Section: Budapest Business Journal (Hungary)
Report: Hungary and Greece sign up to Russian gas pipeline
Hungary and Greece have endorsed plans to build a new Russian gas pipeline in the latest blow to EU unity over the Ukraine crisis, wrote EUobserver. …read more Source: Budapest Business...
Masterplast’s earnings fall on Ukraine write-off
Hungarian building materials maker Masterplast’s net income decreased by 34%, down to €786,000, last year, an earnings report published late yesterday reveals. …read more Source: Budapest Business...
Kiev’s failure to pay gas bill could cost EU its supply
Ukraine has two days to pay the bills before Russia cuts off its gas supplies. This of course “creates serious risks for the transit to Europe”, Gazprom CEO Alexey Miller said, according to Russian news portal rt.com. The statement came after Ukrainian state energy company Naftogaz accused Gazprom of failing to deliver gas that Kiev had paid for...
Hungarian gas deliveries to Ukraine climb 15%
Gas deliveries to Ukraine via Hungary have increased by 15% to 5.9 mln cubic meters per day, Ukraine’s gas transmission system operator Ukrtransgaz announced on Monday, according to Hungarian news agency MTI. …read more Source: Budapest Business...
Ukraine expects 10% more gas through Hungary
Ukraine expects daily gas flow through Hungary to grow 10% to 5.5 million cubic meters from today, Maxim Belyavsky, public relations officer of Ukrainian gas distributor Ukrtransgas, told Russian news agency Ria Novosty yesterday. …read more Source: Budapest Business...
BUX up on Ukraine hopes
The Budapest Stock Exchange’s main BUX index finished up 2.08% at 18,113.16 Thursday, a near five-month high, after losing 1.10% Wednesday. It is up 8.89% from year-end, after losing 10.40% last year. …read more Source: Budapest Business...
Forint up on Ukraine cease-fire news
The forint was trading at 306.05 to the euro late Thursday on the interbank forex market, up from 309.26 late Wednesday. At 309.06 to the euro early Thursday, the forint moved between 305.92, a four-day high, and 309.73. It reached a near three-month high at 303.76 last Friday. …read more Source: Budapest Business...
Hungarian gas deliveries to Ukraine rise 38%
Hungary’s export of gas to Ukraine has grown by 38% to 3.7 million cubic meters since last January, Ukraine’s gas transmission system operator Ukrtransgaz reported on its website today. …read more Source: Budapest Business...
Official: Russia may lift food embargo in 6 months
Russia is considering lifting the ban on agricultural imports from Hungary and six other countries, and trade could resume within six months, according to reports. Russia announced the ban on farm imports from Europe last year, not long after the EU announced that Russia would face economic sanctions because of the Ukraine conflict. …read...
Putin to meet Orbán on February 17
Russia’s President Vladimir Putin will pay a “working visit” to Hungary on February 17 to discuss bilateral political and economic relations, energy security issues and the Ukrainian armed conflict, among other topics, with Hungary’s Prime Minister Viktor Orbán, Foreign Minister Péter Szijjártó said this morning on a public radio...
