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Retail rental: Hong Kong costliest, Budapest “bottomed out” 27 Aug 2013 | 07:00 pm
US-based real estate services provider/investement firm CBRE Group released a report yesterday on international retail rental rates, with Hong Kong coming out far on top; meanwhile, Budapest's decreas...
KSH: Unemployment down to 10.1% 27 Aug 2013 | 05:30 pm
From the Central Statistics Office (KSH) today came a quarterly report on unemployment, with top news certainly the overall decrease in unemployment to 10.1%...
MNB key rate drops to 3.80% 27 Aug 2013 | 05:30 pm
The MNB announced its key interest rate today, with the new rate 3.80%; though this was presented as “slowing the pace of the year-long easing cycle,” the 0.20% cut was nevertheless higher than the 0....
BOP launches Bitcoin-based BopShop in Berlin 27 Aug 2013 | 04:00 pm
Hungary-based bitcoin exchange technology specialists Bits of Proof launched its merchant-ready BopShop solution at Berlin's Bitcoin Exchange Berlin market event, further growth for the forward-lookin...
By way of power 27 Aug 2013 | 01:35 pm
There has been much talk lately of the perceived decline of the United States as a world power, and of the rise of China. But the soothsayers should take a closer look at the omens, because the signs ...
Bayern LB turns H1 profit despite big MKB losses 27 Aug 2013 | 01:30 pm
Germany-based parent company Bayern LB released figures for performance of its Hungary-based MKB Bank in the first half of 2013 which showed the institution losing €108 million, due to “the ongoing di...
PSzÁF: 74% of foreclosed property for sale in Q3 27 Aug 2013 | 11:30 am
Just under 3,900 foreclosed residential properties will be put on the market by financial institutions in the third quarter of 2013; the figure represents about 74% of the designated quota for such sa...
Sólyom Airways to hock grocery items 26 Aug 2013 | 06:00 pm
The Sólyom Hungarian Airways will reportedly be flying the skies with full commercial-travel services this coming autumn, but before then the trademark falcon logo will be landing in Tesco, Reál and C...
KSH: retail sales down 0.4% in June 26 Aug 2013 | 04:30 pm
The Central Statistics Office (KSH) reported that, after a second analysis of data, retail sales were down 0.4% year-on-year from June, after a 2.2% increase y.o.y. for May...
Bank wars: OTSz vs. charter; Fidesz vs. forex loaners 26 Aug 2013 | 04:00 pm
Two stories from Hungary's increasingly beleaguered banking industry: OTSz extremely begrudgingly recommends saving cooperatives vote "yea" on a new charter for the subsector, Fidesz wants banks who o...
