124 result(s) for forint dropped
Hungary Retail Sales Rise 6.8% In May
- 26 Jul 2016 9:00 AM
- business
Retail sales in Hungary went up by an annual 6.8% in May, the Central Statistical Office (KSH) said, confirming data published in a first reading earlier. Retail sales rose by an annual 5.7% when adjusted for calendar year effects. The pace accelerated from an unadjusted 5.0% and slowed from a calendar year-adjusted 6.7% rise in April.
MNBʼs Foundations Said To Invest In Real Estate
- 17 Jun 2016 8:00 AM
- property
The National Bank of Hungary’s (MNB) controversial Pallas Athéné foundations (PADA) moved some of their endowment from government securities and bank deposits into real estate, according to the head of the investment company that manages the assets of the foundations, Hungarian news agency MTI reported.
Fewer Hungarians Open Baby Bond Accounts
- 8 Feb 2016 2:00 AM
- business
The number of Start accounts necessary to become eligible for “baby bonds” opened by Hungarians dropped to about 23,000 last year from 37,200 in 2014, business daily Világgazdaság said In January of this year, Start accounts were opened for just 2,021 of the 7,362 newborn Hungarians.
Hungary’s Intl Reserves Fall, But Remain Well Over Short-Term Debt In Q3 - NBH
- 6 Jan 2016 8:00 AM
- business
The National Bank of Hungary’s international reserves fell by 2.6 billion euros to 32.1 billion in the third quarter, but were still well over the country’s short-term external debt, a central bank quarterly report shows. As Hungary’s gross short-term debt stood at 21.7 billion euros at the end of Q3, the international reserves well exceed the 1:1 ratio prescribed under the Guidotti-Greenspan ...
Hungary Investment Volume Drops 3.4% In Q3
- 26 Nov 2015 12:00 AM
- business
Investment volume in Hungary was down by an annual 3.4% in the third quarter after rising by 5.7% in the second and falling by 3.9% in the first quarter, the Central Statistical Office (KSH) said. Third-quarter investments fell in all sectors with the exception of the property as well as business and the public administration, social insurance and defence sectors. In the latter sector, ...
Hungarian Parliament Votes To Set Up Cabinet Office
- 13 Oct 2015 9:00 AM
- current affairs
Hungary’s parliament has voted to establish a cabinet office as a separate ministry. The new ministry will be headed by Antal Rogán, former parliamentary group leader of the ruling Fidesz party. Rogán said earlier that the aim of the new ministry is to aid the work of the prime minister. The cabinet office will also manage the government’s communications. Parliament also amended the national ...
Former State Official Sentenced To Years For Sukoro Graft In Hungary
- 1 Oct 2015 9:02 AM
- current affairs
A court sentenced Miklós Tátrai, former head of the state asset management company (MNV), to four years in prison for causing damages to the state in connection with a planned casino investment near the village of Sukoró, next to Lake Velence, in central Hungary. The secondary defendant, Zsolt Császy, a former MNV sales executive, was charged as an accomplice in document fraud and given a ...
Insurers Estimate Storm Damage At HUF 3bn
- 13 Jul 2015 9:00 AM
- current affairs
Damages from the recent storm in Hungary are estimated around 3 billion forints (EUR 9.5m), the Association of Hungarian Insurers (Mabisz) said. Some 20,000 claims are expected in connection with storm damages, Mabisz said.
KSH: More And More Hungarians Can Afford Holidays Abroad
- 15 Jun 2015 9:00 AM
- travel
In the first quarter of this year, Hungarians paid a total 3.6 million visits to other countries, 5.4% up from the same period last year, according to Central Statistical Office (KSH) data. Spending by those Hungarian visitors amounted to 125 billion forints (EUR 400m), up 13% compared to 2014.
Hungary Retail Sales Rise 6.8% In May
- 26 Jul 2016 9:00 AM
- business
Retail sales in Hungary went up by an annual 6.8% in May, the Central Statistical Office (KSH) said, confirming data published in a first reading earlier. Retail sales rose by an annual 5.7% when adjusted for calendar year effects. The pace accelerated from an unadjusted 5.0% and slowed from a calendar year-adjusted 6.7% rise in April.
MNBʼs Foundations Said To Invest In Real Estate
- 17 Jun 2016 8:00 AM
- property
The National Bank of Hungary’s (MNB) controversial Pallas Athéné foundations (PADA) moved some of their endowment from government securities and bank deposits into real estate, according to the head of the investment company that manages the assets of the foundations, Hungarian news agency MTI reported.
Fewer Hungarians Open Baby Bond Accounts
- 8 Feb 2016 2:00 AM
- business
The number of Start accounts necessary to become eligible for “baby bonds” opened by Hungarians dropped to about 23,000 last year from 37,200 in 2014, business daily Világgazdaság said In January of this year, Start accounts were opened for just 2,021 of the 7,362 newborn Hungarians.
Hungary’s Intl Reserves Fall, But Remain Well Over Short-Term Debt In Q3 - NBH
- 6 Jan 2016 8:00 AM
- business
The National Bank of Hungary’s international reserves fell by 2.6 billion euros to 32.1 billion in the third quarter, but were still well over the country’s short-term external debt, a central bank quarterly report shows. As Hungary’s gross short-term debt stood at 21.7 billion euros at the end of Q3, the international reserves well exceed the 1:1 ratio prescribed under the Guidotti-Greenspan ...
Hungary Investment Volume Drops 3.4% In Q3
- 26 Nov 2015 12:00 AM
- business
Investment volume in Hungary was down by an annual 3.4% in the third quarter after rising by 5.7% in the second and falling by 3.9% in the first quarter, the Central Statistical Office (KSH) said. Third-quarter investments fell in all sectors with the exception of the property as well as business and the public administration, social insurance and defence sectors. In the latter sector, ...
Hungarian Parliament Votes To Set Up Cabinet Office
- 13 Oct 2015 9:00 AM
- current affairs
Hungary’s parliament has voted to establish a cabinet office as a separate ministry. The new ministry will be headed by Antal Rogán, former parliamentary group leader of the ruling Fidesz party. Rogán said earlier that the aim of the new ministry is to aid the work of the prime minister. The cabinet office will also manage the government’s communications. Parliament also amended the national ...
Former State Official Sentenced To Years For Sukoro Graft In Hungary
- 1 Oct 2015 9:02 AM
- current affairs
A court sentenced Miklós Tátrai, former head of the state asset management company (MNV), to four years in prison for causing damages to the state in connection with a planned casino investment near the village of Sukoró, next to Lake Velence, in central Hungary. The secondary defendant, Zsolt Császy, a former MNV sales executive, was charged as an accomplice in document fraud and given a ...
Insurers Estimate Storm Damage At HUF 3bn
- 13 Jul 2015 9:00 AM
- current affairs
Damages from the recent storm in Hungary are estimated around 3 billion forints (EUR 9.5m), the Association of Hungarian Insurers (Mabisz) said. Some 20,000 claims are expected in connection with storm damages, Mabisz said.
KSH: More And More Hungarians Can Afford Holidays Abroad
- 15 Jun 2015 9:00 AM
- travel
In the first quarter of this year, Hungarians paid a total 3.6 million visits to other countries, 5.4% up from the same period last year, according to Central Statistical Office (KSH) data. Spending by those Hungarian visitors amounted to 125 billion forints (EUR 400m), up 13% compared to 2014.