167 result(s) for banking sector
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.
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.
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.
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.