473 result(s) for assets
National Bank of Hungary Sets Foreign Currency Balance Indicator For Banks
- 31 Jul 2015 9:00 AM
- business
The National Bank of Hungary (NBH) will require banks to have a foreign currency balance indicator (DEM) of maximum 0.15 starting from January 1, 2016, according to a decree by the governor of the NBH published in the Thursday issue of the official gazette Magyar Közlöny. DEM for banks will be calculated based on the balance of foreign currency assets and liabilities divided by total assets.
Tax Office Clamps Down On 3-Billion - Forint Vat Fraud Ring
- 20 May 2015 9:00 AM
- business
The tax office NAV has clamped down on a crime organisation suspected of a 3 billion forint (EUR 9.8m) fraud from reclaiming valueadded- tax (VAT) based in Debrecen, in eastern Hungary, NAV’s local office said. The investigation was closed on May 11 after a full year of gathering evidence, head of NAV’s regional office Tibor Lengyel said.
Hungarian Business Man Csányi Number One On Napi.hu’s Rich List
- 14 May 2015 9:00 AM
- community & culture
Sándor Csányi, owner of the agribusiness Bonafarm and chief of OTP Bank, has kept his top spot on Hungary’s rich list, business news website napi.hu reported. Csányi, whose assets now reach 165 billion forints (EUR 542m), up 15 billion from last year, has been at the top of the list since 2011. (Pictured on the right)
DK Queries Hungary’s PM’s Wealth Accumulation
- 12 May 2015 9:00 AM
- current affairs
The Democratic Coalition is asking the Tax Office to look into how Prime Minister Viktor Orbán, Prime Minister’s Office leader János Lázár and Felcsút mayor Lõrinc Mészáros have apparently acquired considerable wealth in recent years. MP Ágnes Vadai said on Monday that the party is interested in how the prime minister has become so rich, although his salary would not make that possible.
Government To Wind Up Toxic Waste Dump Site In Budapest’s 9th District
- 8 May 2015 9:00 AM
- current affairs
Pest county prefect Richárd Tornai told InfoRadio on Monday that the government would remove some 17o tons of toxic waste illegally stored in unsafe conditions in Budapest’s 9th District by the end of May. The remaining 2500 tons of waste are to be removed in the weeks and months to follow. On April 9th Hungarian news site 444.hu broke the story that hundreds of barrels of toxic waste were being ...
Anti Corruption Protests Held Across Hungary
- 20 Apr 2015 9:00 AM
- current affairs
Anti-corruption protests took place across Hungary today. In Budapest the demonstration started in front of the Eiffel Palace Office Building near the Nyugati (western) train station. A few minutes before the scheduled start of the protest it seemed as though police and members of the press would outnumber the protesters.
National Bank Of Hungary Revokes Quaestor Licence, Clearing Way For Client Compensation
- 20 Apr 2015 9:00 AM
- business
The National Bank of Hungary said it revoked the licence of brokerage Quaestor and ordered it under liquidation, clearing the way for compensation of its clients. The decision to revoke Quaestor’s licence was taken because the brokerage “cannot repay its debts, and its property and assets do not offer coverage for settlement of its liabilities”, the central bank and financial market regulator ...
Hungarian Gov’t Comes To The Rescue Of Styl
- 15 Apr 2015 9:00 AM
- business
The government will offer a Ft 4.5 billion subsidy to save the clothing manufacturer Styl Ruhagyár in Szombathely, Vas County, Napi Gazdaság reports, citing the agenda of the city council, which will vote on the matter on Thursday. The court ordered the liquidation of the company in 2005 after it failed to pay a $6,000 invoice.
Xpat Opinion: Leaders Avoid Losses, But May Pay At The Polls
- 15 Apr 2015 9:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: When Quaestor investment house went bust, so did a lot of hard−working people. The government and Győr’s football team were unscathed, but many ordinary citizens were not.
National Bank of Hungary Sets Foreign Currency Balance Indicator For Banks
- 31 Jul 2015 9:00 AM
- business
The National Bank of Hungary (NBH) will require banks to have a foreign currency balance indicator (DEM) of maximum 0.15 starting from January 1, 2016, according to a decree by the governor of the NBH published in the Thursday issue of the official gazette Magyar Közlöny. DEM for banks will be calculated based on the balance of foreign currency assets and liabilities divided by total assets.
Tax Office Clamps Down On 3-Billion - Forint Vat Fraud Ring
- 20 May 2015 9:00 AM
- business
The tax office NAV has clamped down on a crime organisation suspected of a 3 billion forint (EUR 9.8m) fraud from reclaiming valueadded- tax (VAT) based in Debrecen, in eastern Hungary, NAV’s local office said. The investigation was closed on May 11 after a full year of gathering evidence, head of NAV’s regional office Tibor Lengyel said.
Hungarian Business Man Csányi Number One On Napi.hu’s Rich List
- 14 May 2015 9:00 AM
- community & culture
Sándor Csányi, owner of the agribusiness Bonafarm and chief of OTP Bank, has kept his top spot on Hungary’s rich list, business news website napi.hu reported. Csányi, whose assets now reach 165 billion forints (EUR 542m), up 15 billion from last year, has been at the top of the list since 2011. (Pictured on the right)
DK Queries Hungary’s PM’s Wealth Accumulation
- 12 May 2015 9:00 AM
- current affairs
The Democratic Coalition is asking the Tax Office to look into how Prime Minister Viktor Orbán, Prime Minister’s Office leader János Lázár and Felcsút mayor Lõrinc Mészáros have apparently acquired considerable wealth in recent years. MP Ágnes Vadai said on Monday that the party is interested in how the prime minister has become so rich, although his salary would not make that possible.
Government To Wind Up Toxic Waste Dump Site In Budapest’s 9th District
- 8 May 2015 9:00 AM
- current affairs
Pest county prefect Richárd Tornai told InfoRadio on Monday that the government would remove some 17o tons of toxic waste illegally stored in unsafe conditions in Budapest’s 9th District by the end of May. The remaining 2500 tons of waste are to be removed in the weeks and months to follow. On April 9th Hungarian news site 444.hu broke the story that hundreds of barrels of toxic waste were being ...
Anti Corruption Protests Held Across Hungary
- 20 Apr 2015 9:00 AM
- current affairs
Anti-corruption protests took place across Hungary today. In Budapest the demonstration started in front of the Eiffel Palace Office Building near the Nyugati (western) train station. A few minutes before the scheduled start of the protest it seemed as though police and members of the press would outnumber the protesters.
National Bank Of Hungary Revokes Quaestor Licence, Clearing Way For Client Compensation
- 20 Apr 2015 9:00 AM
- business
The National Bank of Hungary said it revoked the licence of brokerage Quaestor and ordered it under liquidation, clearing the way for compensation of its clients. The decision to revoke Quaestor’s licence was taken because the brokerage “cannot repay its debts, and its property and assets do not offer coverage for settlement of its liabilities”, the central bank and financial market regulator ...
Hungarian Gov’t Comes To The Rescue Of Styl
- 15 Apr 2015 9:00 AM
- business
The government will offer a Ft 4.5 billion subsidy to save the clothing manufacturer Styl Ruhagyár in Szombathely, Vas County, Napi Gazdaság reports, citing the agenda of the city council, which will vote on the matter on Thursday. The court ordered the liquidation of the company in 2005 after it failed to pay a $6,000 invoice.
Xpat Opinion: Leaders Avoid Losses, But May Pay At The Polls
- 15 Apr 2015 9:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: When Quaestor investment house went bust, so did a lot of hard−working people. The government and Győr’s football team were unscathed, but many ordinary citizens were not.