Marton Kasnyik

2 weeks ago | news.bloombergtax.com | Zoltan Simon |Marton Kasnyik

Hungary plans to privatize prime defense assets belonging to a state-owned holding company, handing another slice of the economy to a company backed by Prime Minister Viktor Orban. Shares in 4iG Nyrt., which has amassed a wide array of holdings under the nationalist leader’s rule, jumped after the announcement that it would absorb stakes from Hungary’s N7 military holding. These include ownership in local units of defense firms such as Rheinmetall AG and Airbus Helicopters.

2 weeks ago | news.bloomberglaw.com | Zoltan Simon |Marton Kasnyik

Hungary plans to privatize prime defense assets belonging to a state-owned holding company, handing another slice of the economy to a company backed by Prime Minister Viktor Orban. Shares in 4iG Nyrt., which has amassed a wide array of holdings under the nationalist leader’s rule, jumped after the announcement that it would absorb stakes from Hungary’s N7 military holding. These include ownership in local units of defense firms such as Rheinmetall AG and Airbus Helicopters.

2 weeks ago | bloomberg.com | Zoltan Simon |Marton Kasnyik

4iG Nyrt headquarters in Budapest, Hungary. (Bloomberg) -- Hungary plans to privatize prime defense assets belonging to a state-owned holding company, handing another slice of the economy to a company backed by Prime Minister Viktor Orban. Shares in 4iG Nyrt., which has amassed a wide array of holdings under the nationalist leader’s rule, jumped after the announcement that it would absorb stakes from Hungary’s N7 military holding.

1 month ago | bloomberg.com | Marton Kasnyik |Zoltan Simon

Mihaly Varga(Bloomberg) -- Hungary’s central bank kept interest rates unchanged as expected, with policymakers focused on curbing still-high inflation expectations despite improving headline price data and a shrinking economy. The National Bank of Hungary held its benchmark rate steady at 6.5% for an eighth month on Tuesday, matching the estimate of all 19 economists in a Bloomberg poll. The key interest rate is tied with Romania’s for the highest in the European Union.

1 month ago | bloomberg.com | Marton Kasnyik |Max Ramsay

A demonstrator holds a rainbow flag as participants protest against the policy of Hungary's Prime Minister Viktor Orban in front of the parliament building in Budapest, Hungary, on May 1. (Bloomberg) -- European Union member states demanded that Hungary reverse its most recent anti-LGBTQ legislation, and called on the bloc’s executive to take action if Prime Minister Viktor Orban’s government fails to do so.