1,167 result(s) for approve
Raiffeisen Says Hungary Unit Lacks Share Holder Value
- 21 Jan 2015 8:00 AM
- business
Raiffeisen Bank International cannot ignore a lack of profits at its Hungarian operation indefinitely, the Austrian group’s head of corporate business said. The remarks by Peter Lennkh at a Euromoney conference in Vienna came as Raiffeisen reviews its portfolio, potentially resulting in a withdrawal from one or more foreign markets this year.
Hungarian Interests Upheld In GMO Case
- 19 Jan 2015 8:00 AM
- current affairs
On 13 January in the European Parliament, MEPs voted in favour of the legislative amendment that will enable member states to ban the cultivation of genetically modified organisms (GMOs). It is of extremely high strategic importance that Hungarian agriculture remains GMO free, as also stated in the country’s constitution.
HUF 2100 Billion Needs To Be Drawn Down From Brussels This Year By Hungary
- 19 Jan 2015 8:00 AM
- business
János Lázár, who is currently in Brussels, said the fact that Hungary needs to draw down 2100 billion forints (EUR 6.5bn) in European Union funding this year is a significant challenge.
Hungarian Forint Plunges Against Swiss Franc
- 15 Jan 2015 5:04 AM
- business
The forint plunged against the Swiss franc on Thursday morning after the Swiss National Bank said it was discontinuing its minimum exchange rate of 1.20 francs to the euro. The forint traded at 310.34 to the Swiss franc around 11 in the morning from 265.51 about an hour earlier.
Minister, Opposition On Strasbourg Court Ruling Against Hungary
- 14 Jan 2015 8:00 AM
- current affairs
The state of Hungary violated rules protecting private ownership when it stripped a tobacconist of his licence in 2013, the European Court of Human Rights ruled. The case was filed by László Vékony of Sopron, in western Hungary, who lost his licence to sell tobacco products after Hungary decided to make the retail trade of tobacco a state monopoly.
Lenders Weigh Court Defence Of Unilateral Changes To Forint Loan Contracts
- 7 Jan 2015 8:00 AM
- business
OTP Bank and Erste Bank are considering legal recourse regarding the settlement of compensation for unilateral changes to forint loan contracts, and K and H Bank already plans to file a case, the lenders said. The press department of Budapest’s Municipal Court said no cases had been filed so far.
New Rules For Alcohol Excise Tax In Hungary
- 7 Jan 2015 8:00 AM
- business
The Prime Minister’s Office has proposed to reverse all new rules determining the amount of an excise tax bank guarantee paid by alcohol wholesalers after a series of proposals made on the subject. Gergely Gulyás, the ruling Fidesz party’s head of parliament’s legislative committee, said that the excise tax bank guarantee paid by wholesalers on beer, wine, sparkling wine and intermediate ...
BTel Abandoning Hungary's Telecoms Market
- 5 Jan 2015 8:00 AM
- tech
Business Telecom (BTel), which faces liquidity problems and failed to repay a bond expiring in 2014 on time, will gradually leave the telecoms market to concentrate on developing its internet service XPrime through a franchise network, it was decided at an EGM on December 29.
Hungary’s Extraordinary Parlt Session Lacks Quorum
- 29 Dec 2014 8:00 AM
- current affairs
The extraordinary session of parliament convened for Tuesday morning lacked a quorum as most lawmakers of the governing parties stayed away from the event. The session was initiated by the opposition Socialists to discuss proposed changes to the road toll system.
Raiffeisen Says Hungary Unit Lacks Share Holder Value
- 21 Jan 2015 8:00 AM
- business
Raiffeisen Bank International cannot ignore a lack of profits at its Hungarian operation indefinitely, the Austrian group’s head of corporate business said. The remarks by Peter Lennkh at a Euromoney conference in Vienna came as Raiffeisen reviews its portfolio, potentially resulting in a withdrawal from one or more foreign markets this year.
Hungarian Interests Upheld In GMO Case
- 19 Jan 2015 8:00 AM
- current affairs
On 13 January in the European Parliament, MEPs voted in favour of the legislative amendment that will enable member states to ban the cultivation of genetically modified organisms (GMOs). It is of extremely high strategic importance that Hungarian agriculture remains GMO free, as also stated in the country’s constitution.
HUF 2100 Billion Needs To Be Drawn Down From Brussels This Year By Hungary
- 19 Jan 2015 8:00 AM
- business
János Lázár, who is currently in Brussels, said the fact that Hungary needs to draw down 2100 billion forints (EUR 6.5bn) in European Union funding this year is a significant challenge.
Hungarian Forint Plunges Against Swiss Franc
- 15 Jan 2015 5:04 AM
- business
The forint plunged against the Swiss franc on Thursday morning after the Swiss National Bank said it was discontinuing its minimum exchange rate of 1.20 francs to the euro. The forint traded at 310.34 to the Swiss franc around 11 in the morning from 265.51 about an hour earlier.
Minister, Opposition On Strasbourg Court Ruling Against Hungary
- 14 Jan 2015 8:00 AM
- current affairs
The state of Hungary violated rules protecting private ownership when it stripped a tobacconist of his licence in 2013, the European Court of Human Rights ruled. The case was filed by László Vékony of Sopron, in western Hungary, who lost his licence to sell tobacco products after Hungary decided to make the retail trade of tobacco a state monopoly.
Lenders Weigh Court Defence Of Unilateral Changes To Forint Loan Contracts
- 7 Jan 2015 8:00 AM
- business
OTP Bank and Erste Bank are considering legal recourse regarding the settlement of compensation for unilateral changes to forint loan contracts, and K and H Bank already plans to file a case, the lenders said. The press department of Budapest’s Municipal Court said no cases had been filed so far.
New Rules For Alcohol Excise Tax In Hungary
- 7 Jan 2015 8:00 AM
- business
The Prime Minister’s Office has proposed to reverse all new rules determining the amount of an excise tax bank guarantee paid by alcohol wholesalers after a series of proposals made on the subject. Gergely Gulyás, the ruling Fidesz party’s head of parliament’s legislative committee, said that the excise tax bank guarantee paid by wholesalers on beer, wine, sparkling wine and intermediate ...
BTel Abandoning Hungary's Telecoms Market
- 5 Jan 2015 8:00 AM
- tech
Business Telecom (BTel), which faces liquidity problems and failed to repay a bond expiring in 2014 on time, will gradually leave the telecoms market to concentrate on developing its internet service XPrime through a franchise network, it was decided at an EGM on December 29.
Hungary’s Extraordinary Parlt Session Lacks Quorum
- 29 Dec 2014 8:00 AM
- current affairs
The extraordinary session of parliament convened for Tuesday morning lacked a quorum as most lawmakers of the governing parties stayed away from the event. The session was initiated by the opposition Socialists to discuss proposed changes to the road toll system.