159 result(s) for central bank of hungary in Business
Hungary To Issue Euro Bond In Jan Or Feb
- 8 Jan 2016 8:00 AM
- business
Hungary will issue a Eurobond in either dollars or euros in January or February, Economy Minister Mihály Varga said in an interview with Bloomberg. “The custom in central and eastern Europe is to finance ourselves as rapidly as possible early in the year so there’s peace and quiet afterwards,” he said. “Because of maturities we obviously need to make a market move in January or February,” he told ...
Hungary Investment Volume Drops 3.4% In Q3
- 26 Nov 2015 12:00 AM
- business
Investment volume in Hungary was down by an annual 3.4% in the third quarter after rising by 5.7% in the second and falling by 3.9% in the first quarter, the Central Statistical Office (KSH) said. Third-quarter investments fell in all sectors with the exception of the property as well as business and the public administration, social insurance and defence sectors. In the latter sector, ...
Reactions To Quaestor Compensation Law In Hungary
- 18 Nov 2015 8:00 AM
- business
Hungary’s ruling Fidesz party said the Constitutional Court’s decision to axe parts of a law on compensation for investors of failed brokerage Quaestor served the interests of the banking sector, while opposition parties once again called on the government and central bank to take responsibility for the scandal. Tuesday’s Constitutional Court ruling concerns the law governing a top-up fund which ...
NBH Governor: Hungary Sees Price, Financial Stability Since 2013
- 5 Nov 2015 8:00 AM
- business
Hungary has enjoyed price and financial stability since 2013, when changes got under way at the central bank, the bank’s governor, György Matolcsy, said. Addressing lawmakers in parliament in a debate of the bank’s 2012, 2013 and 2014 business reports, Matolcsy said the bank’s new leadership in place since March 2013 had returned to a “responsible, conservative, but creatively functioning” path ...
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Hungary May Become Central-Europe’s Growth Hub
- 5 Oct 2015 11:00 AM
- business
Hungary has the capacity to become Central-Europe’s growth hub, Prime Minister Viktor Orbán said at the opening ceremony of the Bank of China’s RMB clearing centre in Hungary. Let us believe the Chinese (...), if they chose Budapest as their regional centre, there must plenty of steam, potential and future in this country (...). We are able to increase even our current economic performance, with ...
Jobless Rate In Hungary Falls To 6.7% In June -Aug
- 29 Sep 2015 4:35 AM
- business
The average unemployment rate in Hungary edged down to 6.7% in June-August, the Central Statistical Office (KSH) said. The jobless rate for Hungarians between the ages of 15 and 74 was down from 6.8% in May- July and 7.7% in the same period a year earlier. In absolute terms, the number of unemployed averaged 303,800 in June-August. There were 2,984,400 economically inactive Hungarians— those ...
Hungary’s NBH Opens Office In Paris
- 4 Aug 2015 9:00 AM
- business
The National Bank of Hungary (NBH) has opened its second international office, in Paris, the central bank said. The NBH opened an office in Hamburg in July and will open ones in Rome, New York, Buenos Aires and Beirut in the coming months. The offices are intended to raise the profile of the NBH and its work globally as well as strengthen and build on ties between other leading financial ...
SCP Raises Hungary Mid-Term Economic Growth Projection
- 30 Apr 2015 9:00 AM
- business
Ratings agency Standard and Poor’s has raised its projection for Hungary’s mid-term GDP growth to 2.5% from 2%. The projection is the same as the government’s official 2.5% forecast for this year.
Hungary To Issue Euro Bond In Jan Or Feb
- 8 Jan 2016 8:00 AM
- business
Hungary will issue a Eurobond in either dollars or euros in January or February, Economy Minister Mihály Varga said in an interview with Bloomberg. “The custom in central and eastern Europe is to finance ourselves as rapidly as possible early in the year so there’s peace and quiet afterwards,” he said. “Because of maturities we obviously need to make a market move in January or February,” he told ...
Hungary Investment Volume Drops 3.4% In Q3
- 26 Nov 2015 12:00 AM
- business
Investment volume in Hungary was down by an annual 3.4% in the third quarter after rising by 5.7% in the second and falling by 3.9% in the first quarter, the Central Statistical Office (KSH) said. Third-quarter investments fell in all sectors with the exception of the property as well as business and the public administration, social insurance and defence sectors. In the latter sector, ...
Reactions To Quaestor Compensation Law In Hungary
- 18 Nov 2015 8:00 AM
- business
Hungary’s ruling Fidesz party said the Constitutional Court’s decision to axe parts of a law on compensation for investors of failed brokerage Quaestor served the interests of the banking sector, while opposition parties once again called on the government and central bank to take responsibility for the scandal. Tuesday’s Constitutional Court ruling concerns the law governing a top-up fund which ...
NBH Governor: Hungary Sees Price, Financial Stability Since 2013
- 5 Nov 2015 8:00 AM
- business
Hungary has enjoyed price and financial stability since 2013, when changes got under way at the central bank, the bank’s governor, György Matolcsy, said. Addressing lawmakers in parliament in a debate of the bank’s 2012, 2013 and 2014 business reports, Matolcsy said the bank’s new leadership in place since March 2013 had returned to a “responsible, conservative, but creatively functioning” path ...
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Hungary May Become Central-Europe’s Growth Hub
- 5 Oct 2015 11:00 AM
- business
Hungary has the capacity to become Central-Europe’s growth hub, Prime Minister Viktor Orbán said at the opening ceremony of the Bank of China’s RMB clearing centre in Hungary. Let us believe the Chinese (...), if they chose Budapest as their regional centre, there must plenty of steam, potential and future in this country (...). We are able to increase even our current economic performance, with ...
Jobless Rate In Hungary Falls To 6.7% In June -Aug
- 29 Sep 2015 4:35 AM
- business
The average unemployment rate in Hungary edged down to 6.7% in June-August, the Central Statistical Office (KSH) said. The jobless rate for Hungarians between the ages of 15 and 74 was down from 6.8% in May- July and 7.7% in the same period a year earlier. In absolute terms, the number of unemployed averaged 303,800 in June-August. There were 2,984,400 economically inactive Hungarians— those ...
Hungary’s NBH Opens Office In Paris
- 4 Aug 2015 9:00 AM
- business
The National Bank of Hungary (NBH) has opened its second international office, in Paris, the central bank said. The NBH opened an office in Hamburg in July and will open ones in Rome, New York, Buenos Aires and Beirut in the coming months. The offices are intended to raise the profile of the NBH and its work globally as well as strengthen and build on ties between other leading financial ...
SCP Raises Hungary Mid-Term Economic Growth Projection
- 30 Apr 2015 9:00 AM
- business
Ratings agency Standard and Poor’s has raised its projection for Hungary’s mid-term GDP growth to 2.5% from 2%. The projection is the same as the government’s official 2.5% forecast for this year.