2,357 result(s) for financial
Hungary's Oldest Meat Processor Awaits Lifeline From State
- 30 Jul 2012 9:00 AM
- current affairs
Troubled meat processor Gyulai Húskombinát needs a Ft 1 billion capital injection to keep its operations stable at home and abroad, Magyar Hírlap was informed. Talks with the government and the town of Gyula on a possible financial lifeline are ongoing, but it is too early to speak about details, said CEO János Ruck.
Xpat Opinion: Statement By The IMF Mission To Hungary
- 26 Jul 2012 1:00 AM
- current affairs
An International Monetary Fund (IMF) mission visited Budapest during July 17-25 to start discussions on an IMF/EU-supported program following a request by the Hungarian authorities. The IMF mission worked in close cooperation with a mission from the European Commission and observers from the European Central Bank. At the conclusion of the visit, Thanos Arvanitis, IMF mission chief for Hungary, ...
Hungary's Former PM Gyurcsány Cleared Of Casino Real Estate Corruption Charges
- 23 Jul 2012 9:00 AM
- current affairs
By BudaPost: Commentators agree that in a dictatorship the charges levelled against former PM Ferenc Gyurcsány would not have been dropped. With just one exception: his long-term aide believes the real reason is PM Orbán’s weakening position.
Xpat Opinion: Viktor Orbán On Higher Education: An Outrage
- 23 Jul 2012 1:00 AM
- current affairs
About a week ago Viktor Orbán announced that he will be taking a two-week holiday because his “batteries were exhausted.” He will spend time with his family in Felcsút and perhaps at Lake Balaton. I’m sure that a lot of people received this announcement with a certain amount of relief because lately the Hungarian prime minister has been delivering speeches that made not the slightest sense. ...
Xpat Report: A Moment To Shine
- 20 Jul 2012 9:02 AM
- community & culture
A great football coach once put it this way: your finest hour is the moment when you’ve worked your heart out for a good cause and lie exhausted and victorious. Last week Seedling Trust’s Andrea Snow enjoyed her finest hour as an Olympic Torchbearer in Weymouth, England. It was her work establishing and building Seedling Trust that got Andrea the honour of bearing the torch – she was one of seven ...
Xpat Opinion: Hungarian-IMF/EU Negotiations: News Blackout? Not Really
- 20 Jul 2012 1:00 AM
- current affairs
On Monday, July 17, Thanos Arvanitis, head of the IMF delegation, and Barbara Kauffman, head of the EU Commission’s delegation, accompanied by Iryna Ivashchenko, the IMF’s Budapest representative, paid a visit to Mihály Varga, the minister without portfolio in charge of the long-awaited negotiations for a stand-by loan for the financially hard-pressed Hungary.
Károly Gerendai Purchases Sziget From Est In Hungary
- 19 Jul 2012 12:35 PM
- entertainment
After Est Media failed to find a financial investor, the majority shareholders of Sziget led by founder and CEO Károly Gerendai will purchase 49% of Est Media’s 51% stake in the festival organising company. The purchase price is Ft 675 million, exactly the sum that Est Media owes to creditors UniCredit bank and Wallis. The stake in Sziget was the collateral offered on these loans.
Cultural Center Ruling Deeply Divisive In Hungary
- 17 Jul 2012 9:00 AM
- community & culture
In a binding ruling, the Capital Court of Appeals said that project manager Porto Investment and main developer WHB consortium must hand over the CET cultural complex in the Ninth District, which has been sitting idle for two years due to financial disputes between the local government, WHB consortium and Porto Investment.
Inflation Jumps To 5.6% In Hungary, Beats Forecasts
- 17 Jul 2012 9:00 AM
- business
Inflation stood at 5.6% in June, above analysts’ forecasts, after rising 5.3% year-on-year in May, the Central Statistics Office announced last week. Core inflation, stripping out the impacts of energy and food prices, was 4.9%. The spike in consumer prices was due to higher taxes, including VAT and excise taxes, analysts said. Excluding these effects, inflation rose 3.4% year-on-year in June.
Hungary's Oldest Meat Processor Awaits Lifeline From State
- 30 Jul 2012 9:00 AM
- current affairs
Troubled meat processor Gyulai Húskombinát needs a Ft 1 billion capital injection to keep its operations stable at home and abroad, Magyar Hírlap was informed. Talks with the government and the town of Gyula on a possible financial lifeline are ongoing, but it is too early to speak about details, said CEO János Ruck.
Xpat Opinion: Statement By The IMF Mission To Hungary
- 26 Jul 2012 1:00 AM
- current affairs
An International Monetary Fund (IMF) mission visited Budapest during July 17-25 to start discussions on an IMF/EU-supported program following a request by the Hungarian authorities. The IMF mission worked in close cooperation with a mission from the European Commission and observers from the European Central Bank. At the conclusion of the visit, Thanos Arvanitis, IMF mission chief for Hungary, ...
Hungary's Former PM Gyurcsány Cleared Of Casino Real Estate Corruption Charges
- 23 Jul 2012 9:00 AM
- current affairs
By BudaPost: Commentators agree that in a dictatorship the charges levelled against former PM Ferenc Gyurcsány would not have been dropped. With just one exception: his long-term aide believes the real reason is PM Orbán’s weakening position.
Xpat Opinion: Viktor Orbán On Higher Education: An Outrage
- 23 Jul 2012 1:00 AM
- current affairs
About a week ago Viktor Orbán announced that he will be taking a two-week holiday because his “batteries were exhausted.” He will spend time with his family in Felcsút and perhaps at Lake Balaton. I’m sure that a lot of people received this announcement with a certain amount of relief because lately the Hungarian prime minister has been delivering speeches that made not the slightest sense. ...
Xpat Report: A Moment To Shine
- 20 Jul 2012 9:02 AM
- community & culture
A great football coach once put it this way: your finest hour is the moment when you’ve worked your heart out for a good cause and lie exhausted and victorious. Last week Seedling Trust’s Andrea Snow enjoyed her finest hour as an Olympic Torchbearer in Weymouth, England. It was her work establishing and building Seedling Trust that got Andrea the honour of bearing the torch – she was one of seven ...
Xpat Opinion: Hungarian-IMF/EU Negotiations: News Blackout? Not Really
- 20 Jul 2012 1:00 AM
- current affairs
On Monday, July 17, Thanos Arvanitis, head of the IMF delegation, and Barbara Kauffman, head of the EU Commission’s delegation, accompanied by Iryna Ivashchenko, the IMF’s Budapest representative, paid a visit to Mihály Varga, the minister without portfolio in charge of the long-awaited negotiations for a stand-by loan for the financially hard-pressed Hungary.
Károly Gerendai Purchases Sziget From Est In Hungary
- 19 Jul 2012 12:35 PM
- entertainment
After Est Media failed to find a financial investor, the majority shareholders of Sziget led by founder and CEO Károly Gerendai will purchase 49% of Est Media’s 51% stake in the festival organising company. The purchase price is Ft 675 million, exactly the sum that Est Media owes to creditors UniCredit bank and Wallis. The stake in Sziget was the collateral offered on these loans.
Cultural Center Ruling Deeply Divisive In Hungary
- 17 Jul 2012 9:00 AM
- community & culture
In a binding ruling, the Capital Court of Appeals said that project manager Porto Investment and main developer WHB consortium must hand over the CET cultural complex in the Ninth District, which has been sitting idle for two years due to financial disputes between the local government, WHB consortium and Porto Investment.
Inflation Jumps To 5.6% In Hungary, Beats Forecasts
- 17 Jul 2012 9:00 AM
- business
Inflation stood at 5.6% in June, above analysts’ forecasts, after rising 5.3% year-on-year in May, the Central Statistics Office announced last week. Core inflation, stripping out the impacts of energy and food prices, was 4.9%. The spike in consumer prices was due to higher taxes, including VAT and excise taxes, analysts said. Excluding these effects, inflation rose 3.4% year-on-year in June.