March 8, 2016 | Flash

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On Tuesday, Bloomberg published a story on the Hungarian central bank’s (MNB) actions regarding the forint. It said the bank tends to announce stimulus the stem the forint’s appreciation whenever it gets close to 310 versus the euro. “Hungary is the latest country to enter the global currency war,” Bloomberg said in the article, in which a number of analysts share their views about … Read More

Hungarian Investments Dominated by the State

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Legend:   …….. Public Sector     – – – – –   Private Sector       (Annualized Growth Rates % )

October 30, 2015 | Flash

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#1 Hungarian Sovereign Fund – divests and sells its 5% stake in Posta Bank, the largest commercial Hungarian bank, for a profit exceeding 10 billion HUF (~35.3 mm USD).   #2 German Unemployment Rate dips to a record low in 24 years of 2,7 million unemployed at the end of Oct’2015. In Austria the national rate is over 9.5% while in Vienna,  the capital, … Read More

Poland is Different from Hungary, or is it ?

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On August 5th 2015, the Polish parliament – with a single last minute amendment – decided that banks would assume not just half, but a full 90% of all currency conversion losses associated with CHF-denominated private loans. Such a legislative package was expected in Poland, but everyone was surprised by the last minute amendment. In the mean time, the new legislation has not passed … Read More

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