411 result(s) for english language in Business
Hungarian Company Közgép Slashes Workforce In Half
- 14 Oct 2015 9:00 AM
- business
Construction group Közgép yesterday announced that it will lay-off 350 employees, half of its staff, due to a plunge in new orders. The job losses will affect 283 administrative positions and 67 blue-collar jobs. Companies owned by Lajos Simicska have been hit hard by the loss of state orders since relations between the former financier of the Fidesz party and Prime Minister Viktor Orbán turned ...
Hungary’s M1 Channel Costs HUF 4.3bn This Year
- 1 Oct 2015 9:00 AM
- business
The maintenance of state-run all news channel M1, launched in March, is costing state media manager MTVA Ft 4.3 billion this year, Népszabadság reports. The new sports channel M4, launched in July, is costing Ft 5.4 billion. Due to the rising costs, the government will assume Ft 47.2 billion of debts from state media. MTVA’s budget for this year is Ft 80 billion.
Vajna May Buy Hungary's TV2 This Year
- 31 Aug 2015 9:00 AM
- business
Government film commissioner Andy Vajna may purchase television channel TV2 in a matter of weeks or months, Népszabadság reports. Current owners Zsolt Simon and Yvonne Dederick do not appear to have funds to pay the estimated Ft 5 billion purchase price to ProSiebenSat 1, the German company from which they bought TV2 at the end of 2013, the newspaper adds.
LMP: Hungary's MNB Violates Bank Secrecy
- 26 Aug 2015 9:00 AM
- business
LMP will file a complaint against the MNB for violating banking secrets as information about a loan taken by a Magyar Nemzet journalist critical of the central bank has been made public without permission. The MNB said it is demanding a correction from Magyar Nemzet as the journalist’s personal loan, along with “his lack of information and assumed grievances” were behind the false allegations.
Hungarians Manipulated Prices On LSE
- 14 Aug 2015 9:00 AM
- business
Three Hungarian brokers were fined £6 million after a British court found them guilty of spoofing, an illegal stock-market practice. The Hungarian gang used sophisticated high-speed trading programmes to influence prices on the London Stock Exchange. Swiss fund manager Da Vinci Invest was also fined £1.5 million.
Hungarian Danubius Hotel Chain Buyout Successful
- 14 Aug 2015 9:00 AM
- business
The majority shareholders of Danubius Hotels have made a successful buyout offer for outstanding shares of the company, it was announced yesterday, opening the way for the delisting of the company from the Budapest Stock Exchange.
Budapest Bank Cards Hacked
- 13 Aug 2015 3:40 AM
- business
Unknown criminals have gained access to the security settings of bankcards issued by state-owned Budapest Bank and have taken money from the accounts of its clients using ATMs abroad, Napi Gazdaság has learnt from victims. One Budapest Bank client received five or six text messages within minutes, each of them stating that Ft 50,000-60,000 had been withdrawn from his account at an ATM in Bali, ...
OLAF Confirms Inquiry Into Hungarian Company Elios
- 22 Jul 2015 9:00 AM
- business
The European Anti-Fraud Office (OLAF) yesterday confirmed that it has started an official inquiry into EU-financed public procurement contracts awarded to a company until recently owned in part by Prime Minister Viktor Orbán’s son-in-law István Tiborcz.
Grexit Would Hurt Hungarian Forint In Short Term
- 29 Jun 2015 9:00 AM
- business
The forint and Poland’s zloty would be the Eastern European currencies most affected by a Greek exit from the euro, as these countries’ bond markers have highest percentage of foreign investors, according to analyst András Balatoni of ING bank. These currencies will weaken for a short period as foreigners sell their forint and zloty denominated bonds, he added.
Hungarian Company Közgép Slashes Workforce In Half
- 14 Oct 2015 9:00 AM
- business
Construction group Közgép yesterday announced that it will lay-off 350 employees, half of its staff, due to a plunge in new orders. The job losses will affect 283 administrative positions and 67 blue-collar jobs. Companies owned by Lajos Simicska have been hit hard by the loss of state orders since relations between the former financier of the Fidesz party and Prime Minister Viktor Orbán turned ...
Hungary’s M1 Channel Costs HUF 4.3bn This Year
- 1 Oct 2015 9:00 AM
- business
The maintenance of state-run all news channel M1, launched in March, is costing state media manager MTVA Ft 4.3 billion this year, Népszabadság reports. The new sports channel M4, launched in July, is costing Ft 5.4 billion. Due to the rising costs, the government will assume Ft 47.2 billion of debts from state media. MTVA’s budget for this year is Ft 80 billion.
Vajna May Buy Hungary's TV2 This Year
- 31 Aug 2015 9:00 AM
- business
Government film commissioner Andy Vajna may purchase television channel TV2 in a matter of weeks or months, Népszabadság reports. Current owners Zsolt Simon and Yvonne Dederick do not appear to have funds to pay the estimated Ft 5 billion purchase price to ProSiebenSat 1, the German company from which they bought TV2 at the end of 2013, the newspaper adds.
LMP: Hungary's MNB Violates Bank Secrecy
- 26 Aug 2015 9:00 AM
- business
LMP will file a complaint against the MNB for violating banking secrets as information about a loan taken by a Magyar Nemzet journalist critical of the central bank has been made public without permission. The MNB said it is demanding a correction from Magyar Nemzet as the journalist’s personal loan, along with “his lack of information and assumed grievances” were behind the false allegations.
Hungarians Manipulated Prices On LSE
- 14 Aug 2015 9:00 AM
- business
Three Hungarian brokers were fined £6 million after a British court found them guilty of spoofing, an illegal stock-market practice. The Hungarian gang used sophisticated high-speed trading programmes to influence prices on the London Stock Exchange. Swiss fund manager Da Vinci Invest was also fined £1.5 million.
Hungarian Danubius Hotel Chain Buyout Successful
- 14 Aug 2015 9:00 AM
- business
The majority shareholders of Danubius Hotels have made a successful buyout offer for outstanding shares of the company, it was announced yesterday, opening the way for the delisting of the company from the Budapest Stock Exchange.
Budapest Bank Cards Hacked
- 13 Aug 2015 3:40 AM
- business
Unknown criminals have gained access to the security settings of bankcards issued by state-owned Budapest Bank and have taken money from the accounts of its clients using ATMs abroad, Napi Gazdaság has learnt from victims. One Budapest Bank client received five or six text messages within minutes, each of them stating that Ft 50,000-60,000 had been withdrawn from his account at an ATM in Bali, ...
OLAF Confirms Inquiry Into Hungarian Company Elios
- 22 Jul 2015 9:00 AM
- business
The European Anti-Fraud Office (OLAF) yesterday confirmed that it has started an official inquiry into EU-financed public procurement contracts awarded to a company until recently owned in part by Prime Minister Viktor Orbán’s son-in-law István Tiborcz.
Grexit Would Hurt Hungarian Forint In Short Term
- 29 Jun 2015 9:00 AM
- business
The forint and Poland’s zloty would be the Eastern European currencies most affected by a Greek exit from the euro, as these countries’ bond markers have highest percentage of foreign investors, according to analyst András Balatoni of ING bank. These currencies will weaken for a short period as foreigners sell their forint and zloty denominated bonds, he added.