1,138 result(s) for hungary central bank
Third Of Hungarians Spend Savings On Christmas Gifts, Survey Reveals
- 10 Dec 2015 8:00 AM
- shopping
Technical devices are still the most popular Christmas gifts in Hungary, economic news portal vg.hu said in its latest market roundup. According to a recent survey conducted by K&H Bank, Hungarians spend 43 thousand forints (approx. €140) on average during Christmas shopping season, including 29 thousand forints spent on gifts and presents.
Pákh Appeals Against Hungarian Heritage Centre’s Decision On ‘Golgotha’ Painting
- 7 Dec 2015 8:00 AM
- community & culture
Imre Pákh, the New York-based art collector of Hungarian origin who owns Mihály Munkácsy’s 19th century painting “Golgotha” - currently on loan to Hungary -- has submitted an appeal against the decision which prevents the landmark painting’s removal from the country, daily Magyar Idők said. The Forster Gyula National Heritage and Asset Management Centre has added two paintings in Munkácsy’s ...
Hungarian Government Office Chief Lázár Praises Tusk, Condemns Soros
- 4 Dec 2015 8:00 AM
- current affairs
The government office chief welcomed European Council President Donald Tusk’s demand for measures to stanch the wave of migrants. Meanwhile, Lázár claimed that a civil organisation sponsored by Hungarianborn financier George Soros has launched a signature campaign against Hungary, saying that it is hard to understand what the Hungarianborn US businessman’s problem with his home country is.
City: Hungary Could Return To Investment Grade In 2016
- 1 Dec 2015 8:00 AM
- current affairs
Hungary is set to regain investment grade status next year, and the central bank is likely to embark on a new rate cutting cycle, London-based emerging markets economists said. In a report outlining its revised 2016 forecasts for emerging markets, released to clients in London, Morgan Stanley said that “credit upgrades are overdue” and Hungary will regain its investment grade rating with at least ...
Hungary Investment Volume Drops 3.4% In Q3
- 26 Nov 2015 12:00 AM
- business
Investment volume in Hungary was down by an annual 3.4% in the third quarter after rising by 5.7% in the second and falling by 3.9% in the first quarter, the Central Statistical Office (KSH) said. Third-quarter investments fell in all sectors with the exception of the property as well as business and the public administration, social insurance and defence sectors. In the latter sector, ...
Reactions To Quaestor Compensation Law In Hungary
- 18 Nov 2015 8:00 AM
- business
Hungary’s ruling Fidesz party said the Constitutional Court’s decision to axe parts of a law on compensation for investors of failed brokerage Quaestor served the interests of the banking sector, while opposition parties once again called on the government and central bank to take responsibility for the scandal. Tuesday’s Constitutional Court ruling concerns the law governing a top-up fund which ...
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 ...
NBH Governor: Hungary Sees Price, Financial Stability Since 2013
- 5 Nov 2015 8:00 AM
- business
Hungary has enjoyed price and financial stability since 2013, when changes got under way at the central bank, the bank’s governor, György Matolcsy, said. Addressing lawmakers in parliament in a debate of the bank’s 2012, 2013 and 2014 business reports, Matolcsy said the bank’s new leadership in place since March 2013 had returned to a “responsible, conservative, but creatively functioning” path ...
National Bank of Hungary To Launch Growth Supporting Programme
- 4 Nov 2015 8:00 AM
- business
The National Bank of Hungary will launch a Growth Supporting Programme (GSP) in January with the aim of increasing the banking sector’s lending to small and medium-sized firms by 250-400 billion forints, or 5-10% of total corporate lending stock, in 2016. The GSP comprises the final phase of the NBH’s Funding for Growth Scheme (FGS) as well as a package of incentives for active lenders dubbed the ...
Third Of Hungarians Spend Savings On Christmas Gifts, Survey Reveals
- 10 Dec 2015 8:00 AM
- shopping
Technical devices are still the most popular Christmas gifts in Hungary, economic news portal vg.hu said in its latest market roundup. According to a recent survey conducted by K&H Bank, Hungarians spend 43 thousand forints (approx. €140) on average during Christmas shopping season, including 29 thousand forints spent on gifts and presents.
Pákh Appeals Against Hungarian Heritage Centre’s Decision On ‘Golgotha’ Painting
- 7 Dec 2015 8:00 AM
- community & culture
Imre Pákh, the New York-based art collector of Hungarian origin who owns Mihály Munkácsy’s 19th century painting “Golgotha” - currently on loan to Hungary -- has submitted an appeal against the decision which prevents the landmark painting’s removal from the country, daily Magyar Idők said. The Forster Gyula National Heritage and Asset Management Centre has added two paintings in Munkácsy’s ...
Hungarian Government Office Chief Lázár Praises Tusk, Condemns Soros
- 4 Dec 2015 8:00 AM
- current affairs
The government office chief welcomed European Council President Donald Tusk’s demand for measures to stanch the wave of migrants. Meanwhile, Lázár claimed that a civil organisation sponsored by Hungarianborn financier George Soros has launched a signature campaign against Hungary, saying that it is hard to understand what the Hungarianborn US businessman’s problem with his home country is.
City: Hungary Could Return To Investment Grade In 2016
- 1 Dec 2015 8:00 AM
- current affairs
Hungary is set to regain investment grade status next year, and the central bank is likely to embark on a new rate cutting cycle, London-based emerging markets economists said. In a report outlining its revised 2016 forecasts for emerging markets, released to clients in London, Morgan Stanley said that “credit upgrades are overdue” and Hungary will regain its investment grade rating with at least ...
Hungary Investment Volume Drops 3.4% In Q3
- 26 Nov 2015 12:00 AM
- business
Investment volume in Hungary was down by an annual 3.4% in the third quarter after rising by 5.7% in the second and falling by 3.9% in the first quarter, the Central Statistical Office (KSH) said. Third-quarter investments fell in all sectors with the exception of the property as well as business and the public administration, social insurance and defence sectors. In the latter sector, ...
Reactions To Quaestor Compensation Law In Hungary
- 18 Nov 2015 8:00 AM
- business
Hungary’s ruling Fidesz party said the Constitutional Court’s decision to axe parts of a law on compensation for investors of failed brokerage Quaestor served the interests of the banking sector, while opposition parties once again called on the government and central bank to take responsibility for the scandal. Tuesday’s Constitutional Court ruling concerns the law governing a top-up fund which ...
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 ...
NBH Governor: Hungary Sees Price, Financial Stability Since 2013
- 5 Nov 2015 8:00 AM
- business
Hungary has enjoyed price and financial stability since 2013, when changes got under way at the central bank, the bank’s governor, György Matolcsy, said. Addressing lawmakers in parliament in a debate of the bank’s 2012, 2013 and 2014 business reports, Matolcsy said the bank’s new leadership in place since March 2013 had returned to a “responsible, conservative, but creatively functioning” path ...
National Bank of Hungary To Launch Growth Supporting Programme
- 4 Nov 2015 8:00 AM
- business
The National Bank of Hungary will launch a Growth Supporting Programme (GSP) in January with the aim of increasing the banking sector’s lending to small and medium-sized firms by 250-400 billion forints, or 5-10% of total corporate lending stock, in 2016. The GSP comprises the final phase of the NBH’s Funding for Growth Scheme (FGS) as well as a package of incentives for active lenders dubbed the ...