1,203 result(s) for central bank
Alstom Paid Former PM’s Company Almost Euro 600,000 In Consulting Fees
- 27 Apr 2016 9:00 AM
- current affairs
French engineering company Alstom transferred more than 597,000 euros to a company owned by the family of Hungary’s former prime minister, Péter Medgyessy, in 2007 and 2008, daily Magyar Idők said. The paper said Alstom transferred 259,000 euros in consulting fees on the basis of a contract with AssistConsult, indirectly owned by Medgyessy and his wife, on March 30, 2007, and another 338,000 ...
New Wave Media To Acquire Hungarian Business Weekly Figyelő
- 25 Apr 2016 9:00 AM
- business
New Wave Media, publisher of daily online vs.hu, is set to purchase the business weekly Figyelő, reports 444.hu. The purchase would mark the latest in a string of acquisitions by New Wave Media, the media holding company owned by Tamás Szemerey, a cousin of longtime Fidesz member and current National Bank governor György Matolcsy.
Parl CTTEE Approves Changes To CBank Law In Line With Top Court Ruling
- 22 Apr 2016 9:00 AM
- current affairs
Parliament’s legislation committee approved changes to a draft amendment to the central bank law, which aims to bring the legislation in line with a recent top court ruling raising concerns over data secrecy measures. The changes proposed by Erik Bánki, a lawmaker for Fidesz, would remove passages from the law that gave foundations owned by the central bank the right to restrict access to their ...
Hungary’s PM: Orbán: ‘I Am Not A Wealthy Man’
- 12 Apr 2016 9:00 AM
- current affairs
Prime Minister Viktor Orbán said he was not a wealthy man and he did not have a “strawman”, in response to a question by Jobbik in parliament. “I never had a strawman, nor do I have one now or will I ever have one in the future,” Orbán said, responding to a question on whether Lőrinc Mészáros, the mayor of his native Felcsút, was acting as his “front”. Orbán added that he had been a Member of ...
With Rules Tweaked, Demand For Home Purchase Subsidies Grows
- 11 Apr 2016 9:00 AM
- property
The number of applications for newly introduced home purchase subsidies for families with children has grown since February, when rules on the grants and preferential credit were fine-tuned, lenders told MTI. MKB Bank said more than 100 clients have applied for the subsidies, mostly for the purchase of resale homes. But it added that, in many cases, clients had to forgo purchasing the homes they ...
TTIP Could Create 20,000-30,000 Jobs In Hungary
- 7 Apr 2016 9:00 AM
- business
The Transatlantic Trade and Investment Partnership (TTIP), a free trade agreement being negotiated between the United States and the European Union, could create 20,000-30,000 jobs in Hungary, according to participants at a conference organised by the British Embassy in Budapest.
Opposition Parties Press For Measures Against Offshore Business
- 5 Apr 2016 9:00 AM
- current affairs
Hungarian opposition parties have urged the government to take measures in light of the international offshore scandal dubbed “Panama Papers”. The radical nationalist Jobbik party insisted that lawmakers with ties to offshore companies should be stripped of their mandates. MPs should sign affidavits that they have no ties with offshore companies, Jobbik lawmaker György Szilágyi said.
Central Bank Pledges To Respect Top Court’s Ruling On Foundations
- 4 Apr 2016 9:00 AM
- business
The National Bank of Hungary (NBH) respects the ruling of the Constitutional Court and its foundations will disclose all data it is requested to make public, Deputy Governor Márton Nagy said. The top court ruled on Thursday that amendments to the law governing the central bank that give the NBH the legal power to decline public information requests concerning companies that support its ...
Top Court Says NBH Data Disclosure Amendments Unconstitutional
- 1 Apr 2016 9:00 AM
- business
Hungary’s Constitutional Court has ruled that amendments to the law governing the central bank that give the National Bank of Hungary the legal power to decline public information requests concerning companies that support its activities, or to classify such information with retroactive effect, are unconstitutional. In its ruling the top court noted that the central bank does a public service and ...
Alstom Paid Former PM’s Company Almost Euro 600,000 In Consulting Fees
- 27 Apr 2016 9:00 AM
- current affairs
French engineering company Alstom transferred more than 597,000 euros to a company owned by the family of Hungary’s former prime minister, Péter Medgyessy, in 2007 and 2008, daily Magyar Idők said. The paper said Alstom transferred 259,000 euros in consulting fees on the basis of a contract with AssistConsult, indirectly owned by Medgyessy and his wife, on March 30, 2007, and another 338,000 ...
New Wave Media To Acquire Hungarian Business Weekly Figyelő
- 25 Apr 2016 9:00 AM
- business
New Wave Media, publisher of daily online vs.hu, is set to purchase the business weekly Figyelő, reports 444.hu. The purchase would mark the latest in a string of acquisitions by New Wave Media, the media holding company owned by Tamás Szemerey, a cousin of longtime Fidesz member and current National Bank governor György Matolcsy.
Parl CTTEE Approves Changes To CBank Law In Line With Top Court Ruling
- 22 Apr 2016 9:00 AM
- current affairs
Parliament’s legislation committee approved changes to a draft amendment to the central bank law, which aims to bring the legislation in line with a recent top court ruling raising concerns over data secrecy measures. The changes proposed by Erik Bánki, a lawmaker for Fidesz, would remove passages from the law that gave foundations owned by the central bank the right to restrict access to their ...
Hungary’s PM: Orbán: ‘I Am Not A Wealthy Man’
- 12 Apr 2016 9:00 AM
- current affairs
Prime Minister Viktor Orbán said he was not a wealthy man and he did not have a “strawman”, in response to a question by Jobbik in parliament. “I never had a strawman, nor do I have one now or will I ever have one in the future,” Orbán said, responding to a question on whether Lőrinc Mészáros, the mayor of his native Felcsút, was acting as his “front”. Orbán added that he had been a Member of ...
With Rules Tweaked, Demand For Home Purchase Subsidies Grows
- 11 Apr 2016 9:00 AM
- property
The number of applications for newly introduced home purchase subsidies for families with children has grown since February, when rules on the grants and preferential credit were fine-tuned, lenders told MTI. MKB Bank said more than 100 clients have applied for the subsidies, mostly for the purchase of resale homes. But it added that, in many cases, clients had to forgo purchasing the homes they ...
TTIP Could Create 20,000-30,000 Jobs In Hungary
- 7 Apr 2016 9:00 AM
- business
The Transatlantic Trade and Investment Partnership (TTIP), a free trade agreement being negotiated between the United States and the European Union, could create 20,000-30,000 jobs in Hungary, according to participants at a conference organised by the British Embassy in Budapest.
Opposition Parties Press For Measures Against Offshore Business
- 5 Apr 2016 9:00 AM
- current affairs
Hungarian opposition parties have urged the government to take measures in light of the international offshore scandal dubbed “Panama Papers”. The radical nationalist Jobbik party insisted that lawmakers with ties to offshore companies should be stripped of their mandates. MPs should sign affidavits that they have no ties with offshore companies, Jobbik lawmaker György Szilágyi said.
Central Bank Pledges To Respect Top Court’s Ruling On Foundations
- 4 Apr 2016 9:00 AM
- business
The National Bank of Hungary (NBH) respects the ruling of the Constitutional Court and its foundations will disclose all data it is requested to make public, Deputy Governor Márton Nagy said. The top court ruled on Thursday that amendments to the law governing the central bank that give the NBH the legal power to decline public information requests concerning companies that support its ...
Top Court Says NBH Data Disclosure Amendments Unconstitutional
- 1 Apr 2016 9:00 AM
- business
Hungary’s Constitutional Court has ruled that amendments to the law governing the central bank that give the National Bank of Hungary the legal power to decline public information requests concerning companies that support its activities, or to classify such information with retroactive effect, are unconstitutional. In its ruling the top court noted that the central bank does a public service and ...