756 result(s) for bank in Business
S&P Bumps Hungary Back Into Investment Grade
- 19 Sep 2016 9:00 AM
- business
Standard and Poor’s raised its longand short-term foreign and local currency sovereign credit ratings on Hungary to ‘BBB-/A-3’ from ‘BB+/B’, putting the country back in investment grade. S&P also raised its rating for the National Bank of Hungary (NBH) to ‘BBB-’ from ‘BB+’. The outlook on both Hungary and the NBH is stable.
OTP CEO Csányi Receives Honorary Doctorate
- 15 Sep 2016 9:00 AM
- business
OTP Bank CEO Sándor Csányi (pictured) received an honorary doctorate from McDaniel College Budapest yesterday, presented by McDaniel College President Roger N. Casey as an acknowledgment of Csányiʼs role in Hungarian society, according to reports.
Hungary’s VAT Gap Down By More Than 4 Percent In One Year
- 13 Sep 2016 9:00 AM
- business
As the latest tax gap report by the European Commission points out, Hungary’s measures against tax fraud and avoidance have been successful: the VAT gap fell by more than 4 percentage points in one year.
Inflation Edges Down 0.1% In August
- 9 Sep 2016 9:00 AM
- business
Consumer prices in Hungary fell by an annual 0.1% in August, dropping for the fourth month in a row, the Central Statistical Office (KSH) said. The decline slowed from 0.3% in July. CPI dropped on a 4.1% fall in prices for the category of goods that includes vehicle fuel. Food prices were up by 0.6%, the price of alcohol and tobacco climbed by 1.9% and service prices rose by 1.1%.
Hungary Q2 GDP Growth Rate Confirmed At 2.6%
- 7 Sep 2016 9:00 AM
- business
Hungary’s economy grew by an annual 2.6% in the second quarter, up from 1.1% in the first quarter, the Central Statistical Office (KSH) confirmed in a second reading of data. KSH revised Q1 upward by two-tenths of a percentage point on the back of better farm sector output.
Investment Volume Down 20.3% In Q2
- 1 Sep 2016 9:00 AM
- business
Investment volume in Hungary fell by an annual 20.3% in the second quarter, the Central Statistical Office reported. Investment volume fell after already dropping by 12.6% in the first quarter of the year. For the first half of 2016 investment volume was down 17.3%.
Ministry: Hungary Unemployment Rate At Record Low
- 31 Aug 2016 9:00 AM
- business
Hungary’s employment rate has broken a new record and its 5% unemployment rate is at a record low level since the change in political system, the economy ministry said commenting on the Central Statistical Office’s jobs report.
NBH Leaves Base Rate Unchanged At 0.90%
- 24 Aug 2016 9:00 AM
- business
Hungarian rate setters kept the base rate unchanged at 0.90% at a policy meeting on Tuesday. The decision was in line with the expectations of analysts. The Council also left the interest rate corridor, a band around the base rate that prevents extreme fluctuations of interbank rates, unchanged at the meeting on Tuesday.
Chinese Investor To Buy Rác Baths In Budapest
- 10 Aug 2016 9:00 AM
- business
Towercrest Group, a Beijing-based investor, is about to purchase Rác Nosztalgia, the owner of the Rác bath and hotel in the First District from the city of Budapest, business news site Napi reports.
S&P Bumps Hungary Back Into Investment Grade
- 19 Sep 2016 9:00 AM
- business
Standard and Poor’s raised its longand short-term foreign and local currency sovereign credit ratings on Hungary to ‘BBB-/A-3’ from ‘BB+/B’, putting the country back in investment grade. S&P also raised its rating for the National Bank of Hungary (NBH) to ‘BBB-’ from ‘BB+’. The outlook on both Hungary and the NBH is stable.
OTP CEO Csányi Receives Honorary Doctorate
- 15 Sep 2016 9:00 AM
- business
OTP Bank CEO Sándor Csányi (pictured) received an honorary doctorate from McDaniel College Budapest yesterday, presented by McDaniel College President Roger N. Casey as an acknowledgment of Csányiʼs role in Hungarian society, according to reports.
Hungary’s VAT Gap Down By More Than 4 Percent In One Year
- 13 Sep 2016 9:00 AM
- business
As the latest tax gap report by the European Commission points out, Hungary’s measures against tax fraud and avoidance have been successful: the VAT gap fell by more than 4 percentage points in one year.
Inflation Edges Down 0.1% In August
- 9 Sep 2016 9:00 AM
- business
Consumer prices in Hungary fell by an annual 0.1% in August, dropping for the fourth month in a row, the Central Statistical Office (KSH) said. The decline slowed from 0.3% in July. CPI dropped on a 4.1% fall in prices for the category of goods that includes vehicle fuel. Food prices were up by 0.6%, the price of alcohol and tobacco climbed by 1.9% and service prices rose by 1.1%.
Hungary Q2 GDP Growth Rate Confirmed At 2.6%
- 7 Sep 2016 9:00 AM
- business
Hungary’s economy grew by an annual 2.6% in the second quarter, up from 1.1% in the first quarter, the Central Statistical Office (KSH) confirmed in a second reading of data. KSH revised Q1 upward by two-tenths of a percentage point on the back of better farm sector output.
Investment Volume Down 20.3% In Q2
- 1 Sep 2016 9:00 AM
- business
Investment volume in Hungary fell by an annual 20.3% in the second quarter, the Central Statistical Office reported. Investment volume fell after already dropping by 12.6% in the first quarter of the year. For the first half of 2016 investment volume was down 17.3%.
Ministry: Hungary Unemployment Rate At Record Low
- 31 Aug 2016 9:00 AM
- business
Hungary’s employment rate has broken a new record and its 5% unemployment rate is at a record low level since the change in political system, the economy ministry said commenting on the Central Statistical Office’s jobs report.
NBH Leaves Base Rate Unchanged At 0.90%
- 24 Aug 2016 9:00 AM
- business
Hungarian rate setters kept the base rate unchanged at 0.90% at a policy meeting on Tuesday. The decision was in line with the expectations of analysts. The Council also left the interest rate corridor, a band around the base rate that prevents extreme fluctuations of interbank rates, unchanged at the meeting on Tuesday.
Chinese Investor To Buy Rác Baths In Budapest
- 10 Aug 2016 9:00 AM
- business
Towercrest Group, a Beijing-based investor, is about to purchase Rác Nosztalgia, the owner of the Rác bath and hotel in the First District from the city of Budapest, business news site Napi reports.