177 result(s) for credit in Business
Court Rejects Zsolnay Liquidation Request
- 26 Jul 2016 9:00 AM
- business
A court in western Hungary has rejected a bailiff’s request to liquidate porcelain maker Zsolnay, the company’s counsel told MTI. The company was informed of the decision in a fax from the Zalaegerszeg court on Friday, Imre Bodnár said, confirming a report on the website of daily Népszabadság.
Moody’s Upgrades Hungary’s Banking System Outlook To Positive
- 30 Jun 2016 9:00 AM
- business
Ratings agency Moody’s Investors Service upgraded the outlook of Hungary’s banking system to positive, the rating agency said today in a report entitled “Banking System Outlook - Hungary”. Moodyʼs noted, however, that government support for banks in the EU, including Hungary, is less certain under the provisions of the EUʼs Bank Recovery and Resolution Directive.
Moody’s Puts FHB On Review For Downgrade
- 23 Jun 2016 9:00 AM
- business
Moody’s Investors Service has placed FHB Mortgage Bank’s baseline credit assessment, long-term deposit ratings and long-term counterparty risk assessment under review for downgrade. “This rating action reflects the increased risks to the bank’s solvency and business prospects following continued sizable losses during Q1 2016 as well as the recent measures taken by the Hungarian authorities, ...
Moody’s: Improved Employment, Higher Real Wages Positive For Banks
- 31 May 2016 9:00 AM
- business
Lower unemployment, higher employment and rising real wages should positively impact Hungary’s banking sector, ratings agency Moody’s said in an analysis. Higher real wages is credit positive for banks because it enhances households’ ability to service their bank loans and will help reduce banks’ nonperforming retail loans.
Hungary Fully Reimbursed IMF - European Commission Loan
- 7 Apr 2016 9:00 AM
- business
On 6 April 2016, the European Commission credited the last instalment, EUR 1.5bn, of the loan facility that the former Hungarian government had received from the IMF and the European Commission in 2008 and 2009, Minister for National Economy Mihály Varga announced. With this step, he added, the Government has reached its goal of creating economic policy independence also in terms of state ...
S+P Affirms Hungary Rating; Outlook Still Stable
- 21 Mar 2016 8:00 AM
- business
Standard and Poor’s Ratings Services affirmed its ‘BB+/B’ long- and shortterm foreign and local currency sovereign credit ratings on Hungary. The outlook for Hungary remains stable, S+P said. Hungary’s government reiterated that it expects upgrades by at least two of the three big ratings agencies this year.
American-Hungarian Business Council Brings New Dimension To Bilateral Economic Relations
- 29 Feb 2016 9:00 AM
- business
“Hungarian-American economic cooperation has entered a new dimension with the formation of the American-Hungarian Business Forum”, Minister of Foreign Affairs and Trade Péter Szijjártó told Hungarian news agency MTI after attending the founding meeting of the organisation in New York.
Mr. Szijjártó, who is on an official visit to the United States, stressed that the goal of the Council is to ...
Varga: Hungary Deserves Ratings Upgrade
- 29 Feb 2016 3:00 AM
- business
Based on the figures and facts, Hungary would have deserved a ratings upgrade for a long time, Economy Minister Mihály Varga said, commenting on Moody’s forthcoming assessment of Hungary’s credit rating this week.
Formation Of American-Hungarian Business Council Opens ‘New Dimension’ In Ties
- 17 Feb 2016 8:00 AM
- business
The founding of the American- Hungarian Business Council has opened a “new dimension” in Hungary-US economic relations, Foreign Minister Péter Szijjártó said after taking part in the council’s founding session in New York on Tuesday.
Court Rejects Zsolnay Liquidation Request
- 26 Jul 2016 9:00 AM
- business
A court in western Hungary has rejected a bailiff’s request to liquidate porcelain maker Zsolnay, the company’s counsel told MTI. The company was informed of the decision in a fax from the Zalaegerszeg court on Friday, Imre Bodnár said, confirming a report on the website of daily Népszabadság.
Moody’s Upgrades Hungary’s Banking System Outlook To Positive
- 30 Jun 2016 9:00 AM
- business
Ratings agency Moody’s Investors Service upgraded the outlook of Hungary’s banking system to positive, the rating agency said today in a report entitled “Banking System Outlook - Hungary”. Moodyʼs noted, however, that government support for banks in the EU, including Hungary, is less certain under the provisions of the EUʼs Bank Recovery and Resolution Directive.
Moody’s Puts FHB On Review For Downgrade
- 23 Jun 2016 9:00 AM
- business
Moody’s Investors Service has placed FHB Mortgage Bank’s baseline credit assessment, long-term deposit ratings and long-term counterparty risk assessment under review for downgrade. “This rating action reflects the increased risks to the bank’s solvency and business prospects following continued sizable losses during Q1 2016 as well as the recent measures taken by the Hungarian authorities, ...
Moody’s: Improved Employment, Higher Real Wages Positive For Banks
- 31 May 2016 9:00 AM
- business
Lower unemployment, higher employment and rising real wages should positively impact Hungary’s banking sector, ratings agency Moody’s said in an analysis. Higher real wages is credit positive for banks because it enhances households’ ability to service their bank loans and will help reduce banks’ nonperforming retail loans.
Hungary Fully Reimbursed IMF - European Commission Loan
- 7 Apr 2016 9:00 AM
- business
On 6 April 2016, the European Commission credited the last instalment, EUR 1.5bn, of the loan facility that the former Hungarian government had received from the IMF and the European Commission in 2008 and 2009, Minister for National Economy Mihály Varga announced. With this step, he added, the Government has reached its goal of creating economic policy independence also in terms of state ...
S+P Affirms Hungary Rating; Outlook Still Stable
- 21 Mar 2016 8:00 AM
- business
Standard and Poor’s Ratings Services affirmed its ‘BB+/B’ long- and shortterm foreign and local currency sovereign credit ratings on Hungary. The outlook for Hungary remains stable, S+P said. Hungary’s government reiterated that it expects upgrades by at least two of the three big ratings agencies this year.
American-Hungarian Business Council Brings New Dimension To Bilateral Economic Relations
- 29 Feb 2016 9:00 AM
- business
“Hungarian-American economic cooperation has entered a new dimension with the formation of the American-Hungarian Business Forum”, Minister of Foreign Affairs and Trade Péter Szijjártó told Hungarian news agency MTI after attending the founding meeting of the organisation in New York.
Mr. Szijjártó, who is on an official visit to the United States, stressed that the goal of the Council is to ...
Varga: Hungary Deserves Ratings Upgrade
- 29 Feb 2016 3:00 AM
- business
Based on the figures and facts, Hungary would have deserved a ratings upgrade for a long time, Economy Minister Mihály Varga said, commenting on Moody’s forthcoming assessment of Hungary’s credit rating this week.
Formation Of American-Hungarian Business Council Opens ‘New Dimension’ In Ties
- 17 Feb 2016 8:00 AM
- business
The founding of the American- Hungarian Business Council has opened a “new dimension” in Hungary-US economic relations, Foreign Minister Péter Szijjártó said after taking part in the council’s founding session in New York on Tuesday.