522 result(s) for development in Business
Moody’s Takes Rating Actions On Six Hungarian Banks
- 13 Nov 2015 8:00 AM
- business
Ratings agency Moody’s has taken rating actions on six Hungarian banks, prompted by the outlook change to Hungary’s sovereign rating to “positive” from “stable” last Friday. Moody’s also changed Hungary’s Macro Profile to “Weak+” from “Weak”, driven by the improvement in the Hungarian banks’ operating environment, in particular in the country’s economic strength.
Nearly 1,000 EU - Financed Development Projects Delayed
- 4 Nov 2015 3:00 AM
- business
A total of 962 development projects co-financed by the European Union are currently delayed, business daily Világgazdaság reported. Citing cabinet office information, the paper said that at the end of the third quarter the state sector and local councils were 150 billion forints (EUR 480m) behind schedule in taking up EU monies.
Hungarian Tax Authority Uncovers Intl Money Laundering, Cigarette Smuggling Operation
- 13 Oct 2015 5:34 AM
- business
Hungary’s tax and customs authority (NAV) said on Tuesday that it is investigating an international money laundering and cigarette smuggling operation, and it has so far apprehended 33 suspects. Vietnamese and Egyptian nationals based in Budapest are suspected of directing the transfer of euros acquired in crimes committed in Europe first to Hungary and then to Slovakia.
Hungary May Become Central-Europe’s Growth Hub
- 5 Oct 2015 11:00 AM
- business
Hungary has the capacity to become Central-Europe’s growth hub, Prime Minister Viktor Orbán said at the opening ceremony of the Bank of China’s RMB clearing centre in Hungary. Let us believe the Chinese (...), if they chose Budapest as their regional centre, there must plenty of steam, potential and future in this country (...). We are able to increase even our current economic performance, with ...
Funding For Economic Development Programme In Hungary Up HUF 74 bn
- 1 Oct 2015 9:00 AM
- business
The government has raised this year’s allocation for the Economic Development and Innovation Operative Programme, a national framework for awarding European Union funding, by 74 billion forints to 902 billion (EUR 2.9bn), an official of the economy ministry official told a conference.
Govt Office Chief Presses For National Infrastructure Development Programme
- 1 Oct 2015 5:24 AM
- business
Government office chief János Lázár urged the launch of a national infrastructure development programme, speaking at a conference organised by Portfolio.hu. The development programme will be used to fund the roughly 100 Hungarian companies that do not count as small and medium-sized firms and are thus not eligible for EU funds.
Hungary Slips To 63rd Place In Global Competitiveness Ranking
- 30 Sep 2015 4:00 AM
- business
Hungary has slipped to the 63rd place in the latest ranking of 140 countries based on competitiveness compiled by the World Economic Forum. In the report, Hungary fell by three places (the report included 144 countries a year earlier). On a scale of 1-7, Hungary’s overall score edged down to 4.25 from 4.28 a year earlier. Hungary reached higher scores in the category of health and primary ...
Suspended EU Payments For Hungary Restarted
- 29 Sep 2015 4:30 AM
- business
Payments have been restarted in the first three priorities of the Economic Development Operational Programme (GOP) after the European Commission stopped the suspension of payments following a five-month dispute, deputy state secretary at the prime minister’s office Nándor Csepreghy told a press conference. Fully 210 billion forints (EUR 670m) of development funding will be transferred to Hungary ...
EC Resumes Development Funding Payments To Hungary
- 28 Sep 2015 9:00 AM
- business
The European Commission has lifted a ban on the disbursement of European Union economic development funding to Hungary, daily Magyar Idők reported. With a resolution dated September 23, the Brussels commission closed a probe affecting funding worth about 700 billion forints (EUR 2.24bn), the paper said on Saturday.
Moody’s Takes Rating Actions On Six Hungarian Banks
- 13 Nov 2015 8:00 AM
- business
Ratings agency Moody’s has taken rating actions on six Hungarian banks, prompted by the outlook change to Hungary’s sovereign rating to “positive” from “stable” last Friday. Moody’s also changed Hungary’s Macro Profile to “Weak+” from “Weak”, driven by the improvement in the Hungarian banks’ operating environment, in particular in the country’s economic strength.
Nearly 1,000 EU - Financed Development Projects Delayed
- 4 Nov 2015 3:00 AM
- business
A total of 962 development projects co-financed by the European Union are currently delayed, business daily Világgazdaság reported. Citing cabinet office information, the paper said that at the end of the third quarter the state sector and local councils were 150 billion forints (EUR 480m) behind schedule in taking up EU monies.
Hungarian Tax Authority Uncovers Intl Money Laundering, Cigarette Smuggling Operation
- 13 Oct 2015 5:34 AM
- business
Hungary’s tax and customs authority (NAV) said on Tuesday that it is investigating an international money laundering and cigarette smuggling operation, and it has so far apprehended 33 suspects. Vietnamese and Egyptian nationals based in Budapest are suspected of directing the transfer of euros acquired in crimes committed in Europe first to Hungary and then to Slovakia.
Hungary May Become Central-Europe’s Growth Hub
- 5 Oct 2015 11:00 AM
- business
Hungary has the capacity to become Central-Europe’s growth hub, Prime Minister Viktor Orbán said at the opening ceremony of the Bank of China’s RMB clearing centre in Hungary. Let us believe the Chinese (...), if they chose Budapest as their regional centre, there must plenty of steam, potential and future in this country (...). We are able to increase even our current economic performance, with ...
Funding For Economic Development Programme In Hungary Up HUF 74 bn
- 1 Oct 2015 9:00 AM
- business
The government has raised this year’s allocation for the Economic Development and Innovation Operative Programme, a national framework for awarding European Union funding, by 74 billion forints to 902 billion (EUR 2.9bn), an official of the economy ministry official told a conference.
Govt Office Chief Presses For National Infrastructure Development Programme
- 1 Oct 2015 5:24 AM
- business
Government office chief János Lázár urged the launch of a national infrastructure development programme, speaking at a conference organised by Portfolio.hu. The development programme will be used to fund the roughly 100 Hungarian companies that do not count as small and medium-sized firms and are thus not eligible for EU funds.
Hungary Slips To 63rd Place In Global Competitiveness Ranking
- 30 Sep 2015 4:00 AM
- business
Hungary has slipped to the 63rd place in the latest ranking of 140 countries based on competitiveness compiled by the World Economic Forum. In the report, Hungary fell by three places (the report included 144 countries a year earlier). On a scale of 1-7, Hungary’s overall score edged down to 4.25 from 4.28 a year earlier. Hungary reached higher scores in the category of health and primary ...
Suspended EU Payments For Hungary Restarted
- 29 Sep 2015 4:30 AM
- business
Payments have been restarted in the first three priorities of the Economic Development Operational Programme (GOP) after the European Commission stopped the suspension of payments following a five-month dispute, deputy state secretary at the prime minister’s office Nándor Csepreghy told a press conference. Fully 210 billion forints (EUR 670m) of development funding will be transferred to Hungary ...
EC Resumes Development Funding Payments To Hungary
- 28 Sep 2015 9:00 AM
- business
The European Commission has lifted a ban on the disbursement of European Union economic development funding to Hungary, daily Magyar Idők reported. With a resolution dated September 23, the Brussels commission closed a probe affecting funding worth about 700 billion forints (EUR 2.24bn), the paper said on Saturday.