62 result(s) for household credit
Moody’s Upgrades Hungary’s Banking System Outlook To Positive
- 30 Jun 2016 9:00 AM
- business
Ratings agency Moody’s Investors Service upgraded the outlook of Hungary’s banking system to positive, the rating agency said today in a report entitled “Banking System Outlook - Hungary”. Moodyʼs noted, however, that government support for banks in the EU, including Hungary, is less certain under the provisions of the EUʼs Bank Recovery and Resolution Directive.
Majority Of Hungarians Planning Summer Vacations
- 17 Jun 2016 7:00 AM
- travel
As many as two-thirds of Hungarians surveyed said they will take a summer vacation this year, up from 48% a year ago, according to a survey conducted by Budapest Bank, Hungarian News Agency MTI reported today.
Moody’s: Improved Employment, Higher Real Wages Positive For Banks
- 31 May 2016 9:00 AM
- business
Lower unemployment, higher employment and rising real wages should positively impact Hungary’s banking sector, ratings agency Moody’s said in an analysis. Higher real wages is credit positive for banks because it enhances households’ ability to service their bank loans and will help reduce banks’ nonperforming retail loans.
Hungary Not At Risk, Says EBRD
- 21 Dec 2015 8:00 AM
- business
The European Bank for Reconstruction and Development has said that there is no risk in connection with Hungary as far as the bank is concerned, the daily Magyar Hírlap said. The bank has so far invested 2.7 billion euros in 170 projects in the country, Antal Nikoletti, member of the board representing Hungary at the London-based credit institution, noted. EBRD investments in Hungary are expected ...
Standard & Poor’s Affirmed Hungary’s Credit Rating
- 22 Sep 2015 9:01 AM
- business
The agency maintained the country’s rating with stable outlook. In the analysis accompanying the decision, S&P stressed that that Hungarian labour force was well educated and competitive, and the export structure was balanced. Improving domestic consumption, declining unemployment, the utilization of EU funds and the central bank’s lending programme have also driven economic growth.
Over 100,000 Hungarian Stuck With FX Loans
- 8 May 2015 9:00 AM
- business
An estimated 182,000 foreign-currency debtors can not pay back their loans, of whom 100,000 are not helped by the conversion of foreign-currency mortgage loans or other state assistance, MNB deputy governor Ádám Balog announced at a Thursday conference.
Positive Economic Outlook Key To Construction Sector Upswing In Hungary
- 6 May 2015 9:00 AM
- property
The major improvement in Hungary’s economic outlook has led to the emergence of the real estate market and construction sector from the doldrums, Economy Minister Mihály Varga told a conference. The construction sector can only add new real estate in places where there is confidence about the future of the economy, Varga told the conference organised by business daily Napi Gazdaság, adding that ...
Xpat Opinion: Unorthodox Hungarian Policies Suddenly Applauded?
- 26 Jan 2015 8:00 AM
- current affairs
A leading pro-government journalist quotes international comments in praise of PM Orbán, for deciding to convert mortgages denominated in foreign currencies before the surge of the Swiss Franc. The move helped hundreds of thousands of households avert catastrophic losses.
EC: Hungary On Track For Deficit Target, Not On Debt
- 3 Dec 2014 8:00 AM
- business
The European Commission said Hungary is “on track” to achieving this year’s deficit target of 2.9% of gross domestic product (GDP), but added that state debt is “not yet on a firm downward path” in a memo following a postprogramme surveillance mission to the country. The EC said that the projected pace of debt reduction “appears at risk of breaching the requirements of the Stability and Growth ...
Moody’s Upgrades Hungary’s Banking System Outlook To Positive
- 30 Jun 2016 9:00 AM
- business
Ratings agency Moody’s Investors Service upgraded the outlook of Hungary’s banking system to positive, the rating agency said today in a report entitled “Banking System Outlook - Hungary”. Moodyʼs noted, however, that government support for banks in the EU, including Hungary, is less certain under the provisions of the EUʼs Bank Recovery and Resolution Directive.
Majority Of Hungarians Planning Summer Vacations
- 17 Jun 2016 7:00 AM
- travel
As many as two-thirds of Hungarians surveyed said they will take a summer vacation this year, up from 48% a year ago, according to a survey conducted by Budapest Bank, Hungarian News Agency MTI reported today.
Moody’s: Improved Employment, Higher Real Wages Positive For Banks
- 31 May 2016 9:00 AM
- business
Lower unemployment, higher employment and rising real wages should positively impact Hungary’s banking sector, ratings agency Moody’s said in an analysis. Higher real wages is credit positive for banks because it enhances households’ ability to service their bank loans and will help reduce banks’ nonperforming retail loans.
Hungary Not At Risk, Says EBRD
- 21 Dec 2015 8:00 AM
- business
The European Bank for Reconstruction and Development has said that there is no risk in connection with Hungary as far as the bank is concerned, the daily Magyar Hírlap said. The bank has so far invested 2.7 billion euros in 170 projects in the country, Antal Nikoletti, member of the board representing Hungary at the London-based credit institution, noted. EBRD investments in Hungary are expected ...
Standard & Poor’s Affirmed Hungary’s Credit Rating
- 22 Sep 2015 9:01 AM
- business
The agency maintained the country’s rating with stable outlook. In the analysis accompanying the decision, S&P stressed that that Hungarian labour force was well educated and competitive, and the export structure was balanced. Improving domestic consumption, declining unemployment, the utilization of EU funds and the central bank’s lending programme have also driven economic growth.
Over 100,000 Hungarian Stuck With FX Loans
- 8 May 2015 9:00 AM
- business
An estimated 182,000 foreign-currency debtors can not pay back their loans, of whom 100,000 are not helped by the conversion of foreign-currency mortgage loans or other state assistance, MNB deputy governor Ádám Balog announced at a Thursday conference.
Positive Economic Outlook Key To Construction Sector Upswing In Hungary
- 6 May 2015 9:00 AM
- property
The major improvement in Hungary’s economic outlook has led to the emergence of the real estate market and construction sector from the doldrums, Economy Minister Mihály Varga told a conference. The construction sector can only add new real estate in places where there is confidence about the future of the economy, Varga told the conference organised by business daily Napi Gazdaság, adding that ...
Xpat Opinion: Unorthodox Hungarian Policies Suddenly Applauded?
- 26 Jan 2015 8:00 AM
- current affairs
A leading pro-government journalist quotes international comments in praise of PM Orbán, for deciding to convert mortgages denominated in foreign currencies before the surge of the Swiss Franc. The move helped hundreds of thousands of households avert catastrophic losses.
EC: Hungary On Track For Deficit Target, Not On Debt
- 3 Dec 2014 8:00 AM
- business
The European Commission said Hungary is “on track” to achieving this year’s deficit target of 2.9% of gross domestic product (GDP), but added that state debt is “not yet on a firm downward path” in a memo following a postprogramme surveillance mission to the country. The EC said that the projected pace of debt reduction “appears at risk of breaching the requirements of the Stability and Growth ...