3,301 result(s) for bank
Hungarian National Bank To Withdraw Old Notes
- 28 Apr 2016 12:40 PM
- current affairs
MNB will withdraw the Ft 20,000 bank notes, that were issued before 2015, from circulation at the end of the year, it was just announced. The banknotes can be exchanged and converted at Magyar Posta offices until January 2020. New Ft 20,000 notes with enhanced security features were issued last year.
2017 Budget Bill Targets Deficit Of HUF 1,166.4 BN
- 28 Apr 2016 9:00 AM
- business
Hungary’s budget is expected to run a cash-flow-based deficit of 1,166.4 billion forints (EUR 3.7bn) next year, well above the 761.6 billion gap targeted for 2016. The 2017 budget bill targets revenue of 17,374.9 billion forints and expenditures of 18,541.3 billion.
Rosalia – Rosé & Sparkling Wine Festival, City Park, 6 – 8 May
- 27 Apr 2016 9:04 AM
- food & drink
The event organisers sent us the following to keep Xpats in the loop: Rosé and sparkling wines, an easy-going welcome of summer, street food and live concerts in the most famous park of Budapest. Rosalia Festival has become a tradition. Thousands of people meet in May to welcome the upcoming summer with a few glasses of rosé and/or sparkling wine. You can taste all kinds of wines from light ...
Hungarian CBank Cuts Base Rate 15 Bp
- 27 Apr 2016 9:00 AM
- business
Hungarian rate-setters cut the base rate by 15 basis points to 1.05% at a meeting on Tuesday, in line with market expectations. The National Bank of Hungary’s Monetary Council also narrowed its interest rate corridor, a band around the base rate that prevents extreme fluctuations of interbank rates, bringing the overnight collateralised loan rate to 1.30% while keeping the O/N central bank ...
Alstom Paid Former PM’s Company Almost Euro 600,000 In Consulting Fees
- 27 Apr 2016 9:00 AM
- current affairs
French engineering company Alstom transferred more than 597,000 euros to a company owned by the family of Hungary’s former prime minister, Péter Medgyessy, in 2007 and 2008, daily Magyar Idők said. The paper said Alstom transferred 259,000 euros in consulting fees on the basis of a contract with AssistConsult, indirectly owned by Medgyessy and his wife, on March 30, 2007, and another 338,000 ...
New Wave Media To Acquire Hungarian Business Weekly Figyelő
- 25 Apr 2016 9:00 AM
- business
New Wave Media, publisher of daily online vs.hu, is set to purchase the business weekly Figyelő, reports 444.hu. The purchase would mark the latest in a string of acquisitions by New Wave Media, the media holding company owned by Tamás Szemerey, a cousin of longtime Fidesz member and current National Bank governor György Matolcsy.
Parl CTTEE Approves Changes To CBank Law In Line With Top Court Ruling
- 22 Apr 2016 9:00 AM
- current affairs
Parliament’s legislation committee approved changes to a draft amendment to the central bank law, which aims to bring the legislation in line with a recent top court ruling raising concerns over data secrecy measures. The changes proposed by Erik Bánki, a lawmaker for Fidesz, would remove passages from the law that gave foundations owned by the central bank the right to restrict access to their ...
President Áder To Address UN Debate, Paris Agreement Signing In NY
- 21 Apr 2016 9:00 AM
- current affairs
President János Áder will address a high-level debate on the implementation of the UN’s Sustainable Development Goals on April 21 as well as the formal signing ceremony of the Paris Climate Agreement on April 22 at the United Nations’ headquarters in New York, the president’s office said. Áder is scheduled to deliver a speech at the debate at 11am local time on Thursday and also at the signing ...
Sziget Festival Prepares For Record Turnout And More
- 20 Apr 2016 9:02 AM
- entertainment
Sziget is the Island of Freedom and also the winner of the ‘Best European Festival Line-up Award’ in 2015. To live up to its traditions, the festival continues to build its identity upon a very diverse and open-minded program structure, making sure that it is much more than ‘just’ a music festival.
Hungarian National Bank To Withdraw Old Notes
- 28 Apr 2016 12:40 PM
- current affairs
MNB will withdraw the Ft 20,000 bank notes, that were issued before 2015, from circulation at the end of the year, it was just announced. The banknotes can be exchanged and converted at Magyar Posta offices until January 2020. New Ft 20,000 notes with enhanced security features were issued last year.
2017 Budget Bill Targets Deficit Of HUF 1,166.4 BN
- 28 Apr 2016 9:00 AM
- business
Hungary’s budget is expected to run a cash-flow-based deficit of 1,166.4 billion forints (EUR 3.7bn) next year, well above the 761.6 billion gap targeted for 2016. The 2017 budget bill targets revenue of 17,374.9 billion forints and expenditures of 18,541.3 billion.
Rosalia – Rosé & Sparkling Wine Festival, City Park, 6 – 8 May
- 27 Apr 2016 9:04 AM
- food & drink
The event organisers sent us the following to keep Xpats in the loop: Rosé and sparkling wines, an easy-going welcome of summer, street food and live concerts in the most famous park of Budapest. Rosalia Festival has become a tradition. Thousands of people meet in May to welcome the upcoming summer with a few glasses of rosé and/or sparkling wine. You can taste all kinds of wines from light ...
Hungarian CBank Cuts Base Rate 15 Bp
- 27 Apr 2016 9:00 AM
- business
Hungarian rate-setters cut the base rate by 15 basis points to 1.05% at a meeting on Tuesday, in line with market expectations. The National Bank of Hungary’s Monetary Council also narrowed its interest rate corridor, a band around the base rate that prevents extreme fluctuations of interbank rates, bringing the overnight collateralised loan rate to 1.30% while keeping the O/N central bank ...
Alstom Paid Former PM’s Company Almost Euro 600,000 In Consulting Fees
- 27 Apr 2016 9:00 AM
- current affairs
French engineering company Alstom transferred more than 597,000 euros to a company owned by the family of Hungary’s former prime minister, Péter Medgyessy, in 2007 and 2008, daily Magyar Idők said. The paper said Alstom transferred 259,000 euros in consulting fees on the basis of a contract with AssistConsult, indirectly owned by Medgyessy and his wife, on March 30, 2007, and another 338,000 ...
New Wave Media To Acquire Hungarian Business Weekly Figyelő
- 25 Apr 2016 9:00 AM
- business
New Wave Media, publisher of daily online vs.hu, is set to purchase the business weekly Figyelő, reports 444.hu. The purchase would mark the latest in a string of acquisitions by New Wave Media, the media holding company owned by Tamás Szemerey, a cousin of longtime Fidesz member and current National Bank governor György Matolcsy.
Parl CTTEE Approves Changes To CBank Law In Line With Top Court Ruling
- 22 Apr 2016 9:00 AM
- current affairs
Parliament’s legislation committee approved changes to a draft amendment to the central bank law, which aims to bring the legislation in line with a recent top court ruling raising concerns over data secrecy measures. The changes proposed by Erik Bánki, a lawmaker for Fidesz, would remove passages from the law that gave foundations owned by the central bank the right to restrict access to their ...
President Áder To Address UN Debate, Paris Agreement Signing In NY
- 21 Apr 2016 9:00 AM
- current affairs
President János Áder will address a high-level debate on the implementation of the UN’s Sustainable Development Goals on April 21 as well as the formal signing ceremony of the Paris Climate Agreement on April 22 at the United Nations’ headquarters in New York, the president’s office said. Áder is scheduled to deliver a speech at the debate at 11am local time on Thursday and also at the signing ...
Sziget Festival Prepares For Record Turnout And More
- 20 Apr 2016 9:02 AM
- entertainment
Sziget is the Island of Freedom and also the winner of the ‘Best European Festival Line-up Award’ in 2015. To live up to its traditions, the festival continues to build its identity upon a very diverse and open-minded program structure, making sure that it is much more than ‘just’ a music festival.