1,038 result(s) for loan
Owner Threatens To Remove ‘Golgotha’ From Debrecen, Hungary Museum By Aug 31
- 27 Aug 2015 9:00 AM
- community & culture
Imre Pákh, the New York-based art collector of Hungarian origin who owns Mihály Munkácsy’s “Golgotha” - currently on loan to Hungary - told MTI that he has informed Debrecen’s Déri Museum that he will remove the landmark painting from the museum on Aug. 31. Pákh said the reason for his decision was the National Bank of Hungary’s unwillingness to compromise in order to keep the painting in the ...
LMP: Hungary's MNB Violates Bank Secrecy
- 26 Aug 2015 9:00 AM
- business
LMP will file a complaint against the MNB for violating banking secrets as information about a loan taken by a Magyar Nemzet journalist critical of the central bank has been made public without permission. The MNB said it is demanding a correction from Magyar Nemzet as the journalist’s personal loan, along with “his lack of information and assumed grievances” were behind the false allegations.
Erste Bank Hungary Establishes Mortgage Bank
- 5 Aug 2015 9:00 AM
- business
Erste Bank Hungary on Monday announced the establishment of its own mortgage bank. The company charter has been signed, but the unit still requires the approval of the National Bank of Hungary (NBH). The NBH requires lenders to back at least 15% of their net mortgage loans with long-term liabilities from October 1, 2016, which probably explains Erste Bank Hungary’s motivation.
Pákh Vows To Sue Hungary Over Status Of Painting
- 31 Jul 2015 9:00 AM
- current affairs
Art collector Imre Pákh will go to court if the government follows through on its promise to forbid him from taking the painting Golgotha by 19th-century artist Mihály Munkácsy out of the country, lawyer Gábor Holló told Népszabadság on Thursday. Pákh is willing to sell the work for $9 million, but the government is offering to pay only $6 million.
Ends On 23 August: Art In Transylvania, National Gallery
- 28 Jul 2015 9:04 AM
- community & culture
The exhibition Destiny and Symbol - Hungarian Art in Transylvania 1920-1990 presents the art from this region and period on an unprecedented scale. Instead of an approach based on existing stereotypes, the show introduces the lesser-known, hidden or completely unknown aspects of Transylvanian art. This comprehensive exhibition greatly relies on works loaned from public and private collections in ...
Opposition Parties In Hungary Criticise MNB
- 20 Jul 2015 9:00 AM
- current affairs
The opposition parties expect an explanation from the MNB which last week announced its purchase of the only Titian painting in Hunga-ry for Ft 4.5 billion. LMP said it is outrageous that the central bank has bought the painting Madonna and Child with St. Paul from profits gained by converting foreign-currency loans. The Democratic Coalition recalled that it had complained to the European ...
Hungarian Forint Eases On “Polish Contagion”
- 9 Jul 2015 9:00 AM
- business
The forint was trading at 317.71 to the euro late Wednesday on the interbank forex market, down from 316.91 late Tuesday. At 317.23 to the euro early Wednesday, the forint moved between 316.51 and 318.08, after a fifth more than five-month low within a week at 318.32 on Tuesday evening.
Hungarian Government Is Not Happy About Building A Fence
- 19 Jun 2015 9:00 AM
- current affairs
The Government is not happy about building a fence along the Hungarian-Serbian border, but cannot wait; it must guarantee the security of the country, which includes the protection of its borders, János Lázár, the Minister heading the Prime Minister’s Office said at his press conference „Governmentinfo 13. What does the Government do and why?” held jointly with András Giró-Szász, State Secretary ...
Xpat Opinion: A Cautionary Tale For Hungarian Art Collectors
- 18 Jun 2015 2:30 AM
- community & culture
Hungary’s artwork regulatory agency has declared that Golgota, one of three large paintings depicting the trial and death of Christ by the famous Hungarian painter Mihály Munkácsy on loan to Hungary, may not leave the country. The problem is that the painting is privately owned by a US citizen who agreed to lend it to Hungary on the condition that, should the government wish to purchase it, the ...
Owner Threatens To Remove ‘Golgotha’ From Debrecen, Hungary Museum By Aug 31
- 27 Aug 2015 9:00 AM
- community & culture
Imre Pákh, the New York-based art collector of Hungarian origin who owns Mihály Munkácsy’s “Golgotha” - currently on loan to Hungary - told MTI that he has informed Debrecen’s Déri Museum that he will remove the landmark painting from the museum on Aug. 31. Pákh said the reason for his decision was the National Bank of Hungary’s unwillingness to compromise in order to keep the painting in the ...
LMP: Hungary's MNB Violates Bank Secrecy
- 26 Aug 2015 9:00 AM
- business
LMP will file a complaint against the MNB for violating banking secrets as information about a loan taken by a Magyar Nemzet journalist critical of the central bank has been made public without permission. The MNB said it is demanding a correction from Magyar Nemzet as the journalist’s personal loan, along with “his lack of information and assumed grievances” were behind the false allegations.
Erste Bank Hungary Establishes Mortgage Bank
- 5 Aug 2015 9:00 AM
- business
Erste Bank Hungary on Monday announced the establishment of its own mortgage bank. The company charter has been signed, but the unit still requires the approval of the National Bank of Hungary (NBH). The NBH requires lenders to back at least 15% of their net mortgage loans with long-term liabilities from October 1, 2016, which probably explains Erste Bank Hungary’s motivation.
Pákh Vows To Sue Hungary Over Status Of Painting
- 31 Jul 2015 9:00 AM
- current affairs
Art collector Imre Pákh will go to court if the government follows through on its promise to forbid him from taking the painting Golgotha by 19th-century artist Mihály Munkácsy out of the country, lawyer Gábor Holló told Népszabadság on Thursday. Pákh is willing to sell the work for $9 million, but the government is offering to pay only $6 million.
Ends On 23 August: Art In Transylvania, National Gallery
- 28 Jul 2015 9:04 AM
- community & culture
The exhibition Destiny and Symbol - Hungarian Art in Transylvania 1920-1990 presents the art from this region and period on an unprecedented scale. Instead of an approach based on existing stereotypes, the show introduces the lesser-known, hidden or completely unknown aspects of Transylvanian art. This comprehensive exhibition greatly relies on works loaned from public and private collections in ...
Opposition Parties In Hungary Criticise MNB
- 20 Jul 2015 9:00 AM
- current affairs
The opposition parties expect an explanation from the MNB which last week announced its purchase of the only Titian painting in Hunga-ry for Ft 4.5 billion. LMP said it is outrageous that the central bank has bought the painting Madonna and Child with St. Paul from profits gained by converting foreign-currency loans. The Democratic Coalition recalled that it had complained to the European ...
Hungarian Forint Eases On “Polish Contagion”
- 9 Jul 2015 9:00 AM
- business
The forint was trading at 317.71 to the euro late Wednesday on the interbank forex market, down from 316.91 late Tuesday. At 317.23 to the euro early Wednesday, the forint moved between 316.51 and 318.08, after a fifth more than five-month low within a week at 318.32 on Tuesday evening.
Hungarian Government Is Not Happy About Building A Fence
- 19 Jun 2015 9:00 AM
- current affairs
The Government is not happy about building a fence along the Hungarian-Serbian border, but cannot wait; it must guarantee the security of the country, which includes the protection of its borders, János Lázár, the Minister heading the Prime Minister’s Office said at his press conference „Governmentinfo 13. What does the Government do and why?” held jointly with András Giró-Szász, State Secretary ...
Xpat Opinion: A Cautionary Tale For Hungarian Art Collectors
- 18 Jun 2015 2:30 AM
- community & culture
Hungary’s artwork regulatory agency has declared that Golgota, one of three large paintings depicting the trial and death of Christ by the famous Hungarian painter Mihály Munkácsy on loan to Hungary, may not leave the country. The problem is that the painting is privately owned by a US citizen who agreed to lend it to Hungary on the condition that, should the government wish to purchase it, the ...