87 result(s) for exchange rate in Business
Bank Tax In Hungary To Remain In Place Next Year
- 1 Oct 2014 9:00 AM
- business
Conversion from forex debt into forint loans, planned for the first quarter or first half of next year, will concern only residential and free-purpose forex household mortgage loans, while the special bank tax will remain intact next year, Gábor Orbán, state secretary at the economy ministry, told participants of a Reuters conference on CEE investments in Budapest.
Economist Péter Róna On Hungary’s Post Election Austerity Plans
- 26 Sep 2014 5:00 AM
- business
“They need the austerity so that there is something to steal. This is the basic mechanism.” – Péter Róna, Oxford professor of economics and policy advisor to opposition party Politics Can Be Different (LMP)
Hungarian Parliament Passes Debt Relief Act
- 26 Sep 2014 1:00 AM
- business
Parliament passed the Debt Relief Act yesterday requiring banks to return millions of forints to forex- and forint-loan debtors for losses arising from unilateral contract modifications and currency margin disparities.
Hungarian Bill Bans Banks From Raising Fees
- 15 Sep 2014 9:00 AM
- business
Fidesz has submitted a bill to Parliament that will ban banks from unilaterally raising interest rates, costs or fees, caucus leader Antal Rogán told reporters on Friday after the party MPs held their season-opening meeting in Tapolca.
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.
Hungarian State Wins First FX Loan Trial
- 25 Aug 2014 9:00 AM
- business
The Capital Court has ruled in favour of the state against savings co-operative Kéthely és Vidéke in the first court decision since Parliament passed a law to help foreign-currency borrowers in July.
Former MNB Vice-Governor: Hungary Needs A Miracle
- 25 Aug 2014 9:00 AM
- business
Hungary’s national debt of 85.1% of GDP is so high that it will take a miracle for the government to avoid breaking its own constitutional stipulation that it set out in the Basic Law, former National Bank of Hungary (MNB) vice-governor Zoltán Bodnár said this week.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
Hungarian Banks File First Reports Challenging Unfairness Of Unilateral Loan Amendment
- 18 Aug 2014 9:00 AM
- business
The Budapest Capital Regional Court has received the first files for legal remedy from banks about the unfairness of unilateral amendment of forex loan contracts, the court’s press department said on Friday.
Bank Tax In Hungary To Remain In Place Next Year
- 1 Oct 2014 9:00 AM
- business
Conversion from forex debt into forint loans, planned for the first quarter or first half of next year, will concern only residential and free-purpose forex household mortgage loans, while the special bank tax will remain intact next year, Gábor Orbán, state secretary at the economy ministry, told participants of a Reuters conference on CEE investments in Budapest.
Economist Péter Róna On Hungary’s Post Election Austerity Plans
- 26 Sep 2014 5:00 AM
- business
“They need the austerity so that there is something to steal. This is the basic mechanism.” – Péter Róna, Oxford professor of economics and policy advisor to opposition party Politics Can Be Different (LMP)
Hungarian Parliament Passes Debt Relief Act
- 26 Sep 2014 1:00 AM
- business
Parliament passed the Debt Relief Act yesterday requiring banks to return millions of forints to forex- and forint-loan debtors for losses arising from unilateral contract modifications and currency margin disparities.
Hungarian Bill Bans Banks From Raising Fees
- 15 Sep 2014 9:00 AM
- business
Fidesz has submitted a bill to Parliament that will ban banks from unilaterally raising interest rates, costs or fees, caucus leader Antal Rogán told reporters on Friday after the party MPs held their season-opening meeting in Tapolca.
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.
Hungarian State Wins First FX Loan Trial
- 25 Aug 2014 9:00 AM
- business
The Capital Court has ruled in favour of the state against savings co-operative Kéthely és Vidéke in the first court decision since Parliament passed a law to help foreign-currency borrowers in July.
Former MNB Vice-Governor: Hungary Needs A Miracle
- 25 Aug 2014 9:00 AM
- business
Hungary’s national debt of 85.1% of GDP is so high that it will take a miracle for the government to avoid breaking its own constitutional stipulation that it set out in the Basic Law, former National Bank of Hungary (MNB) vice-governor Zoltán Bodnár said this week.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
Hungarian Banks File First Reports Challenging Unfairness Of Unilateral Loan Amendment
- 18 Aug 2014 9:00 AM
- business
The Budapest Capital Regional Court has received the first files for legal remedy from banks about the unfairness of unilateral amendment of forex loan contracts, the court’s press department said on Friday.