474 result(s) for financial system
“Get Home Safe!” Traffic Safety Programme For Motorways In Hungary
- 30 Oct 2013 8:00 AM
- getting around
The total value of the New Széchenyi Plan package of developments targeted at the prevention of road accidents causing personal injury is over HUF 55 billion. The investments to be implemented on the expressway system in the first round, from a budget of over HUF 13.5bn, may be completed by the end of next year. The project launching event of the State Motorway Management Co. Ltd. was held at the ...
Xpat Opinion: The Failure Of Széll Kálmán Square Budapest Plan Reflected In The Budget 2014
- 18 Oct 2013 9:00 AM
- getting around
In spring, 2011, to demonstrate to the European Union that the country is capable of obviating the excessive deficit procedure, the Hungarian Government announced the Széll Kálmán-Plan, then a year after the Széll Kálmán-Plan 2.0. By scale these represented restrictions amounting to HUF 1,500 billion. In its analysis, the Policy Agenda checked, to what extent the Budget 2014 reflects the ...
The 2013 Hungarian Design & Design Management Awards
- 3 Oct 2013 9:00 AM
- community & culture
The 2013 Hungarian Design and Design Management Awards were announced on the 30th September in Kunsthalle Budapest. A leading program of Budapest Design Week, the award ceremony is also the opening of the exhibition displaying the awarded and the most distinguished works of the competition.
Xpat Opinion: Hungary Merges Central Bank & Financial Supervisory Authority
- 24 Sep 2013 9:00 AM
- current affairs
By Ference Kumin: A few days ago, the Parliament passed a law on the merger of the Central Bank and the agency with oversight authority for the financial services sector, the Hungarian Financial Supervisory Authority. In order to be able to do that, the Parliament modified the country’s Fundamental Law.
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 ...
2013 Deficit Target Will Be Met, States Hungarian Govt.
- 11 Sep 2013 9:00 AM
- business
The central sub-sector of the state budget posted a deficit of HUF 110.0bn for the month of August 2013. The financial transfer data of the central budget at the end of August is in line with the Government's prior expectations. Revenues and expenditures anticipated for the current and the following months - including an outstanding surplus prognosticated for the month of December - confirm the ...
Xpat Opinion: Hungary's PM Viktor Orbán On Football
- 4 Aug 2013 1:00 AM
- sport
This morning I read a lengthy interview with Viktor Orbán on the Ferenc Puskás Academy’s website. Several newspapers summarized the prime minister’s thoughts on the state of Hungarian football. The historian Gábor Egry, whom readers of Hungarian Spectrum know from his occasional comments, wrote on Facebook about this interview: “Compulsory reading. Really. Everything one ought to and must know ...
Hungary's Gov To Remove Foreign-Currency Denominated Mortgages From Market
- 29 Jul 2013 9:00 AM
- property
The Government has given the economy minister, Mihály Varga, a mandate to remove foreign-currency denominated mortgages from the Hungarian financial system, Prime Minister Viktor Orbán said in his regular morning interview on Kossuth public radio, adding that a solution is required, which does not endanger the financial system.
Welcome Aboard The New Hungarian Airline: Sólyom
- 25 Jul 2013 12:00 PM
- travel
Here's an overview of how Sólyom Hungarian Airways came into existence, its current situation as well as future plans. Also included below is info about its owners, strategic investors, and a few interesting stats such as, "Route network: 31 destinations in 2013, 51 destinations in 2014, and 96 destinations in 55 countries around the world by 2017". Oh and as you probably know, Sólyom is best ...
“Get Home Safe!” Traffic Safety Programme For Motorways In Hungary
- 30 Oct 2013 8:00 AM
- getting around
The total value of the New Széchenyi Plan package of developments targeted at the prevention of road accidents causing personal injury is over HUF 55 billion. The investments to be implemented on the expressway system in the first round, from a budget of over HUF 13.5bn, may be completed by the end of next year. The project launching event of the State Motorway Management Co. Ltd. was held at the ...
Xpat Opinion: The Failure Of Széll Kálmán Square Budapest Plan Reflected In The Budget 2014
- 18 Oct 2013 9:00 AM
- getting around
In spring, 2011, to demonstrate to the European Union that the country is capable of obviating the excessive deficit procedure, the Hungarian Government announced the Széll Kálmán-Plan, then a year after the Széll Kálmán-Plan 2.0. By scale these represented restrictions amounting to HUF 1,500 billion. In its analysis, the Policy Agenda checked, to what extent the Budget 2014 reflects the ...
The 2013 Hungarian Design & Design Management Awards
- 3 Oct 2013 9:00 AM
- community & culture
The 2013 Hungarian Design and Design Management Awards were announced on the 30th September in Kunsthalle Budapest. A leading program of Budapest Design Week, the award ceremony is also the opening of the exhibition displaying the awarded and the most distinguished works of the competition.
Xpat Opinion: Hungary Merges Central Bank & Financial Supervisory Authority
- 24 Sep 2013 9:00 AM
- current affairs
By Ference Kumin: A few days ago, the Parliament passed a law on the merger of the Central Bank and the agency with oversight authority for the financial services sector, the Hungarian Financial Supervisory Authority. In order to be able to do that, the Parliament modified the country’s Fundamental Law.
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 ...
2013 Deficit Target Will Be Met, States Hungarian Govt.
- 11 Sep 2013 9:00 AM
- business
The central sub-sector of the state budget posted a deficit of HUF 110.0bn for the month of August 2013. The financial transfer data of the central budget at the end of August is in line with the Government's prior expectations. Revenues and expenditures anticipated for the current and the following months - including an outstanding surplus prognosticated for the month of December - confirm the ...
Xpat Opinion: Hungary's PM Viktor Orbán On Football
- 4 Aug 2013 1:00 AM
- sport
This morning I read a lengthy interview with Viktor Orbán on the Ferenc Puskás Academy’s website. Several newspapers summarized the prime minister’s thoughts on the state of Hungarian football. The historian Gábor Egry, whom readers of Hungarian Spectrum know from his occasional comments, wrote on Facebook about this interview: “Compulsory reading. Really. Everything one ought to and must know ...
Hungary's Gov To Remove Foreign-Currency Denominated Mortgages From Market
- 29 Jul 2013 9:00 AM
- property
The Government has given the economy minister, Mihály Varga, a mandate to remove foreign-currency denominated mortgages from the Hungarian financial system, Prime Minister Viktor Orbán said in his regular morning interview on Kossuth public radio, adding that a solution is required, which does not endanger the financial system.
Welcome Aboard The New Hungarian Airline: Sólyom
- 25 Jul 2013 12:00 PM
- travel
Here's an overview of how Sólyom Hungarian Airways came into existence, its current situation as well as future plans. Also included below is info about its owners, strategic investors, and a few interesting stats such as, "Route network: 31 destinations in 2013, 51 destinations in 2014, and 96 destinations in 55 countries around the world by 2017". Oh and as you probably know, Sólyom is best ...