2,266 result(s) for billion forint
Budapest District Council Sells Landmark To Mellow Mood Group
- 22 May 2014 9:00 AM
- property
The local council of Budapest’s 5th district has sold the landmark Párizsi Udvar building near the Danube for 2.1 billion forints (EUR 6.9m) to Mellow Mood Group, which operates a luxury hotel in the neighbouring Klotild Palace. District mayor Antal Rogán said the local council lacked the several billions of forints required to renovate the building.
Orbán: From Regional Laggard Hungary Has Become Front - Runner
- 22 May 2014 9:00 AM
- current affairs
Hungarians deserve respect for their achievements of the past two years since they have succeeded in making the country a front-runner in the region from a laggard, Prime Minister Viktor Orbán said at a cornerstone ceremony for a new paper factory in Dunaujvaros, in central Hungary, Orbán said: “We are once again competitive with the best in the region, and are in the running for the title of ...
Hungarian Banks Face High Costs If Government Expands Rate-Cap Scheme, Says Bank Chief
- 20 May 2014 9:00 AM
- business
Expanding the government scheme to cap the exchange rate for forex mortgage repayments may well be a good solution for troubled debtors but would cost the banking sector dearly, Mihály Patai told the press. Patai, recently re-elected as chairman of Hungary’s Banking Association, said a decision by the Kúria, Hungary’s supreme court, on forex loans expected in the autumn would raise banks’ costs, ...
Hungary Gets EU Nod On Bills For Post -Apr 15 Period, Says PM Office
- 19 May 2014 9:00 AM
- business
Hungary can now send bills to the European Commission for the post-Apr 15 period, after successful talks with the Commission earlier this week on what was interpreted by critics as a potential funding freeze. The Prime Minister’s office said that after Wednesday’s talks, Hungary can expect that its invoices pertaining to the period after April 15 will be received by the EU, although it was told ...
State Owned Company Suspends Sale Of HUF 3Bn Of Wine
- 16 May 2014 9:00 AM
- business
State-owned wine company Tokaj Kereskedőház has suspended the sale of 3 billion forints of product because of improper preparation under the previous management, Hungarian dailies Népszabadság and Magyar Nemzet said on Thursday.
Socialists To Resubmit Proposal On VAT Cut On Food
- 15 May 2014 9:00 AM
- shopping
The Socialist opposition plans to resubmit a proposal to parliament on cutting VAT on basic foods. Gábor Harangozó, deputy chairman of parliament’s committee for agriculture, and Zoltán Gőgös, the party’s agriculture spokesman, said that Russian sanctions have seriously damaged Hungarian meat exports and if Russian exports are not expected to pick up in the shortterm, domestic demand must be ...
Jobbik Raises Questions Over Casino Concessions In Hungary Awarded To Vajna
- 14 May 2014 9:00 AM
- current affairs
The radical nationalist Jobbik party has called on the government to make public the criteria under which it awarded a casino concession to the company of a government commissioner. Jobbik lawmaker Enikő Hegedűs criticized the economy ministry for its recent decision to issue permits to Andrew Vajna’s company, the Las Vegas Casino Ltd, for operating another five casinos in Budapest and in ...
Indictment In Budapest Andrássy Ave Property Case
- 13 May 2014 9:00 AM
- property
The Municipal Chief Prosecutor’s Office has brought charges against 13 former district government officials and the former deputy notary in connection with the sale of a prestigious property on Andrássy Avenue, a World Heritage Site, in 2004, the Budapest chief prosecutor told MTI.
There Can Be Only One – Battle On The Online Classified Ad Market In Hungary
- 12 May 2014 9:00 AM
- tech
The fight for supremacy on the market of online classified advertisements continues in 2014. In fact, the market was stirred up again in the past month. A new competitive phase started with important announcements by the two largest players. Schibsted made acquisitions, while aprod.hu launched a renaming campaign. These changes warrant another look at Hungary’s online classified advertisement ...
Budapest District Council Sells Landmark To Mellow Mood Group
- 22 May 2014 9:00 AM
- property
The local council of Budapest’s 5th district has sold the landmark Párizsi Udvar building near the Danube for 2.1 billion forints (EUR 6.9m) to Mellow Mood Group, which operates a luxury hotel in the neighbouring Klotild Palace. District mayor Antal Rogán said the local council lacked the several billions of forints required to renovate the building.
Orbán: From Regional Laggard Hungary Has Become Front - Runner
- 22 May 2014 9:00 AM
- current affairs
Hungarians deserve respect for their achievements of the past two years since they have succeeded in making the country a front-runner in the region from a laggard, Prime Minister Viktor Orbán said at a cornerstone ceremony for a new paper factory in Dunaujvaros, in central Hungary, Orbán said: “We are once again competitive with the best in the region, and are in the running for the title of ...
Hungarian Banks Face High Costs If Government Expands Rate-Cap Scheme, Says Bank Chief
- 20 May 2014 9:00 AM
- business
Expanding the government scheme to cap the exchange rate for forex mortgage repayments may well be a good solution for troubled debtors but would cost the banking sector dearly, Mihály Patai told the press. Patai, recently re-elected as chairman of Hungary’s Banking Association, said a decision by the Kúria, Hungary’s supreme court, on forex loans expected in the autumn would raise banks’ costs, ...
Hungary Gets EU Nod On Bills For Post -Apr 15 Period, Says PM Office
- 19 May 2014 9:00 AM
- business
Hungary can now send bills to the European Commission for the post-Apr 15 period, after successful talks with the Commission earlier this week on what was interpreted by critics as a potential funding freeze. The Prime Minister’s office said that after Wednesday’s talks, Hungary can expect that its invoices pertaining to the period after April 15 will be received by the EU, although it was told ...
State Owned Company Suspends Sale Of HUF 3Bn Of Wine
- 16 May 2014 9:00 AM
- business
State-owned wine company Tokaj Kereskedőház has suspended the sale of 3 billion forints of product because of improper preparation under the previous management, Hungarian dailies Népszabadság and Magyar Nemzet said on Thursday.
Socialists To Resubmit Proposal On VAT Cut On Food
- 15 May 2014 9:00 AM
- shopping
The Socialist opposition plans to resubmit a proposal to parliament on cutting VAT on basic foods. Gábor Harangozó, deputy chairman of parliament’s committee for agriculture, and Zoltán Gőgös, the party’s agriculture spokesman, said that Russian sanctions have seriously damaged Hungarian meat exports and if Russian exports are not expected to pick up in the shortterm, domestic demand must be ...
Jobbik Raises Questions Over Casino Concessions In Hungary Awarded To Vajna
- 14 May 2014 9:00 AM
- current affairs
The radical nationalist Jobbik party has called on the government to make public the criteria under which it awarded a casino concession to the company of a government commissioner. Jobbik lawmaker Enikő Hegedűs criticized the economy ministry for its recent decision to issue permits to Andrew Vajna’s company, the Las Vegas Casino Ltd, for operating another five casinos in Budapest and in ...
Indictment In Budapest Andrássy Ave Property Case
- 13 May 2014 9:00 AM
- property
The Municipal Chief Prosecutor’s Office has brought charges against 13 former district government officials and the former deputy notary in connection with the sale of a prestigious property on Andrássy Avenue, a World Heritage Site, in 2004, the Budapest chief prosecutor told MTI.
There Can Be Only One – Battle On The Online Classified Ad Market In Hungary
- 12 May 2014 9:00 AM
- tech
The fight for supremacy on the market of online classified advertisements continues in 2014. In fact, the market was stirred up again in the past month. A new competitive phase started with important announcements by the two largest players. Schibsted made acquisitions, while aprod.hu launched a renaming campaign. These changes warrant another look at Hungary’s online classified advertisement ...