39 result(s) for foreign currency debtor
Xpat Opinion: Euro Over 300 HUF In Hungary
- 5 Aug 2013 9:00 AM
- business
Commentators across the political spectrum ponder the possible impact of the IMF loan repayment and the conversion of foreign currency-based mortgages into Forint credit.
Xpat Opinion: Hungarian National Bank To Be Involved In FX Mortgage Conversion?
- 1 Aug 2013 7:00 AM
- business
A conservative pundit warns against a selective conversion of loans denominated in foreign currencies. He proposes that the National Bank should step in and offer part of its foreign currency reserves to convert all FX household loans into Forint credits.
Hungarian Minister Talks With Advocacy Groups Re Foreign Currency Loans
- 1 Aug 2013 7:00 AM
- property
Minister for National Economy Mihály Varga met with representatives of the Civil Összefogás Fórum-Civil Összefogás Közhasznú Alapítvány (Civic Forum-Civic Union Public Benefit Foundation) earlier today in order to come to a compromise and a satisfying, solidarity-based solution with regard to the issue of foreign currency debtors in general and that of foreign currency mortgages in particular, ...
Report Of Mortgage Rescue Plan Revives Old Fears In Hungary
- 18 Jul 2013 9:00 AM
- property
OTP shares got hammered on Wednesday, falling 3.6%, on news that the government intends to provide further relief to foreign-currency mortgage debtors. Deputy prime minister Tibor Navracsics said in a Tuesday night interview that the government was examining the legal possibilities for amending such mortgage contracts.
Government Continues To Stand For The Protection Of Foreign Currency Debtors
- 1 Jul 2013 9:00 AM
- property
The European Commission notified Hungary already in December 2011 within an EU Pilot procedure which warns that the Government Decree stipulating that the monthly income of applicants of foreign currency loans shall exceed a sum equivalent of 15 times the amount of official minimum wage, and the income shall be received in the same currency in which the loan is denominated violates EU law.
'Minister Varga, Growth & Forint', By Ferenc Kumin
- 12 Mar 2013 8:00 AM
- current affairs
Ferenc Kumin is the Deputy State Secretary For International Communications In Hungary: Beginning this week, Hungary has a new minister of national economy: Mihaly Varga. Varga assumes the post after serving most recently as the minister without portfolio responsible for relations with international financial organizations. Previously, he was state secretary running the Prime Minister’s Office ...
Hungarian Debtors Shy From Fixed-Rate Repayment
- 30 Nov 2012 8:00 AM
- property
The number of foreign-currency mortgage debtors joining the fixed-rate repayment scheme was 15,552 in October, the financial supervisory Pszáf has announced. The scheme allows debtors to temporarily fix loan repayments at a rate of Ft 180 to the Swiss franc, or Ft 250 to the euro, while the difference between the actual and fixed exchange rates would accumulate in an accrual account to be repaid ...
Minister Of State Cséfalvay On The Hungarian Economy And Talks With The IMF
- 17 Oct 2012 9:00 AM
- current affairs
“Europe was slumbering in the past decade and so was Hungary”, as no real reforms had been implemented either domestically or abroad – Minister of State for Economic Strategy pointed out in his speech held at the Budapest Economic Forum. The Minister of State at the Ministry for National Economy has described those key reasons which had caused a dual, political-economic crisis in the euro-zone ...
National Consultations Will Begin Concerning Job Creation In Hungary
- 29 May 2012 9:00 AM
- current affairs
The Government will consult the public primarily on issues related to the creation of jobs as part of another series of national consultations, Prime Minister Viktor Orbán said on Friday in the morning show of the public service radio.
Xpat Opinion: Euro Over 300 HUF In Hungary
- 5 Aug 2013 9:00 AM
- business
Commentators across the political spectrum ponder the possible impact of the IMF loan repayment and the conversion of foreign currency-based mortgages into Forint credit.
Xpat Opinion: Hungarian National Bank To Be Involved In FX Mortgage Conversion?
- 1 Aug 2013 7:00 AM
- business
A conservative pundit warns against a selective conversion of loans denominated in foreign currencies. He proposes that the National Bank should step in and offer part of its foreign currency reserves to convert all FX household loans into Forint credits.
Hungarian Minister Talks With Advocacy Groups Re Foreign Currency Loans
- 1 Aug 2013 7:00 AM
- property
Minister for National Economy Mihály Varga met with representatives of the Civil Összefogás Fórum-Civil Összefogás Közhasznú Alapítvány (Civic Forum-Civic Union Public Benefit Foundation) earlier today in order to come to a compromise and a satisfying, solidarity-based solution with regard to the issue of foreign currency debtors in general and that of foreign currency mortgages in particular, ...
Report Of Mortgage Rescue Plan Revives Old Fears In Hungary
- 18 Jul 2013 9:00 AM
- property
OTP shares got hammered on Wednesday, falling 3.6%, on news that the government intends to provide further relief to foreign-currency mortgage debtors. Deputy prime minister Tibor Navracsics said in a Tuesday night interview that the government was examining the legal possibilities for amending such mortgage contracts.
Government Continues To Stand For The Protection Of Foreign Currency Debtors
- 1 Jul 2013 9:00 AM
- property
The European Commission notified Hungary already in December 2011 within an EU Pilot procedure which warns that the Government Decree stipulating that the monthly income of applicants of foreign currency loans shall exceed a sum equivalent of 15 times the amount of official minimum wage, and the income shall be received in the same currency in which the loan is denominated violates EU law.
'Minister Varga, Growth & Forint', By Ferenc Kumin
- 12 Mar 2013 8:00 AM
- current affairs
Ferenc Kumin is the Deputy State Secretary For International Communications In Hungary: Beginning this week, Hungary has a new minister of national economy: Mihaly Varga. Varga assumes the post after serving most recently as the minister without portfolio responsible for relations with international financial organizations. Previously, he was state secretary running the Prime Minister’s Office ...
Hungarian Debtors Shy From Fixed-Rate Repayment
- 30 Nov 2012 8:00 AM
- property
The number of foreign-currency mortgage debtors joining the fixed-rate repayment scheme was 15,552 in October, the financial supervisory Pszáf has announced. The scheme allows debtors to temporarily fix loan repayments at a rate of Ft 180 to the Swiss franc, or Ft 250 to the euro, while the difference between the actual and fixed exchange rates would accumulate in an accrual account to be repaid ...
Minister Of State Cséfalvay On The Hungarian Economy And Talks With The IMF
- 17 Oct 2012 9:00 AM
- current affairs
“Europe was slumbering in the past decade and so was Hungary”, as no real reforms had been implemented either domestically or abroad – Minister of State for Economic Strategy pointed out in his speech held at the Budapest Economic Forum. The Minister of State at the Ministry for National Economy has described those key reasons which had caused a dual, political-economic crisis in the euro-zone ...
National Consultations Will Begin Concerning Job Creation In Hungary
- 29 May 2012 9:00 AM
- current affairs
The Government will consult the public primarily on issues related to the creation of jobs as part of another series of national consultations, Prime Minister Viktor Orbán said on Friday in the morning show of the public service radio.