818 result(s) for loss
Xpat Opinion: Not Only The University Students Are Unhappy In Hungary
- 12 Dec 2012 12:00 AM
- current affairs
Already yesterday news leaked out from government circles that taking on the university students might not have been the brightest idea. Even Zsolt Bayer warned the government that it must take the students seriously because otherwise “we might be swept away.” Orbán and his old college friends who run the country nowadays should know the strength of a student revolt, he warned. It’s enough to ...
Xpat Opinion: Guessing Hungary's PM Orbán’s Strategy In Negotiations With The EU
- 28 Nov 2012 8:00 AM
- current affairs
The leading pro-government daily welcomes the failure of the EU summit as a sign of democracy and good news for Hungary, while its left-wing counterpart accuses PM Orbán of selfishness. An influential economist says that although the EU’s growth forecasts are biased against Hungary, the government has to make efforts to convince Brussels anyway. An independent centrist outlet suspects that once ...
F1 Contract In Hungary Extended Until 2021
- 28 Nov 2012 8:00 AM
- sport
F1 boss Bernie Ecclestone has often spoken about the decline in the number of stages in the European calendar, so good news for local F1 fans as the Hungaroring Grand Prix is safe for the years to come. The Hungarian Grand Prix contract was recently prolonged until 2021, and now the date for next year’s F1 event at Hungaroring near Budapest is confirmed as July 28th 2013.
Hungary's Downgrade By Standard&Poor’s Rating Services Should Not Be Taken Seriously
- 27 Nov 2012 8:02 AM
- business
Rating agencies can no longer be taken seriously as they were the ones that suffered the largest loss of credibility during the years of crisis. Having failed to predict the financial crisis, they are a thing of the past now. The future will not depend on them or on speculators, but on countries and production. Instead of credit rating agencies, Hungary has been assessed by investors which have ...
Ryanair Announces 40% Cuts At Budapest
- 23 Nov 2012 8:04 AM
- travel
Ryanair, Europe’s only ultra-low cost airline, today (22 Nov) announced 40% cuts at its Budapest base with the closure of 10 routes and loss of over 280 weekly flights from 10 Jan 2013 after the Hochtief-run airport increased charges, refused to provide efficient facilities and failed to offer a competitive cost base for future growth offered by Ryanair. Ryanair’s Budapest traffic will fall by ...
Fraud Uncovered At Film Foundation In Hungary
- 22 Nov 2012 8:00 AM
- current affairs
The government supervisory office KEHI has uncovered fictitious contracts at the now defunct Hungarian Motion Picture Foundation, anti-corruption website Atlatszo reports. For instance, journalist Anikó Návai twice issued invoices for consultancy services, and foundation staff collected Ft 10 million through bonuses, false work contracts, commissioning unnecessary studies and splitting awards and ...
French Bricostore To Close In Hungary
- 20 Nov 2012 8:00 AM
- shopping
French owned company Bricostore just made a 'strategic decision' to withdraw from the Hungarian market, due to recent poor sales and negative forecasts for the future. This pullout will potentially result in around 650+ employees losing their jobs at the Budapest HQ and at nine stores nationwide, including at least one Bricostore manager who told XpatLoop this news. Bricostore successfully ...
Banks In Hungary May Face Losses On Local Debt Consolidation
- 9 Nov 2012 8:00 AM
- business
Banks could face massive losses, running as high as Ft 100 billion, if the state requests discounts from them when taking over the debt of local governments, Népszabadság reports. The state would pay only 75-80% of the value of what it deems bad or risky loans held by local governments to banks in the process of assuming the debt of municipalities, according to information from Fidesz politicians.
Xpat Opinion: Have Hungary's IMF Talks Broken Down?
- 29 Oct 2012 8:00 AM
- current affairs
A conservative columnist comments on rumours about the breakdown of IMF talks. The government is right to resist IMF pressure to cut wages and pensions, he suggests. But he is at a loss to explain why the government has launched an insulting media campaign against the IMF to coincide with its yearly summit.
Xpat Opinion: Not Only The University Students Are Unhappy In Hungary
- 12 Dec 2012 12:00 AM
- current affairs
Already yesterday news leaked out from government circles that taking on the university students might not have been the brightest idea. Even Zsolt Bayer warned the government that it must take the students seriously because otherwise “we might be swept away.” Orbán and his old college friends who run the country nowadays should know the strength of a student revolt, he warned. It’s enough to ...
Xpat Opinion: Guessing Hungary's PM Orbán’s Strategy In Negotiations With The EU
- 28 Nov 2012 8:00 AM
- current affairs
The leading pro-government daily welcomes the failure of the EU summit as a sign of democracy and good news for Hungary, while its left-wing counterpart accuses PM Orbán of selfishness. An influential economist says that although the EU’s growth forecasts are biased against Hungary, the government has to make efforts to convince Brussels anyway. An independent centrist outlet suspects that once ...
F1 Contract In Hungary Extended Until 2021
- 28 Nov 2012 8:00 AM
- sport
F1 boss Bernie Ecclestone has often spoken about the decline in the number of stages in the European calendar, so good news for local F1 fans as the Hungaroring Grand Prix is safe for the years to come. The Hungarian Grand Prix contract was recently prolonged until 2021, and now the date for next year’s F1 event at Hungaroring near Budapest is confirmed as July 28th 2013.
Hungary's Downgrade By Standard&Poor’s Rating Services Should Not Be Taken Seriously
- 27 Nov 2012 8:02 AM
- business
Rating agencies can no longer be taken seriously as they were the ones that suffered the largest loss of credibility during the years of crisis. Having failed to predict the financial crisis, they are a thing of the past now. The future will not depend on them or on speculators, but on countries and production. Instead of credit rating agencies, Hungary has been assessed by investors which have ...
Ryanair Announces 40% Cuts At Budapest
- 23 Nov 2012 8:04 AM
- travel
Ryanair, Europe’s only ultra-low cost airline, today (22 Nov) announced 40% cuts at its Budapest base with the closure of 10 routes and loss of over 280 weekly flights from 10 Jan 2013 after the Hochtief-run airport increased charges, refused to provide efficient facilities and failed to offer a competitive cost base for future growth offered by Ryanair. Ryanair’s Budapest traffic will fall by ...
Fraud Uncovered At Film Foundation In Hungary
- 22 Nov 2012 8:00 AM
- current affairs
The government supervisory office KEHI has uncovered fictitious contracts at the now defunct Hungarian Motion Picture Foundation, anti-corruption website Atlatszo reports. For instance, journalist Anikó Návai twice issued invoices for consultancy services, and foundation staff collected Ft 10 million through bonuses, false work contracts, commissioning unnecessary studies and splitting awards and ...
French Bricostore To Close In Hungary
- 20 Nov 2012 8:00 AM
- shopping
French owned company Bricostore just made a 'strategic decision' to withdraw from the Hungarian market, due to recent poor sales and negative forecasts for the future. This pullout will potentially result in around 650+ employees losing their jobs at the Budapest HQ and at nine stores nationwide, including at least one Bricostore manager who told XpatLoop this news. Bricostore successfully ...
Banks In Hungary May Face Losses On Local Debt Consolidation
- 9 Nov 2012 8:00 AM
- business
Banks could face massive losses, running as high as Ft 100 billion, if the state requests discounts from them when taking over the debt of local governments, Népszabadság reports. The state would pay only 75-80% of the value of what it deems bad or risky loans held by local governments to banks in the process of assuming the debt of municipalities, according to information from Fidesz politicians.
Xpat Opinion: Have Hungary's IMF Talks Broken Down?
- 29 Oct 2012 8:00 AM
- current affairs
A conservative columnist comments on rumours about the breakdown of IMF talks. The government is right to resist IMF pressure to cut wages and pensions, he suggests. But he is at a loss to explain why the government has launched an insulting media campaign against the IMF to coincide with its yearly summit.