HungaryTrends – The previous week in business and finance

See below main business and financial news from the previous week:

REAL ESTATE: LUXURY HOMES IN BUDAPEST

Luxury homes and apartments constitute only a minimal percentage of the whole real estate market in Hungary, yet, business is booming, and there are more foreign investors than ever. The starting price of luxury apartments in Budapest is EUR 4880/m2, but it can go as high as EUR 9600/m2. Read more HERE.

7 MILLION BOTTLES OF HUNGARIAN WINE SPREAD THROUGH EUROPE BY A MULTINATIONAL BUSINESS

As it was revealed at Lidl Wine Expo Hungary, a German supermarket chain significantly contributed to the further popularisation of the world-famous Hungarian wine culture: it sold almost 15 million bottles of Hungarian wine last year. About half of this amount was exported beyond Hungary’s borders. Királyleányka, Tokaji Furmint and Szürkebarát have proven to be the most popular among the market chain’s customers. Read more HERE.

HUNGARY ISSUES JPY 30 BN SAMURAI BOND

Hungary’s Government Debt Management Agency issued a three-year JPY 30 billion samurai bond. The bond carries a 0.37 percent coupon but has a yield under 0.6 percent after conversion into euros.

MOL BOARD PROPOSES HUF 127.5-PER-SHARE DIVIDEND

The board of Hungarian oil and gas company MOL proposed payment of a 127.5 forint per share dividend on last year’s earnings. The proposed dividend includes a 50 percent top-up from free cash flow.