189 result(s) for june in Business
Zsolnay Repays Debt, Requests End Of Liquidation
- 9 Aug 2016 9:00 AM
- business
Bachar Najari, the majority owner Hungarian porcelain maker Zsolnay, on Wednesday repaid all of its debts owed to West Hungaria Bau, and asked the Zalaegerszeg court yesterday to immediately terminate a liquidation procedure against the company and to end the custodial oversight of Zsolnay, the company said in a statement.
CIB H1 Profit Reaches HUF 12.9 Bln
- 9 Aug 2016 9:00 AM
- business
The Italian-owned CIB Group had after-tax profit of HUF 12.9 bln in the first half, a huge improvement over a HUF 20.9 bln loss in the corresponding period of 2015, the lender revealed Monday.
Hungary Jobless Rate Falls To 5.1 Pc In April - June
- 2 Aug 2016 9:00 AM
- business
Hungary’s rolling three-quarter jobless rate fell to 5.1 percent in April-June, the Central Statistical Office (KSH) said on Thursday. The rate, which covers unemployment among 15- to 74-year-olds, was down from 5.5 percent in March-May and 6.9 percent in the same period a year earlier. In absolute terms, there were 234,100 unemployed in Hungary in April-June.
GKI: Business, Consumer Confidence Improve In July
- 26 Jul 2016 9:00 AM
- business
GKI’s combined gauge of consumer and business confidence stood at 0.0 points in July, up from -3.7 points in the previous month. The business confidence index rose to 5.6 points from 1.7 points as sentiment improved in industry and services but deteriorated in construction and trade. Industrial companies’ assessment improved in terms of output, order stock -- including export orders -- and ...
Budget Shortfall HUF 402.1BN In H1, 52.8% Of Full -Year Target
- 8 Jul 2016 9:00 AM
- business
Hungary’s cash-flow-based budget deficit, excluding local councils, was 402.1 billion forints (EUR 1.3bn) in the first six months of 2016, according to a first reading of data released by the Economy Ministry. The deficit reached 52.8% of the 761.6 billion forint full year target. In June alone, the general government ran a 388.9 billion forint deficit, up from 312.2 billion forints a year ...
Official: Hungary Should Speed Up EU Funding Transfers In Light Of Brexit
- 4 Jul 2016 9:00 AM
- business
Hungary should speed up its drawdowns on European Union funding in light of Brexit, an official at the Human Resources Ministry said in Saturday’s issue of daily Magyar Idők.
NBH Scandal – Central Bank Foundations Fined For Dodging Public Procurement Rules
- 30 Jun 2016 9:00 AM
- business
The Public Procurement Board (KDB) established that the public procurement law is applicable to the Pallas Athene Foundations which were established by the National Bank of Hungary (NBH), and fined the six foundations 200,000 forints (EUR 630) each, the foundations said in a press release on Wednesday.
NBH: Hungary Prepared For Brexit Effects
- 25 Jun 2016 9:00 AM
- business
The National Bank of Hungary (NBH) has prepared for both outcomes of the British vote on European Union membership, NBH managing director Dániel Palotai told MTI after UK voters decided to leave to bloc at a referendum. “We continuously monitor the reactions of financial markets,” Palotai said on the sidelines of a conference. “We have all the necessary tools to ensure financial stability,” he ...
Moody’s Puts FHB On Review For Downgrade
- 23 Jun 2016 9:00 AM
- business
Moody’s Investors Service has placed FHB Mortgage Bank’s baseline credit assessment, long-term deposit ratings and long-term counterparty risk assessment under review for downgrade. “This rating action reflects the increased risks to the bank’s solvency and business prospects following continued sizable losses during Q1 2016 as well as the recent measures taken by the Hungarian authorities, ...
Zsolnay Repays Debt, Requests End Of Liquidation
- 9 Aug 2016 9:00 AM
- business
Bachar Najari, the majority owner Hungarian porcelain maker Zsolnay, on Wednesday repaid all of its debts owed to West Hungaria Bau, and asked the Zalaegerszeg court yesterday to immediately terminate a liquidation procedure against the company and to end the custodial oversight of Zsolnay, the company said in a statement.
CIB H1 Profit Reaches HUF 12.9 Bln
- 9 Aug 2016 9:00 AM
- business
The Italian-owned CIB Group had after-tax profit of HUF 12.9 bln in the first half, a huge improvement over a HUF 20.9 bln loss in the corresponding period of 2015, the lender revealed Monday.
Hungary Jobless Rate Falls To 5.1 Pc In April - June
- 2 Aug 2016 9:00 AM
- business
Hungary’s rolling three-quarter jobless rate fell to 5.1 percent in April-June, the Central Statistical Office (KSH) said on Thursday. The rate, which covers unemployment among 15- to 74-year-olds, was down from 5.5 percent in March-May and 6.9 percent in the same period a year earlier. In absolute terms, there were 234,100 unemployed in Hungary in April-June.
GKI: Business, Consumer Confidence Improve In July
- 26 Jul 2016 9:00 AM
- business
GKI’s combined gauge of consumer and business confidence stood at 0.0 points in July, up from -3.7 points in the previous month. The business confidence index rose to 5.6 points from 1.7 points as sentiment improved in industry and services but deteriorated in construction and trade. Industrial companies’ assessment improved in terms of output, order stock -- including export orders -- and ...
Budget Shortfall HUF 402.1BN In H1, 52.8% Of Full -Year Target
- 8 Jul 2016 9:00 AM
- business
Hungary’s cash-flow-based budget deficit, excluding local councils, was 402.1 billion forints (EUR 1.3bn) in the first six months of 2016, according to a first reading of data released by the Economy Ministry. The deficit reached 52.8% of the 761.6 billion forint full year target. In June alone, the general government ran a 388.9 billion forint deficit, up from 312.2 billion forints a year ...
Official: Hungary Should Speed Up EU Funding Transfers In Light Of Brexit
- 4 Jul 2016 9:00 AM
- business
Hungary should speed up its drawdowns on European Union funding in light of Brexit, an official at the Human Resources Ministry said in Saturday’s issue of daily Magyar Idők.
NBH Scandal – Central Bank Foundations Fined For Dodging Public Procurement Rules
- 30 Jun 2016 9:00 AM
- business
The Public Procurement Board (KDB) established that the public procurement law is applicable to the Pallas Athene Foundations which were established by the National Bank of Hungary (NBH), and fined the six foundations 200,000 forints (EUR 630) each, the foundations said in a press release on Wednesday.
NBH: Hungary Prepared For Brexit Effects
- 25 Jun 2016 9:00 AM
- business
The National Bank of Hungary (NBH) has prepared for both outcomes of the British vote on European Union membership, NBH managing director Dániel Palotai told MTI after UK voters decided to leave to bloc at a referendum. “We continuously monitor the reactions of financial markets,” Palotai said on the sidelines of a conference. “We have all the necessary tools to ensure financial stability,” he ...
Moody’s Puts FHB On Review For Downgrade
- 23 Jun 2016 9:00 AM
- business
Moody’s Investors Service has placed FHB Mortgage Bank’s baseline credit assessment, long-term deposit ratings and long-term counterparty risk assessment under review for downgrade. “This rating action reflects the increased risks to the bank’s solvency and business prospects following continued sizable losses during Q1 2016 as well as the recent measures taken by the Hungarian authorities, ...