130 result(s) for loss in Business
Austria’s Raiffeisen Bank Not Planning To Leave Hungary
- 25 Aug 2014 9:00 AM
- business
Austria’s Raiffeisen Bank International (RBI) may leave Ukraine and Hungary in the future, but there are no specific plans to sell either one of these businesses at the moment, although both are under constant review, RBI’s CEO Karl Sevelda told news agencies, commenting on the group’s results published on Thursday.
Hungarian Govt Working To Minimise Losses Due To Russian Embargo
- 25 Aug 2014 9:00 AM
- business
The government is working to minimise the losses suffered by Hungary’s apple growers due to a Russian ban on imports from Europe, the state secretary of the agriculture ministry told public Kossuth Rádió on Friday. István Nagy said that the government’s efforts were aimed at finding alternative markets and noted that “new ties being developed as part of Hungary’s eastern opening strategy will ...
Former MNB Vice-Governor: Hungary Needs A Miracle
- 25 Aug 2014 9:00 AM
- business
Hungary’s national debt of 85.1% of GDP is so high that it will take a miracle for the government to avoid breaking its own constitutional stipulation that it set out in the Basic Law, former National Bank of Hungary (MNB) vice-governor Zoltán Bodnár said this week.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
Russian Embargo Costs Hungary Huf 70m A Day
- 18 Aug 2014 9:00 AM
- business
The Russian embargo results in 70 million forints (EUR 223,000) lost revenues to Hungarian farmers daily, farm ministry state secretary István Nagy said on Friday.
Hungary’s OTP: Refunds For Borrowers’ Relief Could Be Bigger Than Expected
- 13 Aug 2014 9:00 AM
- business
The impact of National Bank of Hungary guidelines on calculating refunds to be paid under borrowers’ relief legislation could generate bigger than expected losses for OTP Bank, the lender has said.
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”.
RTL Klub CEO: We'll Stay In Hungary And Fight
- 22 Jul 2014 9:00 AM
- business
The following story, by Florence La Bruyère, is from the July 18 print edition of the Budapest Business Journal. "If you are just back from a long trek to Nepal and havent watched the evening news on RTL Klub for a month, be prepared for a shock. Where Hungarys largest commercial channel previously concentrated on crime stories and light news, its evening news is now twice as long as it used to ...
Green Light For Hungary To Produce Intercity Trains
- 20 Jul 2014 4:00 AM
- business
Hungary has got the green light to build InterCity trains, the head of the state-owned MÁV rail company said in an interview to business daily Napi Gazdaság. Ilona Dávid told the paper: “We have just received the entire certification that we are capable of making European-standard carriages which can travel to any country.” She said MÁV was working on two prototypes and it was now a question of ...
Austria’s Raiffeisen Bank Not Planning To Leave Hungary
- 25 Aug 2014 9:00 AM
- business
Austria’s Raiffeisen Bank International (RBI) may leave Ukraine and Hungary in the future, but there are no specific plans to sell either one of these businesses at the moment, although both are under constant review, RBI’s CEO Karl Sevelda told news agencies, commenting on the group’s results published on Thursday.
Hungarian Govt Working To Minimise Losses Due To Russian Embargo
- 25 Aug 2014 9:00 AM
- business
The government is working to minimise the losses suffered by Hungary’s apple growers due to a Russian ban on imports from Europe, the state secretary of the agriculture ministry told public Kossuth Rádió on Friday. István Nagy said that the government’s efforts were aimed at finding alternative markets and noted that “new ties being developed as part of Hungary’s eastern opening strategy will ...
Former MNB Vice-Governor: Hungary Needs A Miracle
- 25 Aug 2014 9:00 AM
- business
Hungary’s national debt of 85.1% of GDP is so high that it will take a miracle for the government to avoid breaking its own constitutional stipulation that it set out in the Basic Law, former National Bank of Hungary (MNB) vice-governor Zoltán Bodnár said this week.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
Russian Embargo Costs Hungary Huf 70m A Day
- 18 Aug 2014 9:00 AM
- business
The Russian embargo results in 70 million forints (EUR 223,000) lost revenues to Hungarian farmers daily, farm ministry state secretary István Nagy said on Friday.
Hungary’s OTP: Refunds For Borrowers’ Relief Could Be Bigger Than Expected
- 13 Aug 2014 9:00 AM
- business
The impact of National Bank of Hungary guidelines on calculating refunds to be paid under borrowers’ relief legislation could generate bigger than expected losses for OTP Bank, the lender has said.
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”.
RTL Klub CEO: We'll Stay In Hungary And Fight
- 22 Jul 2014 9:00 AM
- business
The following story, by Florence La Bruyère, is from the July 18 print edition of the Budapest Business Journal. "If you are just back from a long trek to Nepal and havent watched the evening news on RTL Klub for a month, be prepared for a shock. Where Hungarys largest commercial channel previously concentrated on crime stories and light news, its evening news is now twice as long as it used to ...
Green Light For Hungary To Produce Intercity Trains
- 20 Jul 2014 4:00 AM
- business
Hungary has got the green light to build InterCity trains, the head of the state-owned MÁV rail company said in an interview to business daily Napi Gazdaság. Ilona Dávid told the paper: “We have just received the entire certification that we are capable of making European-standard carriages which can travel to any country.” She said MÁV was working on two prototypes and it was now a question of ...