522 result(s) for development in Business
Varga Discusses IMF, EC Hungary Country Reports
- 20 Apr 2015 9:00 AM
- business
At talks in Washington, DC, Economy Minister Mihály Varga discussed Hungary’s country reports by the International Monetary Fund (IMF) and the European Commission, and Hungary’s potential involvement in the World Bank Group’s development schemes. Varga attended the 2015 Spring Meetings of the World Bank Group and the IMF.
EU Suspends Payment Of USD 2.6 Billion Of Development Funds To Hungary
- 16 Apr 2015 11:50 AM
- business
The European Union is suspending EU transfers to Hungary which are connected to the economic development operative programs. The projects at the source of the program have already been completed and their contractors have been paid. The suspension of funds affects roughly HUF 700 billion (USD 2.6 billion) in EU development funds. Hungary’s government estimates it will have to pay back around 10 ...
Hungary’s PM Budget Draft To Go Before Next Govt Session
- 10 Apr 2015 11:00 AM
- business
The economy ministry’s draft for next year’s state budget will be submitted to the government at its next session, Prime Minister Viktor Orbán told public radio. Orbán said that he expected the budget to be passed by parliament before the end of the spring session, adding that an early budget would increase predictability.
Hungarian Gov’t Throws Lifeline To Brokerage Victims
- 10 Apr 2015 9:00 AM
- business
The government will provide Ft 2 billion in the coming days to 84 local governments that lost money in the Buda-Cash brokerage scandal to help them pay for salaries and welfare transfers, PMO Minister János Lázár announced yesterday.
Hungary Near Top On The “Corrupt Countries” List
- 9 Apr 2015 9:00 AM
- business
There are a variety of signs, some screaming to be notices, others barely visible that signal corruption could be present in a public procurement. Hungary came out near the top of a sample of countries that were showing signs of corruption, István János Tóth, co-founder and director of Corruption Research Center, Budapest (CRCB), tells business website portfolio.hu.
CBank Programme Ensures 4.5 Bn Euros To Hungary SMEs
- 8 Apr 2015 9:00 AM
- business
Under the National Bank of Hungary’s credit for growth programme a total 1,360 billion forints (EUR 4.5bn) have been lent to some 21,000 Hungarian small and medium-size enterprises since the scheme was launched in June 2013, the central bank said on its website.
Lazar Names Govt Agencies Impacted By Brokerage Scandals
- 2 Apr 2015 5:00 AM
- business
Cabinet chief János Lázár has mentioned the Prime Minister’s Office, the foreign ministry, the agricultural ministry, as well as a number of local governments as agencies that had financial dealings with brokerage companies. Lazar referred to a 17 billion forint (EUR 56m) loan granted by the Hungarian Development Bank under a previous, Socialist, government to now bankrupted Quaestor, as the ...
Billions Loaned To Quaestor Under Gyurcsány Govt, Says Fidesz
- 31 Mar 2015 9:00 AM
- business
Hungary’s Fidesz ruling party has proposed setting up a parliamentary sub-committee to investigate a government loan to the Quaestor brokerage made under the Socialist administration of Ferenc Gyurcsány.
Mihály Varga: High Time For A Credit Rating Upgrade
- 23 Mar 2015 8:00 AM
- business
The country’s situation warrants an upgrade by credit rating agencies, as over the past years Hungary’s current account has posted massive surpluses, general government budget deficit has been below 3 percent for years, economic growth has been picking up and employment shows steady improvement, Minister for National Economy Mihály Varga said at the Hungarian Business Leaders Forum held in ...
Varga Discusses IMF, EC Hungary Country Reports
- 20 Apr 2015 9:00 AM
- business
At talks in Washington, DC, Economy Minister Mihály Varga discussed Hungary’s country reports by the International Monetary Fund (IMF) and the European Commission, and Hungary’s potential involvement in the World Bank Group’s development schemes. Varga attended the 2015 Spring Meetings of the World Bank Group and the IMF.
EU Suspends Payment Of USD 2.6 Billion Of Development Funds To Hungary
- 16 Apr 2015 11:50 AM
- business
The European Union is suspending EU transfers to Hungary which are connected to the economic development operative programs. The projects at the source of the program have already been completed and their contractors have been paid. The suspension of funds affects roughly HUF 700 billion (USD 2.6 billion) in EU development funds. Hungary’s government estimates it will have to pay back around 10 ...
Hungary’s PM Budget Draft To Go Before Next Govt Session
- 10 Apr 2015 11:00 AM
- business
The economy ministry’s draft for next year’s state budget will be submitted to the government at its next session, Prime Minister Viktor Orbán told public radio. Orbán said that he expected the budget to be passed by parliament before the end of the spring session, adding that an early budget would increase predictability.
Hungarian Gov’t Throws Lifeline To Brokerage Victims
- 10 Apr 2015 9:00 AM
- business
The government will provide Ft 2 billion in the coming days to 84 local governments that lost money in the Buda-Cash brokerage scandal to help them pay for salaries and welfare transfers, PMO Minister János Lázár announced yesterday.
Hungary Near Top On The “Corrupt Countries” List
- 9 Apr 2015 9:00 AM
- business
There are a variety of signs, some screaming to be notices, others barely visible that signal corruption could be present in a public procurement. Hungary came out near the top of a sample of countries that were showing signs of corruption, István János Tóth, co-founder and director of Corruption Research Center, Budapest (CRCB), tells business website portfolio.hu.
CBank Programme Ensures 4.5 Bn Euros To Hungary SMEs
- 8 Apr 2015 9:00 AM
- business
Under the National Bank of Hungary’s credit for growth programme a total 1,360 billion forints (EUR 4.5bn) have been lent to some 21,000 Hungarian small and medium-size enterprises since the scheme was launched in June 2013, the central bank said on its website.
Lazar Names Govt Agencies Impacted By Brokerage Scandals
- 2 Apr 2015 5:00 AM
- business
Cabinet chief János Lázár has mentioned the Prime Minister’s Office, the foreign ministry, the agricultural ministry, as well as a number of local governments as agencies that had financial dealings with brokerage companies. Lazar referred to a 17 billion forint (EUR 56m) loan granted by the Hungarian Development Bank under a previous, Socialist, government to now bankrupted Quaestor, as the ...
Billions Loaned To Quaestor Under Gyurcsány Govt, Says Fidesz
- 31 Mar 2015 9:00 AM
- business
Hungary’s Fidesz ruling party has proposed setting up a parliamentary sub-committee to investigate a government loan to the Quaestor brokerage made under the Socialist administration of Ferenc Gyurcsány.
Mihály Varga: High Time For A Credit Rating Upgrade
- 23 Mar 2015 8:00 AM
- business
The country’s situation warrants an upgrade by credit rating agencies, as over the past years Hungary’s current account has posted massive surpluses, general government budget deficit has been below 3 percent for years, economic growth has been picking up and employment shows steady improvement, Minister for National Economy Mihály Varga said at the Hungarian Business Leaders Forum held in ...