2,357 result(s) for financial
Moody’s Downgrades Hungary’s Erste, FHB Banks
- 13 Aug 2014 3:00 AM
- business
Moody’s Investors Service downgraded the deposit ratings of Erste Bank Hungary and FHB Mortgage Bank both to B3 from B2 on Tuesday, the ratings agency announced. Moody’s maintained the negative outlook for both banks, citing “increased risk of losses” resulting from recently adopted borrowers’ relief legislation and “ongoing negative pressure on...financial fundamentals”.
Business Confidence In Hungary Continues To Improve, Chamber Survey Shows
- 11 Aug 2014 9:00 AM
- business
The quarterly gauge of business confidence by the Hungarian Chamber of Commerce and Industry’s (MKIK) Economy and Business Research Institute (GVI) rose to +18 points in July from +9 in April. The index last came close to the current level, reaching +16 points, in January 2011.
Some Foreign Press Likens Hungary’s PM Orbán To Erdogan, Mussolini
- 5 Aug 2014 9:00 AM
- current affairs
The international press this week responded en masse to the speech made by Hungarian Prime Minister Viktor Orbán (pictured left) near Baile Tusnad, Romania, on Saturday in which he said he would make Hungary an “illiberal democracy” and a “workfare state”.
Hungarian Hospitals Could Be Directly Financed By State
- 4 Aug 2014 9:00 AM
- health & wellness
The state should directly finance Hungary’s hospitals to balance their budget, the state secretary for health said on Friday. Visiting a new hospital under construction in Tatabánya, Gábor Zombor said that the state’s taking over financial control would guarantee the smooth operation of hospitals.
Hungary’s Best-Selling Weekly HVG Faces Uncertain Future
- 4 Aug 2014 9:00 AM
- current affairs
The publisher of the weekly Hungarian news magazine hvg (short for Weekly World Economy) has denied reports appearing in pro-government Heti Valasz yesterday that its German owner WAZ was pulling out and its entire staff would be sacked. Hvg Zrt., which owns both the print and on-line editions of what is arguably Hungary’s most important independent news publication, promised a detailed statement ...
Xpat Interview: Rev. Dr. Frank Hegedus, Saint Margaret's Anglican Episcopal Church
- 31 Jul 2014 12:00 PM
Saint Margaret’s Anglican Episcopal Church was founded in Hungary in 1992 by the Rev. Canon Denis Moss, a New Zealander with British roots married to a Hungarian. Canon Dennis retired in 2011, and the church has been under the leadership of Father Frank since then.
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.
Hungarian Government To Buy MKB Bank
- 25 Jul 2014 9:00 AM
- business
MKB owner BayernLB has agreed to sell the Hungarian bank to the government for €55 million, it was announced yesterday in Munich and Budapest. As part of the deal, BayernLB will cancel the €270 million debt owed to it by MKB.
Experimental Face-Recognition Surveillance System In Budapest’s 8th District
- 24 Jul 2014 11:35 AM
- current affairs
According to napi.hu, 8th district Fidesz mayor Máté Kocsis has approved a financial plan to install a new experimental face-recognition surveillance system on the streets of Józsefváros. The cameras would be installed by the Special Service for National Security. The approval of the parliamentary committee is needed to fund the project. A final decision on the installation will be made by the ...
Moody’s Downgrades Hungary’s Erste, FHB Banks
- 13 Aug 2014 3:00 AM
- business
Moody’s Investors Service downgraded the deposit ratings of Erste Bank Hungary and FHB Mortgage Bank both to B3 from B2 on Tuesday, the ratings agency announced. Moody’s maintained the negative outlook for both banks, citing “increased risk of losses” resulting from recently adopted borrowers’ relief legislation and “ongoing negative pressure on...financial fundamentals”.
Business Confidence In Hungary Continues To Improve, Chamber Survey Shows
- 11 Aug 2014 9:00 AM
- business
The quarterly gauge of business confidence by the Hungarian Chamber of Commerce and Industry’s (MKIK) Economy and Business Research Institute (GVI) rose to +18 points in July from +9 in April. The index last came close to the current level, reaching +16 points, in January 2011.
Some Foreign Press Likens Hungary’s PM Orbán To Erdogan, Mussolini
- 5 Aug 2014 9:00 AM
- current affairs
The international press this week responded en masse to the speech made by Hungarian Prime Minister Viktor Orbán (pictured left) near Baile Tusnad, Romania, on Saturday in which he said he would make Hungary an “illiberal democracy” and a “workfare state”.
Hungarian Hospitals Could Be Directly Financed By State
- 4 Aug 2014 9:00 AM
- health & wellness
The state should directly finance Hungary’s hospitals to balance their budget, the state secretary for health said on Friday. Visiting a new hospital under construction in Tatabánya, Gábor Zombor said that the state’s taking over financial control would guarantee the smooth operation of hospitals.
Hungary’s Best-Selling Weekly HVG Faces Uncertain Future
- 4 Aug 2014 9:00 AM
- current affairs
The publisher of the weekly Hungarian news magazine hvg (short for Weekly World Economy) has denied reports appearing in pro-government Heti Valasz yesterday that its German owner WAZ was pulling out and its entire staff would be sacked. Hvg Zrt., which owns both the print and on-line editions of what is arguably Hungary’s most important independent news publication, promised a detailed statement ...
Xpat Interview: Rev. Dr. Frank Hegedus, Saint Margaret's Anglican Episcopal Church
- 31 Jul 2014 12:00 PM
Saint Margaret’s Anglican Episcopal Church was founded in Hungary in 1992 by the Rev. Canon Denis Moss, a New Zealander with British roots married to a Hungarian. Canon Dennis retired in 2011, and the church has been under the leadership of Father Frank since then.
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.
Hungarian Government To Buy MKB Bank
- 25 Jul 2014 9:00 AM
- business
MKB owner BayernLB has agreed to sell the Hungarian bank to the government for €55 million, it was announced yesterday in Munich and Budapest. As part of the deal, BayernLB will cancel the €270 million debt owed to it by MKB.
Experimental Face-Recognition Surveillance System In Budapest’s 8th District
- 24 Jul 2014 11:35 AM
- current affairs
According to napi.hu, 8th district Fidesz mayor Máté Kocsis has approved a financial plan to install a new experimental face-recognition surveillance system on the streets of Józsefváros. The cameras would be installed by the Special Service for National Security. The approval of the parliamentary committee is needed to fund the project. A final decision on the installation will be made by the ...