269 result(s) for debt in Business
Measures On FX Loans Save Hungary HUF 1TR, Says Varga
- 22 Jan 2015 8:00 AM
- business
The government’s measures to shield foreign currency loan-holders have saved Hungary a total of around 1,000 billion forints, the economy minister said. Mihály Varga told public television M1 that since the majority of FX mortgages were denominated in Swiss franc, special attention had been placed on the fluctuation of the currency against the forint.
Merrill Sees Hungary's Potential Debt Upgrade
- 20 Jan 2015 8:00 AM
- business
Hungary’s current account surplus, low budget deficit and growth figures support an upgrade of the country’s sovereign debt into the investment category, Merrill Lynch analysts wrote in their latest report on the prospects for Eastern Europe to 2020.
Swiss Central Bank Move Sends Hungarian Forint Tumbling
- 16 Jan 2015 8:00 AM
- business
The forint sank to new all-time lows against the euro and the Swiss franc yesterday after Switzerland’s central bank stunned markets by scrapping the ceiling on its currency, in place since 2011. The Swiss franc surged to 0.85 per euro from 1.20, a 40% gain, before stabilising at parity with the euro.
Varga: Eliminating Forex Loans In Hungary Has Been Right Decision
- 16 Jan 2015 8:00 AM
- business
The Swiss central bank’s removal of a minimum franc-euro rate has confirmed that the Hungarian government made the right decision of eliminating forex loans from the country’s banking system in 2015, Mihály Varga, the economy minister, told government portal kormany.hu.
Hungarian Forint Wobbles Then Mostly Stable On Interbank Market
- 8 Jan 2015 8:00 AM
- business
The forint was trading at 318.39 to the euro late Wednesday on the interbank forex market, up from 319.66 late on the previous day. At 319.94 to the euro early Wednesday, the forint moved between 318.38 and 320.87, after it fell to a new three-year low at 321.35 on Tuesday.
Xpat Opinion: Euro And Forint Weaken
- 7 Jan 2015 8:00 AM
- business
As the Euro weakens against the US Dollar and the Forint nears its historical low against the Euro, a left-wing analysts calls on the government to change policy course. A conservative columnist blames the weakening of both currencies on external geopolitical and economic factors.
Pintér: Local Govt-Owned Companies Amass Large Debt In Hungary
- 13 Dec 2014 8:00 AM
- business
Debt accumulated by local government-owned companies exceeds 1,000 billion forints (EUR 3.26bn), while the budget to operate the whole local government system is 781 billion forints, Sándor Pintér, the interior minister, said.
EC: Hungary On Track For Deficit Target, Not On Debt
- 3 Dec 2014 8:00 AM
- business
The European Commission said Hungary is “on track” to achieving this year’s deficit target of 2.9% of gross domestic product (GDP), but added that state debt is “not yet on a firm downward path” in a memo following a postprogramme surveillance mission to the country. The EC said that the projected pace of debt reduction “appears at risk of breaching the requirements of the Stability and Growth ...
EU Transfers Raise NBH Reserves By Eur 1.2bn In Q3
- 28 Nov 2014 8:00 AM
- business
Net transfers from the European Union remained the main item raising the National Bank of Hungary’s (NBH) international reserves, adding nearly 1.2 billion euros in the third quarter, according to the central bank’s interim report.
Measures On FX Loans Save Hungary HUF 1TR, Says Varga
- 22 Jan 2015 8:00 AM
- business
The government’s measures to shield foreign currency loan-holders have saved Hungary a total of around 1,000 billion forints, the economy minister said. Mihály Varga told public television M1 that since the majority of FX mortgages were denominated in Swiss franc, special attention had been placed on the fluctuation of the currency against the forint.
Merrill Sees Hungary's Potential Debt Upgrade
- 20 Jan 2015 8:00 AM
- business
Hungary’s current account surplus, low budget deficit and growth figures support an upgrade of the country’s sovereign debt into the investment category, Merrill Lynch analysts wrote in their latest report on the prospects for Eastern Europe to 2020.
Swiss Central Bank Move Sends Hungarian Forint Tumbling
- 16 Jan 2015 8:00 AM
- business
The forint sank to new all-time lows against the euro and the Swiss franc yesterday after Switzerland’s central bank stunned markets by scrapping the ceiling on its currency, in place since 2011. The Swiss franc surged to 0.85 per euro from 1.20, a 40% gain, before stabilising at parity with the euro.
Varga: Eliminating Forex Loans In Hungary Has Been Right Decision
- 16 Jan 2015 8:00 AM
- business
The Swiss central bank’s removal of a minimum franc-euro rate has confirmed that the Hungarian government made the right decision of eliminating forex loans from the country’s banking system in 2015, Mihály Varga, the economy minister, told government portal kormany.hu.
Hungarian Forint Wobbles Then Mostly Stable On Interbank Market
- 8 Jan 2015 8:00 AM
- business
The forint was trading at 318.39 to the euro late Wednesday on the interbank forex market, up from 319.66 late on the previous day. At 319.94 to the euro early Wednesday, the forint moved between 318.38 and 320.87, after it fell to a new three-year low at 321.35 on Tuesday.
Xpat Opinion: Euro And Forint Weaken
- 7 Jan 2015 8:00 AM
- business
As the Euro weakens against the US Dollar and the Forint nears its historical low against the Euro, a left-wing analysts calls on the government to change policy course. A conservative columnist blames the weakening of both currencies on external geopolitical and economic factors.
Pintér: Local Govt-Owned Companies Amass Large Debt In Hungary
- 13 Dec 2014 8:00 AM
- business
Debt accumulated by local government-owned companies exceeds 1,000 billion forints (EUR 3.26bn), while the budget to operate the whole local government system is 781 billion forints, Sándor Pintér, the interior minister, said.
EC: Hungary On Track For Deficit Target, Not On Debt
- 3 Dec 2014 8:00 AM
- business
The European Commission said Hungary is “on track” to achieving this year’s deficit target of 2.9% of gross domestic product (GDP), but added that state debt is “not yet on a firm downward path” in a memo following a postprogramme surveillance mission to the country. The EC said that the projected pace of debt reduction “appears at risk of breaching the requirements of the Stability and Growth ...
EU Transfers Raise NBH Reserves By Eur 1.2bn In Q3
- 28 Nov 2014 8:00 AM
- business
Net transfers from the European Union remained the main item raising the National Bank of Hungary’s (NBH) international reserves, adding nearly 1.2 billion euros in the third quarter, according to the central bank’s interim report.