Zoltan Simon

1 week ago | bloomberg.com | Zoltan Simon

The entrance to the National Bank of Hungary in Budapest. (Bloomberg) -- Zoltan Kurali, who joined the National Bank of Hungary last month, has become the central bank’s most influential vice governor after a shakeup in management roles. Kurali, a longtime Deutsche Bank executive who previously headed Hungary’s Debt Management Agency, is now in charge of monetary policy, financial stability and foreign-currency reserves management, according to the central bank’s website.

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

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

Gedeon Richter, Hungary’s biggest drugmaker, is looking to boost its women’s health-care portfolio via acquisitions as its top medicine ages. The company is looking for innovative products in fertility, endometriosis, contraception and hormonal therapy, among others. Targets could be outside Europe to fulfill “global ambitions,” Chief Executive Officer Gabor Orban told Bloomberg News in an interview.

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

Hungary’s central bank pledged not to cut interest rates any time soon due to the potential side-effects from the ongoing global trade war. Hungary needs a “cautious and patient” monetary policy because the tariff conflict poses upside risks to inflation and is a source of financial-market volatility, particularly on emerging markets, Governor Mihaly Varga told reporters on Tuesday.

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

Mihaly Varga(Bloomberg) -- Hungary’s central bank pledged not to cut interest rates any time soon due to the potential side-effects from the ongoing global trade war. Hungary needs a “cautious and patient” monetary policy because the tariff conflict poses upside risks to inflation and is a source of financial-market volatility, particularly on emerging markets, Governor Mihaly Varga told reporters on Tuesday.