464 result(s) for currency
OECD Sees Strong But Slowing Hungarian Economic Growth
- 4 Jun 2015 9:00 AM
- business
The OECD has upgraded its forecasts for Hungarian economic growth for this year to 3% from 2.1%, and to 2.2% from 1.7% for 2016. The Organisation for Economic Co-operation and Development said in its Economic Outlook that exports were expected to grow by 5.7% both this year and in 2016 and the current account surplus of 4.8% this year was likely to rise to 5.1%. Unemployment is expected to ...
PM Orbán: Hungary Will Not Join Eurozone In Coming Decades
- 4 Jun 2015 9:00 AM
- current affairs
Hungarian PM Viktor Orbán confirmed in an interview to Napi Gazdaság daily that Hungary has no intention to join the eurozone. Asked about the possible introduction of the euro, Orbán said the eurozone had come off badly as a result of the 2008 economic crisis, and a similar financial crisis could emerge at any time.
Hungary's OTP Challenges Quaestor Law
- 18 May 2015 9:00 AM
- business
OTP bank plans to go to the Constitutional Court to question the law ordering banks to pay into a fund set up to compensate investors in failed financial group Quaestor, chairman and CEO Sándor Csányi said on Friday. OTP will have to pay Ft 57 billion to the fund, Népszabadság estimates.
Over 100,000 Hungarian Stuck With FX Loans
- 8 May 2015 9:00 AM
- business
An estimated 182,000 foreign-currency debtors can not pay back their loans, of whom 100,000 are not helped by the conversion of foreign-currency mortgage loans or other state assistance, MNB deputy governor Ádám Balog announced at a Thursday conference.
Positive Economic Outlook Key To Construction Sector Upswing In Hungary
- 6 May 2015 9:00 AM
- property
The major improvement in Hungary’s economic outlook has led to the emergence of the real estate market and construction sector from the doldrums, Economy Minister Mihály Varga told a conference. The construction sector can only add new real estate in places where there is confidence about the future of the economy, Varga told the conference organised by business daily Napi Gazdaság, adding that ...
Raiffeisen To Close 45 Branches In Hungary
- 30 Apr 2015 9:00 AM
- business
Raiffeisen Bank has announced a major cutback in its Hungarian operations, with plans to close 45 of its 112 branches, dismissing 15% of staff, as part of a strategy overhaul.
S&P Upgrades Hungary’s Rating To “BB Plus”
- 23 Mar 2015 8:00 AM
- business
Standard and Poor’s raised Hungary’s credit rating for long-term foreign currency and forint debt by one notch to “BB plus”. The international rating agency said that Hungary’s problems related to its external economic balance had significantly eased over the past few years.
Moody’s Places OTP Ratings Under Review For Upgrade
- 19 Mar 2015 8:00 AM
- business
Moody’s Investors Service has placed the long- and short-term local currency deposit ratings of OTP Bank and OTP Mortgage Bank under review for upgrade because of methodological changes, OTP Bank said, citing a release from the ratings agency on Tuesday.
Hungary’s Opposition Demands Answers From Fidesz On Suspected Election Graft
- 23 Feb 2015 8:00 AM
- current affairs
Opposition parties have demanded that ruling Fidesz gives answers in connection with a “secret campaign team” and the former head of the party’s youth arm who stands accused of handling counterfeit euro notes. Radical nationalist party Jobbik demanded to know what role Áron Veress, the one-time leader of Fidelitas, played in the campaign team and which election lists he handled, as well as the ...
OECD Sees Strong But Slowing Hungarian Economic Growth
- 4 Jun 2015 9:00 AM
- business
The OECD has upgraded its forecasts for Hungarian economic growth for this year to 3% from 2.1%, and to 2.2% from 1.7% for 2016. The Organisation for Economic Co-operation and Development said in its Economic Outlook that exports were expected to grow by 5.7% both this year and in 2016 and the current account surplus of 4.8% this year was likely to rise to 5.1%. Unemployment is expected to ...
PM Orbán: Hungary Will Not Join Eurozone In Coming Decades
- 4 Jun 2015 9:00 AM
- current affairs
Hungarian PM Viktor Orbán confirmed in an interview to Napi Gazdaság daily that Hungary has no intention to join the eurozone. Asked about the possible introduction of the euro, Orbán said the eurozone had come off badly as a result of the 2008 economic crisis, and a similar financial crisis could emerge at any time.
Hungary's OTP Challenges Quaestor Law
- 18 May 2015 9:00 AM
- business
OTP bank plans to go to the Constitutional Court to question the law ordering banks to pay into a fund set up to compensate investors in failed financial group Quaestor, chairman and CEO Sándor Csányi said on Friday. OTP will have to pay Ft 57 billion to the fund, Népszabadság estimates.
Over 100,000 Hungarian Stuck With FX Loans
- 8 May 2015 9:00 AM
- business
An estimated 182,000 foreign-currency debtors can not pay back their loans, of whom 100,000 are not helped by the conversion of foreign-currency mortgage loans or other state assistance, MNB deputy governor Ádám Balog announced at a Thursday conference.
Positive Economic Outlook Key To Construction Sector Upswing In Hungary
- 6 May 2015 9:00 AM
- property
The major improvement in Hungary’s economic outlook has led to the emergence of the real estate market and construction sector from the doldrums, Economy Minister Mihály Varga told a conference. The construction sector can only add new real estate in places where there is confidence about the future of the economy, Varga told the conference organised by business daily Napi Gazdaság, adding that ...
Raiffeisen To Close 45 Branches In Hungary
- 30 Apr 2015 9:00 AM
- business
Raiffeisen Bank has announced a major cutback in its Hungarian operations, with plans to close 45 of its 112 branches, dismissing 15% of staff, as part of a strategy overhaul.
S&P Upgrades Hungary’s Rating To “BB Plus”
- 23 Mar 2015 8:00 AM
- business
Standard and Poor’s raised Hungary’s credit rating for long-term foreign currency and forint debt by one notch to “BB plus”. The international rating agency said that Hungary’s problems related to its external economic balance had significantly eased over the past few years.
Moody’s Places OTP Ratings Under Review For Upgrade
- 19 Mar 2015 8:00 AM
- business
Moody’s Investors Service has placed the long- and short-term local currency deposit ratings of OTP Bank and OTP Mortgage Bank under review for upgrade because of methodological changes, OTP Bank said, citing a release from the ratings agency on Tuesday.
Hungary’s Opposition Demands Answers From Fidesz On Suspected Election Graft
- 23 Feb 2015 8:00 AM
- current affairs
Opposition parties have demanded that ruling Fidesz gives answers in connection with a “secret campaign team” and the former head of the party’s youth arm who stands accused of handling counterfeit euro notes. Radical nationalist party Jobbik demanded to know what role Áron Veress, the one-time leader of Fidelitas, played in the campaign team and which election lists he handled, as well as the ...