263 result(s) for european investment bank
MNBʼs Foundations Said To Invest In Real Estate
- 17 Jun 2016 8:00 AM
- property
The National Bank of Hungary’s (MNB) controversial Pallas Athéné foundations (PADA) moved some of their endowment from government securities and bank deposits into real estate, according to the head of the investment company that manages the assets of the foundations, Hungarian news agency MTI reported.
EIB Group Opens Budapest Office
- 14 Jun 2016 9:00 AM
- business
The Investment Bank (EIB) officially opened its Budapest office at a ceremony held at the Hungarian Academy of Sciences. Few countries would make better partners for the EIB than Hungary, Prime Minister Viktor Orbán said in his address. At the event, Hungary signed a 30 billion forint (EUR 96m) refinancing agreement with the EIB for the construction of gymnasiums, swimming pools, sports courts ...
Hungary Investment Volume Down 9.6% In Q1
- 31 May 2016 9:00 AM
- business
Investment volume in Hungary fell by an annual 9.6% in the first quarter of 2016, the Central Statistical Office said. Investment volume fell after growing by 7% in the fourth quarter of 2015. Investment contraction was mainly due to the winding up of developments financed from European Union resources, which affected investments by central budget organisations to a larger extent. In areas less ...
Bloomberg Reports On Spending By MNB Foundations
- 26 May 2016 6:35 AM
- current affairs
The “web of patronage” revealed when spending by central bank foundations was made public in April has shocked Hungarians, according to an extensive report published by Bloomberg at noon today. “Even seasoned trackers of corruption in the former Soviet Bloc say they’re startled by the audacity the documents reveal,” the report says.
2017 FINA World Championships To Cost HUF 90 Billion
- 24 May 2016 9:00 AM
- sport
According to Hungarian investigative journalism portal Átlátszó.hu, the 2017 FINA World Championships to be hosted in Budapest in 2017 will cost Hungarian taxpayers at least HUF 90 billion (USD 323 million), of which HUF 52 billion (USD 192 million) is to be spent this year alone.
Budapest Local Govt Plans To Renovate Chain Bridge
- 20 May 2016 9:00 AM
- getting around
Budapest mayor István Tarlós has announced plans to renovate the city’s iconic Chain Bridge and remodel Blaha Lujza Square in central Budapest. Speaking at an AmCham event, Tarlós said the Buda Castle tunnel was also a contender for renovation and plans are to revamp the Cog-Wheel railway, extending it to Széll Kálmán Square in one direction and all the way to Normafa Hill in the other.
Matolcsy: Criticism On Central Bank Foundations Political Bluff
- 9 May 2016 9:00 AM
- current affairs
Criticism of the central bank and its foundations is “political bluff”, the bank’s governor György Matolcsy said in an interview published in Friday’s daily Magyar Nemzet. Matolcsy said he highly valued the trust placed in him by Prime Minister Viktor Orbán and he was sure that they would continue to work together.
2017 Budget Bill Targets Deficit Of HUF 1,166.4 BN
- 28 Apr 2016 9:00 AM
- business
Hungary’s budget is expected to run a cash-flow-based deficit of 1,166.4 billion forints (EUR 3.7bn) next year, well above the 761.6 billion gap targeted for 2016. The 2017 budget bill targets revenue of 17,374.9 billion forints and expenditures of 18,541.3 billion.
Hungaroring Celebrates Its 30th Birthday
- 19 Apr 2016 9:00 AM
- sport
The fact that the Formula 1 race was being organised for the fourth time already in 1989, the year of the political turn, clearly tells what a remarkable pole-position Hungary used to hold among the countries of the former Eastern bloc. The Hungaroring is celebrating its 30th birthday this year and it’s as popular as always, with excellent prospects.
MNBʼs Foundations Said To Invest In Real Estate
- 17 Jun 2016 8:00 AM
- property
The National Bank of Hungary’s (MNB) controversial Pallas Athéné foundations (PADA) moved some of their endowment from government securities and bank deposits into real estate, according to the head of the investment company that manages the assets of the foundations, Hungarian news agency MTI reported.
EIB Group Opens Budapest Office
- 14 Jun 2016 9:00 AM
- business
The Investment Bank (EIB) officially opened its Budapest office at a ceremony held at the Hungarian Academy of Sciences. Few countries would make better partners for the EIB than Hungary, Prime Minister Viktor Orbán said in his address. At the event, Hungary signed a 30 billion forint (EUR 96m) refinancing agreement with the EIB for the construction of gymnasiums, swimming pools, sports courts ...
Hungary Investment Volume Down 9.6% In Q1
- 31 May 2016 9:00 AM
- business
Investment volume in Hungary fell by an annual 9.6% in the first quarter of 2016, the Central Statistical Office said. Investment volume fell after growing by 7% in the fourth quarter of 2015. Investment contraction was mainly due to the winding up of developments financed from European Union resources, which affected investments by central budget organisations to a larger extent. In areas less ...
Bloomberg Reports On Spending By MNB Foundations
- 26 May 2016 6:35 AM
- current affairs
The “web of patronage” revealed when spending by central bank foundations was made public in April has shocked Hungarians, according to an extensive report published by Bloomberg at noon today. “Even seasoned trackers of corruption in the former Soviet Bloc say they’re startled by the audacity the documents reveal,” the report says.
2017 FINA World Championships To Cost HUF 90 Billion
- 24 May 2016 9:00 AM
- sport
According to Hungarian investigative journalism portal Átlátszó.hu, the 2017 FINA World Championships to be hosted in Budapest in 2017 will cost Hungarian taxpayers at least HUF 90 billion (USD 323 million), of which HUF 52 billion (USD 192 million) is to be spent this year alone.
Budapest Local Govt Plans To Renovate Chain Bridge
- 20 May 2016 9:00 AM
- getting around
Budapest mayor István Tarlós has announced plans to renovate the city’s iconic Chain Bridge and remodel Blaha Lujza Square in central Budapest. Speaking at an AmCham event, Tarlós said the Buda Castle tunnel was also a contender for renovation and plans are to revamp the Cog-Wheel railway, extending it to Széll Kálmán Square in one direction and all the way to Normafa Hill in the other.
Matolcsy: Criticism On Central Bank Foundations Political Bluff
- 9 May 2016 9:00 AM
- current affairs
Criticism of the central bank and its foundations is “political bluff”, the bank’s governor György Matolcsy said in an interview published in Friday’s daily Magyar Nemzet. Matolcsy said he highly valued the trust placed in him by Prime Minister Viktor Orbán and he was sure that they would continue to work together.
2017 Budget Bill Targets Deficit Of HUF 1,166.4 BN
- 28 Apr 2016 9:00 AM
- business
Hungary’s budget is expected to run a cash-flow-based deficit of 1,166.4 billion forints (EUR 3.7bn) next year, well above the 761.6 billion gap targeted for 2016. The 2017 budget bill targets revenue of 17,374.9 billion forints and expenditures of 18,541.3 billion.
Hungaroring Celebrates Its 30th Birthday
- 19 Apr 2016 9:00 AM
- sport
The fact that the Formula 1 race was being organised for the fourth time already in 1989, the year of the political turn, clearly tells what a remarkable pole-position Hungary used to hold among the countries of the former Eastern bloc. The Hungaroring is celebrating its 30th birthday this year and it’s as popular as always, with excellent prospects.