United Kingdom

Gergely Szakacs

Exit from mainstream looms after Orban rejects EU conservative

06 May 2019

BUDAPEST/BERLIN The leader of Germany's conservatives said she expected Hungarian Prime Minister Viktor Orban's Fidesz party would quit Europe's main centre-right group after he withdrew support for the bloc's candidate to head the European Commission.

UPDATE 2-Hungary leaves rates unchanged, defying higher prices

30 Apr 2019

BUDAPEST, April 30 The National Bank of Hungary left interest rates unchanged and reiterated its accommodative policy stance on Tuesday although economists project a slow increase in official rates this year and next because of strong domestic inflation.

Hungary would benefit from a new domestic banking group, MKB chief says

26 Apr 2019

BUDAPEST Hungary would benefit from having another major domestic bank, the head of MKB Bank said on Friday, without shedding light on whether MKB would bid for Budapest Bank, which was put up for sale this year.

At $40,000 a bottle, Tokaj winemaker aims to revive royal heritage

18 Apr 2019

MAD, Hungary A Hungarian winemaker in the Tokaj region known for its golden dessert wine is selling a vintage for $40,000 a bottle, hoping to revive the royal heritage of a wine revered by kings and connoisseurs. | Video

Hungary prepares rate fixing plan for $3.16 bln mortgage stock

10 Apr 2019

* Aims to mitigate risks of interest rate changes for borrowers

Hungarians let off steam in 'silly walk' parade

02 Apr 2019

BUDAPEST Hundreds of Hungarians marched through central Budapest in a "silly walk" parade on Monday, copying flamboyant moves from British comedy group Monty Python's famous television sketch to mark April Fools' Day. | Video

UPDATE 3-Hungarian rate setter sees both loosening and tightening as options

28 Mar 2019

BUDAPEST, March 28 Balanced risks to Hungary's inflation outlook mean monetary loosening and tightening are both options as the central bank's next step, Deputy Governor Marton Nagy said on Thursday, just two days after a limited tightening move.

UPDATE 2-Market went too far in pricing Hungary rate hikes -cbanker

28 Mar 2019

BUDAPEST, March 28 Financial markets were pricing in more rate hikes than justified, Hungarian central bank Deputy Governor Marton Nagy said on Thursday after a limited tightening move by the bank earlier this week sent the forint to two-month-lows against the euro.

UPDATE 4-Hungary lifts deposit rate in "one-off" tightening move

26 Mar 2019

* C.bank raises overnight deposit rate by 10 bps to -0.05 pct

Hungarians protest against PM Orban's academic overhaul

21 Mar 2019

BUDAPEST Around 1,000 people rallied outside the Hungarian Academy of Science (HAS) on Thursday to protest against government moves to overhaul the institution, which scientists say is the latest threat to academic independence.

World News

India's Modi stuns opposition with huge election win

Indian Prime Minister Narendra Modi scored a dramatic election victory on Thursday, putting his Hindu nationalist party on course to increase its majority on a mandate of business-friendly policies and a tough stand on national security.