggish inflation in the euro zone, Hungary's main trading partner.

UPDATE 2-Hungarian lender MKB's shares start trading in Budapest

Jun 17 2019

* Final restrictions on business activity to be lifted shortly

Hungarian scientists mull legal action over government controls

Jun 12 2019

BUDAPEST The head of Hungary's oldest scientific institute said it was considering taking legal action to challenge government moves to take more control over research work and budgets.

Hungary suspends court reform that worried EU, shuns Salvini

May 30 2019

BUDAPEST Hungary unexpectedly announced the indefinite suspension of a new administrative court system on Thursday, backtracking on a reform that had raised concerns over judicial independence.

Exit from mainstream looms after Orban rejects EU conservative

May 07 2019

BUDAPEST/BERLIN The leader of Germany's conservatives said she expected Hungarian Prime Minister Viktor Orban's Fidesz party would quit Europe's main center-right group after he withdrew support for the bloc's candidate to head the European Commission.

UPDATE 2-Hungary leaves rates unchanged, defying higher prices

Apr 30 2019

BUDAPEST, April 30 The National Bank of Hungary left interest rates unchanged and reiterated its accommodative policy stance on Tuesday although economists project a slow increase in official rates this year and next because of strong domestic inflation.

Hungary would benefit from a new domestic banking group, MKB chief says

Apr 26 2019

BUDAPEST Hungary would benefit from having another major domestic bank, the head of MKB Bank said on Friday, without shedding light on whether MKB would bid for Budapest Bank, which was put up for sale this year.

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