152 result(s) for banking sector
Lawmakers Can Modify Forex Loan Contracts, Hungary’s Constitutional Court Rules
- 18 Mar 2014 8:00 AM
- property
Existing contracts for foreign-currency mortgages may be modified by legislation, Hungary’s Constitutional Court ruled. Its decision came after the government asked the court to weigh the constitutionality of several conditions in the forex loan contracts. Among the government’s concerns was that borrowers had not been warned of the risks that a falling exchange rate would have on their monthly ...
Hungary Banking Sector Becomes Profitable In 2013
- 25 Feb 2014 8:00 AM
- business
Hungary’s banking sector had combined pre-tax profit of 155.2 billion forints in 2013, helped by higher revenue from commissions and fees as well as one-off items, preliminary data published by the National Bank of Hungary (NBH) on Monday show.
Xpat Opinion: Banking Services In Hungary: Not A Bad Business Afterall?
- 16 Jan 2014 8:00 AM
- business
In 2010, when the Government introduced crisis taxes on banks, the measures met with surprise and shock. Some predicted that the taxes would provoke banks to completely deleverage and leave Hungary. The reaction did not surprise Government officials, however, who responded that if the financial crisis were to deepen in Hungary it would not be due to banks leaving Hungary but because of the high ...
Hungary’s Top Court Rules FX Lending Legal
- 17 Dec 2013 8:00 AM
- current affairs
Banks cannot be held responsible for dearer foreign currency mortgages due to changes in the exchange rate, the court said. Hungary’s Supreme Court, the Kúria, ruled on Monday that lending in foreign currency and related contracts are legal, and the client should bear the risks related to exchange rate fluctuations.
Budget 2014: Inflation Projected At 2.4% And Budget Deficit At 2.9% In Hungary
- 23 Sep 2013 1:00 AM
- business
The Ministry for National Economy drafted next year’s budget with a deficit of 2.9 percent and an inflation rate of 2.4 percent, Minister Mihály Varga stated on Sunday. The Minister also disclosed that the Ministry calculated the 2014 Budget without revenues from the advertisement tax and the below 3 percent deficit target will be attainable even without that. “I anticipate only slight ...
Xpat Opinion: Hungary's OTP Chief Sándor Csányi’s Press Conference
- 26 Jul 2013 1:00 AM
- business
As Portfolio, the bilingual financial site, said today, “everybody was sitting on pins and needles” waiting for the cabinet decision on the fate of the loans issued in foreign currencies. However, it seems that the government wisely postponed the decision. So, for a while we will not know what kind of a solution the government will come up with.
Hungary's PM Orbán Argues His Case In Interview With WSJ
- 22 Jul 2013 9:00 AM
- current affairs
Hungary’s unorthodox economic policies are actually innovative and purposeful, as conventional economic policy does not work in times of crisis, Prime Minister Viktor Orbán said in an interview with The Wall Street Journal. Defending the extra taxes on such sectors as banking, energy telecoms and retail, he confirmed that they will remain until the state debt is below 50% of GDP, which he said ...
Hungary's PM Addressed Annual Ambassadors’ Meeting
- 17 Jul 2013 9:00 AM
- current affairs
Hungary has a vested interest in seeing the success of the Eurozone, as we are linked to the bloc in many ways, Prime Minister Viktor Orbán said, addressing the annual meeting of ambassadors in Budapest on Tuesday.
Xpat Event Report: Hungary Welcomes Foreign Investors & Producers
- 2 Apr 2013 9:02 AM
- business
The Hungarian banking sector is safe, Foreign Minister János Martonyi said in connection with the Cyprus crisis, speaking at a business forum of the American Chamber of Commerce on Thursday.
Lawmakers Can Modify Forex Loan Contracts, Hungary’s Constitutional Court Rules
- 18 Mar 2014 8:00 AM
- property
Existing contracts for foreign-currency mortgages may be modified by legislation, Hungary’s Constitutional Court ruled. Its decision came after the government asked the court to weigh the constitutionality of several conditions in the forex loan contracts. Among the government’s concerns was that borrowers had not been warned of the risks that a falling exchange rate would have on their monthly ...
Hungary Banking Sector Becomes Profitable In 2013
- 25 Feb 2014 8:00 AM
- business
Hungary’s banking sector had combined pre-tax profit of 155.2 billion forints in 2013, helped by higher revenue from commissions and fees as well as one-off items, preliminary data published by the National Bank of Hungary (NBH) on Monday show.
Xpat Opinion: Banking Services In Hungary: Not A Bad Business Afterall?
- 16 Jan 2014 8:00 AM
- business
In 2010, when the Government introduced crisis taxes on banks, the measures met with surprise and shock. Some predicted that the taxes would provoke banks to completely deleverage and leave Hungary. The reaction did not surprise Government officials, however, who responded that if the financial crisis were to deepen in Hungary it would not be due to banks leaving Hungary but because of the high ...
Hungary’s Top Court Rules FX Lending Legal
- 17 Dec 2013 8:00 AM
- current affairs
Banks cannot be held responsible for dearer foreign currency mortgages due to changes in the exchange rate, the court said. Hungary’s Supreme Court, the Kúria, ruled on Monday that lending in foreign currency and related contracts are legal, and the client should bear the risks related to exchange rate fluctuations.
Budget 2014: Inflation Projected At 2.4% And Budget Deficit At 2.9% In Hungary
- 23 Sep 2013 1:00 AM
- business
The Ministry for National Economy drafted next year’s budget with a deficit of 2.9 percent and an inflation rate of 2.4 percent, Minister Mihály Varga stated on Sunday. The Minister also disclosed that the Ministry calculated the 2014 Budget without revenues from the advertisement tax and the below 3 percent deficit target will be attainable even without that. “I anticipate only slight ...
Xpat Opinion: Hungary's OTP Chief Sándor Csányi’s Press Conference
- 26 Jul 2013 1:00 AM
- business
As Portfolio, the bilingual financial site, said today, “everybody was sitting on pins and needles” waiting for the cabinet decision on the fate of the loans issued in foreign currencies. However, it seems that the government wisely postponed the decision. So, for a while we will not know what kind of a solution the government will come up with.
Hungary's PM Orbán Argues His Case In Interview With WSJ
- 22 Jul 2013 9:00 AM
- current affairs
Hungary’s unorthodox economic policies are actually innovative and purposeful, as conventional economic policy does not work in times of crisis, Prime Minister Viktor Orbán said in an interview with The Wall Street Journal. Defending the extra taxes on such sectors as banking, energy telecoms and retail, he confirmed that they will remain until the state debt is below 50% of GDP, which he said ...
Hungary's PM Addressed Annual Ambassadors’ Meeting
- 17 Jul 2013 9:00 AM
- current affairs
Hungary has a vested interest in seeing the success of the Eurozone, as we are linked to the bloc in many ways, Prime Minister Viktor Orbán said, addressing the annual meeting of ambassadors in Budapest on Tuesday.
Xpat Event Report: Hungary Welcomes Foreign Investors & Producers
- 2 Apr 2013 9:02 AM
- business
The Hungarian banking sector is safe, Foreign Minister János Martonyi said in connection with the Cyprus crisis, speaking at a business forum of the American Chamber of Commerce on Thursday.