Hungary in the news - via YahooNews
Hungarian forint falls against US dollar (Nasdaq)on Nov 14, 2008 via YahooNews (RTTNews) - During early deals on Friday, the Hungarian forint declined against the US dollar after a report showed that Hungary's annual GDP growth slowed in Q3. A preliminary report from the Hungarian statistical office showed that the gross domestic product increased 0.8% on year in the third quarter, slower than the 2% rise seen in the second quarter.See details
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Hungary's Economy Contracts, Braces for Recession (Update1) (Bloomberg)on Nov 14, 2008 via YahooNews Nov. 14 (Bloomberg) -- Hungary's economy contracted in the third quarter from the previous period as the global financial crisis engulfed the country, moving it toward its first recession in 15 years.See details
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(AFX UK Focus) 2008-11-14 09:29 OTP says cannot support Hungary bank rescue package (Interactive Investor)on Nov 14, 2008 via YahooNews BUDAPEST, Nov 14 (Reuters) - Hungary's OTP Bank cannot support the government's bank rescue package in its current form as its conditions are not adequately tailored to the domestic banking system, OTP's chief financial officer said. OTP has a large enough 1.5 billion euro ($1.9 billion) liquidity buffer to survive 2009 without having to raise cash, but its growth would be in the best interest ...See details
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(AFX UK Focus) 2008-11-14 08:25 Hungary's industry output falls 0.7 pct y/y in Sept (Interactive Investor)on Nov 14, 2008 via YahooNews BUDAPEST, Nov 14 (Reuters) - Hungary's industrial output fell by an annual 0.7 percent in September based on final, unadjusted data, unchanged from a preliminary estimate, the Central Statistics Office (KSH) said on Friday. In the first nine months of 2008 it was 3 percent higher than in the same period a year earlier. In August output fell by an annual 5.9 percent. Export sales in September ...See details
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Hungary's GDP grows 0.8% y/y in Q3 - statistical office first estimate (Interfax)on Nov 14, 2008 via YahooNews BUDAPEST. NOVEMBER 14. INTERFAX CENTRAL EUROPE - Hungary's gross domestic product (GDP) rose 0.8% year-on-year (y/y) in the third quarter of 2008, according to first-estimate data released by the Central Statistical Office (KSH) on Friday.See details
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Hungary's Growth Slowed More Than Expected in Third Quarter (Bloomberg)on Nov 14, 2008 via YahooNews Nov. 14 (Bloomberg) -- Hungary's economic growth slowed more than expected in the third quarter as the global financial crisis engulfed the country, dragging it toward its first recession in 15 years.See details
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(AFX UK Focus) 2008-11-14 08:05 Hungarian FHB's Q3 net profit up 21.3 pct yr/yr (Interactive Investor)on Nov 14, 2008 via YahooNews BUDAPEST, Nov 14 (Reuters) - Hungarian mortgage bank FHB reported a 21.3 percent year on year rise in its third-quarter after-tax profit to 1.601 billion forints ($7.38 million) on Friday. FHB posted an after-tax profit of 1.32 billion forints in the third quarter of 2007. Reuters did not poll analysts for forecasts for the third quarter of 2008. Analysts earlier said that third-quarter figures ...See details
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Genetic Immunity(R) Announces First Patient Dosed In Phase II Trial With DermaVir Patch For HIV Disease (Business Wire via Yahoo! Finance)on Nov 14, 2008 via YahooNews MCLEAN, Va. & BUDAPEST, Hungary----Genetic Immunity, a US/Hungarian clinical-stage company focused on development of nanomedicines for targeted immune amplification, today announced it has treated the first subject in a Phase II clinical study to evaluate DermaVir Patch.See details
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CheckSum Announces Distribution Agreement With ELAS in Hungary (Centre Daily Times)on Nov 13, 2008 via YahooNews CheckSum today announced that ELAS (Electronics Assembly Services) of Budapest will sell, install and service CheckSum products in Hungary. The distribution agreement covers all CheckSum products and services, including the successful, high-speed MultiWriter ISP device programming system and the popular, low-cost Analyst in-circuit test systems.See details
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CheckSum Announces Distribution Agreement With ELAS in Hungary (Business Wire via Yahoo! Finance)on Nov 13, 2008 via YahooNews ARLINGTON, Wash.----CheckSum today announced that ELAS of Budapest will sell, install and service CheckSum products in Hungary. The distribution agreement covers all CheckSum products and services, including the successful, high-speed MultiWriter ISP device programming system and the popular, low-cost Analyst in-circuit test systems.See details
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Spain buys 6 million emissions rights from Hungary (Reuters via Yahoo! UK & Ireland News)on Nov 13, 2008 via YahooNews Spain has bought rights from Hungary to emit 6 million tons of greenhouse gas through a government-level emissions trading scheme under the Kyoto Protocol, a Hungarian government official said on Thursday.See details
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Hungary '08, '09 new car sales seen sharply down (The Economic Times)on Nov 13, 2008 via YahooNews Hungarian new car sales will drop sharply in both 2008 and 2009 as the global economic crisis pushes the country into a recession and bank credit dries up, the car importer's association MGE said on Thursday.See details
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Hungary presents 5.4-billion-euro rescue plan for companies (Eu Business)on Nov 13, 2008 via YahooNews (BUDAPEST ) - Hungary's government on Thursday presented a 1,400-billion-forint (5.4-billion-euro) rescue plan over two years to help the country's companies tackle the effects of the current economic crisis.See details
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Belgian KBC's Hungarian K&H Bank ups Q1-Q3 net 44% y/y to HUF 27.8 bln;quits CHF lending (Interfax)on Nov 13, 2008 via YahooNews BUDAPEST. NOVEMBER 13. INTERFAX CENTRAL EUROPE - Hungary's K&H Bank, the local unit of Belgium's KBC, recorded net profit of HUF 27.8 bln in the first three quarters of 2008, up 44% year on year (y/y) when adjusted for one-off items, a growth rate the company expects to maintain in the fourth quarter despite the financial crisis and an impending recession in Hungary.See details
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Hungary plans $7 bln stimulus to fight slowdown (Khaleej Times)on Nov 13, 2008 via YahooNews BUDAPEST - Hungary launched an economic stimulus package on Thursday to lift the country out of a recession but tight budget controls mean there will be no new spending and the central bank warned recovery will be slow.See details
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Hungary sets 6.5-billion-dollar stimulus plan (EARTHtimes.org)on Nov 13, 2008 via YahooNews Budapest - Hungary plans a 1.4-trillion-forint (6.5-billion-dollar) stimulus package to boost its ailing economy, the government said Thursday, after international lenders last month staved off the ex-communist nation's financial collapse. The propos...See details
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(AFX UK Focus) 2008-11-13 11:41 Hungarian rates policy should help crisis relief-PM (Interactive Investor)on Nov 13, 2008 via YahooNews BUDAPEST, Nov 13 (Reuters) - Hungary's central bank should assist the government's economic relief efforts through a new interest rate policy, Prime Minister Ferenc Gyurcsany said on Thursday. "It is highly important that the National Bank of Hungary understand that in this situation the otherwise very justifiable monetary policy of inflation targeting has been placed into a new framework amid ...See details
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Hungarian Government Urges $6.5 Billion Economic Stimulus Plan (Bloomberg)on Nov 13, 2008 via YahooNews Nov. 13 (Bloomberg) -- Hungary's government has proposed a stimulus plan worth 1.4 trillion forint ($6.5 billion) over the next two years to prop up the economy that is headed for a recession for the first time in 15 years.See details
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Hungary's Growth Probably Slowed in Third Quarter, Survey Shows (Bloomberg)on Nov 13, 2008 via YahooNews Nov. 13 (Bloomberg) -- Hungary's economic growth rate probably slowed in the third quarter as the global financial crisis engulfed the country, dragging it toward its first recession in 15 years.See details
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Hungarian forint weakens further to two-week low EUR/HUF 270.39 in poorglobal sentiment (Interfax)on Nov 12, 2008 via YahooNews BUDAPEST. NOVEMBER 12. INTERFAX CENTRAL EUROPE - The Hungarian forint continued to lose ground against major currencies on Wednesday, weakening in tandem with other regional currencies amid poor global market sentiment.See details
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