• 04 May 2024

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26 result(s) for accept in Finance

EC to Withhold Euro 20 Billion from Hungary - Until it

EC to Withhold Euro 20 Billion from Hungary - Until it "Fulfils All Requirements"

While Hungary has fulfilled requirements on judicial reform, the EU will continue to withhold some 20 billion euros of cohesion funds until other concerns are addressed, Ursula von der Leyen, the European Commission president said.
Major Bank in Hungary Now Offers Free Currency Conversion Between Accounts

Major Bank in Hungary Now Offers Free Currency Conversion Between Accounts

Erste Bank is offering commission-free foreign-currency conversion between bank accounts at the rates of the interbank market from July 1, the bank announced.
Low-Cost Bank Accounts Coming Soon in Hungary

Low-Cost Bank Accounts Coming Soon in Hungary

Low-cost, “basic” bank accounts, with a monthly fee of Ft 1,000 will be available from July 1, as defined by a government decree, the MNB affirmed.
Economic Growth Expected to Continue in Hungary

Economic Growth Expected to Continue in Hungary

The government expects economic growth to continue in the next twelve to eighteen months, exceeding 4% in 2024, while state debt and government budget deficit will fall, Finance Minister Mihály Varga said at an event of the Chamber of Commerce and Industry.
Watch: EC Says Reforms by Hungary Not Enough to Get All Withheld EU Funds

Watch: EC Says Reforms by Hungary Not Enough to Get All Withheld EU Funds

The European Commission believes the reforms undertaken by Budapest so far to ensure EU money is not misused did not go far enough.
EC Proposes Suspending 65% of Cohesion Funds To Hungary

EC Proposes Suspending 65% of Cohesion Funds To Hungary

The European Commission has proposed suspending a part of the EU funds allocated to Hungary over concerns about their mismanagement. Johannes Hahn, the Commissioner for Budget and Administration, told a press conference on Sunday that the EC was proposing to the European Council a suspension of 65% of cohesion funds due to Hungary, amounting to an estimated 7.5 billion euros.
Double Taxation Avoidance Agreement with Hungary Terminated by US, Says Szijjártó

Double Taxation Avoidance Agreement with Hungary Terminated by US, Says Szijjártó

The United States has terminated its double taxation avoidance agreement with Hungary signed 43 years ago, Péter Szijjártó, the minister of foreign affairs and trade, said on Saturday.
Forint Strengthens After Rate Hike

Forint Strengthens After Rate Hike

The forint started to weaken on Thursday morning after the MNB raised its one-week deposit facility interest rate by 200 basis points, then firmed later when verbal interventions helped the Hungarian currency.
Hungarian Opinion: National Bank Springs Sharp Base Rate Surprise

Hungarian Opinion: National Bank Springs Sharp Base Rate Surprise

Analysts describe the biggest rate increase by the National Bank for 14 years as shocking but laudable – and predict further increases until September.
EC to Withhold Euro 20 Billion from Hungary - Until it

EC to Withhold Euro 20 Billion from Hungary - Until it "Fulfils All Requirements"

While Hungary has fulfilled requirements on judicial reform, the EU will continue to withhold some 20 billion euros of cohesion funds until other concerns are addressed, Ursula von der Leyen, the European Commission president said.
Major Bank in Hungary Now Offers Free Currency Conversion Between Accounts

Major Bank in Hungary Now Offers Free Currency Conversion Between Accounts

Erste Bank is offering commission-free foreign-currency conversion between bank accounts at the rates of the interbank market from July 1, the bank announced.
Low-Cost Bank Accounts Coming Soon in Hungary

Low-Cost Bank Accounts Coming Soon in Hungary

Low-cost, “basic” bank accounts, with a monthly fee of Ft 1,000 will be available from July 1, as defined by a government decree, the MNB affirmed.
Economic Growth Expected to Continue in Hungary

Economic Growth Expected to Continue in Hungary

The government expects economic growth to continue in the next twelve to eighteen months, exceeding 4% in 2024, while state debt and government budget deficit will fall, Finance Minister Mihály Varga said at an event of the Chamber of Commerce and Industry.
Watch: EC Says Reforms by Hungary Not Enough to Get All Withheld EU Funds

Watch: EC Says Reforms by Hungary Not Enough to Get All Withheld EU Funds

The European Commission believes the reforms undertaken by Budapest so far to ensure EU money is not misused did not go far enough.
EC Proposes Suspending 65% of Cohesion Funds To Hungary

EC Proposes Suspending 65% of Cohesion Funds To Hungary

The European Commission has proposed suspending a part of the EU funds allocated to Hungary over concerns about their mismanagement. Johannes Hahn, the Commissioner for Budget and Administration, told a press conference on Sunday that the EC was proposing to the European Council a suspension of 65% of cohesion funds due to Hungary, amounting to an estimated 7.5 billion euros.
Double Taxation Avoidance Agreement with Hungary Terminated by US, Says Szijjártó

Double Taxation Avoidance Agreement with Hungary Terminated by US, Says Szijjártó

The United States has terminated its double taxation avoidance agreement with Hungary signed 43 years ago, Péter Szijjártó, the minister of foreign affairs and trade, said on Saturday.
Forint Strengthens After Rate Hike

Forint Strengthens After Rate Hike

The forint started to weaken on Thursday morning after the MNB raised its one-week deposit facility interest rate by 200 basis points, then firmed later when verbal interventions helped the Hungarian currency.
Hungarian Opinion: National Bank Springs Sharp Base Rate Surprise

Hungarian Opinion: National Bank Springs Sharp Base Rate Surprise

Analysts describe the biggest rate increase by the National Bank for 14 years as shocking but laudable – and predict further increases until September.