341 result(s) for banking in Articles
Hungarian State Owned MKB Objects To Media Reports
- 28 Dec 2015 9:00 AM
- business
State-owned MKB bank issued an announcement on Wednesday warning media outlets not to disclose bank secrets. Following EU approval on December 16 of the bank’s consolidation plan, MKB leaders have decided “to focus significantly greater attention on action against those in breach of banking confidentiality to comply with the letter and the spirit of the law,” the bank said.
Hungarian PM’s Office: Independent Consultants Say Paks 2 Profitable
- 23 Dec 2015 8:00 AM
- current affairs
Independent international consultants have said that the upgrade of the Paks nuclear power plant is a profitable project, the Prime Minister’s Office said. The office noted that after two years of consultations with the European Commission, on November 23 the European Union’s executive body launched an in-depth investigation into Hungary’s plan to provide financing for the upgrade of the plant to ...
Hungarian Govt Proposes Reduced Banking Tax From Jan 1
- 12 Dec 2015 8:00 AM
- business
The government has proposed lowering the banking tax as of January 2016 from 0.31% to 0.24%, the economy ministry said. The reduction was proposed based on informal signals from the European Commission and an agreement with the European Bank for Reconstruction and Development (EBRD), the ministry said. The tax’s lower bracket would remain the same, 0.15% up to 50 billion forints.
Hungarian Government Office Chief Lázár Praises Tusk, Condemns Soros
- 4 Dec 2015 8:00 AM
- current affairs
The government office chief welcomed European Council President Donald Tusk’s demand for measures to stanch the wave of migrants. Meanwhile, Lázár claimed that a civil organisation sponsored by Hungarianborn financier George Soros has launched a signature campaign against Hungary, saying that it is hard to understand what the Hungarianborn US businessman’s problem with his home country is.
Reactions To Quaestor Compensation Law In Hungary
- 18 Nov 2015 8:00 AM
- business
Hungary’s ruling Fidesz party said the Constitutional Court’s decision to axe parts of a law on compensation for investors of failed brokerage Quaestor served the interests of the banking sector, while opposition parties once again called on the government and central bank to take responsibility for the scandal. Tuesday’s Constitutional Court ruling concerns the law governing a top-up fund which ...
KidExpo Budapest: Autumn Excitement For Expat Families, 13 - 15 Nov
- 12 Nov 2015 12:45 AM
- community & culture
Don't miss this great seasonal festival at Budapest Aréna, where teh whole family can join in the celebration of the 10th anniversary of the KidExpo. Here are just a couple of the things in focus at this year's event; healthy diets, the best educational choices for gifted and talented kids, as well as best practices for sustainability and how to be a mindful citizen when it comes to preserving ...
National Bank of Hungary To Launch Growth Supporting Programme
- 4 Nov 2015 8:00 AM
- business
The National Bank of Hungary will launch a Growth Supporting Programme (GSP) in January with the aim of increasing the banking sector’s lending to small and medium-sized firms by 250-400 billion forints, or 5-10% of total corporate lending stock, in 2016. The GSP comprises the final phase of the NBH’s Funding for Growth Scheme (FGS) as well as a package of incentives for active lenders dubbed the ...
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 ...
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.
Hungarian State Owned MKB Objects To Media Reports
- 28 Dec 2015 9:00 AM
- business
State-owned MKB bank issued an announcement on Wednesday warning media outlets not to disclose bank secrets. Following EU approval on December 16 of the bank’s consolidation plan, MKB leaders have decided “to focus significantly greater attention on action against those in breach of banking confidentiality to comply with the letter and the spirit of the law,” the bank said.
Hungarian PM’s Office: Independent Consultants Say Paks 2 Profitable
- 23 Dec 2015 8:00 AM
- current affairs
Independent international consultants have said that the upgrade of the Paks nuclear power plant is a profitable project, the Prime Minister’s Office said. The office noted that after two years of consultations with the European Commission, on November 23 the European Union’s executive body launched an in-depth investigation into Hungary’s plan to provide financing for the upgrade of the plant to ...
Hungarian Govt Proposes Reduced Banking Tax From Jan 1
- 12 Dec 2015 8:00 AM
- business
The government has proposed lowering the banking tax as of January 2016 from 0.31% to 0.24%, the economy ministry said. The reduction was proposed based on informal signals from the European Commission and an agreement with the European Bank for Reconstruction and Development (EBRD), the ministry said. The tax’s lower bracket would remain the same, 0.15% up to 50 billion forints.
Hungarian Government Office Chief Lázár Praises Tusk, Condemns Soros
- 4 Dec 2015 8:00 AM
- current affairs
The government office chief welcomed European Council President Donald Tusk’s demand for measures to stanch the wave of migrants. Meanwhile, Lázár claimed that a civil organisation sponsored by Hungarianborn financier George Soros has launched a signature campaign against Hungary, saying that it is hard to understand what the Hungarianborn US businessman’s problem with his home country is.
Reactions To Quaestor Compensation Law In Hungary
- 18 Nov 2015 8:00 AM
- business
Hungary’s ruling Fidesz party said the Constitutional Court’s decision to axe parts of a law on compensation for investors of failed brokerage Quaestor served the interests of the banking sector, while opposition parties once again called on the government and central bank to take responsibility for the scandal. Tuesday’s Constitutional Court ruling concerns the law governing a top-up fund which ...
KidExpo Budapest: Autumn Excitement For Expat Families, 13 - 15 Nov
- 12 Nov 2015 12:45 AM
- community & culture
Don't miss this great seasonal festival at Budapest Aréna, where teh whole family can join in the celebration of the 10th anniversary of the KidExpo. Here are just a couple of the things in focus at this year's event; healthy diets, the best educational choices for gifted and talented kids, as well as best practices for sustainability and how to be a mindful citizen when it comes to preserving ...
National Bank of Hungary To Launch Growth Supporting Programme
- 4 Nov 2015 8:00 AM
- business
The National Bank of Hungary will launch a Growth Supporting Programme (GSP) in January with the aim of increasing the banking sector’s lending to small and medium-sized firms by 250-400 billion forints, or 5-10% of total corporate lending stock, in 2016. The GSP comprises the final phase of the NBH’s Funding for Growth Scheme (FGS) as well as a package of incentives for active lenders dubbed the ...
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 ...
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.