519 result(s) for bank system
ICSID Orders Hungary To Pay EUR 23 Million In Damages To French Company For Violating EU Law
- 20 Dec 2016 9:31 AM
- business
The World Bank’s International Centre for the Settlement of Investment Disputes has ordered Hungary to pay EUR 23 million (more than HUF 7 billion) in damages to the French voucher company Edenred for the unlawful reorganization of the Hungarian food voucher market in 2012, a violation of EU law, reports globenewswire.com.
MKB To Support Eight Financial Technology Projects
- 20 Dec 2016 8:31 AM
- tech
MKB Bank has decided to support eight digital financial system development projects in a competition launched as part of the bank’s FinTech programme. The bank has received 56 applications for its FinTech competition, of which eight have been selected to participate in the 18-month incubation phase, due to start from January.
Instant Bank Transfer In The Pipeline
- 15 Dec 2016 10:00 AM
- business
The MNB has approved the implementation of instant bank transfer technology, the central bank announced on Wednesday. Instant transfers will be possible around the clock each day of the week for up to Ft 10 million.
Bill To Provide ‘Last Chance’ To Declare Foreign Bank Accounts
- 13 Dec 2016 9:00 AM
- business
The government submitted to parliament a package of amendment proposals under which owners of bank accounts in other countries would be granted a “last chance” to declare deposits outside Hungary.
Baron William de Gelsey Resigns As Chairman Of Richter’s Board Of Directors
- 7 Dec 2016 5:00 AM
- business
With effect from 1 January 2017 William de Gelsey will resign from his position as Chairman of the Board of Hungarian pharmaceutical company Gedeon Richter Plc. Gelsey, who intends to leave his his status as a member of the Board unaffected, will be replaced as chairman by Erik Bogsch, Richter’s Chief Executive Officer.
Socialist Leader Calls For Better Pension System
- 24 Nov 2016 8:00 AM
- current affairs
Pensioners should feel safe not vulnerable, and they should feel proud not poor, opposition Socialist Party leader Gyula Molnár said. The Socialists see issues around Hungary’s 2.7 million pensioners as cardinal, he told the conference on the sustainability of the pension system organised by the Friedrich Ebert and Táncsics Mihály foundations.
Minimum Wages To Significantly Increase
- 24 Nov 2016 2:40 AM
- business
Wages for unskilled workers will be raised by 15% and for skilled workers by 25% in 2017, according to Hungary's economy minister, Mihály Varga. He said that in 2018 the minimum wages will be increased by a further 8% and 12%, respectively.
Happy Birthday To Budapest
- 17 Nov 2016 8:20 AM
- community & culture
Some may be surprised to know Hungary’s capital is only 143 years young today, as Buda, Pest and Óbuda all merged into a single city on 17 November 1873.
Hungary Among Largest Beneficiaries Of EU Funds
- 23 Sep 2016 9:00 AM
- business
Hungary was the third-highest recipient of European Union money in the 28-member bloc between 2008-2015, and receives far more money from the European Investment Bank than it pays in, reports left-wing daily Népszabadság.
ICSID Orders Hungary To Pay EUR 23 Million In Damages To French Company For Violating EU Law
- 20 Dec 2016 9:31 AM
- business
The World Bank’s International Centre for the Settlement of Investment Disputes has ordered Hungary to pay EUR 23 million (more than HUF 7 billion) in damages to the French voucher company Edenred for the unlawful reorganization of the Hungarian food voucher market in 2012, a violation of EU law, reports globenewswire.com.
MKB To Support Eight Financial Technology Projects
- 20 Dec 2016 8:31 AM
- tech
MKB Bank has decided to support eight digital financial system development projects in a competition launched as part of the bank’s FinTech programme. The bank has received 56 applications for its FinTech competition, of which eight have been selected to participate in the 18-month incubation phase, due to start from January.
Instant Bank Transfer In The Pipeline
- 15 Dec 2016 10:00 AM
- business
The MNB has approved the implementation of instant bank transfer technology, the central bank announced on Wednesday. Instant transfers will be possible around the clock each day of the week for up to Ft 10 million.
Bill To Provide ‘Last Chance’ To Declare Foreign Bank Accounts
- 13 Dec 2016 9:00 AM
- business
The government submitted to parliament a package of amendment proposals under which owners of bank accounts in other countries would be granted a “last chance” to declare deposits outside Hungary.
Baron William de Gelsey Resigns As Chairman Of Richter’s Board Of Directors
- 7 Dec 2016 5:00 AM
- business
With effect from 1 January 2017 William de Gelsey will resign from his position as Chairman of the Board of Hungarian pharmaceutical company Gedeon Richter Plc. Gelsey, who intends to leave his his status as a member of the Board unaffected, will be replaced as chairman by Erik Bogsch, Richter’s Chief Executive Officer.
Socialist Leader Calls For Better Pension System
- 24 Nov 2016 8:00 AM
- current affairs
Pensioners should feel safe not vulnerable, and they should feel proud not poor, opposition Socialist Party leader Gyula Molnár said. The Socialists see issues around Hungary’s 2.7 million pensioners as cardinal, he told the conference on the sustainability of the pension system organised by the Friedrich Ebert and Táncsics Mihály foundations.
Minimum Wages To Significantly Increase
- 24 Nov 2016 2:40 AM
- business
Wages for unskilled workers will be raised by 15% and for skilled workers by 25% in 2017, according to Hungary's economy minister, Mihály Varga. He said that in 2018 the minimum wages will be increased by a further 8% and 12%, respectively.
Happy Birthday To Budapest
- 17 Nov 2016 8:20 AM
- community & culture
Some may be surprised to know Hungary’s capital is only 143 years young today, as Buda, Pest and Óbuda all merged into a single city on 17 November 1873.
Hungary Among Largest Beneficiaries Of EU Funds
- 23 Sep 2016 9:00 AM
- business
Hungary was the third-highest recipient of European Union money in the 28-member bloc between 2008-2015, and receives far more money from the European Investment Bank than it pays in, reports left-wing daily Népszabadság.