• 28 Apr 2024

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29 result(s) for business development in Finance

Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

Hungarian central bank (NBH) rate-setters cut the base rate by 50 basis points to 7.75% at a regular policy meeting. The Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 6.75% and the O/N collateralised loan rate to 8.75%.
China Sees Hungary as Regional Financial Hub, Says Minister

China Sees Hungary as Regional Financial Hub, Says Minister

Financial cooperation is a fast-growing area of Hungarian-Chinese relations, Mihály Varga, the finance minister, said after meeting banking heads in Beijing, noting that Hungary planned to issue a Panda bond in the second half of this year.
Romania Overtakes Hungary in Per Capita GDP

Romania Overtakes Hungary in Per Capita GDP

Romania’s per capita GDP (measured in purchasing power parity) reached 78% of the EU average in 2023, ahead of Hungary’s 76%, Portfolio writes, citing preliminary data from Eurostat.
Official: Economy in Hungary Expected to Grow by Only 2-3% This Year - Strategy Revealed

Official: Economy in Hungary Expected to Grow by Only 2-3% This Year - Strategy Revealed

Márton Nagy, the national economy minister, has said the government expects the economy to grow by2-3% this year.
EC Disburses Euro 140 Million REPowerEU Funds to Hungary

EC Disburses Euro 140 Million REPowerEU Funds to Hungary

The European Commission has transferred 140.1 million euros to Hungary in REPowerEU pre-financing grants under the post-pandemic Resilience and Recovery Facility (RRF).
Rules on Personal Income Tax in Hungary Simplified, More Tax Changes Approved by Lawmakers

Rules on Personal Income Tax in Hungary Simplified, More Tax Changes Approved by Lawmakers

Lawmakers approved a package of tax changes submitted by the government on Tuesday. The law passed with 116 votes in support, 47 against and 7 abstentions.
'Largest Bank in World' the Industrial & Commercial Bank Of China Aims to Open Branch in Hungary

'Largest Bank in World' the Industrial & Commercial Bank Of China Aims to Open Branch in Hungary

Prime Minister Viktor Orbán met Chen Siqing, head of the board of directors of the Industrial and Commercial Bank of China, the largest bank in the world, for talks in Beijing.
“Huge Record”: Hungary Received 6.5 Billion Euros in Foreign Investment

“Huge Record”: Hungary Received 6.5 Billion Euros in Foreign Investment

The confidence of foreign investors in Hungary “seems to be unbroken” despite “all the attacks, emotional blackmail and hysteria-mongering”, helping Hungary maintain its economic growth, the minister of foreign affairs and trade said.
Hungary Scrutiny: Visiting Committee has Serious Concerns about Unlocking EU Funding

Hungary Scrutiny: Visiting Committee has Serious Concerns about Unlocking EU Funding

The delegation of the European Parliament’s Committee on Budgetary Control called on the Hungarian government to act more responsibly in distributing EU funds, include regional authorities in decision-making instead of a “top-down” approach and meet the criteria required for releasing the funds withheld from Hungary, the head of the delegation told a press conference.
Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

Now 7.75%: Central Bank in Hungary Cuts Base Rate Again

Hungarian central bank (NBH) rate-setters cut the base rate by 50 basis points to 7.75% at a regular policy meeting. The Council also decided to lower the symmetric interest rate corridor in tandem, bringing the O/N deposit rate to 6.75% and the O/N collateralised loan rate to 8.75%.
China Sees Hungary as Regional Financial Hub, Says Minister

China Sees Hungary as Regional Financial Hub, Says Minister

Financial cooperation is a fast-growing area of Hungarian-Chinese relations, Mihály Varga, the finance minister, said after meeting banking heads in Beijing, noting that Hungary planned to issue a Panda bond in the second half of this year.
Romania Overtakes Hungary in Per Capita GDP

Romania Overtakes Hungary in Per Capita GDP

Romania’s per capita GDP (measured in purchasing power parity) reached 78% of the EU average in 2023, ahead of Hungary’s 76%, Portfolio writes, citing preliminary data from Eurostat.
Official: Economy in Hungary Expected to Grow by Only 2-3% This Year - Strategy Revealed

Official: Economy in Hungary Expected to Grow by Only 2-3% This Year - Strategy Revealed

Márton Nagy, the national economy minister, has said the government expects the economy to grow by2-3% this year.
EC Disburses Euro 140 Million REPowerEU Funds to Hungary

EC Disburses Euro 140 Million REPowerEU Funds to Hungary

The European Commission has transferred 140.1 million euros to Hungary in REPowerEU pre-financing grants under the post-pandemic Resilience and Recovery Facility (RRF).
Rules on Personal Income Tax in Hungary Simplified, More Tax Changes Approved by Lawmakers

Rules on Personal Income Tax in Hungary Simplified, More Tax Changes Approved by Lawmakers

Lawmakers approved a package of tax changes submitted by the government on Tuesday. The law passed with 116 votes in support, 47 against and 7 abstentions.
'Largest Bank in World' the Industrial & Commercial Bank Of China Aims to Open Branch in Hungary

'Largest Bank in World' the Industrial & Commercial Bank Of China Aims to Open Branch in Hungary

Prime Minister Viktor Orbán met Chen Siqing, head of the board of directors of the Industrial and Commercial Bank of China, the largest bank in the world, for talks in Beijing.
“Huge Record”: Hungary Received 6.5 Billion Euros in Foreign Investment

“Huge Record”: Hungary Received 6.5 Billion Euros in Foreign Investment

The confidence of foreign investors in Hungary “seems to be unbroken” despite “all the attacks, emotional blackmail and hysteria-mongering”, helping Hungary maintain its economic growth, the minister of foreign affairs and trade said.
Hungary Scrutiny: Visiting Committee has Serious Concerns about Unlocking EU Funding

Hungary Scrutiny: Visiting Committee has Serious Concerns about Unlocking EU Funding

The delegation of the European Parliament’s Committee on Budgetary Control called on the Hungarian government to act more responsibly in distributing EU funds, include regional authorities in decision-making instead of a “top-down” approach and meet the criteria required for releasing the funds withheld from Hungary, the head of the delegation told a press conference.