37 result(s) for banking revenue
Moody’s: Improved Employment, Higher Real Wages Positive For Banks
- 31 May 2016 9:00 AM
- business
Lower unemployment, higher employment and rising real wages should positively impact Hungary’s banking sector, ratings agency Moody’s said in an analysis. Higher real wages is credit positive for banks because it enhances households’ ability to service their bank loans and will help reduce banks’ nonperforming retail loans.
Gyurcsány Wins Legal Case Against PM Orbán
- 2 May 2016 9:00 AM
- current affairs
Altus Zrt., Ferenc Gyurcsány's company, sued Viktor Orbán because in May 2015 Orbán claimed that Altus is a bogus company created for the sole purpose of generating revenue from the European Union to finance Gyurcsány's party, the Democratic Coalition - Hungarian Spectrum reported. Orbán has to openly express his regret for ever having made such a statement.
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.
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 ...
CEO’s More Optimistic In Hungary
- 29 May 2015 9:00 AM
- business
Hungarian executives are optimistic about the next 12 months, and are keeping a vigilant eye on Berlin.
“Sentiment among Hungarian chief executives reflects the global trend; confidence in global growth is waning, while their expectations of their own corporate earnings are slightly more optimistic”, said Nick Kós, CEO of PricewaterhouseCoopers (PwC) Hungary in response to our enquiry.
“Sentiment among Hungarian chief executives reflects the global trend; confidence in global growth is waning, while their expectations of their own corporate earnings are slightly more optimistic”, said Nick Kós, CEO of PricewaterhouseCoopers (PwC) Hungary in response to our enquiry.
Xpat Opinion: Stop Using Taxes As A Weapon
- 20 Feb 2015 8:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: It is generally understood that tax cuts are good for business, and can actually increase government revenue by encouraging private-sector activity, which in turn generates more taxable revenue.
Hungary Buys Stake In ERSTE, Pledges Bank Tax Cut
- 13 Feb 2015 8:00 AM
- business
Conservative pundits welcome the government’s decision to temporarily invest in ERSTE Bank Hungary and pledge to take out the surplus bank tax. This, they believe, will help consolidate the banking sector and boost lending. A left-wing commentator doubts that the government will fulfil its promises.
IMF Issues Concluding Statement On Hungary
- 4 Feb 2015 8:01 AM
- current affairs
Hungary’s economy is coming back from the crisis but the road to strong, sustained activity and higher private sector employment is still a long one. Macroeconomic policies have contributed to a welcome reduction in vulnerabilities, strong growth and a reduction in unemployment. But the country remains susceptible to shocks and its medium-term growth prospects are subdued.
Moody’s: Improved Employment, Higher Real Wages Positive For Banks
- 31 May 2016 9:00 AM
- business
Lower unemployment, higher employment and rising real wages should positively impact Hungary’s banking sector, ratings agency Moody’s said in an analysis. Higher real wages is credit positive for banks because it enhances households’ ability to service their bank loans and will help reduce banks’ nonperforming retail loans.
Gyurcsány Wins Legal Case Against PM Orbán
- 2 May 2016 9:00 AM
- current affairs
Altus Zrt., Ferenc Gyurcsány's company, sued Viktor Orbán because in May 2015 Orbán claimed that Altus is a bogus company created for the sole purpose of generating revenue from the European Union to finance Gyurcsány's party, the Democratic Coalition - Hungarian Spectrum reported. Orbán has to openly express his regret for ever having made such a statement.
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.
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 ...
CEO’s More Optimistic In Hungary
- 29 May 2015 9:00 AM
- business
Hungarian executives are optimistic about the next 12 months, and are keeping a vigilant eye on Berlin.
“Sentiment among Hungarian chief executives reflects the global trend; confidence in global growth is waning, while their expectations of their own corporate earnings are slightly more optimistic”, said Nick Kós, CEO of PricewaterhouseCoopers (PwC) Hungary in response to our enquiry.
“Sentiment among Hungarian chief executives reflects the global trend; confidence in global growth is waning, while their expectations of their own corporate earnings are slightly more optimistic”, said Nick Kós, CEO of PricewaterhouseCoopers (PwC) Hungary in response to our enquiry.
Xpat Opinion: Stop Using Taxes As A Weapon
- 20 Feb 2015 8:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: It is generally understood that tax cuts are good for business, and can actually increase government revenue by encouraging private-sector activity, which in turn generates more taxable revenue.
Hungary Buys Stake In ERSTE, Pledges Bank Tax Cut
- 13 Feb 2015 8:00 AM
- business
Conservative pundits welcome the government’s decision to temporarily invest in ERSTE Bank Hungary and pledge to take out the surplus bank tax. This, they believe, will help consolidate the banking sector and boost lending. A left-wing commentator doubts that the government will fulfil its promises.
IMF Issues Concluding Statement On Hungary
- 4 Feb 2015 8:01 AM
- current affairs
Hungary’s economy is coming back from the crisis but the road to strong, sustained activity and higher private sector employment is still a long one. Macroeconomic policies have contributed to a welcome reduction in vulnerabilities, strong growth and a reduction in unemployment. But the country remains susceptible to shocks and its medium-term growth prospects are subdued.