27 result(s) for bailout
Study Shows Declining Trends In Poverty In Hungary
- 13 Apr 2015 9:00 AM
- current affairs
A recent government-commissioned study has found vulnerability to poverty among Hungarian households has declined over the past year. Károly Czibere, state secretary for social affairs and cohesion, told a conference that trends cited by Tárki research institute were underpinned by Central Statistical Office data for 2013 and 2014.
Xpat Opnion: First State-Owned Hungarian Bank Is Already In Trouble
- 19 Dec 2014 12:00 AM
- current affairs
Great interest preceded a press conference held jointly by Prime Minister Viktor Orbán and György Matolcsy, governor of the Hungarian National Bank (HNB), this morning. What was so important that these two men would have to appear together in public? It had to be something momentous. Well, it was. The newly “nationalized” Magyar Külkereskedemi Bank (MKB) is in serious trouble and the Hungarian ...
Hungarian Government To Buy MKB Bank
- 25 Jul 2014 9:00 AM
- business
MKB owner BayernLB has agreed to sell the Hungarian bank to the government for €55 million, it was announced yesterday in Munich and Budapest. As part of the deal, BayernLB will cancel the €270 million debt owed to it by MKB.
Foreign Parents To Be Hit By FX Bailout Costs In Hungary, Says Fitch
- 9 Jul 2014 9:00 AM
- business
Foreign owners will need to inject capital into their Hungarian units because of compensation lenders are asked to pay as part of a new law on relief for borrowers, Fitch Ratings said on Tuesday.
Foreign Currency Loans To Be Eliminated From The Hungarian Market By End Of 2014
- 8 Jul 2014 10:00 AM
- business
Foreign-currency denominated loans will be eliminated from Hungary's lending market by way of converting them to forint loans before the end of this year, Minister of National Economy Mihály Varga told public media on Monday. Based on a Supreme Court ruling, deeming the rate spread applied to foreign currency loan constructions unfair, Parliament adopted on Friday a bailout package. According to ...
Hungary: Loving It, Leaving It
- 23 Jun 2014 9:00 AM
- current affairs
By David Landry: When I first came here, local folks mostly asked me “Why Hungary?” Now when I tell them I’m leaving, they say “It’s a good time.” So what has happened in the past 19 years?
Hungary’s Central Bank Heads Comment On Euro
- 3 Feb 2014 8:00 AM
- current affairs
The Maastricht criteria have a stabilising effect on EU member states outside the euro zone, the governor of Austria’s central bank told the NBH conference. Setting the objective of joining the euro zone, combined with the Maastricht criteria, have a strong stabilising effect in each prospective euro-zone member state, said Ewald Nowotny.
Xpat Opinion: Hungary The ‘Star Pupil’
- 16 Dec 2013 8:00 AM
- current affairs
“Romania, Hungary and Latvia emerge the star pupils in the latest survey on growth in the EU,” it begins. Hungary watchers will know that it has been quite some time since this country was referred to as a “star pupil” in the EU regarding anything that has to do with the economy. When was the last time?
What's Next For Bankrupt Amusement Park In Budapest
- 30 Oct 2013 12:35 AM
- entertainment
Once a crowd-puller and a pride of Budapest, the Amusement Park is now closed. The Zoo acquire most of its area and will use it to display subtropical fauna and flora in a spacious glasshouse. As the Roller Coaster, the carousel, the grotto train are considered historical monuments, they will stay. A theme park dedicated to fairy tales will be established along the borderline of the two by 2017. ...
Study Shows Declining Trends In Poverty In Hungary
- 13 Apr 2015 9:00 AM
- current affairs
A recent government-commissioned study has found vulnerability to poverty among Hungarian households has declined over the past year. Károly Czibere, state secretary for social affairs and cohesion, told a conference that trends cited by Tárki research institute were underpinned by Central Statistical Office data for 2013 and 2014.
Xpat Opnion: First State-Owned Hungarian Bank Is Already In Trouble
- 19 Dec 2014 12:00 AM
- current affairs
Great interest preceded a press conference held jointly by Prime Minister Viktor Orbán and György Matolcsy, governor of the Hungarian National Bank (HNB), this morning. What was so important that these two men would have to appear together in public? It had to be something momentous. Well, it was. The newly “nationalized” Magyar Külkereskedemi Bank (MKB) is in serious trouble and the Hungarian ...
Hungarian Government To Buy MKB Bank
- 25 Jul 2014 9:00 AM
- business
MKB owner BayernLB has agreed to sell the Hungarian bank to the government for €55 million, it was announced yesterday in Munich and Budapest. As part of the deal, BayernLB will cancel the €270 million debt owed to it by MKB.
Foreign Parents To Be Hit By FX Bailout Costs In Hungary, Says Fitch
- 9 Jul 2014 9:00 AM
- business
Foreign owners will need to inject capital into their Hungarian units because of compensation lenders are asked to pay as part of a new law on relief for borrowers, Fitch Ratings said on Tuesday.
Foreign Currency Loans To Be Eliminated From The Hungarian Market By End Of 2014
- 8 Jul 2014 10:00 AM
- business
Foreign-currency denominated loans will be eliminated from Hungary's lending market by way of converting them to forint loans before the end of this year, Minister of National Economy Mihály Varga told public media on Monday. Based on a Supreme Court ruling, deeming the rate spread applied to foreign currency loan constructions unfair, Parliament adopted on Friday a bailout package. According to ...
Hungary: Loving It, Leaving It
- 23 Jun 2014 9:00 AM
- current affairs
By David Landry: When I first came here, local folks mostly asked me “Why Hungary?” Now when I tell them I’m leaving, they say “It’s a good time.” So what has happened in the past 19 years?
Hungary’s Central Bank Heads Comment On Euro
- 3 Feb 2014 8:00 AM
- current affairs
The Maastricht criteria have a stabilising effect on EU member states outside the euro zone, the governor of Austria’s central bank told the NBH conference. Setting the objective of joining the euro zone, combined with the Maastricht criteria, have a strong stabilising effect in each prospective euro-zone member state, said Ewald Nowotny.
Xpat Opinion: Hungary The ‘Star Pupil’
- 16 Dec 2013 8:00 AM
- current affairs
“Romania, Hungary and Latvia emerge the star pupils in the latest survey on growth in the EU,” it begins. Hungary watchers will know that it has been quite some time since this country was referred to as a “star pupil” in the EU regarding anything that has to do with the economy. When was the last time?
What's Next For Bankrupt Amusement Park In Budapest
- 30 Oct 2013 12:35 AM
- entertainment
Once a crowd-puller and a pride of Budapest, the Amusement Park is now closed. The Zoo acquire most of its area and will use it to display subtropical fauna and flora in a spacious glasshouse. As the Roller Coaster, the carousel, the grotto train are considered historical monuments, they will stay. A theme park dedicated to fairy tales will be established along the borderline of the two by 2017. ...