160 result(s) for eu decision in Business
Hungary’s Central Bank Ready To Provide Banks With Foreign Currency
- 8 Sep 2014 9:00 AM
- business
Hungary’s banks will need around 3 billion euros to offset their liabilities in connection with compensation to clients who took out loans in foreign currency, and the central bank is ready to provide forex funding to commercial lenders from its reserves, the bank’s deputy governor said.
Budapest Municipal Court Postpones Raiffeisen Ruling To September
- 27 Aug 2014 9:00 AM
- business
The Municipal Court of Budapest has postponed to September 10 its final ruling regarding a lawsuit filed by Raiffeisen Bank against the Hungarian state in connection with conditions for loans made in foreign currency. In its Tuesday decision, the court also turned down Raiffeisen’s request for an appeal to the Constitutional Court and the European Court of Justice.
Hungary’s Forint Sharply Down On Interbank Market
- 30 Jul 2014 9:00 AM
- business
The forint was trading at 310.79 to the euro late Tuesday on the interbank forex market, down from 308.98 late Monday. At 308.96 to the euro early Tuesday, the forint moved between 308.77 and 311.31, a ten-day low. The Hungarian currency sank back to levels before the decision of the National Bank of Hungary (NBH) a week ago to stop its easing cycle.
Minister Varga Brushes Off Concern Banks Would Leave Hungary
- 29 Jul 2014 9:00 AM
- business
Measures to bail out troubled forex loan holders will not put Hungary’s banking system at risk, the economy minister said in an interview published in Monday’s business daily Világgazdaság. Banks in Hungary do not have the slightest intention of pulling out of the country, Mihály Varga said.
Busch-Hungária Kft To Start HUF 6.5 Billion Project In Győr
- 14 Jul 2014 9:00 AM
- business
Busch-Hungária Kft, a leading supplier of high value added nodular cast components for the automotive industry, announced at an event held at the company’s headquarters this Wednesday to initiate a HUF 6.4 billion expansion project in Győr. Subsidized by the Hungarian government with HUF 505 million according to a discretional government decision, the project is going to increase current staffing ...
Hungary Wizz Air Cancels London Listing Plans
- 17 Jun 2014 9:00 AM
- business
Hungarian low-cost airline Wizz Air has cancelled recently announced plans to list its shares on the London Stock Exchange. Wizz Air announced the cancellation on the London Stock Exchange website on Monday.
Plans To Reduce Personal Income Tax In Hungary By 2018
- 16 Jun 2014 9:00 AM
- business
Prime Minister Viktor Orbán said on Friday that he wanted to see the personal income tax reduced from the current 16% to below 10% by 2018. To attain this goal, the economy should grow instead of the current 2-4% by 4 to 6%, he told public Kossuth radio, adding that the latter rate is also feasible.
Indian Tyre Maker Apollo Tyres Opts For Hungary - Report
- 2 Jun 2014 9:00 AM
- business
Indian tyre maker Apollo Tyres has selected Hungary instead of Slovakia as the location of its new East European facility, Bratislava daily Hospodrsk noviny wrote on Friday.
Hungarian Banks Face High Costs If Government Expands Rate-Cap Scheme, Says Bank Chief
- 20 May 2014 9:00 AM
- business
Expanding the government scheme to cap the exchange rate for forex mortgage repayments may well be a good solution for troubled debtors but would cost the banking sector dearly, Mihály Patai told the press. Patai, recently re-elected as chairman of Hungary’s Banking Association, said a decision by the Kúria, Hungary’s supreme court, on forex loans expected in the autumn would raise banks’ costs, ...
Hungary’s Central Bank Ready To Provide Banks With Foreign Currency
- 8 Sep 2014 9:00 AM
- business
Hungary’s banks will need around 3 billion euros to offset their liabilities in connection with compensation to clients who took out loans in foreign currency, and the central bank is ready to provide forex funding to commercial lenders from its reserves, the bank’s deputy governor said.
Budapest Municipal Court Postpones Raiffeisen Ruling To September
- 27 Aug 2014 9:00 AM
- business
The Municipal Court of Budapest has postponed to September 10 its final ruling regarding a lawsuit filed by Raiffeisen Bank against the Hungarian state in connection with conditions for loans made in foreign currency. In its Tuesday decision, the court also turned down Raiffeisen’s request for an appeal to the Constitutional Court and the European Court of Justice.
Hungary’s Forint Sharply Down On Interbank Market
- 30 Jul 2014 9:00 AM
- business
The forint was trading at 310.79 to the euro late Tuesday on the interbank forex market, down from 308.98 late Monday. At 308.96 to the euro early Tuesday, the forint moved between 308.77 and 311.31, a ten-day low. The Hungarian currency sank back to levels before the decision of the National Bank of Hungary (NBH) a week ago to stop its easing cycle.
Minister Varga Brushes Off Concern Banks Would Leave Hungary
- 29 Jul 2014 9:00 AM
- business
Measures to bail out troubled forex loan holders will not put Hungary’s banking system at risk, the economy minister said in an interview published in Monday’s business daily Világgazdaság. Banks in Hungary do not have the slightest intention of pulling out of the country, Mihály Varga said.
Busch-Hungária Kft To Start HUF 6.5 Billion Project In Győr
- 14 Jul 2014 9:00 AM
- business
Busch-Hungária Kft, a leading supplier of high value added nodular cast components for the automotive industry, announced at an event held at the company’s headquarters this Wednesday to initiate a HUF 6.4 billion expansion project in Győr. Subsidized by the Hungarian government with HUF 505 million according to a discretional government decision, the project is going to increase current staffing ...
Hungary Wizz Air Cancels London Listing Plans
- 17 Jun 2014 9:00 AM
- business
Hungarian low-cost airline Wizz Air has cancelled recently announced plans to list its shares on the London Stock Exchange. Wizz Air announced the cancellation on the London Stock Exchange website on Monday.
Plans To Reduce Personal Income Tax In Hungary By 2018
- 16 Jun 2014 9:00 AM
- business
Prime Minister Viktor Orbán said on Friday that he wanted to see the personal income tax reduced from the current 16% to below 10% by 2018. To attain this goal, the economy should grow instead of the current 2-4% by 4 to 6%, he told public Kossuth radio, adding that the latter rate is also feasible.
Indian Tyre Maker Apollo Tyres Opts For Hungary - Report
- 2 Jun 2014 9:00 AM
- business
Indian tyre maker Apollo Tyres has selected Hungary instead of Slovakia as the location of its new East European facility, Bratislava daily Hospodrsk noviny wrote on Friday.
Hungarian Banks Face High Costs If Government Expands Rate-Cap Scheme, Says Bank Chief
- 20 May 2014 9:00 AM
- business
Expanding the government scheme to cap the exchange rate for forex mortgage repayments may well be a good solution for troubled debtors but would cost the banking sector dearly, Mihály Patai told the press. Patai, recently re-elected as chairman of Hungary’s Banking Association, said a decision by the Kúria, Hungary’s supreme court, on forex loans expected in the autumn would raise banks’ costs, ...