2,266 result(s) for billion forint
Banks In Hungary To Pay 9.5 Billion Forint Fine For Cartel
- 21 Nov 2013 8:00 AM
- business
Hungary’s Competition Authority (GVH) has imposed a 9.5 billion forint fine on 11 commercial banks for the operation of an illegal collusion (cartel) during a repayment scheme for foreign currency mortgage-holders two years ago. According to the GVH, the banks cooperated and shared confidential business information between September 2011 and January 2012 to reduce the scale of mortgage repayments.
GVH Slaps Banks In Hungary With Record Fine
- 21 Nov 2013 8:00 AM
- business
The Competition Office (GVH) has fined 11 banks a total of Ft 9.5 billion – the largest penalty ever imposed in Hungary in a cartel case – after finding that the lenders colluded to obstruct access to forint loans for those taking part in the early debt repayment plan for foreign-currency mortgage debtors.
PM Opens New, World-Class Scientific Research Centre In Budapest
- 18 Nov 2013 8:00 AM
- current affairs
Hungary is now stronger and in a position to spend more on culture as well as on intellectual and scientific projects, Prime Minister Viktor Orbán said on Friday at the opening ceremony of a new facility to the Hungarian Academy of Sciences (MTA).
Bicycles Of MOL Bubi Public Bicycle System Have Been Introduced In Budapest
- 18 Nov 2013 8:00 AM
- getting around
The public bicycle system of Budapest, the so-called Bubi, is scheduled to start during next spring. The first bicycles have been introduced by Mayor István Tarlós and MOL Chairman-CEO Zsolt Hernádi. The costs of the project, realized with the financial support of the EU, have reached one billion forints.
Xpat Opinion: Hungary’s PM Just Announced His Government’s Motto: Glory To God Alone
- 18 Nov 2013 12:00 AM
- current affairs
We all know about Viktor Orbán’s infatuation with the spiritual in the last few years. Maybe I just don’t remember properly, but I can’t recall much piety in his speeches during his first premiership between 1998 and 2002. Today, by contrast, his speeches are teeming with Biblical quotations and Latin religious phrases. And his generosity toward the “established” churches, especially the Catholic ...
Xpat Opinion: Inflation Hits Record Low In Hungary
- 15 Nov 2013 8:00 AM
- business
As the inflation rate slows to a 39 year low, a left-wing commentator warns of the dangers of prices kept artificially low. A conservative columnist, on the other hand, believes that price stability and the increase in disposable incomes adds up to good news for the economy.
Xpat Opinion: Feminism In Hungary
- 14 Nov 2013 12:00 AM
- current affairs
The Central Statistical Office made a surprising announcement today. As a result of car production, a good harvest, and an uptick in the construction industry the Hungarian GDP grew by 1.7% in the third quarter of the year. On the basis of this data the government predicts continuous, sustained growth; a few others expressed fear that the upsurge signals only a short-term improvement. Since I ...
Erkel Theatre Budapest Is Officially Open Again
- 8 Nov 2013 11:59 AM
- community & culture
Yesterday, on 7 November 2013 - the birthday of the great Hungarian composer Ferenc Erkel appointed as the Day of Hungarian Opera from now on - the Erkel Theatre officially reopened. Tomorrow on 9 November the venue’s first première night will take place with a performance of the one of the world’s most famous Hungarian operas, Béla Bartók’s Duke Bluebeard’s Castle, together on the same evening ...
Strategic Partnership Agreement Signed With Telenor In Hungary
- 8 Nov 2013 11:51 AM
- tech
Prime Minister Viktor Orbán signed a strategic partnership agreement with Norwegian telecommunications company Telenor’s Executive Vice President Kjell-Morten Johnsen on Tuesday. The ceremony was also attended by Norwegian Ambassador to Hungary Tove Skarstein.
Banks In Hungary To Pay 9.5 Billion Forint Fine For Cartel
- 21 Nov 2013 8:00 AM
- business
Hungary’s Competition Authority (GVH) has imposed a 9.5 billion forint fine on 11 commercial banks for the operation of an illegal collusion (cartel) during a repayment scheme for foreign currency mortgage-holders two years ago. According to the GVH, the banks cooperated and shared confidential business information between September 2011 and January 2012 to reduce the scale of mortgage repayments.
GVH Slaps Banks In Hungary With Record Fine
- 21 Nov 2013 8:00 AM
- business
The Competition Office (GVH) has fined 11 banks a total of Ft 9.5 billion – the largest penalty ever imposed in Hungary in a cartel case – after finding that the lenders colluded to obstruct access to forint loans for those taking part in the early debt repayment plan for foreign-currency mortgage debtors.
PM Opens New, World-Class Scientific Research Centre In Budapest
- 18 Nov 2013 8:00 AM
- current affairs
Hungary is now stronger and in a position to spend more on culture as well as on intellectual and scientific projects, Prime Minister Viktor Orbán said on Friday at the opening ceremony of a new facility to the Hungarian Academy of Sciences (MTA).
Bicycles Of MOL Bubi Public Bicycle System Have Been Introduced In Budapest
- 18 Nov 2013 8:00 AM
- getting around
The public bicycle system of Budapest, the so-called Bubi, is scheduled to start during next spring. The first bicycles have been introduced by Mayor István Tarlós and MOL Chairman-CEO Zsolt Hernádi. The costs of the project, realized with the financial support of the EU, have reached one billion forints.
Xpat Opinion: Hungary’s PM Just Announced His Government’s Motto: Glory To God Alone
- 18 Nov 2013 12:00 AM
- current affairs
We all know about Viktor Orbán’s infatuation with the spiritual in the last few years. Maybe I just don’t remember properly, but I can’t recall much piety in his speeches during his first premiership between 1998 and 2002. Today, by contrast, his speeches are teeming with Biblical quotations and Latin religious phrases. And his generosity toward the “established” churches, especially the Catholic ...
Xpat Opinion: Inflation Hits Record Low In Hungary
- 15 Nov 2013 8:00 AM
- business
As the inflation rate slows to a 39 year low, a left-wing commentator warns of the dangers of prices kept artificially low. A conservative columnist, on the other hand, believes that price stability and the increase in disposable incomes adds up to good news for the economy.
Xpat Opinion: Feminism In Hungary
- 14 Nov 2013 12:00 AM
- current affairs
The Central Statistical Office made a surprising announcement today. As a result of car production, a good harvest, and an uptick in the construction industry the Hungarian GDP grew by 1.7% in the third quarter of the year. On the basis of this data the government predicts continuous, sustained growth; a few others expressed fear that the upsurge signals only a short-term improvement. Since I ...
Erkel Theatre Budapest Is Officially Open Again
- 8 Nov 2013 11:59 AM
- community & culture
Yesterday, on 7 November 2013 - the birthday of the great Hungarian composer Ferenc Erkel appointed as the Day of Hungarian Opera from now on - the Erkel Theatre officially reopened. Tomorrow on 9 November the venue’s first première night will take place with a performance of the one of the world’s most famous Hungarian operas, Béla Bartók’s Duke Bluebeard’s Castle, together on the same evening ...
Strategic Partnership Agreement Signed With Telenor In Hungary
- 8 Nov 2013 11:51 AM
- tech
Prime Minister Viktor Orbán signed a strategic partnership agreement with Norwegian telecommunications company Telenor’s Executive Vice President Kjell-Morten Johnsen on Tuesday. The ceremony was also attended by Norwegian Ambassador to Hungary Tove Skarstein.