465 result(s) for currency
PM Orbán: Half Of Banks Should Be Hungarian-Owned
- 13 Mar 2013 8:00 AM
- business
Half of Hungary’s bank sector should be Hungarian-owned and foreign-currency loans owed by SMEs should be converted into forints, Prime Minister Viktor Orbán said Tuesday during a wide-ranging speech on economic policy. Speaking at a Hungarian Chamber of Commerce and Industry (MKIK) meeting, Orbán said the credit crunch in Hungary came about because foreign-owned banks withdrew money from Hungary
'Minister Varga, Growth & Forint', By Ferenc Kumin
- 12 Mar 2013 8:00 AM
- current affairs
Ferenc Kumin is the Deputy State Secretary For International Communications In Hungary: Beginning this week, Hungary has a new minister of national economy: Mihaly Varga. Varga assumes the post after serving most recently as the minister without portfolio responsible for relations with international financial organizations. Previously, he was state secretary running the Prime Minister’s Office ...
Hungarian Banks Refuse To Meet Doubravszky
- 6 Mar 2013 8:00 AM
- business
The Bank Association refused to attend a meeting with financial rights ombudsman György Doubravszky on Tuesday, saying there was little sign of adequate preparation. Doubravszky sent a three line proposal on Monday asking the banks to clarify the definition of a foreign-currency loan. The association sent him text of the relevant laws with explanations, said spokeswoman Ágnes Sütõ.
Hungary's PM Held His Regular State-Of-The-Nation Speech
- 25 Feb 2013 8:00 AM
- current affairs
Prime Minister Viktor Orbán held his traditional state-of-the-nation speech on 22 February in Budapest, providing a comprehensive assessment of the past year’s achievements and paving the way for future steps of the country.
Tensions Rise Between State Audit Office & Hungarian National Bank
- 19 Feb 2013 8:01 AM
- current affairs
The National Bank overstepped its authority by handing over confidential data to the IMF, the State Audit Office (ASZ) said, firing the latest shot in a recent dispute between the two institutions. In response, MNB governor Andras Simor said on ATV Wednesday that the central bank had not violated any rules in handing over the data at the request of the IMF.
Analysts Assess Effects Of Bond Issue In Hungary
- 19 Feb 2013 8:00 AM
- current affairs
Hungary's dollar-denominated bond issue lowers the risk that the government will tap the central bank’s foreign-currency reserves, London-based analysts said, after Hungary issued five- and ten-year bonds to a total value of $3.25 billion last Tuesday. The issue practically rules out a loan agreement with the IMF, they remarked, while noting that an IMF loan would have carried much lower yields.
Xpat Opinion: More Controversy Over The National Bank Chief In Hungary
- 8 Feb 2013 8:00 AM
- current affairs
A left-wing columnist suggests that the National Bank will surrender its independence after the appointment of its new president next month. A conservative pundit doubts that the National Bank has much room to stimulate growth through monetary policy as hoped for by the government.
Hungary's PM Orban: IMF Story Is Over
- 5 Feb 2013 8:00 AM
- current affairs
The story of an IMF-EU loan is drawing to a close, Prime Minister Viktor Orban said last week in Brussels. In a group discussion following his lecture at the Bruegel institute, Orban recalled that Hungary had asked for a flexible credit line, but the IMF ultimately said “no”.
Hungary's PM Met President Of The European Commission
- 1 Feb 2013 8:01 AM
- current affairs
Prime Minister Viktor Orbán met with President of the European Commission José Manuel Barroso on Wednesday in Brussels. After the meeting, the Hungarian Prime Minister stated that for Hungary it is a moral issue, rather than a political or economic one, that the excessive deficit procedure launched against the country since it joined the EU is ended.
PM Orbán: Half Of Banks Should Be Hungarian-Owned
- 13 Mar 2013 8:00 AM
- business
Half of Hungary’s bank sector should be Hungarian-owned and foreign-currency loans owed by SMEs should be converted into forints, Prime Minister Viktor Orbán said Tuesday during a wide-ranging speech on economic policy. Speaking at a Hungarian Chamber of Commerce and Industry (MKIK) meeting, Orbán said the credit crunch in Hungary came about because foreign-owned banks withdrew money from Hungary
'Minister Varga, Growth & Forint', By Ferenc Kumin
- 12 Mar 2013 8:00 AM
- current affairs
Ferenc Kumin is the Deputy State Secretary For International Communications In Hungary: Beginning this week, Hungary has a new minister of national economy: Mihaly Varga. Varga assumes the post after serving most recently as the minister without portfolio responsible for relations with international financial organizations. Previously, he was state secretary running the Prime Minister’s Office ...
Hungarian Banks Refuse To Meet Doubravszky
- 6 Mar 2013 8:00 AM
- business
The Bank Association refused to attend a meeting with financial rights ombudsman György Doubravszky on Tuesday, saying there was little sign of adequate preparation. Doubravszky sent a three line proposal on Monday asking the banks to clarify the definition of a foreign-currency loan. The association sent him text of the relevant laws with explanations, said spokeswoman Ágnes Sütõ.
Hungary's PM Held His Regular State-Of-The-Nation Speech
- 25 Feb 2013 8:00 AM
- current affairs
Prime Minister Viktor Orbán held his traditional state-of-the-nation speech on 22 February in Budapest, providing a comprehensive assessment of the past year’s achievements and paving the way for future steps of the country.
Tensions Rise Between State Audit Office & Hungarian National Bank
- 19 Feb 2013 8:01 AM
- current affairs
The National Bank overstepped its authority by handing over confidential data to the IMF, the State Audit Office (ASZ) said, firing the latest shot in a recent dispute between the two institutions. In response, MNB governor Andras Simor said on ATV Wednesday that the central bank had not violated any rules in handing over the data at the request of the IMF.
Analysts Assess Effects Of Bond Issue In Hungary
- 19 Feb 2013 8:00 AM
- current affairs
Hungary's dollar-denominated bond issue lowers the risk that the government will tap the central bank’s foreign-currency reserves, London-based analysts said, after Hungary issued five- and ten-year bonds to a total value of $3.25 billion last Tuesday. The issue practically rules out a loan agreement with the IMF, they remarked, while noting that an IMF loan would have carried much lower yields.
Xpat Opinion: More Controversy Over The National Bank Chief In Hungary
- 8 Feb 2013 8:00 AM
- current affairs
A left-wing columnist suggests that the National Bank will surrender its independence after the appointment of its new president next month. A conservative pundit doubts that the National Bank has much room to stimulate growth through monetary policy as hoped for by the government.
Hungary's PM Orban: IMF Story Is Over
- 5 Feb 2013 8:00 AM
- current affairs
The story of an IMF-EU loan is drawing to a close, Prime Minister Viktor Orban said last week in Brussels. In a group discussion following his lecture at the Bruegel institute, Orban recalled that Hungary had asked for a flexible credit line, but the IMF ultimately said “no”.
Hungary's PM Met President Of The European Commission
- 1 Feb 2013 8:01 AM
- current affairs
Prime Minister Viktor Orbán met with President of the European Commission José Manuel Barroso on Wednesday in Brussels. After the meeting, the Hungarian Prime Minister stated that for Hungary it is a moral issue, rather than a political or economic one, that the excessive deficit procedure launched against the country since it joined the EU is ended.