NewsLetter

Banking sector sees 27% profit growth in H1 despite stagnant interest margins

Hungary's banking sector recorded profit growth of 27% in the first half of 2005, and saw profits climb 16% in the second quarter alone over the same period last year, financial authority PSZAF said in its quarterly report.

Pickup in new orders boosts PMI by 1.6 pp on the month in September

Hungary's Purchasing Manager Index (PMI) was up 1.6 pp on the month in September, according to figures released by the Hungarian Association of Logistics, Purchasing and Inventory Management (MLBKT).

Budapest most livable city in CEE, says EIU

Budapest is the most livable city in the central and eastern European region, edging out regional rivals Prague, Bratislava and Warsaw, according to a survey by the Economic Intelligence Unit (EIU).

Budapest Bank's corporate division sharpens focus on SMEs - lending up 20%

Budapest Bank (BB), the Hungarian subsidiary of the GE Money Bank Group, recorded 20% growth in lending to small and medium-sized enterprises in the first nine months of 2005, and plans to tighten its grip on the SME segment by launching new products in the coming period, company officials said.