42 result(s) for laws in hungary in Business
Moody’s Downgrades Hungary’s Erste, FHB Banks
- 13 Aug 2014 3:00 AM
- business
Moody’s Investors Service downgraded the deposit ratings of Erste Bank Hungary and FHB Mortgage Bank both to B3 from B2 on Tuesday, the ratings agency announced. Moody’s maintained the negative outlook for both banks, citing “increased risk of losses” resulting from recently adopted borrowers’ relief legislation and “ongoing negative pressure on...financial fundamentals”.
Hungarian Banks Required To Prove Fairness Of FX Contracts
- 31 Jul 2014 11:00 AM
- business
From now on banks will be required to prove that their procedures in forex lending have been straightforward, under a law which took effect last Saturday. Lawsuits initiated by borrowers against their banks before the supreme court passed its decision of legal unity have been suspended.
Foreign Currency Loans To Be Eliminated From The Hungarian Market By End Of 2014
- 8 Jul 2014 10:00 AM
- business
Foreign-currency denominated loans will be eliminated from Hungary's lending market by way of converting them to forint loans before the end of this year, Minister of National Economy Mihály Varga told public media on Monday. Based on a Supreme Court ruling, deeming the rate spread applied to foreign currency loan constructions unfair, Parliament adopted on Friday a bailout package. According to ...
Xpat Opinion: Finding A Job In Hungary
- 20 Feb 2014 10:40 AM
- business
If you are an expat residing in, or considering relocating to Hungary, it can be daunting when starting to look for employment. Listed below are some helpful tips on how to search for jobs in Hungary, as well as some additional information on employee contracts to help you acclimatize to your new lifestyle.
Hungarian MOL Shareholder Sues CEO Hernádi
- 9 Dec 2013 8:00 AM
- business
MOL’s former top legal advisor has filed a lawsuit against chairman and CEO Zsolt Hernádi, alleging that the value of her MOL shares has suffered because of allegations that Hernádi bribed Croatian officials in order to obtain controlling rights over energy company INA.
Hungary’s Tax Package For 2014 Includes New Tax On Banks And Sugary Drinks
- 24 Oct 2013 9:00 AM
- business
While 250 000 new families are happy with the extended family tax credits and small businesses are satisfied with the support they will receive, banks are not dancing with joy at the introduction of new tax laws for 2014. The Hungarian government submitted next year’s tax package to the Parliament last week, which includes just a few drastic, but several minor changes.
Ukraine Grateful For Hungary’s Assistance In Resolving Gas Supply Issues
- 29 Mar 2013 8:00 AM
- business
Ukraine is also expected to show rapid economic growth in the future, and Hungary would like take part in this development, Hungary's Prime Minister Viktor Orbán said after meeting his Ukrainian counterpart Mikola Yanovych Azarov in Budapest on Thursday.
Hungarian Banks Refuse To Meet Doubravszky
- 6 Mar 2013 8:00 AM
- business
The Bank Association refused to attend a meeting with financial rights ombudsman György Doubravszky on Tuesday, saying there was little sign of adequate preparation. Doubravszky sent a three line proposal on Monday asking the banks to clarify the definition of a foreign-currency loan. The association sent him text of the relevant laws with explanations, said spokeswoman Ágnes Sütõ.
Hungary's PM: No Wage Hikes From Loans
- 2 Aug 2012 9:00 AM
- business
The cabinet is open to the cause of higher pay, but firmly maintains that wages may not be raised nor can a social welfare system be built from loans, Prime Minister Viktor Orban said last week after meeting with Liga unions leader Istvan Gasko and Workers Councils president Imre Palkovics.
Moody’s Downgrades Hungary’s Erste, FHB Banks
- 13 Aug 2014 3:00 AM
- business
Moody’s Investors Service downgraded the deposit ratings of Erste Bank Hungary and FHB Mortgage Bank both to B3 from B2 on Tuesday, the ratings agency announced. Moody’s maintained the negative outlook for both banks, citing “increased risk of losses” resulting from recently adopted borrowers’ relief legislation and “ongoing negative pressure on...financial fundamentals”.
Hungarian Banks Required To Prove Fairness Of FX Contracts
- 31 Jul 2014 11:00 AM
- business
From now on banks will be required to prove that their procedures in forex lending have been straightforward, under a law which took effect last Saturday. Lawsuits initiated by borrowers against their banks before the supreme court passed its decision of legal unity have been suspended.
Foreign Currency Loans To Be Eliminated From The Hungarian Market By End Of 2014
- 8 Jul 2014 10:00 AM
- business
Foreign-currency denominated loans will be eliminated from Hungary's lending market by way of converting them to forint loans before the end of this year, Minister of National Economy Mihály Varga told public media on Monday. Based on a Supreme Court ruling, deeming the rate spread applied to foreign currency loan constructions unfair, Parliament adopted on Friday a bailout package. According to ...
Xpat Opinion: Finding A Job In Hungary
- 20 Feb 2014 10:40 AM
- business
If you are an expat residing in, or considering relocating to Hungary, it can be daunting when starting to look for employment. Listed below are some helpful tips on how to search for jobs in Hungary, as well as some additional information on employee contracts to help you acclimatize to your new lifestyle.
Hungarian MOL Shareholder Sues CEO Hernádi
- 9 Dec 2013 8:00 AM
- business
MOL’s former top legal advisor has filed a lawsuit against chairman and CEO Zsolt Hernádi, alleging that the value of her MOL shares has suffered because of allegations that Hernádi bribed Croatian officials in order to obtain controlling rights over energy company INA.
Hungary’s Tax Package For 2014 Includes New Tax On Banks And Sugary Drinks
- 24 Oct 2013 9:00 AM
- business
While 250 000 new families are happy with the extended family tax credits and small businesses are satisfied with the support they will receive, banks are not dancing with joy at the introduction of new tax laws for 2014. The Hungarian government submitted next year’s tax package to the Parliament last week, which includes just a few drastic, but several minor changes.
Ukraine Grateful For Hungary’s Assistance In Resolving Gas Supply Issues
- 29 Mar 2013 8:00 AM
- business
Ukraine is also expected to show rapid economic growth in the future, and Hungary would like take part in this development, Hungary's Prime Minister Viktor Orbán said after meeting his Ukrainian counterpart Mikola Yanovych Azarov in Budapest on Thursday.
Hungarian Banks Refuse To Meet Doubravszky
- 6 Mar 2013 8:00 AM
- business
The Bank Association refused to attend a meeting with financial rights ombudsman György Doubravszky on Tuesday, saying there was little sign of adequate preparation. Doubravszky sent a three line proposal on Monday asking the banks to clarify the definition of a foreign-currency loan. The association sent him text of the relevant laws with explanations, said spokeswoman Ágnes Sütõ.
Hungary's PM: No Wage Hikes From Loans
- 2 Aug 2012 9:00 AM
- business
The cabinet is open to the cause of higher pay, but firmly maintains that wages may not be raised nor can a social welfare system be built from loans, Prime Minister Viktor Orban said last week after meeting with Liga unions leader Istvan Gasko and Workers Councils president Imre Palkovics.