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United States

Gergely Szakacs

Hungary looking at Russian and Chinese COVID-19 vaccines: PM aide

Oct 22 2020

BUDAPEST Hungarian Prime Minister Viktor Orban's government has asked local health experts to look into the efficacy of COVID-19 vaccines developed by Russia and China for possible later purchases, Orban's chief of staff said on Thursday.

Hungary central bank to keep rates unchanged next week: Reuters poll

Oct 14 2020

BUDAPEST The National Bank of Hungary (NBH) is likely to leave its base rate and overnight deposit rate unchanged on Tuesday after weaker-than-expected September consumer prices data eased some concerns about inflation, a Reuters poll of economists showed.

Magyar Telekom considers subletting headquarters as COVID-19 keeps workers away

Oct 14 2020

BUDAPEST Locked into a 15-year lease agreement, Magyar Telekom is considering subletting some of its new headquarters, one of several options under review as the coronavirus pandemic upends long-term plans for Hungary's largest office building.

UPDATE 3-Hungary central bank to use one-week depo rate as 'fast response', deputy governor says

Oct 01 2020

* QE programme to be reviewed before purchases approach limit (Updates with Thursday's tender, analyst comment)

EU executive snubs Hungarian demand to oust top democracy official

Sep 29 2020

BUDAPEST/BRUSSELS The European Union executive on Tuesday snubbed a demand by Hungarian Prime Minister Viktor Orban that it dismiss its top rule of law official for comments about Hungary's "ailing democracy".

UPDATE 3-Hungary's surprise rate hike fails to boost forint, central bank may need to act again

Sep 24 2020

BUDAPEST, Sept 24 Hungary's central bank unexpectedly raised the interest rate on its one-week deposit tool by 15 basis points to 0.75% on Thursday, but the surprise hike failed to give a substantial boost to the weakening forint.

UPDATE 2-Hungary central bank leaves rates unchanged, sends hawkish signal on inflation

Sep 22 2020

BUDAPEST, Sept 22 Hungary's central bank left interest rates on hold on Tuesday, as expected, and struck a hawkish tone with a warning it would be ready to use its policy tools if persistently higher inflation warranted such action.

Orban has ruled Hungary for a decade. Could the pandemic bring him down?

Sep 18 2020

BUDAPEST Hungarian car dealer Realszisztema has shelved plans to build a $1.7 million service facility and warehouse. Auto supplier AGC Glass Hungary, too, is turning away from expansion ambitions as it faces a future of fewer workers and sliding sales.

POLL-Hungary central bank to keep rates steady as pandemic boosts prices

Sep 17 2020

* Economy to shrink by 5.5% in 2020, 4.7% bounce seen in 2021

POLL-Hungary central bank to hold fire next week, may ease more later

Aug 18 2020

* reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=HUINT%3DECI poll data

World News

U.S. urges diplomacy as Nagorno-Karabakh fighting rages

U.S. Secretary of State Mike Pompeo urged Armenia and Azerbaijan to pursue a diplomatic solution to the Nagorno-Karabakh conflict as fighting in and around the mountain enclave entered a second month on Tuesday, defying a ceasefire brokered in Washington.