155 result(s) for european currency
Hungary Repaid EUR 2bn To European Union
- 10 Nov 2014 8:00 AM
- business
An instalment of EUR 2bn, agreed upon in the loan agreement Hungary concluded with the European Commission in the autumn of 2008, was transferred at the end of October 2014 to the account of the European Union. Due to technical accounting issues, Hungary’s state debt is lower as of today.
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 Supreme Court Rejects K&H Bank’s Suspension Request
- 27 Aug 2014 5:00 AM
- business
K&H Bank moved to suspend the court case in which it is defending unilateral changes it made to foreign currency borrowers’ contracts, but the court turned down its request. The bank had asked the Budapest Municipal Court to appeal to the Constitutional Court and the European Court of Justice over the case.
Parties Comment On Hungary Debt Ratio Rise
- 19 Aug 2014 10:00 AM
- current affairs
Hungary’s public debt, calculated at nominal value, in line with Maastricht methodology, reached 25,432 billion forints (EUR 81.2bn), or 85.1% of GDP, at the end of June, preliminary data on financial accounts published by the National Bank of Hungary (NBH) on Monday show. Transactions raised the debt by 434 billion forints during the period. The weaker forint boosted it by 65 billion forints. ...
Hungary’s Forint Hits Annual Low Past 315 To Euro
- 7 Aug 2014 12:30 PM
- business
The forint weakened to a record level against the euro for the first time this year on Tuesday afternoon. The Hungarian currency traded at 315.65 against the common European currency, compared with 315.58 on March 14. It started the day trading at 313.46 against the euro.
Hostile Reaction By Hungary’s Ruling Party Fidesz To ECB
- 7 Aug 2014 9:00 AM
- current affairs
The opinion expressed by the European Central Bank (ECB) on Tuesday on Hungary’s new law on foreign currency loans is another way of exerting pressure on Hungary, ultimately coming from foreign-owned banks, Fidesz said in a statement issued Wednesday evening.
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.
Hungary’s Forint Conversion Of FX Loans Expected In 2015
- 21 Jul 2014 5:00 AM
- property
The conversion of foreign currencydenominated loans into forints is expected to take place in 2015, Economy Minister Mihály Varga said in an interview published on the website of weekly HVG. Legislation on the conversion is expected to be submitted to parliament at the end of November or early December, and the relevant laws should be passed before the end of the year, Varga told hvg.hu.
Hungary’s Finance Minister Varga: Bank Tax May Be Redesigned
- 8 Jul 2014 9:00 AM
- business
The government is mulling a rethink of Hungary’s sectoral tax on banks, Mihály Varga, the economy minister, told public broadcaster Kossuth Rádió. “I don’t exclude the possibility of revising or rethinking the banking tax, since banks are going to be assuming a heavy burden to compensate clients, but now is not the time for this.”
Hungary Repaid EUR 2bn To European Union
- 10 Nov 2014 8:00 AM
- business
An instalment of EUR 2bn, agreed upon in the loan agreement Hungary concluded with the European Commission in the autumn of 2008, was transferred at the end of October 2014 to the account of the European Union. Due to technical accounting issues, Hungary’s state debt is lower as of today.
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 Supreme Court Rejects K&H Bank’s Suspension Request
- 27 Aug 2014 5:00 AM
- business
K&H Bank moved to suspend the court case in which it is defending unilateral changes it made to foreign currency borrowers’ contracts, but the court turned down its request. The bank had asked the Budapest Municipal Court to appeal to the Constitutional Court and the European Court of Justice over the case.
Parties Comment On Hungary Debt Ratio Rise
- 19 Aug 2014 10:00 AM
- current affairs
Hungary’s public debt, calculated at nominal value, in line with Maastricht methodology, reached 25,432 billion forints (EUR 81.2bn), or 85.1% of GDP, at the end of June, preliminary data on financial accounts published by the National Bank of Hungary (NBH) on Monday show. Transactions raised the debt by 434 billion forints during the period. The weaker forint boosted it by 65 billion forints. ...
Hungary’s Forint Hits Annual Low Past 315 To Euro
- 7 Aug 2014 12:30 PM
- business
The forint weakened to a record level against the euro for the first time this year on Tuesday afternoon. The Hungarian currency traded at 315.65 against the common European currency, compared with 315.58 on March 14. It started the day trading at 313.46 against the euro.
Hostile Reaction By Hungary’s Ruling Party Fidesz To ECB
- 7 Aug 2014 9:00 AM
- current affairs
The opinion expressed by the European Central Bank (ECB) on Tuesday on Hungary’s new law on foreign currency loans is another way of exerting pressure on Hungary, ultimately coming from foreign-owned banks, Fidesz said in a statement issued Wednesday evening.
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.
Hungary’s Forint Conversion Of FX Loans Expected In 2015
- 21 Jul 2014 5:00 AM
- property
The conversion of foreign currencydenominated loans into forints is expected to take place in 2015, Economy Minister Mihály Varga said in an interview published on the website of weekly HVG. Legislation on the conversion is expected to be submitted to parliament at the end of November or early December, and the relevant laws should be passed before the end of the year, Varga told hvg.hu.
Hungary’s Finance Minister Varga: Bank Tax May Be Redesigned
- 8 Jul 2014 9:00 AM
- business
The government is mulling a rethink of Hungary’s sectoral tax on banks, Mihály Varga, the economy minister, told public broadcaster Kossuth Rádió. “I don’t exclude the possibility of revising or rethinking the banking tax, since banks are going to be assuming a heavy burden to compensate clients, but now is not the time for this.”