149 result(s) for european currency
Christian Democrat Scorns Soros’s Migrant Proposals
- 4 Jul 2016 9:00 AM
- current affairs
Recent pro-migration proposals made by “currency speculator” George Soros at a hearing in Brussels would be bad for Hungarians, a co-ruling Christian Democrat lawmaker said. If Soros’s ideas were put into practice, a massive flow of migrants into the European Union and Hungary would result, István Hollik said.
Hungarian Parliamentary Speaker Kövér: EU Weaker Than Ever
- 28 Dec 2015 3:00 AM
- current affairs
The European Union has become weaker than ever in economic, military and political terms, Parliamentary Speaker László Kövér told daily Magyar Hírlap. Whereas Europe at the turn of the millennium was close to becoming a strong and independent community, it has since “proved a fiasco”: the euro has failed to become a global currency and it has not become a sovereign community in economic terms, he ...
Hungary Not At Risk, Says EBRD
- 21 Dec 2015 8:00 AM
- business
The European Bank for Reconstruction and Development has said that there is no risk in connection with Hungary as far as the bank is concerned, the daily Magyar Hírlap said. The bank has so far invested 2.7 billion euros in 170 projects in the country, Antal Nikoletti, member of the board representing Hungary at the London-based credit institution, noted. EBRD investments in Hungary are expected ...
Hungarian Forint Joins CLS Multi-Currency Cash Settlement System
- 17 Nov 2015 8:00 AM
- business
Hungary’s forint has become part of the CLS (Continuous Linked Settlement) system that settles payment instructions relating to underlying FX transactions, the company (CLS Group - CLS) said. The Hungarian unit is the first central and eastern European currency to be added to the CLS settlement system, and the 18th overall, they said. “CLS ... has started settling payment instructions in the ...
Hungary May Become Central-Europe’s Growth Hub
- 5 Oct 2015 11:00 AM
- business
Hungary has the capacity to become Central-Europe’s growth hub, Prime Minister Viktor Orbán said at the opening ceremony of the Bank of China’s RMB clearing centre in Hungary. Let us believe the Chinese (...), if they chose Budapest as their regional centre, there must plenty of steam, potential and future in this country (...). We are able to increase even our current economic performance, with ...
Inter-State Talks Regarding Belgrade-Budapest Railway Line Commenced
- 4 Sep 2015 9:18 AM
- getting around
Hungary has received the Chinese party’s financing offer relating to the Belgrade-Budapest railway line project, and negotiations on an inter-state agreement have also begun, Minister of Foreign Affairs and Trade Péter Szijjártó told the correspondent of the Hungarian News Agency MTI in Beijing, after his meeting with Chinese Foreign Minister Vang Yi late Wednesday evening, local time.
Opposition Parties In Hungary Criticise MNB
- 20 Jul 2015 9:00 AM
- current affairs
The opposition parties expect an explanation from the MNB which last week announced its purchase of the only Titian painting in Hunga-ry for Ft 4.5 billion. LMP said it is outrageous that the central bank has bought the painting Madonna and Child with St. Paul from profits gained by converting foreign-currency loans. The Democratic Coalition recalled that it had complained to the European ...
Telegraph: Budapest The Cheapest City For Alcoholic Drinks
- 4 Jun 2015 11:30 AM
- shopping
According to British newspaper The Telegraph, Budapest is the cheapest place in Europe for drinks, according to UK Post Office research. The analysts examined the prices of 10 different drinks (wine, beers, cocktails), in popular tourist destinations. According to the results, drinks cost half as much in Budapest as in places like Amsterdam or Ibiza. In the Hungarian capital you can buy a glass ...
OECD Sees Strong But Slowing Hungarian Economic Growth
- 4 Jun 2015 9:00 AM
- business
The OECD has upgraded its forecasts for Hungarian economic growth for this year to 3% from 2.1%, and to 2.2% from 1.7% for 2016. The Organisation for Economic Co-operation and Development said in its Economic Outlook that exports were expected to grow by 5.7% both this year and in 2016 and the current account surplus of 4.8% this year was likely to rise to 5.1%. Unemployment is expected to ...
Christian Democrat Scorns Soros’s Migrant Proposals
- 4 Jul 2016 9:00 AM
- current affairs
Recent pro-migration proposals made by “currency speculator” George Soros at a hearing in Brussels would be bad for Hungarians, a co-ruling Christian Democrat lawmaker said. If Soros’s ideas were put into practice, a massive flow of migrants into the European Union and Hungary would result, István Hollik said.
Hungarian Parliamentary Speaker Kövér: EU Weaker Than Ever
- 28 Dec 2015 3:00 AM
- current affairs
The European Union has become weaker than ever in economic, military and political terms, Parliamentary Speaker László Kövér told daily Magyar Hírlap. Whereas Europe at the turn of the millennium was close to becoming a strong and independent community, it has since “proved a fiasco”: the euro has failed to become a global currency and it has not become a sovereign community in economic terms, he ...
Hungary Not At Risk, Says EBRD
- 21 Dec 2015 8:00 AM
- business
The European Bank for Reconstruction and Development has said that there is no risk in connection with Hungary as far as the bank is concerned, the daily Magyar Hírlap said. The bank has so far invested 2.7 billion euros in 170 projects in the country, Antal Nikoletti, member of the board representing Hungary at the London-based credit institution, noted. EBRD investments in Hungary are expected ...
Hungarian Forint Joins CLS Multi-Currency Cash Settlement System
- 17 Nov 2015 8:00 AM
- business
Hungary’s forint has become part of the CLS (Continuous Linked Settlement) system that settles payment instructions relating to underlying FX transactions, the company (CLS Group - CLS) said. The Hungarian unit is the first central and eastern European currency to be added to the CLS settlement system, and the 18th overall, they said. “CLS ... has started settling payment instructions in the ...
Hungary May Become Central-Europe’s Growth Hub
- 5 Oct 2015 11:00 AM
- business
Hungary has the capacity to become Central-Europe’s growth hub, Prime Minister Viktor Orbán said at the opening ceremony of the Bank of China’s RMB clearing centre in Hungary. Let us believe the Chinese (...), if they chose Budapest as their regional centre, there must plenty of steam, potential and future in this country (...). We are able to increase even our current economic performance, with ...
Inter-State Talks Regarding Belgrade-Budapest Railway Line Commenced
- 4 Sep 2015 9:18 AM
- getting around
Hungary has received the Chinese party’s financing offer relating to the Belgrade-Budapest railway line project, and negotiations on an inter-state agreement have also begun, Minister of Foreign Affairs and Trade Péter Szijjártó told the correspondent of the Hungarian News Agency MTI in Beijing, after his meeting with Chinese Foreign Minister Vang Yi late Wednesday evening, local time.
Opposition Parties In Hungary Criticise MNB
- 20 Jul 2015 9:00 AM
- current affairs
The opposition parties expect an explanation from the MNB which last week announced its purchase of the only Titian painting in Hunga-ry for Ft 4.5 billion. LMP said it is outrageous that the central bank has bought the painting Madonna and Child with St. Paul from profits gained by converting foreign-currency loans. The Democratic Coalition recalled that it had complained to the European ...
Telegraph: Budapest The Cheapest City For Alcoholic Drinks
- 4 Jun 2015 11:30 AM
- shopping
According to British newspaper The Telegraph, Budapest is the cheapest place in Europe for drinks, according to UK Post Office research. The analysts examined the prices of 10 different drinks (wine, beers, cocktails), in popular tourist destinations. According to the results, drinks cost half as much in Budapest as in places like Amsterdam or Ibiza. In the Hungarian capital you can buy a glass ...
OECD Sees Strong But Slowing Hungarian Economic Growth
- 4 Jun 2015 9:00 AM
- business
The OECD has upgraded its forecasts for Hungarian economic growth for this year to 3% from 2.1%, and to 2.2% from 1.7% for 2016. The Organisation for Economic Co-operation and Development said in its Economic Outlook that exports were expected to grow by 5.7% both this year and in 2016 and the current account surplus of 4.8% this year was likely to rise to 5.1%. Unemployment is expected to ...