United Kingdom

Gergely Szakacs

After 'kitchen sink' years, Hungary inches toward normalizing monetary policy

15 Jan 2019

BUDAPEST After years of policy measures to stimulate lending and cut borrowing costs, Hungary's central bank is nearing a watershed moment as inflation nudges toward its highest in a decade.

Hungary's Orban pitches anti-migrant bloc against France and Germany

10 Jan 2019

BUDAPEST Hungarian Prime Minister Viktor Orban on Thursday endorsed fellow anti-immigrant European governments and criticised France and Germany in blunt terms, saying he "must fight" French President Emmanuel Macron.

UPDATE 2-Hungary PM won't say if he'll re-nominate central bank head

10 Jan 2019

* Orban's remarks leave door open on eventual pick -analyst (Adds detail, analyst comment)

Thousands of Hungarians join latest rally against Orban's reforms

21 Dec 2018

BUDAPEST Thousands of Hungarians marched to the presidential palace late on Friday to protest against reforms to the labour code as a rally led by spoof political party MKKP merged with a subsequent demonstration staged by opposition groups.

SocGen agrees to sell Serbian unit to Hungary's OTP Bank

20 Dec 2018

PARIS/BUDAPEST French bank Societe Generale has agreed to sell its bank in Serbia to Hungary's OTP Bank , as SocGen continues its retreat from parts of eastern Europe while OTP gradually increases its presence in the region.

Hungary protests spark opposition coalition - but will it last?

18 Dec 2018

BUDAPEST Week-long protests in Budapest have forged fragmented opposition parties into a rare coalition against Viktor Orban, drawing young Hungarians into the streets to demonstrate against what they see as his increasingly authoritarian rule.

UPDATE 2-Hungary keeps rates unchanged, shifts to more hawkish language

18 Dec 2018

BUDAPEST, Dec 18 Hungary's central bank left interest rates unchanged at record lows on Tuesday but shifted to a more hawkish tone in its comments, flagging a rise in core inflation in 2019 and dropping references to loose monetary conditions.

Hungarians protest at state TV to demand independent public media, courts

17 Dec 2018

BUDAPEST About 2,000 Hungarians protested at the state television building to demand independent public media and courts on Monday in the latest gathering uniting a fragmented opposition in action against right-wing Prime Minister Viktor Orban.

Hungary's Orban exempts pro-government media group from scrutiny

06 Dec 2018

BUDAPEST Hungarian Prime Minister Viktor Orban has exempted a mammoth pro-government media group from scrutiny by the national competition watchdog, according to a decree published late on Wednesday.

Hungary's MKB expects profits to slip in 2019 as it readies bourse listing -CEO

28 Nov 2018

* Sees profit at about HUF 20 bln next year vs 25-30 bln in 2018

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