Napi Gazdasag

Forint Drops to Four-Week Low on Hungary Central Bank Outlook

The forint fell to its weakest in four weeks on speculation the central bank will keep cutting interest rates and may take other steps to ease monetary policy after a new chief takes over next week.

Forint Gains First Time in Three Days on Matolcsy Bank Reports

The forint gained for the first time in three days as the government signalled Economy Minister Gyorgy Matolcsy won’t become president of the central bank.

Hungary Taps AAK for Electronic Road Toll Project, Napi Reports

Hungary’s government has picked the state highway manager, AAK Zrt., to build an electronic road toll network by July 1, Napi Gazdasag reported, citing National Development Ministry deputy state secretary Vilmos Valyi-Nagy.

Hungary May Increase Tax on Drugmakers, Napi Gazdasag Reports

Hungary may raise a special tax on pharmaceutical companies to 18 percent from 12 percent, Napi Gazdasag reported, citing a document it obtained.

BNP Says Investor Anxiety Over MNB Chief Choice Overblown

Investor anxiety that the Hungarian government’s self-described unorthodox economic policies will spread to the central bank with a new Magyar Nemzeti Bank chief named this year are unjustified, BNP Paribas SA said.

Magyar Telekom Gains Fifth Day on Tender Report: Budapest Mover

Magyar Telekom Nyrt. gained for a fifth day, the longest rally in almost 10 months, after Napi Gazdasag reported that its T-Systems unit may win a tender for the construction of an electronic toll system.

Hungary Prepares to Cut Public Sector Jobs by 5-10%, Napi Gazdasag Reports

Hungary is preparing to cut staff levels at budget-funded institutions by 5 percent and at supporting institutions by a further 10 percent, Napi Gazdasag reported, citing Jozsef Feher, secretary-general of the Hungarian Civil Servants Association.

Hungary Banks to Get Tax Break for SME Loans, Napi Gazdasag Says

Hungarian lenders may be able to use fresh loans to small and medium-sized enterprises to reduce their bank-tax liability by as much as 15 percent, Napi Gazdasag reported today.

Hungary Eyes E.ON Gas Unit for Russia Talks, Napi Gazdasag Says

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.

Magyar Telekom Drops on Toll Tender Loss Report: Budapest Mover

Magyar Telekom Nyrt., the Hungarian unit of Deutsche Telekom AG, dropped for the first time in six days after Bitport reported the company’s T-Systems unit is set to lose a tender to supply an electronic road toll system.

Hungary

Gyorgy Matolcsy

Viktor Orban

Andras Simor

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