455 result(s) for falling
Construction Sector Output Continues To Fall In May
- 18 Jul 2016 9:00 AM
- property
Hungary’s construction sector output decreased by an annual 26.6% in May, falling sharply for the fifth month in a row, data released by the Central Statistical Office (KSH) on Friday showed. The pace of the output decline slowed somewhat from 29.8% in April and 33.9% in March, but the construction sector is still going through its toughest period since 2012.
Research Institute Lowers GDP Growth Projections For 2016, 2017
- 13 Jul 2016 9:00 AM
- business
Research institute Kopint-Tárki on Tuesday said it lowered its GDP growth projections for Hungary for this year and next to 2.2 percent and 2.7 percent, respectively, because of the slower-than-expected recovery and downside risk posed by the UK’s decision to leave the EU. Earlier, Kopint-Tárki had projected GDP growth of 2.4 percent for 2016 and 2.9 percent for 2017.
Gyurcsány: Orbán Must Rethink Approach To EU In Wake Of Brexit
- 27 Jun 2016 9:00 AM
- current affairs
Prime Minister Viktor Orbán has to rethink his approach to the European Union in light of Britain’s decision to quit the bloc, Ferenc Gyurcsány, leader of the leftist opposition Democratic Coalition, said. Orbán should consider if it is really worth weakening the already frail European unity by pursuing anti-refugee policies “for the sake of an extra few hundred thousand votes”, Gyurcsány said at ...
FHB Share Price Collapses
- 9 Jun 2016 9:00 AM
- business
Shares in FHB Jelzálogbank plunged on Wednesday, falling by the daily 15% maximum in the first hour of trading after both Parliament and the central bank took action against the lender.
Govt Plans Major Easing In 2017 Budget Bill
- 7 Jun 2016 9:00 AM
- business
The 2.4% ESA deficit targeted by the government in the 2017 budget bill amounts to a considerable easing compared with the falling deficit trend set in Hungary’s 2015 convergence plan or expected in the NBH’s March Inflation Report, the National Bank of Hungary (NBH) said in its Budget Report.
Class FM Gets New Owners In Media Market Shakeup
- 24 May 2016 10:00 AM
- entertainment
Sláger Rádio Zrt. announced in a press conference this afternoon that they have purchased ownership of Class FM, one of the country’s largest radio stations, by buying the station’s owner, Advenio Zrt. The move apparently takes the station out of the hands of ownership that has become less government friendly.
Finance Minister Varga: Fitch Upgrade Evidence Of Reforms
- 23 May 2016 9:00 AM
- business
An upgrade of Hungary back to investment grade by ratings agency Fitch on Friday is a result of economic reforms the government started in 2010, Economy Minister Mihály Varga said at a press conference on Saturday. The upgrade is evidence that the Hungarian economic restructuring has been a success, that the Hungarian reforms are working, Varga said.
Growth ‘Sustainable For Now’
- 17 May 2016 9:00 AM
- business
Hungary can for the time being maintain slow economic growth of a middling rate in comparison with the region thanks to European Union subsidies and improvement in terms of trade, György Surányi told the daily Népszabadság. The former central bank governor said the current rate of growth however would lead to the country falling behind in the longer run.
Magyar Telekom Q1 Profit Jumps On One-Offs, Improved Margin
- 5 May 2016 9:00 AM
- tech
Magyar Telekomʼs first-quarter net income more than quadrupled to HUF 10.7 billion from HUF 2.5 bln in the base period on an improved margin and one-off gains, an earnings report published late yesterday shows, according to Hungarian news agency MTI.
Construction Sector Output Continues To Fall In May
- 18 Jul 2016 9:00 AM
- property
Hungary’s construction sector output decreased by an annual 26.6% in May, falling sharply for the fifth month in a row, data released by the Central Statistical Office (KSH) on Friday showed. The pace of the output decline slowed somewhat from 29.8% in April and 33.9% in March, but the construction sector is still going through its toughest period since 2012.
Research Institute Lowers GDP Growth Projections For 2016, 2017
- 13 Jul 2016 9:00 AM
- business
Research institute Kopint-Tárki on Tuesday said it lowered its GDP growth projections for Hungary for this year and next to 2.2 percent and 2.7 percent, respectively, because of the slower-than-expected recovery and downside risk posed by the UK’s decision to leave the EU. Earlier, Kopint-Tárki had projected GDP growth of 2.4 percent for 2016 and 2.9 percent for 2017.
Gyurcsány: Orbán Must Rethink Approach To EU In Wake Of Brexit
- 27 Jun 2016 9:00 AM
- current affairs
Prime Minister Viktor Orbán has to rethink his approach to the European Union in light of Britain’s decision to quit the bloc, Ferenc Gyurcsány, leader of the leftist opposition Democratic Coalition, said. Orbán should consider if it is really worth weakening the already frail European unity by pursuing anti-refugee policies “for the sake of an extra few hundred thousand votes”, Gyurcsány said at ...
FHB Share Price Collapses
- 9 Jun 2016 9:00 AM
- business
Shares in FHB Jelzálogbank plunged on Wednesday, falling by the daily 15% maximum in the first hour of trading after both Parliament and the central bank took action against the lender.
Govt Plans Major Easing In 2017 Budget Bill
- 7 Jun 2016 9:00 AM
- business
The 2.4% ESA deficit targeted by the government in the 2017 budget bill amounts to a considerable easing compared with the falling deficit trend set in Hungary’s 2015 convergence plan or expected in the NBH’s March Inflation Report, the National Bank of Hungary (NBH) said in its Budget Report.
Class FM Gets New Owners In Media Market Shakeup
- 24 May 2016 10:00 AM
- entertainment
Sláger Rádio Zrt. announced in a press conference this afternoon that they have purchased ownership of Class FM, one of the country’s largest radio stations, by buying the station’s owner, Advenio Zrt. The move apparently takes the station out of the hands of ownership that has become less government friendly.
Finance Minister Varga: Fitch Upgrade Evidence Of Reforms
- 23 May 2016 9:00 AM
- business
An upgrade of Hungary back to investment grade by ratings agency Fitch on Friday is a result of economic reforms the government started in 2010, Economy Minister Mihály Varga said at a press conference on Saturday. The upgrade is evidence that the Hungarian economic restructuring has been a success, that the Hungarian reforms are working, Varga said.
Growth ‘Sustainable For Now’
- 17 May 2016 9:00 AM
- business
Hungary can for the time being maintain slow economic growth of a middling rate in comparison with the region thanks to European Union subsidies and improvement in terms of trade, György Surányi told the daily Népszabadság. The former central bank governor said the current rate of growth however would lead to the country falling behind in the longer run.
Magyar Telekom Q1 Profit Jumps On One-Offs, Improved Margin
- 5 May 2016 9:00 AM
- tech
Magyar Telekomʼs first-quarter net income more than quadrupled to HUF 10.7 billion from HUF 2.5 bln in the base period on an improved margin and one-off gains, an earnings report published late yesterday shows, according to Hungarian news agency MTI.