997 result(s) for hungarian national bank
Hungarian National Bank Outlaws Asset Manager
- 19 Oct 2015 9:00 AM
- business
The MNB has banned the activities of asset manager Riches Builder and Seychelles-registered Riches Builder Investment and fined them Ft 338 million for collecting deposits without a licence. The two companies promised outstandingly high yields and repayment guarantees. An aggravating factor in the case was that the companies did not co-operate fully with the MNB during the investigation. The ...
Hungarian Forint Liquidity Of Banking Sector Falls In Sept
- 13 Oct 2015 9:00 AM
- business
Forint liquidity of Hungary’s banking sector fell in September from a month earlier, reflected mainly in the lower average stocks of two-week central bank deposits, the National Bank of Hungary said in a report. The average stock of two-week deposits decreased by 241.8 billion forints to 4,290 billion, the report based on preliminary data shows. The average stock of external assets fell by 350 ...
Hungarian Tax Authority Uncovers Intl Money Laundering, Cigarette Smuggling Operation
- 13 Oct 2015 5:34 AM
- business
Hungary’s tax and customs authority (NAV) said on Tuesday that it is investigating an international money laundering and cigarette smuggling operation, and it has so far apprehended 33 suspects. Vietnamese and Egyptian nationals based in Budapest are suspected of directing the transfer of euros acquired in crimes committed in Europe first to Hungary and then to Slovakia.
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 ...
Govt Office Chief Presses For National Infrastructure Development Programme
- 1 Oct 2015 5:24 AM
- business
Government office chief János Lázár urged the launch of a national infrastructure development programme, speaking at a conference organised by Portfolio.hu. The development programme will be used to fund the roughly 100 Hungarian companies that do not count as small and medium-sized firms and are thus not eligible for EU funds.
National Bank Of Hungary Revamps HUF 20,000 Banknote
- 25 Sep 2015 6:00 AM
- business
The National Bank of Hungary (NBH) is issuing a reworked version of the 20,000 forint banknote. The new version will have a different colour scheme, with multiple colours on the front of the note giving an overall blueish-green tone. The size of the banknote will remain the same and it will still portray Ferenc Deák, Hungarian politician and statesman from the 19th century.
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.
You Can Help Migrants Via Expat Pub's 'Refugee Aid Caledonia'
- 10 Sep 2015 1:20 AM
- community & culture
Patrick McMenamin and Zsuzsa Bozo, owners of the Caledonia Pub in Budapest, contacted XpatLoop.com about promoting their new 'Refugee Aid' project saying, "We are delighted to announce that The Robert Burns International Foundation here in Budapest have agreed to support our efforts to raise much needed funds by providing us with a bank account to accept donations specifically for this cause."
Xpat Opinion: Toward A Police State In Hungary?
- 8 Sep 2015 1:00 AM
- current affairs
It’s time to take a quick look at the amendments to existing laws on the army and the police that, in Viktor Orbán’s words, will start a new era in Hungary. The projected date of this new beginning is September 15–that is, if Fidesz-KDNP has its way and four-fifths of MPs present vote for the extended use of the army and the police in the border regions and elsewhere.
Hungarian National Bank Outlaws Asset Manager
- 19 Oct 2015 9:00 AM
- business
The MNB has banned the activities of asset manager Riches Builder and Seychelles-registered Riches Builder Investment and fined them Ft 338 million for collecting deposits without a licence. The two companies promised outstandingly high yields and repayment guarantees. An aggravating factor in the case was that the companies did not co-operate fully with the MNB during the investigation. The ...
Hungarian Forint Liquidity Of Banking Sector Falls In Sept
- 13 Oct 2015 9:00 AM
- business
Forint liquidity of Hungary’s banking sector fell in September from a month earlier, reflected mainly in the lower average stocks of two-week central bank deposits, the National Bank of Hungary said in a report. The average stock of two-week deposits decreased by 241.8 billion forints to 4,290 billion, the report based on preliminary data shows. The average stock of external assets fell by 350 ...
Hungarian Tax Authority Uncovers Intl Money Laundering, Cigarette Smuggling Operation
- 13 Oct 2015 5:34 AM
- business
Hungary’s tax and customs authority (NAV) said on Tuesday that it is investigating an international money laundering and cigarette smuggling operation, and it has so far apprehended 33 suspects. Vietnamese and Egyptian nationals based in Budapest are suspected of directing the transfer of euros acquired in crimes committed in Europe first to Hungary and then to Slovakia.
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 ...
Govt Office Chief Presses For National Infrastructure Development Programme
- 1 Oct 2015 5:24 AM
- business
Government office chief János Lázár urged the launch of a national infrastructure development programme, speaking at a conference organised by Portfolio.hu. The development programme will be used to fund the roughly 100 Hungarian companies that do not count as small and medium-sized firms and are thus not eligible for EU funds.
National Bank Of Hungary Revamps HUF 20,000 Banknote
- 25 Sep 2015 6:00 AM
- business
The National Bank of Hungary (NBH) is issuing a reworked version of the 20,000 forint banknote. The new version will have a different colour scheme, with multiple colours on the front of the note giving an overall blueish-green tone. The size of the banknote will remain the same and it will still portray Ferenc Deák, Hungarian politician and statesman from the 19th century.
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.
You Can Help Migrants Via Expat Pub's 'Refugee Aid Caledonia'
- 10 Sep 2015 1:20 AM
- community & culture
Patrick McMenamin and Zsuzsa Bozo, owners of the Caledonia Pub in Budapest, contacted XpatLoop.com about promoting their new 'Refugee Aid' project saying, "We are delighted to announce that The Robert Burns International Foundation here in Budapest have agreed to support our efforts to raise much needed funds by providing us with a bank account to accept donations specifically for this cause."
Xpat Opinion: Toward A Police State In Hungary?
- 8 Sep 2015 1:00 AM
- current affairs
It’s time to take a quick look at the amendments to existing laws on the army and the police that, in Viktor Orbán’s words, will start a new era in Hungary. The projected date of this new beginning is September 15–that is, if Fidesz-KDNP has its way and four-fifths of MPs present vote for the extended use of the army and the police in the border regions and elsewhere.