Hungary’s gross central government debt stood at HUF 22.84tn (EUR 73.45bn) as of end-January 2014, up by 3.6% on the month, data from the state debt manager AKK showed.
Foreign currency-denominated debt increased by 4.9% m/m to HUF 9.34tn mainly due to a 5% m/m rise in the stock of issued government securities. In particular, the FX bonds issued on the domestic market advanced by 77.1% m/m to HUF 766bn. On the other hand, securities issued aboard edged down by 0.5% m/m to HUF 5.71tn. The stock of loans increased by 4.7% m/m to HUF 2.86tn supported by an increase in both foreign and domestic loans.
The forint-denominated debt registered a 3.2% m/m rise to HUF 13.39tn at end-January. The stock of issued government securities increased by 3.4% m/m to HUF 12.79tn. Within the later category, the stock of discount T-bills jumped 12.5% m/m, the stock of bonds was up by 1.3% m/m and retail securities rose by 3.9% m/m. By contrast, loans edged down by 0.3% m/m to HUF 602bn.
The FX debt accounted for 40.9% of the total debt as of end-January, which was up by 0.4pps in monthly comparison.
Hungary is ready to strike a "fair deal to end the poisonous dispute" surrounding MOL and Croatian energy company INA, Hungarian PM Viktor Orban said after he met his Croatian counterpart Andrej ... more
The Hungarian government will join the China-Central and Eastern Europe Investment Cooperation Fund, a private equity fund organised by the Export-Import Bank of China, by investing €50mn, ... more
The Monetary Council of the Magyar Nemzeti Bank announced new monetary policy measures at its November 21st meeting, while keeping the base rate and the overnight rates unchanged, as expected. ... more