3,301 result(s) for bank
Hungary Jumps More Than 10 Places In World Bank Ranking
- 29 Oct 2015 8:00 AM
- business
Hungary moved up by more than ten places to 42nd out of 189 countries in the World Bank’s 2016 Doing Business ranking, the economy ministry said on Wednesday. The World Bank introduced a number of changes to the methodology used to compile the report, which allowed Hungary to improve to 42nd from its 2015 ranking of 54th place.
State Reacquires Historic Budapest Department Store
- 29 Oct 2015 8:00 AM
- property
The state has reacquired Paris Department Store, a historic Art Nouveau-style building in the centre of Budapest, news portal napi.hu reported. The state has exercised its preemption right for the property through MFB-Ingatlanfejlesztő, the property development unit of the state-owned development bank MFB, the Prime Minister’s Office’s press department told napi.hu.
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Survey: Hungarians Consider Themselves Uninformed On Financial Affairs
- 28 Oct 2015 8:00 AM
- business
Hungarians consider themselves relatively uninformed as regards to financial affairs, but consult several sources when it comes to finding investment options, a survey conducted jointly by CIB Bank and the GfK research institute showed. The two firms conducted the research by asking online 500 people in the 25-69 age group who use the internet on a weekly basis.
Hungarian National Bank Outlaws Asset Manager
- 19 Oct 2015 9:00 AM
- business
The MNB has banned the activities of asset manager Riches Builder and Seychelles-registered Riches Builder Investment and fined them Ft 338 million for collecting deposits without a licence. The two companies promised outstandingly high yields and repayment guarantees. An aggravating factor in the case was that the companies did not co-operate fully with the MNB during the investigation. The ...
Lázár On Farmland Sales, Tax Reform
- 16 Oct 2015 9:00 AM
- current affairs
Public auctions of state-owned farmland will start on Nov. 16, János Lázár, the government office chief, told a weekly government press briefing. The auctions would be started in six counties. The government wants to get the best price possible for farmland he said, adding that it was inconceivable that sales would go ahead for prices below market value. The Hungarian Development Bank (MFB) has ...
Demjan Appoints CEU BS Alumna Borbala Czako To Chair Euro 1 Million Migration Fund
- 15 Oct 2015 9:00 AM
- specials
Demján Group, owned by one of Hungary’s most prominent businessman Sándor Demján, has donated one million euros to establish a migration fund. This fund will support improving conditions for refugee children currently in Hungary or on the borders of the country. It will be used to buy food, clothing, finance domestic travel, healthcare and to produce information material and assist civilians and ...
Hungarian Forint Liquidity Of Banking Sector Falls In Sept
- 13 Oct 2015 9:00 AM
- business
Forint liquidity of Hungary’s banking sector fell in September from a month earlier, reflected mainly in the lower average stocks of two-week central bank deposits, the National Bank of Hungary said in a report. The average stock of two-week deposits decreased by 241.8 billion forints to 4,290 billion, the report based on preliminary data shows. The average stock of external assets fell by 350 ...
Hungarian Tax Authority Uncovers Intl Money Laundering, Cigarette Smuggling Operation
- 13 Oct 2015 5:34 AM
- business
Hungary’s tax and customs authority (NAV) said on Tuesday that it is investigating an international money laundering and cigarette smuggling operation, and it has so far apprehended 33 suspects. Vietnamese and Egyptian nationals based in Budapest are suspected of directing the transfer of euros acquired in crimes committed in Europe first to Hungary and then to Slovakia.
Hungary Jumps More Than 10 Places In World Bank Ranking
- 29 Oct 2015 8:00 AM
- business
Hungary moved up by more than ten places to 42nd out of 189 countries in the World Bank’s 2016 Doing Business ranking, the economy ministry said on Wednesday. The World Bank introduced a number of changes to the methodology used to compile the report, which allowed Hungary to improve to 42nd from its 2015 ranking of 54th place.
State Reacquires Historic Budapest Department Store
- 29 Oct 2015 8:00 AM
- property
The state has reacquired Paris Department Store, a historic Art Nouveau-style building in the centre of Budapest, news portal napi.hu reported. The state has exercised its preemption right for the property through MFB-Ingatlanfejlesztő, the property development unit of the state-owned development bank MFB, the Prime Minister’s Office’s press department told napi.hu.
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Survey: Hungarians Consider Themselves Uninformed On Financial Affairs
- 28 Oct 2015 8:00 AM
- business
Hungarians consider themselves relatively uninformed as regards to financial affairs, but consult several sources when it comes to finding investment options, a survey conducted jointly by CIB Bank and the GfK research institute showed. The two firms conducted the research by asking online 500 people in the 25-69 age group who use the internet on a weekly basis.
Hungarian National Bank Outlaws Asset Manager
- 19 Oct 2015 9:00 AM
- business
The MNB has banned the activities of asset manager Riches Builder and Seychelles-registered Riches Builder Investment and fined them Ft 338 million for collecting deposits without a licence. The two companies promised outstandingly high yields and repayment guarantees. An aggravating factor in the case was that the companies did not co-operate fully with the MNB during the investigation. The ...
Lázár On Farmland Sales, Tax Reform
- 16 Oct 2015 9:00 AM
- current affairs
Public auctions of state-owned farmland will start on Nov. 16, János Lázár, the government office chief, told a weekly government press briefing. The auctions would be started in six counties. The government wants to get the best price possible for farmland he said, adding that it was inconceivable that sales would go ahead for prices below market value. The Hungarian Development Bank (MFB) has ...
Demjan Appoints CEU BS Alumna Borbala Czako To Chair Euro 1 Million Migration Fund
- 15 Oct 2015 9:00 AM
- specials
Demján Group, owned by one of Hungary’s most prominent businessman Sándor Demján, has donated one million euros to establish a migration fund. This fund will support improving conditions for refugee children currently in Hungary or on the borders of the country. It will be used to buy food, clothing, finance domestic travel, healthcare and to produce information material and assist civilians and ...
Hungarian Forint Liquidity Of Banking Sector Falls In Sept
- 13 Oct 2015 9:00 AM
- business
Forint liquidity of Hungary’s banking sector fell in September from a month earlier, reflected mainly in the lower average stocks of two-week central bank deposits, the National Bank of Hungary said in a report. The average stock of two-week deposits decreased by 241.8 billion forints to 4,290 billion, the report based on preliminary data shows. The average stock of external assets fell by 350 ...
Hungarian Tax Authority Uncovers Intl Money Laundering, Cigarette Smuggling Operation
- 13 Oct 2015 5:34 AM
- business
Hungary’s tax and customs authority (NAV) said on Tuesday that it is investigating an international money laundering and cigarette smuggling operation, and it has so far apprehended 33 suspects. Vietnamese and Egyptian nationals based in Budapest are suspected of directing the transfer of euros acquired in crimes committed in Europe first to Hungary and then to Slovakia.