Business, finance, investment and politics in the emerging market of Hungary from an Austrian, Central, Eastern European perspective
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Analysis: Hungarian Deal with Russia Gives Hungary Enough Gas for 3-5 Years

Gas that Hungary can requisition from Russia under an agreement reached recently will be enough to last 3-5 years, Minister of Foreign Affairs and Trade Peter Szijjarto said on public television.

February 27, 2015

Baumax: KSV Credit Rating Unchanged since September

In spite of the sale of its Bulgarian unit and the announced exit from Hungary Baumax’ KSV rating has hardly changed since September 2014.

February 18, 2015

RBI Expects Profits in Hungary in 2016

Raiffeisen Bank International expects that thanks to reduction of bank tax, it will return to profits in Hungary in 2016. Smaller taxes could be a "big improvement” for the financial sector, the head of Raiffeisen's Hungarian operations Heinz Wiedner said on Thursday.

February 12, 2015

List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria

The FriedlNews table below is an updated list of National Days of all nations, which belong to at least one of following categories: Foreign Missions and Delegations in Vienna, Austria; Diplomatic Corps and other representations in Austria; International Organizations in Vienna and Permanent Missions; Missions and Delegations to the OSCE.

February 11, 2015

UniCredit Private Banking Receives Euromoney Awards

UniCredit Private Banking has been recognized for its services, winning 14 awards in different regional and local categories in Euromoney magazine´s Private Banking Survey 2015.

February 10, 2015

Erste Group Seales Agreement to Sale 15 Percent of Hungarian Unit

Erste Group has invited the Government of Hungary and the EBRD to invest in Erste Bank Hungary Zrt. by acquiring a minority stake of up to 15 per cent each. Negotiations are in progress and the completion of the transaction is expected within the next six months.

February 9, 2015

Austrian Banks Lost More Than They Earned in Hungary

Erste Group’s decision to sell part of its Hungarian arm to Hungary and the EBRD came as a surprise to market experts, because rumours focused mostly on Raiffeisen Bank International recently. Raiffeisen was rumoured to mull the sale of its Hungarian arm, but the plans have been put on ice for the moment being.

February 9, 2015

Erste Group to Sell Part of Hungarian Unit to Orban Government and EBRD

Citing Reuters news agency the Hungarian portal reported in the morning that Austria’s listed bank Erste Group plans to sell part of its Hungarian business. Hungary and the EBRD are to take over part of the Hungarian subsidiary via a capital hike.

February 9, 2015

Hungarian Olympic Committee to Propose Hungary Bid for 2024 Games

The Hungarian Olympic Committee general assembly decided on Friday to propose to the country and Budapest an assessment of a possible bid to host the 2024 Olympic Games and Paralympics.

February 6, 2015

Austria is Celebrating 60 Years of United Nations Membership in 2015

Austria became a member of the United Nations in 1955 and is celebrating 60 years of UN membership in 2015. 70 years ago, the United Nations were founded in San Francisco.

February 5, 2015