411 result(s) for english language in Business
Hungary’s Tax Authority NAV Closing Grain VAT Fraud Inquiry
- 20 Jan 2016 8:00 AM
- business
The tax authority NAV will soon complete its investigation into the estimated Ft 18 billion sunflower and rapeseed VAT fraud, in which foreign companies were involved, Magyar Idõk writes. Reports indicate that a group of criminals shipped nearly 400,000 tons of sunflower seeds and rapeseed between Hungary and Slovakia in 2009-12, mostly on paper only, in a tax avoidance scam. The Slovak state has ...
Hungary’s MNB Bans Forex Company
- 13 Jan 2016 8:00 AM
- business
Pro Trade FX, a foreign-currency trader registered in the British Virgin Islands, has been banned from conducting unlicensed investment services and activities and acting as an agent in Hungary, effective immediately, the MNB has announced.
Hungarian State Owned MKB Objects To Media Reports
- 28 Dec 2015 9:00 AM
- business
State-owned MKB bank issued an announcement on Wednesday warning media outlets not to disclose bank secrets. Following EU approval on December 16 of the bank’s consolidation plan, MKB leaders have decided “to focus significantly greater attention on action against those in breach of banking confidentiality to comply with the letter and the spirit of the law,” the bank said.
More Companies De-Registered In Hungary
- 16 Dec 2015 8:00 AM
- business
Some 44,700 companies have been deleted from the official register this year, 4% more than last year, website feketelista.hu reports. More companies were de-registered than created in all 19 counties. In Budapest, twice as many, 20,534, companies were removed from the list as were added.
Hungarian National Bank Advises Caution In Borrowing
- 15 Dec 2015 8:00 AM
- business
The MNB is advising Hungarians to be careful in taking out consumer loans during the Christmas season. The central bank noted that the total cost of lending (THM) for consumer credit, personal loans, overdrafts and credit cards can vary significantly among service providers.
Analysts Expect Hungarian National Bank Announcement Re Liquidity
- 14 Dec 2015 8:00 AM
- business
The MNB’s monetary council is widely expected to keep the rate on hold at 1.35% at the last rate-setting meeting of the year on Tuesday. Instead, analysts are turning their attention to the possible expansion of non-conventional monetary tools, designed to redirect deposits held at the central bank by banks to the bond market. The MNB is also expected to announce its revised growth targets.
Fewer Foreigners Starting Businesses In Hungary
- 20 Nov 2015 8:00 AM
- business
The number of new companies registered with one or more foreign owners fell from an annual 3,000 in 2009 to 2,200 last year, according to company data provider Opten. Tighter rules aimed at reducing registrations for fraudulent purposes played a part in the lower number.
Hungary's OTP Bank Chairman Csányi On Forbes List Of Billionaires
- 4 Nov 2015 8:00 AM
- business
OTP bank chairman and CEO Sándor Csányi has become the first Hungarian to be included on the list of the world’s dollar billionaires, complied by US-based Forbes magazine. He is the richest Hungarian with an estimated net worth of Ft 287.9 billion, or approximately $1.01 billion.
Hungarian National Bank Outlaws Asset Manager
- 19 Oct 2015 9:00 AM
- business
The MNB has banned the activities of asset manager Riches Builder and Seychelles-registered Riches Builder Investment and fined them Ft 338 million for collecting deposits without a licence. The two companies promised outstandingly high yields and repayment guarantees. An aggravating factor in the case was that the companies did not co-operate fully with the MNB during the investigation. The ...
Hungary’s Tax Authority NAV Closing Grain VAT Fraud Inquiry
- 20 Jan 2016 8:00 AM
- business
The tax authority NAV will soon complete its investigation into the estimated Ft 18 billion sunflower and rapeseed VAT fraud, in which foreign companies were involved, Magyar Idõk writes. Reports indicate that a group of criminals shipped nearly 400,000 tons of sunflower seeds and rapeseed between Hungary and Slovakia in 2009-12, mostly on paper only, in a tax avoidance scam. The Slovak state has ...
Hungary’s MNB Bans Forex Company
- 13 Jan 2016 8:00 AM
- business
Pro Trade FX, a foreign-currency trader registered in the British Virgin Islands, has been banned from conducting unlicensed investment services and activities and acting as an agent in Hungary, effective immediately, the MNB has announced.
Hungarian State Owned MKB Objects To Media Reports
- 28 Dec 2015 9:00 AM
- business
State-owned MKB bank issued an announcement on Wednesday warning media outlets not to disclose bank secrets. Following EU approval on December 16 of the bank’s consolidation plan, MKB leaders have decided “to focus significantly greater attention on action against those in breach of banking confidentiality to comply with the letter and the spirit of the law,” the bank said.
More Companies De-Registered In Hungary
- 16 Dec 2015 8:00 AM
- business
Some 44,700 companies have been deleted from the official register this year, 4% more than last year, website feketelista.hu reports. More companies were de-registered than created in all 19 counties. In Budapest, twice as many, 20,534, companies were removed from the list as were added.
Hungarian National Bank Advises Caution In Borrowing
- 15 Dec 2015 8:00 AM
- business
The MNB is advising Hungarians to be careful in taking out consumer loans during the Christmas season. The central bank noted that the total cost of lending (THM) for consumer credit, personal loans, overdrafts and credit cards can vary significantly among service providers.
Analysts Expect Hungarian National Bank Announcement Re Liquidity
- 14 Dec 2015 8:00 AM
- business
The MNB’s monetary council is widely expected to keep the rate on hold at 1.35% at the last rate-setting meeting of the year on Tuesday. Instead, analysts are turning their attention to the possible expansion of non-conventional monetary tools, designed to redirect deposits held at the central bank by banks to the bond market. The MNB is also expected to announce its revised growth targets.
Fewer Foreigners Starting Businesses In Hungary
- 20 Nov 2015 8:00 AM
- business
The number of new companies registered with one or more foreign owners fell from an annual 3,000 in 2009 to 2,200 last year, according to company data provider Opten. Tighter rules aimed at reducing registrations for fraudulent purposes played a part in the lower number.
Hungary's OTP Bank Chairman Csányi On Forbes List Of Billionaires
- 4 Nov 2015 8:00 AM
- business
OTP bank chairman and CEO Sándor Csányi has become the first Hungarian to be included on the list of the world’s dollar billionaires, complied by US-based Forbes magazine. He is the richest Hungarian with an estimated net worth of Ft 287.9 billion, or approximately $1.01 billion.
Hungarian National Bank Outlaws Asset Manager
- 19 Oct 2015 9:00 AM
- business
The MNB has banned the activities of asset manager Riches Builder and Seychelles-registered Riches Builder Investment and fined them Ft 338 million for collecting deposits without a licence. The two companies promised outstandingly high yields and repayment guarantees. An aggravating factor in the case was that the companies did not co-operate fully with the MNB during the investigation. The ...