76 result(s) for 20 august in Business
RTL Group Books Euro 77m Impairment On Hungary Unit
- 6 Mar 2015 8:00 AM
- business
RTL Group recorded 77 million euros of goodwill impairment at its Hungarian unit last year in an earnings report on the back of the “punitive” ad tax that came into effect in August 2014. RTL Hungary had negative EBITDA of 1 million euros last year, compared with a positive 15 million in 2013.
Hungary Repaid EUR 2bn To European Union
- 10 Nov 2014 8:00 AM
- business
An instalment of EUR 2bn, agreed upon in the loan agreement Hungary concluded with the European Commission in the autumn of 2008, was transferred at the end of October 2014 to the account of the European Union. Due to technical accounting issues, Hungary’s state debt is lower as of today.
Hungary Beset By Growing Regional Differences
- 24 Oct 2014 9:00 AM
- business
The gap between the fast-growing and sluggish regions of Hungary is widening, we learn from a new study on the status of the country's various districts. Budapest and the northwest regions are head and shoulders above the rest, in particular the northeast and the disadvantaged areas along the Dráva River in the southwest corner of the country.
Hungary’s OTP Considers Polish Acquisition
- 9 Oct 2014 9:00 AM
- business
OTP has set its sights on FM Bank, one of the smallest banks in Poland, whose owner may be forced to sell it, according to local media. Abris Capital Partners bought the bank from WestLB, with plans to list it on the stock market, but that attempt failed after the Polish regulator instructed the company to sell its stake.
RTL Pays Over 1 Billion Hungarian Forints In Ad Tax
- 29 Aug 2014 9:00 AM
- business
Commercial broadcaster RTL group has paid a total 1.05 billion forints (EUR 3.4m) in advertisement tax to the central budget, said business daily Világgazdaság. The total includes 845.7 million forints paid by television channel RTL Klub alone, the paper said, citing the broadcaster’s data.
Hungarian Banks Disburse HUF 238.7bn In Funding For Growth Scheme
- 6 Aug 2014 9:00 AM
- business
Up to the end of last week, credit institutions participating in the second phase of the Funding for Growth scheme of the National Bank of Hungary concluded contracts for a total amount of 295.2 billion forints in 9,842 transactions with 7,290 enterprises, up from 223.4 billion forints for 5,834 businesses by the end of June, the central bank said on Tuesday.
National Bank Of Hungary: Another 10bp Rate-Cut Seen Likely
- 25 Jun 2014 9:00 AM
- business
Rate setters of the (NBH) are all but certain to slash the base rate by another 10 basis points at their next meeting, and the economy’s inflation indicators and external risk environment provides scope for more easing, London-based analysts said ahead of Tuesday’s rate-setting meeting. The expected 10-basis-point cut would bring the rate to 2.3%.
Hungary To Tap 100% Of EU Funding
- 10 Mar 2014 4:00 AM
- business
The government undertook 9,000 billion forints (EUR 29.1bn) worth of European Union funding for the 2007-2013 period, 10% more than the framework allocation, Nándor Csepreghy, the deputy state secretary in charge of development policy communications, said on Monday.
Hungarians Hoard Cash To Avoid Taxes
- 6 Mar 2014 8:00 AM
- business
Hungarians kept a record amount of cash at the end of last year, which analysts say is likely to be linked to the avoidance of the bank transaction fee and other types of tax, business daily Világgazdaság said. According to preliminary data from the central bank of Hungary, cash holdings came to 2.6 trillion forints (EUR 8.4bn) at the end of 2013, up 11% on 2012.
RTL Group Books Euro 77m Impairment On Hungary Unit
- 6 Mar 2015 8:00 AM
- business
RTL Group recorded 77 million euros of goodwill impairment at its Hungarian unit last year in an earnings report on the back of the “punitive” ad tax that came into effect in August 2014. RTL Hungary had negative EBITDA of 1 million euros last year, compared with a positive 15 million in 2013.
Hungary Repaid EUR 2bn To European Union
- 10 Nov 2014 8:00 AM
- business
An instalment of EUR 2bn, agreed upon in the loan agreement Hungary concluded with the European Commission in the autumn of 2008, was transferred at the end of October 2014 to the account of the European Union. Due to technical accounting issues, Hungary’s state debt is lower as of today.
Hungary Beset By Growing Regional Differences
- 24 Oct 2014 9:00 AM
- business
The gap between the fast-growing and sluggish regions of Hungary is widening, we learn from a new study on the status of the country's various districts. Budapest and the northwest regions are head and shoulders above the rest, in particular the northeast and the disadvantaged areas along the Dráva River in the southwest corner of the country.
Hungary’s OTP Considers Polish Acquisition
- 9 Oct 2014 9:00 AM
- business
OTP has set its sights on FM Bank, one of the smallest banks in Poland, whose owner may be forced to sell it, according to local media. Abris Capital Partners bought the bank from WestLB, with plans to list it on the stock market, but that attempt failed after the Polish regulator instructed the company to sell its stake.
RTL Pays Over 1 Billion Hungarian Forints In Ad Tax
- 29 Aug 2014 9:00 AM
- business
Commercial broadcaster RTL group has paid a total 1.05 billion forints (EUR 3.4m) in advertisement tax to the central budget, said business daily Világgazdaság. The total includes 845.7 million forints paid by television channel RTL Klub alone, the paper said, citing the broadcaster’s data.
Hungarian Banks Disburse HUF 238.7bn In Funding For Growth Scheme
- 6 Aug 2014 9:00 AM
- business
Up to the end of last week, credit institutions participating in the second phase of the Funding for Growth scheme of the National Bank of Hungary concluded contracts for a total amount of 295.2 billion forints in 9,842 transactions with 7,290 enterprises, up from 223.4 billion forints for 5,834 businesses by the end of June, the central bank said on Tuesday.
National Bank Of Hungary: Another 10bp Rate-Cut Seen Likely
- 25 Jun 2014 9:00 AM
- business
Rate setters of the (NBH) are all but certain to slash the base rate by another 10 basis points at their next meeting, and the economy’s inflation indicators and external risk environment provides scope for more easing, London-based analysts said ahead of Tuesday’s rate-setting meeting. The expected 10-basis-point cut would bring the rate to 2.3%.
Hungary To Tap 100% Of EU Funding
- 10 Mar 2014 4:00 AM
- business
The government undertook 9,000 billion forints (EUR 29.1bn) worth of European Union funding for the 2007-2013 period, 10% more than the framework allocation, Nándor Csepreghy, the deputy state secretary in charge of development policy communications, said on Monday.
Hungarians Hoard Cash To Avoid Taxes
- 6 Mar 2014 8:00 AM
- business
Hungarians kept a record amount of cash at the end of last year, which analysts say is likely to be linked to the avoidance of the bank transaction fee and other types of tax, business daily Világgazdaság said. According to preliminary data from the central bank of Hungary, cash holdings came to 2.6 trillion forints (EUR 8.4bn) at the end of 2013, up 11% on 2012.