152 result(s) for banking sector
PM Orbán: Half Of Banks Should Be Hungarian-Owned
- 13 Mar 2013 8:00 AM
- business
Half of Hungary’s bank sector should be Hungarian-owned and foreign-currency loans owed by SMEs should be converted into forints, Prime Minister Viktor Orbán said Tuesday during a wide-ranging speech on economic policy. Speaking at a Hungarian Chamber of Commerce and Industry (MKIK) meeting, Orbán said the credit crunch in Hungary came about because foreign-owned banks withdrew money from Hungary
Hungary's Incoming Minister of National Economy Outlined Economic Policy Cornerstones
- 6 Mar 2013 8:01 AM
- current affairs
Mihály Varga has explained his views on Hungarian economic policy targets at hearings in the Parliament’s education and employment committees taking place yesterday and continuing today. The hearings took place prior to the Minister’s official appointment at the helm of the National Economy Ministry in a new post merging with his earlier position as chief negotiator with the IMF. The committees ...
Hungary's PM Nominates György Matolcsy To The Post Of Central Bank Governor
- 1 Mar 2013 8:01 AM
- current affairs
Prime Minister Viktor Orbán announced today that Minister György Matolcsy is the nominee for Central Bank governor to replace András Simor. The Ministry for National Economy will be headed by Minister without portfolio Mihály Varga, who was responsible for liaising with certain international financial organisations.
Foreign Currency Debt Issuance May Not Be Necessary Next Year In Hungary
- 18 Dec 2012 8:00 AM
- business
According to Minister of National Economy György Matolcsy, Hungary may not need to issue foreign currency denominated government securities on international financial markets next year. That was one of the issues the Minister spoke about at the economic programme G7 of Hungary’s public service broadcaster Kossuth Radio on Saturday.
Xpat Opinion: Downgrading By Standard & Poor’s Criticised In Hungary
- 28 Nov 2012 8:00 AM
- current affairs
A pro-government commentator calls the downgrading of Hungary’s sovereign debt by S&P “low grade entertainment”, unsubstantiated by the actual state of Hungarian public finances.
Xpat Opinion: Guessing Hungary's PM Orbán’s Strategy In Negotiations With The EU
- 28 Nov 2012 8:00 AM
- current affairs
The leading pro-government daily welcomes the failure of the EU summit as a sign of democracy and good news for Hungary, while its left-wing counterpart accuses PM Orbán of selfishness. An influential economist says that although the EU’s growth forecasts are biased against Hungary, the government has to make efforts to convince Brussels anyway. An independent centrist outlet suspects that once ...
Hungary: EIB Continues To Support Smaller Private Companies With EUR 100 Million
- 10 Oct 2012 9:00 AM
- business
The European Investment Bank (EIB) is providing 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, midcap companies and public sector promoters in Hungary.
Xpat Report: 10th Annual CEE Retail Banking, Sofitel Budapest, 4 - 5 October
- 5 Oct 2012 6:00 AM
- business
Already in its tenth year, Fleming Europe‘s 10th Annual CEE Retail Banking conference takes place in the Hungarian capital of Budapest. Over 150 high-profile executive delegates from more than twenty countries have gathered to listen to over 25 speakers presenting case studies and presentations assorted into two streams.
Xpat Opinion: An Argument In Favour Of The PM’s Idea Of Placing Half Of The Banks In Hungarian Hands
- 4 Sep 2012 9:00 AM
- business
A pro-government analyst approves the Prime Minister’s idea that at least half of Hungary’s banking sector ought to be in Hungarian hands. Three days after defending Viktor Orbán’s plan to buy back Hungary’s main gas supply chain from its German owner (see BudaPost, August 29), Magyar Nemzet’s Csaba Erdősi elaborates on why he believes it would make sense to have a substantial proportion of the ...
PM Orbán: Half Of Banks Should Be Hungarian-Owned
- 13 Mar 2013 8:00 AM
- business
Half of Hungary’s bank sector should be Hungarian-owned and foreign-currency loans owed by SMEs should be converted into forints, Prime Minister Viktor Orbán said Tuesday during a wide-ranging speech on economic policy. Speaking at a Hungarian Chamber of Commerce and Industry (MKIK) meeting, Orbán said the credit crunch in Hungary came about because foreign-owned banks withdrew money from Hungary
Hungary's Incoming Minister of National Economy Outlined Economic Policy Cornerstones
- 6 Mar 2013 8:01 AM
- current affairs
Mihály Varga has explained his views on Hungarian economic policy targets at hearings in the Parliament’s education and employment committees taking place yesterday and continuing today. The hearings took place prior to the Minister’s official appointment at the helm of the National Economy Ministry in a new post merging with his earlier position as chief negotiator with the IMF. The committees ...
Hungary's PM Nominates György Matolcsy To The Post Of Central Bank Governor
- 1 Mar 2013 8:01 AM
- current affairs
Prime Minister Viktor Orbán announced today that Minister György Matolcsy is the nominee for Central Bank governor to replace András Simor. The Ministry for National Economy will be headed by Minister without portfolio Mihály Varga, who was responsible for liaising with certain international financial organisations.
Foreign Currency Debt Issuance May Not Be Necessary Next Year In Hungary
- 18 Dec 2012 8:00 AM
- business
According to Minister of National Economy György Matolcsy, Hungary may not need to issue foreign currency denominated government securities on international financial markets next year. That was one of the issues the Minister spoke about at the economic programme G7 of Hungary’s public service broadcaster Kossuth Radio on Saturday.
Xpat Opinion: Downgrading By Standard & Poor’s Criticised In Hungary
- 28 Nov 2012 8:00 AM
- current affairs
A pro-government commentator calls the downgrading of Hungary’s sovereign debt by S&P “low grade entertainment”, unsubstantiated by the actual state of Hungarian public finances.
Xpat Opinion: Guessing Hungary's PM Orbán’s Strategy In Negotiations With The EU
- 28 Nov 2012 8:00 AM
- current affairs
The leading pro-government daily welcomes the failure of the EU summit as a sign of democracy and good news for Hungary, while its left-wing counterpart accuses PM Orbán of selfishness. An influential economist says that although the EU’s growth forecasts are biased against Hungary, the government has to make efforts to convince Brussels anyway. An independent centrist outlet suspects that once ...
Hungary: EIB Continues To Support Smaller Private Companies With EUR 100 Million
- 10 Oct 2012 9:00 AM
- business
The European Investment Bank (EIB) is providing 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, midcap companies and public sector promoters in Hungary.
Xpat Report: 10th Annual CEE Retail Banking, Sofitel Budapest, 4 - 5 October
- 5 Oct 2012 6:00 AM
- business
Already in its tenth year, Fleming Europe‘s 10th Annual CEE Retail Banking conference takes place in the Hungarian capital of Budapest. Over 150 high-profile executive delegates from more than twenty countries have gathered to listen to over 25 speakers presenting case studies and presentations assorted into two streams.
Xpat Opinion: An Argument In Favour Of The PM’s Idea Of Placing Half Of The Banks In Hungarian Hands
- 4 Sep 2012 9:00 AM
- business
A pro-government analyst approves the Prime Minister’s idea that at least half of Hungary’s banking sector ought to be in Hungarian hands. Three days after defending Viktor Orbán’s plan to buy back Hungary’s main gas supply chain from its German owner (see BudaPost, August 29), Magyar Nemzet’s Csaba Erdősi elaborates on why he believes it would make sense to have a substantial proportion of the ...