Hungary News
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Updated 1 hour, 4 minutes ago
Investors are too bearish on Russian equities and should bet on a rally using options as Vladimir Putin will probably win the presidential election and implement reforms to stay in power, according to Societe Generale SA.
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Updated 2 hours, 3 minutes ago
Russia’s fourth-largest oil producer pumps more crude than the U.K., employs 100,000 people and trades on stock exchanges in Moscow, London and New York. What’s not disclosed is how much cash OAO Surgutneftegas holds and the identity of its biggest shareholders.
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Hungary’s benchmark BUX stock index rose 0.2 percent as of 11:51 a.m. in Budapest. The following are among the most active equities in the Hungarian market today. Stock symbols follow company names.
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Mol Nyrt., Hungary’s largest refiner and operator of Croatia’s INA Industrija Nafte d.d., plans to boost its spending to $191 million this year on exploration and field development in Croatia, up from $34 million in 2011.
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Updated 2 hours, 5 minutes ago
Emerging-market stocks rose, with the benchmark index set for a third weekly gain, after U.S. jobless claims fell and amid speculation China may introduce policies to support growth at a national congress next week.
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Hungarian state-owned electricity wholesaler MVM Zrt. may represent the country in talks on imports of Russian gas if it takes over the local gas unit of Germany’s E.ON AG, Napi Gazdasag reported.
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Hungary’s earliest possible date to adopt the euro is 2018, Prime Minister Viktor Orban said, as he pledged to narrow the budget deficit and avoid the loss of European Union subsidies.
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The following is a list of companies whose shares may undergo unusual price changes in central European markets. Stock symbols are in parentheses after company names. Share prices are from the last close.
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Hungarian Prime Minister Viktor Orban doesn’t plan to shuffle his Cabinet, his spokesman Peter Szijjarto said, according to Nepszabadsag.
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Hungary expects a European Union proposal to freeze the payment of development funds to be “taken off the agenda soon” as the issue is of a “technical nature” and will be “resolved,” state news service MTI said, citing Prime Minister Viktor Orban.
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