77 result(s) for growth potential in Business
EIB Group Opens Budapest Office
- 14 Jun 2016 9:00 AM
- business
The Investment Bank (EIB) officially opened its Budapest office at a ceremony held at the Hungarian Academy of Sciences. Few countries would make better partners for the EIB than Hungary, Prime Minister Viktor Orbán said in his address. At the event, Hungary signed a 30 billion forint (EUR 96m) refinancing agreement with the EIB for the construction of gymnasiums, swimming pools, sports courts ...
IMF: Hungarian Economy Performing Well
- 17 Feb 2016 8:00 AM
- business
The Hungarian economy is performing very well and its vulnerability to shocks has declined substantially, although debt levels and financing needs remain high, IMF staff said in a report based on preliminary findings gathered as part of IMF’s regular consultation with Hungarian authorities.
Hungarian Forint Joins CLS Multi-Currency Cash Settlement System
- 17 Nov 2015 8:00 AM
- business
Hungary’s forint has become part of the CLS (Continuous Linked Settlement) system that settles payment instructions relating to underlying FX transactions, the company (CLS Group - CLS) said. The Hungarian unit is the first central and eastern European currency to be added to the CLS settlement system, and the 18th overall, they said. “CLS ... has started settling payment instructions in the ...
Hungarian Economy Minister: CEE Potential Growth Engine In EU
- 2 Nov 2015 4:00 AM
- business
Central Europe could be the growth engine of the European Union in its connection with Germany, Hungary’s economy minister told a conference. Addressing the Osteuropaverein der deutschen Wirtschaft, the German foreign trade association, Mihály Varga noted that Hungary had reached the end of a period of economic consolidation and its performance at the start of 2015 was now at the same level as ...
Hungary Jumps More Than 10 Places In World Bank Ranking
- 29 Oct 2015 8:00 AM
- business
Hungary moved up by more than ten places to 42nd out of 189 countries in the World Bank’s 2016 Doing Business ranking, the economy ministry said on Wednesday. The World Bank introduced a number of changes to the methodology used to compile the report, which allowed Hungary to improve to 42nd from its 2015 ranking of 54th place.
Szijjártó Hungary Diversifying Trade Relations
- 16 Oct 2015 9:00 AM
- business
Hungary is diversifying its trade relations to the south and east to ensure it is among the winners in the new world order taking shape, Foreign Minister Péter Szijjártó said. This world order is emerging in the wake of global challenges and regional economic integration, the minister said at the opening of the second Hungary-Latin America Forum in Budapest. At the start of this year, Hungary ...
IMF Revised Upward Hungary’s Economic Growth Estimate
- 7 Oct 2015 9:50 AM
- business
Scheduled to coincide with its regular annual meeting organized this year in Lima, Peru, the International Monetary Fund published the latest World Economic Outlook, a study on global growth prospects. In comparison to estimates published in March 2015, the organization once again upwardly revised the economic growth forecast for 2015, raising it by 0.3 percentage points to 3.0 percent of GDP, ...
Hungary May Become Central-Europe’s Growth Hub
- 5 Oct 2015 11:00 AM
- business
Hungary has the capacity to become Central-Europe’s growth hub, Prime Minister Viktor Orbán said at the opening ceremony of the Bank of China’s RMB clearing centre in Hungary. Let us believe the Chinese (...), if they chose Budapest as their regional centre, there must plenty of steam, potential and future in this country (...). We are able to increase even our current economic performance, with ...
Századvég Lowers Hungary’s GDP, Inflation Forecast For 2015
- 23 Sep 2015 9:00 AM
- business
Economic research institute Századvég has lowered its GDP growth forecast to 3.1% for 2015 from 3.4% forecast in June. The economy was weaker than expected in the second quarter, the think-tank said, adding that the deterioration in the economic outlook is related to one-off factors which do not affect Hungary’s growth potential. Economic output is expected to grow by 2.5% in 2016 compared with ...
EIB Group Opens Budapest Office
- 14 Jun 2016 9:00 AM
- business
The Investment Bank (EIB) officially opened its Budapest office at a ceremony held at the Hungarian Academy of Sciences. Few countries would make better partners for the EIB than Hungary, Prime Minister Viktor Orbán said in his address. At the event, Hungary signed a 30 billion forint (EUR 96m) refinancing agreement with the EIB for the construction of gymnasiums, swimming pools, sports courts ...
IMF: Hungarian Economy Performing Well
- 17 Feb 2016 8:00 AM
- business
The Hungarian economy is performing very well and its vulnerability to shocks has declined substantially, although debt levels and financing needs remain high, IMF staff said in a report based on preliminary findings gathered as part of IMF’s regular consultation with Hungarian authorities.
Hungarian Forint Joins CLS Multi-Currency Cash Settlement System
- 17 Nov 2015 8:00 AM
- business
Hungary’s forint has become part of the CLS (Continuous Linked Settlement) system that settles payment instructions relating to underlying FX transactions, the company (CLS Group - CLS) said. The Hungarian unit is the first central and eastern European currency to be added to the CLS settlement system, and the 18th overall, they said. “CLS ... has started settling payment instructions in the ...
Hungarian Economy Minister: CEE Potential Growth Engine In EU
- 2 Nov 2015 4:00 AM
- business
Central Europe could be the growth engine of the European Union in its connection with Germany, Hungary’s economy minister told a conference. Addressing the Osteuropaverein der deutschen Wirtschaft, the German foreign trade association, Mihály Varga noted that Hungary had reached the end of a period of economic consolidation and its performance at the start of 2015 was now at the same level as ...
Hungary Jumps More Than 10 Places In World Bank Ranking
- 29 Oct 2015 8:00 AM
- business
Hungary moved up by more than ten places to 42nd out of 189 countries in the World Bank’s 2016 Doing Business ranking, the economy ministry said on Wednesday. The World Bank introduced a number of changes to the methodology used to compile the report, which allowed Hungary to improve to 42nd from its 2015 ranking of 54th place.
Szijjártó Hungary Diversifying Trade Relations
- 16 Oct 2015 9:00 AM
- business
Hungary is diversifying its trade relations to the south and east to ensure it is among the winners in the new world order taking shape, Foreign Minister Péter Szijjártó said. This world order is emerging in the wake of global challenges and regional economic integration, the minister said at the opening of the second Hungary-Latin America Forum in Budapest. At the start of this year, Hungary ...
IMF Revised Upward Hungary’s Economic Growth Estimate
- 7 Oct 2015 9:50 AM
- business
Scheduled to coincide with its regular annual meeting organized this year in Lima, Peru, the International Monetary Fund published the latest World Economic Outlook, a study on global growth prospects. In comparison to estimates published in March 2015, the organization once again upwardly revised the economic growth forecast for 2015, raising it by 0.3 percentage points to 3.0 percent of GDP, ...
Hungary May Become Central-Europe’s Growth Hub
- 5 Oct 2015 11:00 AM
- business
Hungary has the capacity to become Central-Europe’s growth hub, Prime Minister Viktor Orbán said at the opening ceremony of the Bank of China’s RMB clearing centre in Hungary. Let us believe the Chinese (...), if they chose Budapest as their regional centre, there must plenty of steam, potential and future in this country (...). We are able to increase even our current economic performance, with ...
Századvég Lowers Hungary’s GDP, Inflation Forecast For 2015
- 23 Sep 2015 9:00 AM
- business
Economic research institute Századvég has lowered its GDP growth forecast to 3.1% for 2015 from 3.4% forecast in June. The economy was weaker than expected in the second quarter, the think-tank said, adding that the deterioration in the economic outlook is related to one-off factors which do not affect Hungary’s growth potential. Economic output is expected to grow by 2.5% in 2016 compared with ...