412 result(s) for english language in Business
Online Discount Bank Registered In Hungary
- 17 Jan 2012 8:04 AM
- business
"The Company Court has officially registered Webbank, founded to assist borrowers in converting their foreign-currency mortgage loans. The bank is to have Ft 3 billion of capital, 49% of that provided by the state and 51% by private investors. Webbank will have only one branch, but its operations will be based entirely on the internet, to keep operating costs low.
Fitch Downgrades Hungarian Banks
- 16 Jan 2012 8:10 AM
- business
"Fitch Ratings downgraded its rating of four Hungarian banks, as a consequence of its decision to reduce Hungarian state debt to junk status on January 6. Specifically, the long-term debt of CIB and K&H banks is lowered to “BBB”. Fitch also downgraded the support of the parent concerning CIB, K&H, Erste and Raiffeisen banks.
EU Orders Malév Hungarian Airlines To Repay State Aid
- 12 Jan 2012 10:35 AM
- business
"The European Commission yesterday ordered Malév to repay almost Ft 100 billion to the state, after ruling that government financial assistance for the airline during 2007-10 constituted illegal state aid. In essence, the EU competition authority found that Malév could not have obtained such financing from the market on similar conditions as offered by the state.
Suzuki Hungary Recalls 125,000 Swift Models
- 30 Dec 2010 8:14 AM
- business
"Suzuki Magyarország is recalling 125,000 Swift cars manufactured at its Hungarian production base in Esztergom in 1997-2002, due to corrosion of the front shock absorbers, which could lead to further problems, state news agency MTI reports.
Panrusgáz Reluctant To Pay Crisis Tax
- 29 Dec 2010 3:00 AM
- business
"Panrusgáz, the joint venture of Russian state company Gazprom and German energy giant E.ON, has not yet paid its Ft 6 billion crisis tax bill, several market sources confirmed.
Analysts See More Rate Hikes In Hungary In 2011
- 19 Dec 2010 6:00 AM
- business
"The National Bank (MNB) will keep the base rate unchanged at 5.5%, but raise them again before very long, according to analysts surveyed by Napi Gazdasag. Takarekbank’s Gergely Suppan said the MNB will wait until early 2011 to raise rates, which will come on the heels of higher inflation figures than expected in December and January.
Hungarian Gov’t Strains To Meet Budget Target
- 17 Dec 2010 7:00 AM
- business
"The government has cut ministries’ spending by Ft 100 billion for the month of December following reports that the state budget was at 151% of the year-end target at the end of November, Napi Gazdasag reports. The cabinet issued a decree setting a Ft 371 billion spending ceiling for the month of December in order to meet the 3.8% budget deficit target for 2010.
Hungarian Cabinet Promises To Announce Reforms In February
- 15 Dec 2010 12:00 AM
- business
"Hungary's structural reform plans, officially entitled the Hungarian Growth and Stability Programme, will be finalised by late February, government spokeswoman Anna Nagy announced after the cabinet held its weekly meeting.
MOL To Lose Big From New Gas Price Rule In Hungary
- 9 Dec 2010 12:00 AM
- business
"MOL is expected to be billions of forints out of pocket as a result of the bill on modifying gas prices that Parliament approved. The proposal would put price-setting authority on gas exploited in Hungary in the hands of National Development Minister Tamas Fellegi.
Online Discount Bank Registered In Hungary
- 17 Jan 2012 8:04 AM
- business
"The Company Court has officially registered Webbank, founded to assist borrowers in converting their foreign-currency mortgage loans. The bank is to have Ft 3 billion of capital, 49% of that provided by the state and 51% by private investors. Webbank will have only one branch, but its operations will be based entirely on the internet, to keep operating costs low.
Fitch Downgrades Hungarian Banks
- 16 Jan 2012 8:10 AM
- business
"Fitch Ratings downgraded its rating of four Hungarian banks, as a consequence of its decision to reduce Hungarian state debt to junk status on January 6. Specifically, the long-term debt of CIB and K&H banks is lowered to “BBB”. Fitch also downgraded the support of the parent concerning CIB, K&H, Erste and Raiffeisen banks.
EU Orders Malév Hungarian Airlines To Repay State Aid
- 12 Jan 2012 10:35 AM
- business
"The European Commission yesterday ordered Malév to repay almost Ft 100 billion to the state, after ruling that government financial assistance for the airline during 2007-10 constituted illegal state aid. In essence, the EU competition authority found that Malév could not have obtained such financing from the market on similar conditions as offered by the state.
Suzuki Hungary Recalls 125,000 Swift Models
- 30 Dec 2010 8:14 AM
- business
"Suzuki Magyarország is recalling 125,000 Swift cars manufactured at its Hungarian production base in Esztergom in 1997-2002, due to corrosion of the front shock absorbers, which could lead to further problems, state news agency MTI reports.
Panrusgáz Reluctant To Pay Crisis Tax
- 29 Dec 2010 3:00 AM
- business
"Panrusgáz, the joint venture of Russian state company Gazprom and German energy giant E.ON, has not yet paid its Ft 6 billion crisis tax bill, several market sources confirmed.
Analysts See More Rate Hikes In Hungary In 2011
- 19 Dec 2010 6:00 AM
- business
"The National Bank (MNB) will keep the base rate unchanged at 5.5%, but raise them again before very long, according to analysts surveyed by Napi Gazdasag. Takarekbank’s Gergely Suppan said the MNB will wait until early 2011 to raise rates, which will come on the heels of higher inflation figures than expected in December and January.
Hungarian Gov’t Strains To Meet Budget Target
- 17 Dec 2010 7:00 AM
- business
"The government has cut ministries’ spending by Ft 100 billion for the month of December following reports that the state budget was at 151% of the year-end target at the end of November, Napi Gazdasag reports. The cabinet issued a decree setting a Ft 371 billion spending ceiling for the month of December in order to meet the 3.8% budget deficit target for 2010.
Hungarian Cabinet Promises To Announce Reforms In February
- 15 Dec 2010 12:00 AM
- business
"Hungary's structural reform plans, officially entitled the Hungarian Growth and Stability Programme, will be finalised by late February, government spokeswoman Anna Nagy announced after the cabinet held its weekly meeting.
MOL To Lose Big From New Gas Price Rule In Hungary
- 9 Dec 2010 12:00 AM
- business
"MOL is expected to be billions of forints out of pocket as a result of the bill on modifying gas prices that Parliament approved. The proposal would put price-setting authority on gas exploited in Hungary in the hands of National Development Minister Tamas Fellegi.