130 result(s) for loss in Business
Buda-Cash Investigation Should Target Role Of Central Bank
- 10 Mar 2015 8:00 AM
- business
An investigation into the Buda-Cash brokerage scandal should also examine the role of the central bank, former finance minister János Veres said. “Deficient” regulatory oversight by the central bank under the governing Fidesz party and the bank’s governor György Matolcsy had allowed funds of more than 100,000 clients to disappear.
RTL Group Books Euro 77m Impairment On Hungary Unit
- 6 Mar 2015 8:00 AM
- business
RTL Group recorded 77 million euros of goodwill impairment at its Hungarian unit last year in an earnings report on the back of the “punitive” ad tax that came into effect in August 2014. RTL Hungary had negative EBITDA of 1 million euros last year, compared with a positive 15 million in 2013.
US-Owned Companies Treated Equally With Other Firms, Says Tax Office
- 5 Mar 2015 8:00 AM
- business
US-affiliated companies in Hungary are treated equally with other, non-US, firms, the national tax and customs authority (NAV) said in a report published on the government’s website. The report followed an investigation launched in the wake of press reports suggesting that NAV conducted illegal procedures and in some cases failed to launch procedures causing the central budget VAT-revenue losses ...
NBH Suspends Operating Licence Of Buda-Cash Bróker Ház
- 25 Feb 2015 8:00 AM
- business
The National Bank of Hungary (NBH) as a supervisory authority has suspended with immediate effect the operating licence of brokerage firm Buda-Cash Brókerház and appointed supervisory commissioners because of suspicious cases that have come to its knowledge, the NBH said, adding that it had also filed a criminal complaint with police over the matter.
Hungarian Govt Sticks To Special Taxes But Ready To Consider RTL-Owner’s Opinion
- 2 Feb 2015 8:00 AM
- business
Maintaining the system of special sectoral taxes is a key issue for the Hungarian government though it is ready to consider the opinion of the Bertelsmann Group, which owns television channel RTL Klub, the Government Information Centre (KIK) said, confirming that the two held talks in the past weeks.
Measures On FX Loans Save Hungary HUF 1TR, Says Varga
- 22 Jan 2015 8:00 AM
- business
The government’s measures to shield foreign currency loan-holders have saved Hungary a total of around 1,000 billion forints, the economy minister said. Mihály Varga told public television M1 that since the majority of FX mortgages were denominated in Swiss franc, special attention had been placed on the fluctuation of the currency against the forint.
Raiffeisen Says Hungary Unit Lacks Share Holder Value
- 21 Jan 2015 8:00 AM
- business
Raiffeisen Bank International cannot ignore a lack of profits at its Hungarian operation indefinitely, the Austrian group’s head of corporate business said. The remarks by Peter Lennkh at a Euromoney conference in Vienna came as Raiffeisen reviews its portfolio, potentially resulting in a withdrawal from one or more foreign markets this year.
New Rules For Alcohol Excise Tax In Hungary
- 7 Jan 2015 8:00 AM
- business
The Prime Minister’s Office has proposed to reverse all new rules determining the amount of an excise tax bank guarantee paid by alcohol wholesalers after a series of proposals made on the subject. Gergely Gulyás, the ruling Fidesz party’s head of parliament’s legislative committee, said that the excise tax bank guarantee paid by wholesalers on beer, wine, sparkling wine and intermediate ...
Hungarian Parliament Passes Debt Relief Act
- 26 Sep 2014 1:00 AM
- business
Parliament passed the Debt Relief Act yesterday requiring banks to return millions of forints to forex- and forint-loan debtors for losses arising from unilateral contract modifications and currency margin disparities.
Buda-Cash Investigation Should Target Role Of Central Bank
- 10 Mar 2015 8:00 AM
- business
An investigation into the Buda-Cash brokerage scandal should also examine the role of the central bank, former finance minister János Veres said. “Deficient” regulatory oversight by the central bank under the governing Fidesz party and the bank’s governor György Matolcsy had allowed funds of more than 100,000 clients to disappear.
RTL Group Books Euro 77m Impairment On Hungary Unit
- 6 Mar 2015 8:00 AM
- business
RTL Group recorded 77 million euros of goodwill impairment at its Hungarian unit last year in an earnings report on the back of the “punitive” ad tax that came into effect in August 2014. RTL Hungary had negative EBITDA of 1 million euros last year, compared with a positive 15 million in 2013.
US-Owned Companies Treated Equally With Other Firms, Says Tax Office
- 5 Mar 2015 8:00 AM
- business
US-affiliated companies in Hungary are treated equally with other, non-US, firms, the national tax and customs authority (NAV) said in a report published on the government’s website. The report followed an investigation launched in the wake of press reports suggesting that NAV conducted illegal procedures and in some cases failed to launch procedures causing the central budget VAT-revenue losses ...
NBH Suspends Operating Licence Of Buda-Cash Bróker Ház
- 25 Feb 2015 8:00 AM
- business
The National Bank of Hungary (NBH) as a supervisory authority has suspended with immediate effect the operating licence of brokerage firm Buda-Cash Brókerház and appointed supervisory commissioners because of suspicious cases that have come to its knowledge, the NBH said, adding that it had also filed a criminal complaint with police over the matter.
Hungarian Govt Sticks To Special Taxes But Ready To Consider RTL-Owner’s Opinion
- 2 Feb 2015 8:00 AM
- business
Maintaining the system of special sectoral taxes is a key issue for the Hungarian government though it is ready to consider the opinion of the Bertelsmann Group, which owns television channel RTL Klub, the Government Information Centre (KIK) said, confirming that the two held talks in the past weeks.
Measures On FX Loans Save Hungary HUF 1TR, Says Varga
- 22 Jan 2015 8:00 AM
- business
The government’s measures to shield foreign currency loan-holders have saved Hungary a total of around 1,000 billion forints, the economy minister said. Mihály Varga told public television M1 that since the majority of FX mortgages were denominated in Swiss franc, special attention had been placed on the fluctuation of the currency against the forint.
Raiffeisen Says Hungary Unit Lacks Share Holder Value
- 21 Jan 2015 8:00 AM
- business
Raiffeisen Bank International cannot ignore a lack of profits at its Hungarian operation indefinitely, the Austrian group’s head of corporate business said. The remarks by Peter Lennkh at a Euromoney conference in Vienna came as Raiffeisen reviews its portfolio, potentially resulting in a withdrawal from one or more foreign markets this year.
New Rules For Alcohol Excise Tax In Hungary
- 7 Jan 2015 8:00 AM
- business
The Prime Minister’s Office has proposed to reverse all new rules determining the amount of an excise tax bank guarantee paid by alcohol wholesalers after a series of proposals made on the subject. Gergely Gulyás, the ruling Fidesz party’s head of parliament’s legislative committee, said that the excise tax bank guarantee paid by wholesalers on beer, wine, sparkling wine and intermediate ...
Hungarian Parliament Passes Debt Relief Act
- 26 Sep 2014 1:00 AM
- business
Parliament passed the Debt Relief Act yesterday requiring banks to return millions of forints to forex- and forint-loan debtors for losses arising from unilateral contract modifications and currency margin disparities.