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Zwack Unicum Profit Falls on Higher Costs

After-tax profit of Zwack Unicum fell 37% to HUF 1.3 billion in the first half of its business year which started on April 1 on a "drastic increase" in feedstock prices, the spirits maker said in an earnings report released on Thursday. ....

Andocs Shutterstock , Zwack Unicum , Unicum Profit Falls , Budapest Business Journal ,

MNB Int'l Reserves Rise EUR 48 mln in September

International reserves of the National Bank of Hungary (MNB) stood at EUR 39.662 billion at the end of September, up EUR 48 mln from a month earlier, data published by the central bank on Friday show. ....

Andocs Shutterstock , Government Debt Management Agency , National Bank , Reserves Rise , Budapest Business Journal ,

MNB Int'l Reserves Fall EUR 351 mln in August

International reserves of the National Bank of Hungary (MNB) stood at EUR 39.613 billion at the end of August, down EUR 351 million from a month earlier, state news wire MTI reports, citing data published by the central bank on Thursday. ....

Andocs Shutterstock , National Bank , Reserves Fall , Budapest Business Journal ,

Watchdog Fines Fund Managers for Remuneration Policies

The National Bank of Hungary (MNB) on Tuesday said it fined fund managers Hold and Adalfa for remuneration policies that may have incentivized staff to take "excessive risks", according to a report by state news wire MTI. ....

Andocs Shutterstock , Watchdog Fines Fund Managers For Remuneration Policies , National Bank , Fines Fund Managers , Budapest Business Journal ,

MNB Fines Interactive Brokers Central Europe HUF 19 mlnÂ

The National Bank of Hungary (MNB) on Thursday said it fined Interactive Brokers Central Europe HUF 19 mln over shortcomings affecting customer due diligence, complaint management, IT, the prevention of money laundering, outsourcing, and the right to dispose over the company's accounts, according to a report by state news wire MTI. ....

Andocs Shutterstock , National Bank , Interactive Brokers Central Europe , Interactive Brokers , Budapest Business Journal ,