149 result(s) for financial loss
IMF Issues Concluding Statement On Hungary
- 4 Feb 2015 8:01 AM
- current affairs
Hungary’s economy is coming back from the crisis but the road to strong, sustained activity and higher private sector employment is still a long one. Macroeconomic policies have contributed to a welcome reduction in vulnerabilities, strong growth and a reduction in unemployment. But the country remains susceptible to shocks and its medium-term growth prospects are subdued.
Xpat Opinion: Without Foreigners, We Dance Alone
- 15 Jan 2015 2:40 AM
- current affairs
By Tom Popper, Managing Editor, Budapest Business Journal: Back in May 2012, Prime Minister Viktor Orbán famously spoke of the “peacock dance” of diplomacy, in which one seeks to remain friendly with foreign powers, even while acting against their wishes.
Xpat Opinion: Hungary Caught In The Russia-US Crossfire
- 30 Dec 2014 8:00 AM
- current affairs
A right-wing commentator advises the exercise of caution in both politics and finances, at a time when Russia is facing hard times with obvious negative consequences for European countries.
Hungary Seeks To Restore Domestic Ownership Of Major Enterprises
- 22 Dec 2014 8:00 AM
- current affairs
The Hungarian government is attempting to restore large enterprises to Hungarian state ownership. It is working hard to convince foreign owners to sell their assets to Hungarian investors. Heti Válasz offers a wrap-up of the four-year process, which includes, among other sectors, electricity generation and the media.
Xpat Opnion: First State-Owned Hungarian Bank Is Already In Trouble
- 19 Dec 2014 12:00 AM
- current affairs
Great interest preceded a press conference held jointly by Prime Minister Viktor Orbán and György Matolcsy, governor of the Hungarian National Bank (HNB), this morning. What was so important that these two men would have to appear together in public? It had to be something momentous. Well, it was. The newly “nationalized” Magyar Külkereskedemi Bank (MKB) is in serious trouble and the Hungarian ...
Hungary Loses Three More Cases At European Court
- 23 Oct 2014 9:00 AM
- current affairs
A former public television employee, a former National Assets Management employee and an American citizen won their court cases against the Hungarian state at the European Court of Human Rights in Strasbourg on Tuesday. The court obliged Hungary to pay EUR 12,000 (USD 15,300) in compensation to the applicants.
Raiffeisen’s Chief Executive: Withdrawal From Hungary Not On Agenda
- 25 Sep 2014 7:30 AM
- current affairs
The sale of Raiffeisen Bank’s Hungarian unit is not on the agenda of the parent company, Heinz Wiedner, chief executive of Raiffeisen Bank Zrt told Monday’s Napi Gazdasag. In the first half of this year, every business segment of the bank was profitable, even if the bank was forced to book a serious loss on the back of government measures to compensate clients with foreign currency loans.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
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”.
IMF Issues Concluding Statement On Hungary
- 4 Feb 2015 8:01 AM
- current affairs
Hungary’s economy is coming back from the crisis but the road to strong, sustained activity and higher private sector employment is still a long one. Macroeconomic policies have contributed to a welcome reduction in vulnerabilities, strong growth and a reduction in unemployment. But the country remains susceptible to shocks and its medium-term growth prospects are subdued.
Xpat Opinion: Without Foreigners, We Dance Alone
- 15 Jan 2015 2:40 AM
- current affairs
By Tom Popper, Managing Editor, Budapest Business Journal: Back in May 2012, Prime Minister Viktor Orbán famously spoke of the “peacock dance” of diplomacy, in which one seeks to remain friendly with foreign powers, even while acting against their wishes.
Xpat Opinion: Hungary Caught In The Russia-US Crossfire
- 30 Dec 2014 8:00 AM
- current affairs
A right-wing commentator advises the exercise of caution in both politics and finances, at a time when Russia is facing hard times with obvious negative consequences for European countries.
Hungary Seeks To Restore Domestic Ownership Of Major Enterprises
- 22 Dec 2014 8:00 AM
- current affairs
The Hungarian government is attempting to restore large enterprises to Hungarian state ownership. It is working hard to convince foreign owners to sell their assets to Hungarian investors. Heti Válasz offers a wrap-up of the four-year process, which includes, among other sectors, electricity generation and the media.
Xpat Opnion: First State-Owned Hungarian Bank Is Already In Trouble
- 19 Dec 2014 12:00 AM
- current affairs
Great interest preceded a press conference held jointly by Prime Minister Viktor Orbán and György Matolcsy, governor of the Hungarian National Bank (HNB), this morning. What was so important that these two men would have to appear together in public? It had to be something momentous. Well, it was. The newly “nationalized” Magyar Külkereskedemi Bank (MKB) is in serious trouble and the Hungarian ...
Hungary Loses Three More Cases At European Court
- 23 Oct 2014 9:00 AM
- current affairs
A former public television employee, a former National Assets Management employee and an American citizen won their court cases against the Hungarian state at the European Court of Human Rights in Strasbourg on Tuesday. The court obliged Hungary to pay EUR 12,000 (USD 15,300) in compensation to the applicants.
Raiffeisen’s Chief Executive: Withdrawal From Hungary Not On Agenda
- 25 Sep 2014 7:30 AM
- current affairs
The sale of Raiffeisen Bank’s Hungarian unit is not on the agenda of the parent company, Heinz Wiedner, chief executive of Raiffeisen Bank Zrt told Monday’s Napi Gazdasag. In the first half of this year, every business segment of the bank was profitable, even if the bank was forced to book a serious loss on the back of government measures to compensate clients with foreign currency loans.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
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”.