3,302 result(s) for bank
City: Hungary Could Return To Investment Grade In 2016
- 1 Dec 2015 8:00 AM
- current affairs
Hungary is set to regain investment grade status next year, and the central bank is likely to embark on a new rate cutting cycle, London-based emerging markets economists said. In a report outlining its revised 2016 forecasts for emerging markets, released to clients in London, Morgan Stanley said that “credit upgrades are overdue” and Hungary will regain its investment grade rating with at least ...
Duna House IPO Ends Without Result
- 30 Nov 2015 8:00 AM
- property
Hungarian real estate broker Duna House on Friday announced that its initial public offering was without result, as it failed to sell the minimum number of 180,000 shares by the end of the IPO on Friday, following a suspension, Hungarian news agency MTI reported.
Hungary Investment Volume Drops 3.4% In Q3
- 26 Nov 2015 12:00 AM
- business
Investment volume in Hungary was down by an annual 3.4% in the third quarter after rising by 5.7% in the second and falling by 3.9% in the first quarter, the Central Statistical Office (KSH) said. Third-quarter investments fell in all sectors with the exception of the property as well as business and the public administration, social insurance and defence sectors. In the latter sector, ...
Xpat Interview: Károly Gerendai, Owner Of Costes Downtown
- 20 Nov 2015 8:00 AM
- food & drink
Enough time has now passed since the opening of Costes Downtown to reflect accurately, and honestly, about progress so far. I can still see several key challenges, as always this is a process. We are trying to put together a staff with excellent experience, and decent language skills. Sadly, nowadays, those who speak English and have experience have left or are leaving Hungary. And our guest base ...
Budapest-Belgrade Rail Line Upgrade Agreement Finalised
- 19 Nov 2015 8:00 AM
- getting around
Preparation of an agreement on a Chinese-financed project to upgrade the Budapest-Belgrade railway line is drawing to a close, Foreign Affairs and Trade Minister Péter Szijjártó told reporters on Wednesday following talks in Beijing. He said the three parties had agreed on the most important political questions and all indications are that the prime ministers of the three countries can sign the ...
Reactions To Quaestor Compensation Law In Hungary
- 18 Nov 2015 8:00 AM
- business
Hungary’s ruling Fidesz party said the Constitutional Court’s decision to axe parts of a law on compensation for investors of failed brokerage Quaestor served the interests of the banking sector, while opposition parties once again called on the government and central bank to take responsibility for the scandal. Tuesday’s Constitutional Court ruling concerns the law governing a top-up fund which ...
Hungarian Forint Joins CLS Multi-Currency Cash Settlement System
- 17 Nov 2015 8:00 AM
- business
Hungary’s forint has become part of the CLS (Continuous Linked Settlement) system that settles payment instructions relating to underlying FX transactions, the company (CLS Group - CLS) said. The Hungarian unit is the first central and eastern European currency to be added to the CLS settlement system, and the 18th overall, they said. “CLS ... has started settling payment instructions in the ...
Lázár: List To Show How Much Land Owned In Hungary
- 13 Nov 2015 9:00 AM
- current affairs
Without violating data protection rules, it is in the government’s interest to make a list of foreign landowners available, showing how much land they own, he added. Sections of the land law are still under inquiry in Brussels because the EU wants Hungary to also allow legal entities buy farmland, he said. Budapest Bank has received applications for 10 billion forints of loans to buy land and ...
Moody’s Takes Rating Actions On Six Hungarian Banks
- 13 Nov 2015 8:00 AM
- business
Ratings agency Moody’s has taken rating actions on six Hungarian banks, prompted by the outlook change to Hungary’s sovereign rating to “positive” from “stable” last Friday. Moody’s also changed Hungary’s Macro Profile to “Weak+” from “Weak”, driven by the improvement in the Hungarian banks’ operating environment, in particular in the country’s economic strength.
City: Hungary Could Return To Investment Grade In 2016
- 1 Dec 2015 8:00 AM
- current affairs
Hungary is set to regain investment grade status next year, and the central bank is likely to embark on a new rate cutting cycle, London-based emerging markets economists said. In a report outlining its revised 2016 forecasts for emerging markets, released to clients in London, Morgan Stanley said that “credit upgrades are overdue” and Hungary will regain its investment grade rating with at least ...
Duna House IPO Ends Without Result
- 30 Nov 2015 8:00 AM
- property
Hungarian real estate broker Duna House on Friday announced that its initial public offering was without result, as it failed to sell the minimum number of 180,000 shares by the end of the IPO on Friday, following a suspension, Hungarian news agency MTI reported.
Hungary Investment Volume Drops 3.4% In Q3
- 26 Nov 2015 12:00 AM
- business
Investment volume in Hungary was down by an annual 3.4% in the third quarter after rising by 5.7% in the second and falling by 3.9% in the first quarter, the Central Statistical Office (KSH) said. Third-quarter investments fell in all sectors with the exception of the property as well as business and the public administration, social insurance and defence sectors. In the latter sector, ...
Xpat Interview: Károly Gerendai, Owner Of Costes Downtown
- 20 Nov 2015 8:00 AM
- food & drink
Enough time has now passed since the opening of Costes Downtown to reflect accurately, and honestly, about progress so far. I can still see several key challenges, as always this is a process. We are trying to put together a staff with excellent experience, and decent language skills. Sadly, nowadays, those who speak English and have experience have left or are leaving Hungary. And our guest base ...
Budapest-Belgrade Rail Line Upgrade Agreement Finalised
- 19 Nov 2015 8:00 AM
- getting around
Preparation of an agreement on a Chinese-financed project to upgrade the Budapest-Belgrade railway line is drawing to a close, Foreign Affairs and Trade Minister Péter Szijjártó told reporters on Wednesday following talks in Beijing. He said the three parties had agreed on the most important political questions and all indications are that the prime ministers of the three countries can sign the ...
Reactions To Quaestor Compensation Law In Hungary
- 18 Nov 2015 8:00 AM
- business
Hungary’s ruling Fidesz party said the Constitutional Court’s decision to axe parts of a law on compensation for investors of failed brokerage Quaestor served the interests of the banking sector, while opposition parties once again called on the government and central bank to take responsibility for the scandal. Tuesday’s Constitutional Court ruling concerns the law governing a top-up fund which ...
Hungarian Forint Joins CLS Multi-Currency Cash Settlement System
- 17 Nov 2015 8:00 AM
- business
Hungary’s forint has become part of the CLS (Continuous Linked Settlement) system that settles payment instructions relating to underlying FX transactions, the company (CLS Group - CLS) said. The Hungarian unit is the first central and eastern European currency to be added to the CLS settlement system, and the 18th overall, they said. “CLS ... has started settling payment instructions in the ...
Lázár: List To Show How Much Land Owned In Hungary
- 13 Nov 2015 9:00 AM
- current affairs
Without violating data protection rules, it is in the government’s interest to make a list of foreign landowners available, showing how much land they own, he added. Sections of the land law are still under inquiry in Brussels because the EU wants Hungary to also allow legal entities buy farmland, he said. Budapest Bank has received applications for 10 billion forints of loans to buy land and ...
Moody’s Takes Rating Actions On Six Hungarian Banks
- 13 Nov 2015 8:00 AM
- business
Ratings agency Moody’s has taken rating actions on six Hungarian banks, prompted by the outlook change to Hungary’s sovereign rating to “positive” from “stable” last Friday. Moody’s also changed Hungary’s Macro Profile to “Weak+” from “Weak”, driven by the improvement in the Hungarian banks’ operating environment, in particular in the country’s economic strength.