30 result(s) for court rule in Business
Court Orders NBH To Release Information On MKB Sale
- 21 Oct 2016 9:00 AM
- business
The Municipal Court of Budapest on Thursday ruled that the National Bank of Hungary (NBH) must release data of public interest regarding the sale of MKB Bank. The NBH sold MKB Bank to a consortium of two private equity funds, Blue Robin Investments and METIS Private Capital Fund, and Hungary’s Pannonia Pension Fund for HUF 37bn in the summer.
Orbán: Govt Seeks Economic Agreements To Boost Competitiveness
- 14 Oct 2016 9:04 AM
- business
The government wants to create agreements with economic players in the interest of competitiveness, Prime Minister Viktor Orbán said in his regular interview to public radio. Hungary is a private economy, so the government can only improve competitiveness in agreement with economic players, Orbán said.
NBH Scandal – Central Bank Foundations Fined For Dodging Public Procurement Rules
- 30 Jun 2016 9:00 AM
- business
The Public Procurement Board (KDB) established that the public procurement law is applicable to the Pallas Athene Foundations which were established by the National Bank of Hungary (NBH), and fined the six foundations 200,000 forints (EUR 630) each, the foundations said in a press release on Wednesday.
EC Steps Up Infringement Procedure Over Farmland Sale Restrictions
- 27 May 2016 9:00 AM
- business
The European Commission said it stepped up an infringement procedure against Hungary for restrictions on farmland. “Hungary has a very restrictive system which imposes a complete ban on the acquisition of land by legal entities and an obligation on the buyer to farm the land himself,” the commission 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 ...
EU Court Of Justice Hands Down Landmark Ruling In Casino Case
- 31 Mar 2016 9:00 AM
- business
The European Union Court of Justice has just handed down a landmark decision in a case pertaining to Hungary’s decision to deprive some 1,200 companies of their businesses, reports Hungarian news site 24.hu. The court’s decision has paved the way for the plaintiffs to sue the Hungarian state for enormous damages.
Court Awards Severance Pay To Ex-MPs
- 4 Mar 2016 8:00 AM
- business
The European Court of Human Rights in Strasbourg has ruled that the Hungarian state must pay Ft 800,000 each to Erzsébet Gy. Németh and Szilvia Kovács Frank. Both were Socialist MPs until 2010 and collected severance pay, which the Orbán cabinet punished by imposing a 98% special tax on it.
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 ...
Court Orders NBH To Release Information On MKB Sale
- 21 Oct 2016 9:00 AM
- business
The Municipal Court of Budapest on Thursday ruled that the National Bank of Hungary (NBH) must release data of public interest regarding the sale of MKB Bank. The NBH sold MKB Bank to a consortium of two private equity funds, Blue Robin Investments and METIS Private Capital Fund, and Hungary’s Pannonia Pension Fund for HUF 37bn in the summer.
Orbán: Govt Seeks Economic Agreements To Boost Competitiveness
- 14 Oct 2016 9:04 AM
- business
The government wants to create agreements with economic players in the interest of competitiveness, Prime Minister Viktor Orbán said in his regular interview to public radio. Hungary is a private economy, so the government can only improve competitiveness in agreement with economic players, Orbán said.
NBH Scandal – Central Bank Foundations Fined For Dodging Public Procurement Rules
- 30 Jun 2016 9:00 AM
- business
The Public Procurement Board (KDB) established that the public procurement law is applicable to the Pallas Athene Foundations which were established by the National Bank of Hungary (NBH), and fined the six foundations 200,000 forints (EUR 630) each, the foundations said in a press release on Wednesday.
EC Steps Up Infringement Procedure Over Farmland Sale Restrictions
- 27 May 2016 9:00 AM
- business
The European Commission said it stepped up an infringement procedure against Hungary for restrictions on farmland. “Hungary has a very restrictive system which imposes a complete ban on the acquisition of land by legal entities and an obligation on the buyer to farm the land himself,” the commission 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 ...
EU Court Of Justice Hands Down Landmark Ruling In Casino Case
- 31 Mar 2016 9:00 AM
- business
The European Union Court of Justice has just handed down a landmark decision in a case pertaining to Hungary’s decision to deprive some 1,200 companies of their businesses, reports Hungarian news site 24.hu. The court’s decision has paved the way for the plaintiffs to sue the Hungarian state for enormous damages.
Court Awards Severance Pay To Ex-MPs
- 4 Mar 2016 8:00 AM
- business
The European Court of Human Rights in Strasbourg has ruled that the Hungarian state must pay Ft 800,000 each to Erzsébet Gy. Németh and Szilvia Kovács Frank. Both were Socialist MPs until 2010 and collected severance pay, which the Orbán cabinet punished by imposing a 98% special tax on it.
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 ...