200 result(s) for forint rate in Business
Hungary’s Competition Office Fines K&H Bank For Misleading Advertising
- 8 Dec 2014 8:00 AM
- business
Hungary’s Competition Office (GVH) said it had fined K&H Bank 80 million forints for misleading advertising. GVH levied the fine for a month-long ad campaign of KSH’s “MIX” product early in 2014. KSH advertised a 7.80% annual return on the product – well over the market rate – but failed to make clear that the rate was paid only on the one-third of savings that were placed in a deposit.
Hungarian Parliament Approves “Fair Banking” Law
- 26 Nov 2014 8:00 AM
- business
Parliament approved a law on “fair banking” and a separate legislation on converting forex loans into home currency. The former establishes strict conditions for unilateral changes to interest rates and fees, as well as requires banks to provide adequate information before loan contracts are signed.
Varga: Hungarian Govt Not Mulling Corporate Tax Changes
- 22 Oct 2014 9:00 AM
- business
The government is not planning to change the taxation rate for companies next year but the longterm goal is to have a flat-rate tax, Mihály Varga, the economy minister, told a press conference. Presenting details of the government’s tax proposals, Varga said that small and medium-size ventures would continue to pay a 10% corporate tax, and large companies 19%.
Hungarian Forint Firms To Two Month High To Euro
- 7 Oct 2014 9:00 AM
- business
The forint traded at two-month high of 308.92 to the euro shortly after 10am on Monday, firming from 309.81 late Friday. Economy Minister Mihály Varga talked up the forint on Friday, saying that Hungary’s exchange rate should be stronger in order to help push down the public debt.
Bank Tax In Hungary To Remain In Place Next Year
- 1 Oct 2014 9:00 AM
- business
Conversion from forex debt into forint loans, planned for the first quarter or first half of next year, will concern only residential and free-purpose forex household mortgage loans, while the special bank tax will remain intact next year, Gábor Orbán, state secretary at the economy ministry, told participants of a Reuters conference on CEE investments in Budapest.
Economist Péter Róna On Hungary’s Post Election Austerity Plans
- 26 Sep 2014 5:00 AM
- business
“They need the austerity so that there is something to steal. This is the basic mechanism.” – Péter Róna, Oxford professor of economics and policy advisor to opposition party Politics Can Be Different (LMP)
Hungarian Parliament Passes Debt Relief Act
- 26 Sep 2014 1:00 AM
- business
Parliament passed the Debt Relief Act yesterday requiring banks to return millions of forints to forex- and forint-loan debtors for losses arising from unilateral contract modifications and currency margin disparities.
Hungarian Bill Bans Banks From Raising Fees
- 15 Sep 2014 9:00 AM
- business
Fidesz has submitted a bill to Parliament that will ban banks from unilaterally raising interest rates, costs or fees, caucus leader Antal Rogán told reporters on Friday after the party MPs held their season-opening meeting in Tapolca.
Hungary’s Central Bank Ready To Provide Banks With Foreign Currency
- 8 Sep 2014 9:00 AM
- business
Hungary’s banks will need around 3 billion euros to offset their liabilities in connection with compensation to clients who took out loans in foreign currency, and the central bank is ready to provide forex funding to commercial lenders from its reserves, the bank’s deputy governor said.
Hungary’s Competition Office Fines K&H Bank For Misleading Advertising
- 8 Dec 2014 8:00 AM
- business
Hungary’s Competition Office (GVH) said it had fined K&H Bank 80 million forints for misleading advertising. GVH levied the fine for a month-long ad campaign of KSH’s “MIX” product early in 2014. KSH advertised a 7.80% annual return on the product – well over the market rate – but failed to make clear that the rate was paid only on the one-third of savings that were placed in a deposit.
Hungarian Parliament Approves “Fair Banking” Law
- 26 Nov 2014 8:00 AM
- business
Parliament approved a law on “fair banking” and a separate legislation on converting forex loans into home currency. The former establishes strict conditions for unilateral changes to interest rates and fees, as well as requires banks to provide adequate information before loan contracts are signed.
Varga: Hungarian Govt Not Mulling Corporate Tax Changes
- 22 Oct 2014 9:00 AM
- business
The government is not planning to change the taxation rate for companies next year but the longterm goal is to have a flat-rate tax, Mihály Varga, the economy minister, told a press conference. Presenting details of the government’s tax proposals, Varga said that small and medium-size ventures would continue to pay a 10% corporate tax, and large companies 19%.
Hungarian Forint Firms To Two Month High To Euro
- 7 Oct 2014 9:00 AM
- business
The forint traded at two-month high of 308.92 to the euro shortly after 10am on Monday, firming from 309.81 late Friday. Economy Minister Mihály Varga talked up the forint on Friday, saying that Hungary’s exchange rate should be stronger in order to help push down the public debt.
Bank Tax In Hungary To Remain In Place Next Year
- 1 Oct 2014 9:00 AM
- business
Conversion from forex debt into forint loans, planned for the first quarter or first half of next year, will concern only residential and free-purpose forex household mortgage loans, while the special bank tax will remain intact next year, Gábor Orbán, state secretary at the economy ministry, told participants of a Reuters conference on CEE investments in Budapest.
Economist Péter Róna On Hungary’s Post Election Austerity Plans
- 26 Sep 2014 5:00 AM
- business
“They need the austerity so that there is something to steal. This is the basic mechanism.” – Péter Róna, Oxford professor of economics and policy advisor to opposition party Politics Can Be Different (LMP)
Hungarian Parliament Passes Debt Relief Act
- 26 Sep 2014 1:00 AM
- business
Parliament passed the Debt Relief Act yesterday requiring banks to return millions of forints to forex- and forint-loan debtors for losses arising from unilateral contract modifications and currency margin disparities.
Hungarian Bill Bans Banks From Raising Fees
- 15 Sep 2014 9:00 AM
- business
Fidesz has submitted a bill to Parliament that will ban banks from unilaterally raising interest rates, costs or fees, caucus leader Antal Rogán told reporters on Friday after the party MPs held their season-opening meeting in Tapolca.
Hungary’s Central Bank Ready To Provide Banks With Foreign Currency
- 8 Sep 2014 9:00 AM
- business
Hungary’s banks will need around 3 billion euros to offset their liabilities in connection with compensation to clients who took out loans in foreign currency, and the central bank is ready to provide forex funding to commercial lenders from its reserves, the bank’s deputy governor said.