325 result(s) for bank chief
Hungary's Forint Drops Sharply Over Greece, Fidesz Flaying C.Bank Chief
- 28 Apr 2010 3:00 AM
- business
"First day after the overwhelming election victory of Hungary’s centre-right Fidesz party, Prime Minister candidate Viktor Orbán has already jumped down the throat of the financial markets regulator (PSZÁF) and the National Bank of Hungary (NBH), especially harshly criticising central bank Governor András Simor. Analysts do not seem to be happy.
Hungary C.Bank Chief Intends To Stay Until His Mandate Expires
- 27 Apr 2010 3:00 AM
- business
"There were two proposals discussed at the Monetary Council’s rate meeting on Monday, one to lower the benchmark rate by 25 bps and one to cut it by 50 bps. The former proposal was supported by a "convincing majority", NBH Governor András Simor told a press conference. Hungary’s base rate was trimmed to an all-time low of 5.15% today.
Far-Right Jobbik Gathers Perilous Clouds Over Hungary - International Press
- 14 Apr 2010 4:00 AM
- current affairs
"Hungary’s Socialist Party (MSZP) has received nearly 1.4 million votes less on Sunday, while centre-right Fidesz garnered almost 400,000 votes more than in the first round of the 2006 general elections. Fidesz looks set to gain a two-thirds majority in Parliament that would enable it to amend any legislation, including the constitution. Analysts expect the market reaction to be muted but ...
Hungary Euro Adoption Further In The Distance
- 26 Mar 2010 2:00 AM
- business
"The market has raised its deficit forecast for 2010 for the sixth month in a row, a Reuters poll conducted between March 22 and 25 and published on Thursday showed. According to the consensus forecast of analysts, the central bank (NBH) will continue its rate cut cycle next Monday, with only three of the 27 respondents projecting unchanged rates.
Ringier-Axel Springer Merger Would Create Print Media King In Hungary
- 25 Mar 2010 10:58 AM
- business
"The merger of Swiss Ringier and Germany’s Axel Springer would create the biggest print media company in Hungary, provided the competition authority green-lights the deal. Ringier AG and Axel Springer AG have announced on Wednesday that they will combine their operations in five Eastern European countries in a new company to be headquartered in Zurich, Switzerland. Each partner will hold 50% of ...
Hungary Magyar Telekom To Provide Gas And Electricity Services
- 12 Mar 2010 12:00 AM
- business
"Management of Hungarian telecoms group Magyar Telekom have on Thursday confirmed market rumours that the company intends to enter the energy market as a service provider. Although MTel’s primary means to give cash to its shareholders remains dividend payment, it aims to keep its option open to repurchase own shares, CFO Tilo Kusch told a background meeting with journalists.
Netherlands-Hungarian Chamber of Commerce Event, 18 March
- 12 Mar 2010 12:00 AM
- community & culture
"The Netherlands-Hungarian Chamber of Commerce is organizing together with ProfiPower a morning break on the 18th of March. Speaker at this event is Dávid Németh, Senior Economist of ING Bank, Hungary
Hungary Needs "Fiscal Dictatorship" - Járai
- 11 Mar 2010 1:00 AM
- business
"Hungary would still be on the verge of sovereign default if it was not for the IMF credit, said Zsigmond Járai, former Governor of the central bank (NBH). He also told a conference in Budapest on Tuesday that the c.bank pursued a wrong monetary policy and that it should have lowered interest rates drastically. He noted that Hungary would need to rewrite its Convergence Programme as quickly as ...
Hungary Csányi Puts Spice In Food Business By Snatching Salami Maker Herz
- 9 Mar 2010 3:00 AM
- business
"Hungary’s competition authority (GVH) has approved Bonafarm Zrt., an interest of OTP Bank Chairman-CEO Sándor Csányi, to acquire 100% of salami maker Herz Szalámigyár Zrt., and all of its movable and immovable property. Herz has been under liquidation.
Hungary's Forint Drops Sharply Over Greece, Fidesz Flaying C.Bank Chief
- 28 Apr 2010 3:00 AM
- business
"First day after the overwhelming election victory of Hungary’s centre-right Fidesz party, Prime Minister candidate Viktor Orbán has already jumped down the throat of the financial markets regulator (PSZÁF) and the National Bank of Hungary (NBH), especially harshly criticising central bank Governor András Simor. Analysts do not seem to be happy.
Hungary C.Bank Chief Intends To Stay Until His Mandate Expires
- 27 Apr 2010 3:00 AM
- business
"There were two proposals discussed at the Monetary Council’s rate meeting on Monday, one to lower the benchmark rate by 25 bps and one to cut it by 50 bps. The former proposal was supported by a "convincing majority", NBH Governor András Simor told a press conference. Hungary’s base rate was trimmed to an all-time low of 5.15% today.
Far-Right Jobbik Gathers Perilous Clouds Over Hungary - International Press
- 14 Apr 2010 4:00 AM
- current affairs
"Hungary’s Socialist Party (MSZP) has received nearly 1.4 million votes less on Sunday, while centre-right Fidesz garnered almost 400,000 votes more than in the first round of the 2006 general elections. Fidesz looks set to gain a two-thirds majority in Parliament that would enable it to amend any legislation, including the constitution. Analysts expect the market reaction to be muted but ...
Hungary Euro Adoption Further In The Distance
- 26 Mar 2010 2:00 AM
- business
"The market has raised its deficit forecast for 2010 for the sixth month in a row, a Reuters poll conducted between March 22 and 25 and published on Thursday showed. According to the consensus forecast of analysts, the central bank (NBH) will continue its rate cut cycle next Monday, with only three of the 27 respondents projecting unchanged rates.
Ringier-Axel Springer Merger Would Create Print Media King In Hungary
- 25 Mar 2010 10:58 AM
- business
"The merger of Swiss Ringier and Germany’s Axel Springer would create the biggest print media company in Hungary, provided the competition authority green-lights the deal. Ringier AG and Axel Springer AG have announced on Wednesday that they will combine their operations in five Eastern European countries in a new company to be headquartered in Zurich, Switzerland. Each partner will hold 50% of ...
Hungary Magyar Telekom To Provide Gas And Electricity Services
- 12 Mar 2010 12:00 AM
- business
"Management of Hungarian telecoms group Magyar Telekom have on Thursday confirmed market rumours that the company intends to enter the energy market as a service provider. Although MTel’s primary means to give cash to its shareholders remains dividend payment, it aims to keep its option open to repurchase own shares, CFO Tilo Kusch told a background meeting with journalists.
Netherlands-Hungarian Chamber of Commerce Event, 18 March
- 12 Mar 2010 12:00 AM
- community & culture
"The Netherlands-Hungarian Chamber of Commerce is organizing together with ProfiPower a morning break on the 18th of March. Speaker at this event is Dávid Németh, Senior Economist of ING Bank, Hungary
Hungary Needs "Fiscal Dictatorship" - Járai
- 11 Mar 2010 1:00 AM
- business
"Hungary would still be on the verge of sovereign default if it was not for the IMF credit, said Zsigmond Járai, former Governor of the central bank (NBH). He also told a conference in Budapest on Tuesday that the c.bank pursued a wrong monetary policy and that it should have lowered interest rates drastically. He noted that Hungary would need to rewrite its Convergence Programme as quickly as ...
Hungary Csányi Puts Spice In Food Business By Snatching Salami Maker Herz
- 9 Mar 2010 3:00 AM
- business
"Hungary’s competition authority (GVH) has approved Bonafarm Zrt., an interest of OTP Bank Chairman-CEO Sándor Csányi, to acquire 100% of salami maker Herz Szalámigyár Zrt., and all of its movable and immovable property. Herz has been under liquidation.