1,045 result(s) for hungary central bank
NBH-Scandal – Jobbik Lambasts Central Bank Governor Over “Financing State”
- 4 May 2016 9:00 AM
- business
The opposition Jobbik party has called on György Matolcsy, governor of the National Bank of Hungary, to resign over recent scandals including purchases of state securities by the central bank’s foundations. Jobbik deputy leader Dániel Z Kárpát told a press conference on Monday that through those purchases the central bank has violated a prohibition of financing state operations, and has ...
Kósa Demands Answers On Alstom Case Involving Former PM
- 29 Apr 2016 9:00 AM
- current affairs
The ruling Fidesz party is calling on the government to release the names of those who were involved in the signing of the Budapest metro contracts with French engineering company Alstom. Alstom has recently been revealed to have transferred more than 597,000 euros to a company owned by the family of former Socialist prime minister Péter Medgyessy.
Hungary Jobless Rate 6.0% In Jan-March
- 29 Apr 2016 9:00 AM
- business
Hungary’s average unemployment rate was 6.0% in January-March, down from 6.1% in the previous three-month period, the Central Statistical Office reported. The unemployment rate was down from 7.8% in the same period a year earlier. The number of unemployed averaged 272,800 in January-March.
Hungarian CBank Cuts Base Rate 15 Bp
- 27 Apr 2016 9:00 AM
- business
Hungarian rate-setters cut the base rate by 15 basis points to 1.05% at a meeting on Tuesday, in line with market expectations. The National Bank of Hungary’s Monetary Council also narrowed its interest rate corridor, a band around the base rate that prevents extreme fluctuations of interbank rates, bringing the overnight collateralised loan rate to 1.30% while keeping the O/N central bank ...
Alstom Paid Former PM’s Company Almost Euro 600,000 In Consulting Fees
- 27 Apr 2016 9:00 AM
- current affairs
French engineering company Alstom transferred more than 597,000 euros to a company owned by the family of Hungary’s former prime minister, Péter Medgyessy, in 2007 and 2008, daily Magyar Idők said. The paper said Alstom transferred 259,000 euros in consulting fees on the basis of a contract with AssistConsult, indirectly owned by Medgyessy and his wife, on March 30, 2007, and another 338,000 ...
Parl CTTEE Approves Changes To CBank Law In Line With Top Court Ruling
- 22 Apr 2016 9:00 AM
- current affairs
Parliament’s legislation committee approved changes to a draft amendment to the central bank law, which aims to bring the legislation in line with a recent top court ruling raising concerns over data secrecy measures. The changes proposed by Erik Bánki, a lawmaker for Fidesz, would remove passages from the law that gave foundations owned by the central bank the right to restrict access to their ...
Hungary’s PM: Orbán: ‘I Am Not A Wealthy Man’
- 12 Apr 2016 9:00 AM
- current affairs
Prime Minister Viktor Orbán said he was not a wealthy man and he did not have a “strawman”, in response to a question by Jobbik in parliament. “I never had a strawman, nor do I have one now or will I ever have one in the future,” Orbán said, responding to a question on whether Lőrinc Mészáros, the mayor of his native Felcsút, was acting as his “front”. Orbán added that he had been a Member of ...
With Rules Tweaked, Demand For Home Purchase Subsidies Grows
- 11 Apr 2016 9:00 AM
- property
The number of applications for newly introduced home purchase subsidies for families with children has grown since February, when rules on the grants and preferential credit were fine-tuned, lenders told MTI. MKB Bank said more than 100 clients have applied for the subsidies, mostly for the purchase of resale homes. But it added that, in many cases, clients had to forgo purchasing the homes they ...
TTIP Could Create 20,000-30,000 Jobs In Hungary
- 7 Apr 2016 9:00 AM
- business
The Transatlantic Trade and Investment Partnership (TTIP), a free trade agreement being negotiated between the United States and the European Union, could create 20,000-30,000 jobs in Hungary, according to participants at a conference organised by the British Embassy in Budapest.
NBH-Scandal – Jobbik Lambasts Central Bank Governor Over “Financing State”
- 4 May 2016 9:00 AM
- business
The opposition Jobbik party has called on György Matolcsy, governor of the National Bank of Hungary, to resign over recent scandals including purchases of state securities by the central bank’s foundations. Jobbik deputy leader Dániel Z Kárpát told a press conference on Monday that through those purchases the central bank has violated a prohibition of financing state operations, and has ...
Kósa Demands Answers On Alstom Case Involving Former PM
- 29 Apr 2016 9:00 AM
- current affairs
The ruling Fidesz party is calling on the government to release the names of those who were involved in the signing of the Budapest metro contracts with French engineering company Alstom. Alstom has recently been revealed to have transferred more than 597,000 euros to a company owned by the family of former Socialist prime minister Péter Medgyessy.
Hungary Jobless Rate 6.0% In Jan-March
- 29 Apr 2016 9:00 AM
- business
Hungary’s average unemployment rate was 6.0% in January-March, down from 6.1% in the previous three-month period, the Central Statistical Office reported. The unemployment rate was down from 7.8% in the same period a year earlier. The number of unemployed averaged 272,800 in January-March.
Hungarian CBank Cuts Base Rate 15 Bp
- 27 Apr 2016 9:00 AM
- business
Hungarian rate-setters cut the base rate by 15 basis points to 1.05% at a meeting on Tuesday, in line with market expectations. The National Bank of Hungary’s Monetary Council also narrowed its interest rate corridor, a band around the base rate that prevents extreme fluctuations of interbank rates, bringing the overnight collateralised loan rate to 1.30% while keeping the O/N central bank ...
Alstom Paid Former PM’s Company Almost Euro 600,000 In Consulting Fees
- 27 Apr 2016 9:00 AM
- current affairs
French engineering company Alstom transferred more than 597,000 euros to a company owned by the family of Hungary’s former prime minister, Péter Medgyessy, in 2007 and 2008, daily Magyar Idők said. The paper said Alstom transferred 259,000 euros in consulting fees on the basis of a contract with AssistConsult, indirectly owned by Medgyessy and his wife, on March 30, 2007, and another 338,000 ...
Parl CTTEE Approves Changes To CBank Law In Line With Top Court Ruling
- 22 Apr 2016 9:00 AM
- current affairs
Parliament’s legislation committee approved changes to a draft amendment to the central bank law, which aims to bring the legislation in line with a recent top court ruling raising concerns over data secrecy measures. The changes proposed by Erik Bánki, a lawmaker for Fidesz, would remove passages from the law that gave foundations owned by the central bank the right to restrict access to their ...
Hungary’s PM: Orbán: ‘I Am Not A Wealthy Man’
- 12 Apr 2016 9:00 AM
- current affairs
Prime Minister Viktor Orbán said he was not a wealthy man and he did not have a “strawman”, in response to a question by Jobbik in parliament. “I never had a strawman, nor do I have one now or will I ever have one in the future,” Orbán said, responding to a question on whether Lőrinc Mészáros, the mayor of his native Felcsút, was acting as his “front”. Orbán added that he had been a Member of ...
With Rules Tweaked, Demand For Home Purchase Subsidies Grows
- 11 Apr 2016 9:00 AM
- property
The number of applications for newly introduced home purchase subsidies for families with children has grown since February, when rules on the grants and preferential credit were fine-tuned, lenders told MTI. MKB Bank said more than 100 clients have applied for the subsidies, mostly for the purchase of resale homes. But it added that, in many cases, clients had to forgo purchasing the homes they ...
TTIP Could Create 20,000-30,000 Jobs In Hungary
- 7 Apr 2016 9:00 AM
- business
The Transatlantic Trade and Investment Partnership (TTIP), a free trade agreement being negotiated between the United States and the European Union, could create 20,000-30,000 jobs in Hungary, according to participants at a conference organised by the British Embassy in Budapest.