104 result(s) for finance minister in Business
Hungary's PM Attends Foundation Of New MOL Plant
- 16 Oct 2013 9:00 AM
- business
Prime Minister Viktor Orbán gave a speech at the foundation stone laying ceremony of MOL’s new, 30 billion forint butadiene extraction plant. Tisza Chemical Group (TVK), a member of the MOL Group, will build the 130 thousand ton capacity plant, which is one of the largest industrial investment projects in Northern Hungary, in Tiszaújváros. MOL CEO Zsolt Hernádi also participated at the event, ...
Controversy Between Croatia And Hungarian Oil Group MOL Drags On
- 3 Oct 2013 1:00 AM
- business
It has yet to be seen whether the Hungarian government is ready to drop MOL’s executive chairman in its ongoing standoff with Croatia. It is too early to say if we are witnessing Croatia's efforts to find its feet or is it hardcore payola.
Budget 2014: Inflation Projected At 2.4% And Budget Deficit At 2.9% In Hungary
- 23 Sep 2013 1:00 AM
- business
The Ministry for National Economy drafted next year’s budget with a deficit of 2.9 percent and an inflation rate of 2.4 percent, Minister Mihály Varga stated on Sunday. The Minister also disclosed that the Ministry calculated the 2014 Budget without revenues from the advertisement tax and the below 3 percent deficit target will be attainable even without that. “I anticipate only slight ...
Hungary’s Economy Makes Positive U-Turn
- 21 Aug 2013 9:00 AM
- business
As a result of the Government measures introduced over the past three years Hungary has begun a period of sustainable economic growth. With the early repayment of the IMF loan, Hungary has proven to be an economically independent country which can finance itself from the markets. This achievement is even more remarkable given the fact that during this process Hungary has succeeded in emerging ...
IMF Loan To Hungary Fully Repaid
- 12 Aug 2013 3:00 AM
- business
The Government has redeemed the remainder of outstanding debt owed to the International Monetary Fund in three foreign currencies, US dollars, Euros and British pounds, as required by the institution. The Government Debt Management Agency transferred USD 1.1bn, EUR 500 million and GBP 260 million for the early repayment. The amount of unutilised loan and proceeds from the USD-denominated ...
Xpat Opinion: Hungarian National Bank To Be Involved In FX Mortgage Conversion?
- 1 Aug 2013 7:00 AM
- business
A conservative pundit warns against a selective conversion of loans denominated in foreign currencies. He proposes that the National Bank should step in and offer part of its foreign currency reserves to convert all FX household loans into Forint credits.
Hungarian Gov Concluded Strategic Cooperation Agreement With Ericsson
- 11 Jul 2013 10:00 AM
- business
Minister for National Economy Mihály Varga and Ericsson's Head of Customer Unit Central Europe Thomas Jul signed a Strategic Cooperation Agreement on Wednesday in Budapest at Ericsson Hungary's Research and Development Centre.
Ecofin Lifts Excessive Deficit Procedure Against Hungary
- 24 Jun 2013 1:00 AM
- business
The Economic and Financial Affairs Council of the European Union (Ecofin) has approved the proposal of the European Commission to abrogate the excessive deficit procedure (EDP) against Hungary, Minister for National Economy Mihály Varga announced.
Xpat Opinion: More Signs Of A Recovering Economy In Hungary
- 20 Jun 2013 12:50 PM
- business
By Ferenc Kumin: Late last month, the European Commission announced that it would recommend that Hungary, after nine long years, exit the Excessive Deficit Procedure. The good news , as I wrote at the time, came on the heels of other encouraging reports of promising FDI and consumer skepticism data. Now, yet more hopeful signs that back Prime Minister Orbán’s cautious optimism about a slowly, but ...
Hungary's PM Attends Foundation Of New MOL Plant
- 16 Oct 2013 9:00 AM
- business
Prime Minister Viktor Orbán gave a speech at the foundation stone laying ceremony of MOL’s new, 30 billion forint butadiene extraction plant. Tisza Chemical Group (TVK), a member of the MOL Group, will build the 130 thousand ton capacity plant, which is one of the largest industrial investment projects in Northern Hungary, in Tiszaújváros. MOL CEO Zsolt Hernádi also participated at the event, ...
Controversy Between Croatia And Hungarian Oil Group MOL Drags On
- 3 Oct 2013 1:00 AM
- business
It has yet to be seen whether the Hungarian government is ready to drop MOL’s executive chairman in its ongoing standoff with Croatia. It is too early to say if we are witnessing Croatia's efforts to find its feet or is it hardcore payola.
Budget 2014: Inflation Projected At 2.4% And Budget Deficit At 2.9% In Hungary
- 23 Sep 2013 1:00 AM
- business
The Ministry for National Economy drafted next year’s budget with a deficit of 2.9 percent and an inflation rate of 2.4 percent, Minister Mihály Varga stated on Sunday. The Minister also disclosed that the Ministry calculated the 2014 Budget without revenues from the advertisement tax and the below 3 percent deficit target will be attainable even without that. “I anticipate only slight ...
Hungary’s Economy Makes Positive U-Turn
- 21 Aug 2013 9:00 AM
- business
As a result of the Government measures introduced over the past three years Hungary has begun a period of sustainable economic growth. With the early repayment of the IMF loan, Hungary has proven to be an economically independent country which can finance itself from the markets. This achievement is even more remarkable given the fact that during this process Hungary has succeeded in emerging ...
IMF Loan To Hungary Fully Repaid
- 12 Aug 2013 3:00 AM
- business
The Government has redeemed the remainder of outstanding debt owed to the International Monetary Fund in three foreign currencies, US dollars, Euros and British pounds, as required by the institution. The Government Debt Management Agency transferred USD 1.1bn, EUR 500 million and GBP 260 million for the early repayment. The amount of unutilised loan and proceeds from the USD-denominated ...
Xpat Opinion: Hungarian National Bank To Be Involved In FX Mortgage Conversion?
- 1 Aug 2013 7:00 AM
- business
A conservative pundit warns against a selective conversion of loans denominated in foreign currencies. He proposes that the National Bank should step in and offer part of its foreign currency reserves to convert all FX household loans into Forint credits.
Hungarian Gov Concluded Strategic Cooperation Agreement With Ericsson
- 11 Jul 2013 10:00 AM
- business
Minister for National Economy Mihály Varga and Ericsson's Head of Customer Unit Central Europe Thomas Jul signed a Strategic Cooperation Agreement on Wednesday in Budapest at Ericsson Hungary's Research and Development Centre.
Ecofin Lifts Excessive Deficit Procedure Against Hungary
- 24 Jun 2013 1:00 AM
- business
The Economic and Financial Affairs Council of the European Union (Ecofin) has approved the proposal of the European Commission to abrogate the excessive deficit procedure (EDP) against Hungary, Minister for National Economy Mihály Varga announced.
Xpat Opinion: More Signs Of A Recovering Economy In Hungary
- 20 Jun 2013 12:50 PM
- business
By Ferenc Kumin: Late last month, the European Commission announced that it would recommend that Hungary, after nine long years, exit the Excessive Deficit Procedure. The good news , as I wrote at the time, came on the heels of other encouraging reports of promising FDI and consumer skepticism data. Now, yet more hopeful signs that back Prime Minister Orbán’s cautious optimism about a slowly, but ...