HungaryTrends – The most importans business news from the previous week

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

HUNGARY ISSUES EUR 1BN EUROBOND WITH 1.25 PC COUPON

Hungary issued a 1 billion euro seven-year eurobond with a 1.25 percent coupon. The interest is the lowest of any eurobond Hungary has ever issued, the Government Debt Management Agency (AKK) noted. Oversubscription was close to fourfold.

WING COMPLETES HUF 50BN MTEL HEADQUARTERS

Property developer Wing announced the completion of the 50 billion forint (EUR 154.5m) headquarters of Magyar Telekom and T-Systems. Magyar Telekom has signed a 15-year lease for the building, located at the junction of two of the capital’s busiest thoroughfares. More than 4,000 people will work in the new headquarters which has a gross area of 105,000sqm.

GYERMELYI INAUGURATES HUF 7.2 BN PASTA PLANT

Hungarian pasta maker Gyermelyi inaugurated a 7.2 billion forint pasta plant in Gyermely, central Hungary, doubling annual capacity to 70,000 tonnes. The investment was supported by a 2.4 billion forint government grant awarded to big companies ineligible for European Union funding.

AIRBNB HOMESTAYS IN BUDAPEST UP 35 PC IN 2017

Guest nights at Airbnb properties rose by 35 percent to almost 1.5 million last year, Colliers International said. Fully 69 percent of those guest nights were at homes in downtown Budapest, read more HERE.

HUNGARY JOBLESS RATE REACHES 3.7 PC

Hungary’s rolling average three-month jobless rate reached 3.7 percent in August, edging up from 3.6 percent in the previous month, but falling from 4.2 percent in the same period a year earlier, the Central Statistical Office (KSH) said. The rate covers unemployment among those between the ages of 15 and 74, read more HERE.