79 result(s) for financial crisis in Business
European Recovery May Choke On Volcanic Ash
- 19 Apr 2010 5:00 AM
- business
"Hungarian airspace remains closed from all traffic until Monday noon local time, the National Transport Authority’s Civil Aviation Directorate announced. This means that all flights are cancelled in Hungary and Budapest Airport has no incoming our outbound flights at all. The airspace closure, implemented all over Europe due to a volcanic eruption in Iceland sending dangerous ash clouds into the ...
Icelandic Volcanic Ash Chokes Hungary's Forint
- 19 Apr 2010 4:00 AM
- business
"Goldman Sachs being charged with fraud by the Securities and Exchange Commission (SEC) has ruined the appetite for markets on Friday, and the volcanic ash from Iceland keeps choking European markets. The airspace closure is seen putting Europe’s fragile recovery in danger, according to the most recent press reports. Hungary’s forint eased to above 265 against the euro again.
Credigen Bank Withdraws From Hungary
- 12 Apr 2010 3:00 AM
- business
"Credigen Bank, the Hungarian consumer finance unit of French Sofinco, has terminated its activities in Hungary. A major player on the local consumer loan market, it will complete collecting its outstanding debt and then withdraw from Hungary altogether, the bank confirmed to local news portal index.hu. It has contracts with such large retail chains as Tesco, Media Markt, Saturn and Extreme ...
Hungarian Firm Catches International Fever
- 9 Apr 2010 1:00 AM
- business
"During times of crisis, as many are all too familiar with, companies are forced to become more agile in order to survive. For many firms this has come down to cutting costs and focusing all available resources on sustaining business. Though these tactics may not be the ideal solution for young firms looking to grow their business, in many cases it’s done simply so the firm can stay afloat until ...
Hungarian Economy Getting Up From The Mat, But Not Even In Semi-Kneeling Position
- 11 Mar 2010 2:00 AM
- business
@Hungary’s gross domestic product (GDP) dropped by 4.0% year on year in the fourth quarter of 2009, according to raw data and decreased by 4.1%, according to figures adjusted for calendar effects, the Central Statistics Office (KSH) has reported on Wednesday. Seasonally adjusted numbers showed an 0.4% quarter-on-quarter contraction. The Hungarian economy contracted by 6.3% yr/yr in the whole of ...
Hungary Needs "Fiscal Dictatorship" - Járai
- 11 Mar 2010 1:00 AM
- business
"Hungary would still be on the verge of sovereign default if it was not for the IMF credit, said Zsigmond Járai, former Governor of the central bank (NBH). He also told a conference in Budapest on Tuesday that the c.bank pursued a wrong monetary policy and that it should have lowered interest rates drastically. He noted that Hungary would need to rewrite its Convergence Programme as quickly as ...
When The EUR Falls, Hungary's Forint Tends To Underperform CE3 Peers
- 5 Mar 2010 2:00 AM
- business
"A better risk appetite environment should support the EUR/USD in the short term, but the cross looks to be heading lower from Q2 on, Crédit Agricole Corporate Investment Bank said on Thursday. It reminded that there have only been three other periods of EUR weakness, the last of which corresponded with the worst of the credit crisis.
European Recovery May Choke On Volcanic Ash
- 19 Apr 2010 5:00 AM
- business
"Hungarian airspace remains closed from all traffic until Monday noon local time, the National Transport Authority’s Civil Aviation Directorate announced. This means that all flights are cancelled in Hungary and Budapest Airport has no incoming our outbound flights at all. The airspace closure, implemented all over Europe due to a volcanic eruption in Iceland sending dangerous ash clouds into the ...
Icelandic Volcanic Ash Chokes Hungary's Forint
- 19 Apr 2010 4:00 AM
- business
"Goldman Sachs being charged with fraud by the Securities and Exchange Commission (SEC) has ruined the appetite for markets on Friday, and the volcanic ash from Iceland keeps choking European markets. The airspace closure is seen putting Europe’s fragile recovery in danger, according to the most recent press reports. Hungary’s forint eased to above 265 against the euro again.
Credigen Bank Withdraws From Hungary
- 12 Apr 2010 3:00 AM
- business
"Credigen Bank, the Hungarian consumer finance unit of French Sofinco, has terminated its activities in Hungary. A major player on the local consumer loan market, it will complete collecting its outstanding debt and then withdraw from Hungary altogether, the bank confirmed to local news portal index.hu. It has contracts with such large retail chains as Tesco, Media Markt, Saturn and Extreme ...
Hungarian Firm Catches International Fever
- 9 Apr 2010 1:00 AM
- business
"During times of crisis, as many are all too familiar with, companies are forced to become more agile in order to survive. For many firms this has come down to cutting costs and focusing all available resources on sustaining business. Though these tactics may not be the ideal solution for young firms looking to grow their business, in many cases it’s done simply so the firm can stay afloat until ...
Hungarian Economy Getting Up From The Mat, But Not Even In Semi-Kneeling Position
- 11 Mar 2010 2:00 AM
- business
@Hungary’s gross domestic product (GDP) dropped by 4.0% year on year in the fourth quarter of 2009, according to raw data and decreased by 4.1%, according to figures adjusted for calendar effects, the Central Statistics Office (KSH) has reported on Wednesday. Seasonally adjusted numbers showed an 0.4% quarter-on-quarter contraction. The Hungarian economy contracted by 6.3% yr/yr in the whole of ...
Hungary Needs "Fiscal Dictatorship" - Járai
- 11 Mar 2010 1:00 AM
- business
"Hungary would still be on the verge of sovereign default if it was not for the IMF credit, said Zsigmond Járai, former Governor of the central bank (NBH). He also told a conference in Budapest on Tuesday that the c.bank pursued a wrong monetary policy and that it should have lowered interest rates drastically. He noted that Hungary would need to rewrite its Convergence Programme as quickly as ...
When The EUR Falls, Hungary's Forint Tends To Underperform CE3 Peers
- 5 Mar 2010 2:00 AM
- business
"A better risk appetite environment should support the EUR/USD in the short term, but the cross looks to be heading lower from Q2 on, Crédit Agricole Corporate Investment Bank said on Thursday. It reminded that there have only been three other periods of EUR weakness, the last of which corresponded with the worst of the credit crisis.