167 result(s) for banking sector
Hungarian Forint Plunges Against Swiss Franc
- 15 Jan 2015 5:04 AM
- business
The forint plunged against the Swiss franc on Thursday morning after the Swiss National Bank said it was discontinuing its minimum exchange rate of 1.20 francs to the euro. The forint traded at 310.34 to the Swiss franc around 11 in the morning from 265.51 about an hour earlier.
Hungary Seeks To Restore Domestic Ownership Of Major Enterprises
- 22 Dec 2014 8:00 AM
- current affairs
The Hungarian government is attempting to restore large enterprises to Hungarian state ownership. It is working hard to convince foreign owners to sell their assets to Hungarian investors. Heti Válasz offers a wrap-up of the four-year process, which includes, among other sectors, electricity generation and the media.
Unicredit Does Not Intend To Leave Hungary
- 12 Dec 2014 8:00 AM
- business
Italy’s UniCredit Bank has no intention of leaving Hungary, Gianni Franco Papa, Deputy chief executive of UniCredit Bank Austria has said. Papa reacted to an analysis on the Austrian banking sector published by Fitch Ratings. “Our local bank was one of very few profitable banks there till the end of Q3 2014.
Hungary's Sovereignty Must Be Protected, Prime Minister Says
- 8 Dec 2014 8:00 AM
- current affairs
National sovereignty consists of energy, financial and trade independence, Prime Minister Orbán pointed out in Kossuth Radio’s morning interview, adding he regards Senator McCain’s recent claims as “extremist”. Viktor Orbán also noted Hungary’s national sovereignty is far more important than dealing with such statements.
State Of Hungary To Purchase Budapest Bank From General Electric
- 5 Dec 2014 8:00 AM
- business
The process is expected to be finalized by the end of the first half of 2015, Minister for National Economy Mihály Varga said at an extraordinary press conference in Budapest.
Hungary To Buy Budapest Bank From American GE
- 4 Dec 2014 4:00 AM
- business
The Hungarian state will buy Budapest Bank, Hungary’s eighth-biggest lender, from current owner GE, the government has announced. The government signed a preliminary contract to buy the bank on Thursday.
EC: Hungary On Track For Deficit Target, Not On Debt
- 3 Dec 2014 8:00 AM
- business
The European Commission said Hungary is “on track” to achieving this year’s deficit target of 2.9% of gross domestic product (GDP), but added that state debt is “not yet on a firm downward path” in a memo following a postprogramme surveillance mission to the country. The EC said that the projected pace of debt reduction “appears at risk of breaching the requirements of the Stability and Growth ...
Hungary: EIB Supports SMEs And Municipalities With EUR 100 Million Channelled Through MFB
- 23 Oct 2014 9:00 AM
- business
The European Investment Bank (EIB) has provided a loan of EUR 100 million to MFB Magyar Fejlesztési Bank Zártkörűen Működő Részvénytársaság (MFB - Hungarian Development Bank) to finance small and medium-sized investments and infrastructure projects promoted by SMEs and public sector promoters in Hungary.
Xpat Opinion: Procreation And Pensions In Hungary
- 31 Aug 2014 9:00 AM
- current affairs
In the last month or so article after article appeared about the conclusions of a group of economists and demographers who have been discussing possible solutions to the interrelated problems of the low Hungarian birthrate and the eventual depletion of the state pension fund. This group, the Népesedési Kerekasztal (Demographic round table), seems to have the support of the Orbán government. It is ...
Hungarian Forint Plunges Against Swiss Franc
- 15 Jan 2015 5:04 AM
- business
The forint plunged against the Swiss franc on Thursday morning after the Swiss National Bank said it was discontinuing its minimum exchange rate of 1.20 francs to the euro. The forint traded at 310.34 to the Swiss franc around 11 in the morning from 265.51 about an hour earlier.
Hungary Seeks To Restore Domestic Ownership Of Major Enterprises
- 22 Dec 2014 8:00 AM
- current affairs
The Hungarian government is attempting to restore large enterprises to Hungarian state ownership. It is working hard to convince foreign owners to sell their assets to Hungarian investors. Heti Válasz offers a wrap-up of the four-year process, which includes, among other sectors, electricity generation and the media.
Unicredit Does Not Intend To Leave Hungary
- 12 Dec 2014 8:00 AM
- business
Italy’s UniCredit Bank has no intention of leaving Hungary, Gianni Franco Papa, Deputy chief executive of UniCredit Bank Austria has said. Papa reacted to an analysis on the Austrian banking sector published by Fitch Ratings. “Our local bank was one of very few profitable banks there till the end of Q3 2014.
Hungary's Sovereignty Must Be Protected, Prime Minister Says
- 8 Dec 2014 8:00 AM
- current affairs
National sovereignty consists of energy, financial and trade independence, Prime Minister Orbán pointed out in Kossuth Radio’s morning interview, adding he regards Senator McCain’s recent claims as “extremist”. Viktor Orbán also noted Hungary’s national sovereignty is far more important than dealing with such statements.
State Of Hungary To Purchase Budapest Bank From General Electric
- 5 Dec 2014 8:00 AM
- business
The process is expected to be finalized by the end of the first half of 2015, Minister for National Economy Mihály Varga said at an extraordinary press conference in Budapest.
Hungary To Buy Budapest Bank From American GE
- 4 Dec 2014 4:00 AM
- business
The Hungarian state will buy Budapest Bank, Hungary’s eighth-biggest lender, from current owner GE, the government has announced. The government signed a preliminary contract to buy the bank on Thursday.
EC: Hungary On Track For Deficit Target, Not On Debt
- 3 Dec 2014 8:00 AM
- business
The European Commission said Hungary is “on track” to achieving this year’s deficit target of 2.9% of gross domestic product (GDP), but added that state debt is “not yet on a firm downward path” in a memo following a postprogramme surveillance mission to the country. The EC said that the projected pace of debt reduction “appears at risk of breaching the requirements of the Stability and Growth ...
Hungary: EIB Supports SMEs And Municipalities With EUR 100 Million Channelled Through MFB
- 23 Oct 2014 9:00 AM
- business
The European Investment Bank (EIB) has provided a loan of EUR 100 million to MFB Magyar Fejlesztési Bank Zártkörűen Működő Részvénytársaság (MFB - Hungarian Development Bank) to finance small and medium-sized investments and infrastructure projects promoted by SMEs and public sector promoters in Hungary.
Xpat Opinion: Procreation And Pensions In Hungary
- 31 Aug 2014 9:00 AM
- current affairs
In the last month or so article after article appeared about the conclusions of a group of economists and demographers who have been discussing possible solutions to the interrelated problems of the low Hungarian birthrate and the eventual depletion of the state pension fund. This group, the Népesedési Kerekasztal (Demographic round table), seems to have the support of the Orbán government. It is ...