3,302 result(s) for bank
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.
Consumer Prices In Hungary Fall By 0.4% In Sept
- 8 Oct 2015 6:00 AM
- shopping
Consumer prices in Hungary fell by an annual 0.4% in September, the Central Statistical Office said. Prices fell at a faster pace than the 0.1% drop estimated by analysts in London. In August, the annual CPI was zero. In a month-on-month comparison, prices dropped by 0.6% in September. Seasonally-adjusted core inflation, which excludes volatile food and fuel prices, was 1.3%.
Xpat Interview: Peter Szilagyi, Associate Professor of Finance at CEU Business School
- 6 Oct 2015 12:00 PM
Peter Szilagyi is Associate Professor of Finance at CEU Business School, and Director of the MSc in Finance program. The MSc in Finance is a one-year program with the possibility to extend, and runs both full and part-time. The next program starts in February 2016, with applications accepted until December 1.
Hungary May Become Central-Europe’s Growth Hub
- 5 Oct 2015 11:00 AM
- business
Hungary has the capacity to become Central-Europe’s growth hub, Prime Minister Viktor Orbán said at the opening ceremony of the Bank of China’s RMB clearing centre in Hungary. Let us believe the Chinese (...), if they chose Budapest as their regional centre, there must plenty of steam, potential and future in this country (...). We are able to increase even our current economic performance, with ...
Retail Sales In Hungary Up 4.7% In Aug
- 5 Oct 2015 4:00 AM
- shopping
Retail sales in Hungary climbed by 4.7% in August from the same month a year earlier, preliminary data released by the Central Statistical Office on Monday show. The increase was the same when adjusted for calendar year effects. The unadjusted rise was down from 6.8% in July. Adjusted food sales climbed by 3.7% in August, non-food sales were up 4.6% and fuel sales increased by 7.4%. In ...
Govt Office Chief Presses For National Infrastructure Development Programme
- 1 Oct 2015 5:24 AM
- business
Government office chief János Lázár urged the launch of a national infrastructure development programme, speaking at a conference organised by Portfolio.hu. The development programme will be used to fund the roughly 100 Hungarian companies that do not count as small and medium-sized firms and are thus not eligible for EU funds.
Jobless Rate In Hungary Falls To 6.7% In June -Aug
- 29 Sep 2015 4:35 AM
- business
The average unemployment rate in Hungary edged down to 6.7% in June-August, the Central Statistical Office (KSH) said. The jobless rate for Hungarians between the ages of 15 and 74 was down from 6.8% in May- July and 7.7% in the same period a year earlier. In absolute terms, the number of unemployed averaged 303,800 in June-August. There were 2,984,400 economically inactive Hungarians— those ...
Interest Strong For New Homebuyers’ Subsidy In Hungary
- 28 Sep 2015 5:01 AM
- property
Clients of OTP Bank, Hungary’s biggest commercial lender, have so far submitted more than 2,500 applications for the state’s new home loan subsidy, deputy-CEO Antal Kovács said. More than 800 clients have already been awarded the subsidy, known by its Hungarian acronym “csok”. The government has already raised the csok allocation after interest exceeded the originally targeted 4,000 applications ...
National Bank Of Hungary Revamps HUF 20,000 Banknote
- 25 Sep 2015 6:00 AM
- business
The National Bank of Hungary (NBH) is issuing a reworked version of the 20,000 forint banknote. The new version will have a different colour scheme, with multiple colours on the front of the note giving an overall blueish-green tone. The size of the banknote will remain the same and it will still portray Ferenc Deák, Hungarian politician and statesman from the 19th century.
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.
Consumer Prices In Hungary Fall By 0.4% In Sept
- 8 Oct 2015 6:00 AM
- shopping
Consumer prices in Hungary fell by an annual 0.4% in September, the Central Statistical Office said. Prices fell at a faster pace than the 0.1% drop estimated by analysts in London. In August, the annual CPI was zero. In a month-on-month comparison, prices dropped by 0.6% in September. Seasonally-adjusted core inflation, which excludes volatile food and fuel prices, was 1.3%.
Xpat Interview: Peter Szilagyi, Associate Professor of Finance at CEU Business School
- 6 Oct 2015 12:00 PM
Peter Szilagyi is Associate Professor of Finance at CEU Business School, and Director of the MSc in Finance program. The MSc in Finance is a one-year program with the possibility to extend, and runs both full and part-time. The next program starts in February 2016, with applications accepted until December 1.
Hungary May Become Central-Europe’s Growth Hub
- 5 Oct 2015 11:00 AM
- business
Hungary has the capacity to become Central-Europe’s growth hub, Prime Minister Viktor Orbán said at the opening ceremony of the Bank of China’s RMB clearing centre in Hungary. Let us believe the Chinese (...), if they chose Budapest as their regional centre, there must plenty of steam, potential and future in this country (...). We are able to increase even our current economic performance, with ...
Retail Sales In Hungary Up 4.7% In Aug
- 5 Oct 2015 4:00 AM
- shopping
Retail sales in Hungary climbed by 4.7% in August from the same month a year earlier, preliminary data released by the Central Statistical Office on Monday show. The increase was the same when adjusted for calendar year effects. The unadjusted rise was down from 6.8% in July. Adjusted food sales climbed by 3.7% in August, non-food sales were up 4.6% and fuel sales increased by 7.4%. In ...
Govt Office Chief Presses For National Infrastructure Development Programme
- 1 Oct 2015 5:24 AM
- business
Government office chief János Lázár urged the launch of a national infrastructure development programme, speaking at a conference organised by Portfolio.hu. The development programme will be used to fund the roughly 100 Hungarian companies that do not count as small and medium-sized firms and are thus not eligible for EU funds.
Jobless Rate In Hungary Falls To 6.7% In June -Aug
- 29 Sep 2015 4:35 AM
- business
The average unemployment rate in Hungary edged down to 6.7% in June-August, the Central Statistical Office (KSH) said. The jobless rate for Hungarians between the ages of 15 and 74 was down from 6.8% in May- July and 7.7% in the same period a year earlier. In absolute terms, the number of unemployed averaged 303,800 in June-August. There were 2,984,400 economically inactive Hungarians— those ...
Interest Strong For New Homebuyers’ Subsidy In Hungary
- 28 Sep 2015 5:01 AM
- property
Clients of OTP Bank, Hungary’s biggest commercial lender, have so far submitted more than 2,500 applications for the state’s new home loan subsidy, deputy-CEO Antal Kovács said. More than 800 clients have already been awarded the subsidy, known by its Hungarian acronym “csok”. The government has already raised the csok allocation after interest exceeded the originally targeted 4,000 applications ...
National Bank Of Hungary Revamps HUF 20,000 Banknote
- 25 Sep 2015 6:00 AM
- business
The National Bank of Hungary (NBH) is issuing a reworked version of the 20,000 forint banknote. The new version will have a different colour scheme, with multiple colours on the front of the note giving an overall blueish-green tone. The size of the banknote will remain the same and it will still portray Ferenc Deák, Hungarian politician and statesman from the 19th century.