Hungary's state debt manager AKK sold HUF 60bn (EUR 210.8mn) in 12-month treasury bills at an auction on August 30, raising the initial offer by HUF 15bn on strong demand, AKK informed. Investors bids totalled HUF 150bn ensuring more than a three-fold coverage. The average yield stood at 6.793%, by 15bps below the yield at the previous tender held a couple of weeks ago and 1bpt under the secondary benchmark fixing. The range of yields winded and varied between 6.71% and 6.82%. |
Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more