Finance

OTP Bank Injects EUR 35 Million into Unit in Montenegro

OTP Bank on June 28 said it decided on a EUR 35 million capital raise at its CKB unit in Montenegro.


City Acknowledges Hungary as a ’Top Fiscal Performer’

Hungarian fiscal conditions and economy are “healthy in a regional or even pan-EU context,” according to BNP Paribas in London.


Monetary Council Decides to Leave Central Bank Rate Unchanged

At its meeting on June 21, 2010 the Monetary Council of the Magyar Nemzeti Bank left the 5.25pct central bank base rate unchanged.


Real Earnings Grow 4.7 pct on January–April 2009

Average gross and net earnings in corporations employing at least five persons and in budgetary institutions increased 4.5pct and 10.9pct respectively on the same period of last year.


PRESS MONITOR

International news sources report on Hungarian business, energy and economy.


Monetary Council Leaves Central Bank Base Rate Unchanged

At its meeting on May 31, 2010, the Monetary Council of the Central Bank left the central bank base rate unchanged at 5.25 pct, as expected.


GKI: 1 pct GDP Growth in 2010

According to the forecast of GKI Economic Research Co. following the end of the recession in statistical terms in the first quarter, there will be an approximately 1 pct GDP growth in 2010.


PRESS MONITOR

International news sources report on Hungarian business and banking.


MOL Group’s EBITDA Increased by 30pct in Q1 2010

MOL Group’s EBITDA, excluding special items, increased by 30pct to HUF 130.4 billion in Q1 2010 compared to Q4 2009.


Surplus Liquidity of the Banking Sector Continues to Increase

In April 2010, surplus liquidity of the banking sector continued to increase.


News Monitoring