163 result(s) for len in Business
Markets Will Be Quick To Punish Any Expansionary Budget Policy In Hungary
- 17 May 2010 4:00 AM
- business
"Hungary’s currency and bonds may weaken on investor concern the new government will widen the budget deficit as the Greek crisis pushes the European Union to cap shortfalls, Bloomberg reported on Friday, citing analysts, who warned that the market will be quick to punish any expansionary budget policy.
Hungay GDP Surprises On The Upside In Q1
- 13 May 2010 2:00 AM
- business
"While analysts’ forecasts for Hungary’s first-quarter GDP ranged between 0% and -3.0% in a Portfolio.hu poll, the economy grew by 0.1% year on year (raw figure) and by 0.2%, adjusted for calendar effects, the Central Statistics Office (KSH) has reported on Wednesday. The joint KSH-Ecostat estimate showed a q/q GDP growth of 0.9% in January-March, up from 0.2% in Q4 2009.
Hungary Matolcsy Would Like To See The Entire Monetary Council Go
- 12 May 2010 4:00 AM
- business
"Hungary’s Economy Minister-designate György Matolcsy said members of the central bank’s (NBH) Monetary Council should resign for the mistakes they have made over the past seven years. In an interview with local daily Népszabadság he also said he was dissatisfied in general with the work of all financial regulatory institutions, including markets watchdog PSZÁF.
Fitch Sees Crisis Delaying Eastern European Euro Adoption
- 7 May 2010 5:00 AM
- business
"The global financial crisis has caused a further setback to euro adoption timetables in most EU member states in central and eastern Europe (CEE), owing to a marked widening of budget deficits and higher sovereign bond spreads, Fitch Ratings has said in a new report on Thursday. The exception, in the rating agency’s view, is Estonia, which Fitch expects to join the euro area in January 2011.
Hungary Fidesz Will Cut Taxes, Talk With IMF On Deficit Plans This Year
- 27 Apr 2010 4:00 AM
- business
"Hungary’s Fidesz, which won a two-thirds legislative majority on Sunday, will make amendments to tax laws in the course of 2010, but sweeping changes will be implemented only later, said Fidesz President Viktor Orbán on Monday. The next Hungarian Prime Minister told a press conference he was hopeful that Fidesz would be able to agree with the International Monetary Fund (IMF) about a new deficit ...
Hungary's Forint Leans Towards Strenghtening Amidst Lighter Global Mood
- 21 Apr 2010 5:00 AM
- business
"Global investor sentiment is on the mend, which has lent some momentum to Hungary’s forint against the euro, as well. The international macro calendar is relatively empty therefore US corporate earnings reports and the economic/financial implications of the Icelandic volcano eruption are prone to affect investors’ mood today.
EU May Ease State Aid Rules To Offset Airline Losses
- 20 Apr 2010 5:00 AM
- business
"light bans triggered by a volcanic eruption in Iceland are being lifted all over Europe. Hungary has first called off overflight restrictions above 7,500 metres (24,000 feet) and then suspended general no-fly regulations at noon today. In the meantime, economists have warned that air travel disruption depends entirely on how long the eruption of the Eyjafjallajökull Volcano and the dispersion of ...
Credigen Bank Withdraws From Hungary
- 12 Apr 2010 3:00 AM
- business
"Credigen Bank, the Hungarian consumer finance unit of French Sofinco, has terminated its activities in Hungary. A major player on the local consumer loan market, it will complete collecting its outstanding debt and then withdraw from Hungary altogether, the bank confirmed to local news portal index.hu. It has contracts with such large retail chains as Tesco, Media Markt, Saturn and Extreme ...
JPmorgan Sees Hungary's Forint At 250 vs EUR By End-2011
- 22 Mar 2010 1:00 AM
- business
"Hungary’s forint could firm to 250 versus the euro by the end of 2011, and the country is likely to be the first in the region to join the euro zone, JPMorgan projected in its latest quarterly research note on Friday. While JPMorgan’s analysts expect the Hungarian economy to grow by 0.5% this year, UBS is less upbeat, forecasting a 0.5% GDP contraction.
Markets Will Be Quick To Punish Any Expansionary Budget Policy In Hungary
- 17 May 2010 4:00 AM
- business
"Hungary’s currency and bonds may weaken on investor concern the new government will widen the budget deficit as the Greek crisis pushes the European Union to cap shortfalls, Bloomberg reported on Friday, citing analysts, who warned that the market will be quick to punish any expansionary budget policy.
Hungay GDP Surprises On The Upside In Q1
- 13 May 2010 2:00 AM
- business
"While analysts’ forecasts for Hungary’s first-quarter GDP ranged between 0% and -3.0% in a Portfolio.hu poll, the economy grew by 0.1% year on year (raw figure) and by 0.2%, adjusted for calendar effects, the Central Statistics Office (KSH) has reported on Wednesday. The joint KSH-Ecostat estimate showed a q/q GDP growth of 0.9% in January-March, up from 0.2% in Q4 2009.
Hungary Matolcsy Would Like To See The Entire Monetary Council Go
- 12 May 2010 4:00 AM
- business
"Hungary’s Economy Minister-designate György Matolcsy said members of the central bank’s (NBH) Monetary Council should resign for the mistakes they have made over the past seven years. In an interview with local daily Népszabadság he also said he was dissatisfied in general with the work of all financial regulatory institutions, including markets watchdog PSZÁF.
Fitch Sees Crisis Delaying Eastern European Euro Adoption
- 7 May 2010 5:00 AM
- business
"The global financial crisis has caused a further setback to euro adoption timetables in most EU member states in central and eastern Europe (CEE), owing to a marked widening of budget deficits and higher sovereign bond spreads, Fitch Ratings has said in a new report on Thursday. The exception, in the rating agency’s view, is Estonia, which Fitch expects to join the euro area in January 2011.
Hungary Fidesz Will Cut Taxes, Talk With IMF On Deficit Plans This Year
- 27 Apr 2010 4:00 AM
- business
"Hungary’s Fidesz, which won a two-thirds legislative majority on Sunday, will make amendments to tax laws in the course of 2010, but sweeping changes will be implemented only later, said Fidesz President Viktor Orbán on Monday. The next Hungarian Prime Minister told a press conference he was hopeful that Fidesz would be able to agree with the International Monetary Fund (IMF) about a new deficit ...
Hungary's Forint Leans Towards Strenghtening Amidst Lighter Global Mood
- 21 Apr 2010 5:00 AM
- business
"Global investor sentiment is on the mend, which has lent some momentum to Hungary’s forint against the euro, as well. The international macro calendar is relatively empty therefore US corporate earnings reports and the economic/financial implications of the Icelandic volcano eruption are prone to affect investors’ mood today.
EU May Ease State Aid Rules To Offset Airline Losses
- 20 Apr 2010 5:00 AM
- business
"light bans triggered by a volcanic eruption in Iceland are being lifted all over Europe. Hungary has first called off overflight restrictions above 7,500 metres (24,000 feet) and then suspended general no-fly regulations at noon today. In the meantime, economists have warned that air travel disruption depends entirely on how long the eruption of the Eyjafjallajökull Volcano and the dispersion of ...
Credigen Bank Withdraws From Hungary
- 12 Apr 2010 3:00 AM
- business
"Credigen Bank, the Hungarian consumer finance unit of French Sofinco, has terminated its activities in Hungary. A major player on the local consumer loan market, it will complete collecting its outstanding debt and then withdraw from Hungary altogether, the bank confirmed to local news portal index.hu. It has contracts with such large retail chains as Tesco, Media Markt, Saturn and Extreme ...
JPmorgan Sees Hungary's Forint At 250 vs EUR By End-2011
- 22 Mar 2010 1:00 AM
- business
"Hungary’s forint could firm to 250 versus the euro by the end of 2011, and the country is likely to be the first in the region to join the euro zone, JPMorgan projected in its latest quarterly research note on Friday. While JPMorgan’s analysts expect the Hungarian economy to grow by 0.5% this year, UBS is less upbeat, forecasting a 0.5% GDP contraction.