719 result(s) for market rate
Matolcsy: Forint Weakening Not Related To Hungary Fundamentals
- 19 Dec 2014 8:00 AM
- business
There is no special Hungarian story behind the latest weakening of the forint, the central bank’s governor György Matolcsy said. The National Bank of Hungary has no exchange rate target and is not compelled to intervene to stop the currency’s weakening, he said, adding that bank’s international reserves provided a decent buffer.
Hungary’s Competition Office Fines K&H Bank For Misleading Advertising
- 8 Dec 2014 8:00 AM
- business
Hungary’s Competition Office (GVH) said it had fined K&H Bank 80 million forints for misleading advertising. GVH levied the fine for a month-long ad campaign of KSH’s “MIX” product early in 2014. KSH advertised a 7.80% annual return on the product – well over the market rate – but failed to make clear that the rate was paid only on the one-third of savings that were placed in a deposit.
Moody’s Sees Improved But Still Slow Mid-Term Growth Outlook For Hungary
- 26 Nov 2014 8:00 AM
- business
Hungary’s medium-term economic growth prospects have improved, though they remain low and will continue to lag behind those of regional peers and thus complicate the government’s efforts to reduce its substantial debt burden, Moody’s Investors Service said.
How Did Hungary Manage To Get Caught In This International Vice?
- 20 Nov 2014 8:00 AM
- current affairs
The Internet tax dispute temporarily covered it up, but once the idea of introducing the tax was dropped, Hungary's other “list of sins” came back onto the front burner. “Heti Válasz” is now taking a look at the list to see which of the American and European Union criticisms have become irrelevant, which are the ones where Hungary has won a skirmish and which are those we're about to lose.
Hungarian Govt Plan To Scrap Jobless Benefits “Inhumane, Unfair”
- 18 Nov 2014 8:00 AM
- business
The government’s plan to scrap unemployment benefits in 2018 while placing the jobless into fostered job schemes is both inhumane and unfair, the opposition Democratic Coalition (DK) said.
Hungarian Analysts’ Views Differ On Outlook For Forint Conversion Of FX Loans
- 11 Nov 2014 8:00 AM
- property
Analysts interviewed by MTI gave differing views on how successful the forint conversion of foreign currency loans could be. András Balatoni of ING Bank said borrowers would be happy to opt for the forint conversion to reduce their foreign currency exposure.
Hungarian MPs Propose Locking Interest Rates On Retail Loans For 3 Years
- 5 Nov 2014 8:00 AM
- current affairs
Lawmakers of the ruling Fidesz-KDNP alliance have proposed that banks should be allowed to change interest rates and interest rate margins in retail loan contracts only once every three years, parliamentary group leader Antal Rogán said.
Hungarian Emigrants Return Only If Hungary Performs Better - An Interview
- 24 Oct 2014 9:00 AM
- current affairs
If the Hungarian economy could demonstrate the kind of growth potential over the coming 10-15 years that would really reduce the GDP and wage gap, it could increase chances for many of the people who've gone abroad to work to come home, Barnabás Virág, the central bank's chief of economic forecasting and analysis told Figyelő.
Illegal Cigarette Sales In Hungary Top 12%
- 14 Oct 2014 9:00 AM
- shopping
The black market for cigarettes in Hungary has grown to 12.1% of total sales, market research company GfK Hungária said. A little more than a year ago, GfK Hungária said illegal sales of cigarettes accounted for 7.7% of total turnover. In its latest release, the market researcher said the rate had reached 11.8% by the end of last year, but noted there had been “restructuring” on the market.
Matolcsy: Forint Weakening Not Related To Hungary Fundamentals
- 19 Dec 2014 8:00 AM
- business
There is no special Hungarian story behind the latest weakening of the forint, the central bank’s governor György Matolcsy said. The National Bank of Hungary has no exchange rate target and is not compelled to intervene to stop the currency’s weakening, he said, adding that bank’s international reserves provided a decent buffer.
Hungary’s Competition Office Fines K&H Bank For Misleading Advertising
- 8 Dec 2014 8:00 AM
- business
Hungary’s Competition Office (GVH) said it had fined K&H Bank 80 million forints for misleading advertising. GVH levied the fine for a month-long ad campaign of KSH’s “MIX” product early in 2014. KSH advertised a 7.80% annual return on the product – well over the market rate – but failed to make clear that the rate was paid only on the one-third of savings that were placed in a deposit.
Moody’s Sees Improved But Still Slow Mid-Term Growth Outlook For Hungary
- 26 Nov 2014 8:00 AM
- business
Hungary’s medium-term economic growth prospects have improved, though they remain low and will continue to lag behind those of regional peers and thus complicate the government’s efforts to reduce its substantial debt burden, Moody’s Investors Service said.
How Did Hungary Manage To Get Caught In This International Vice?
- 20 Nov 2014 8:00 AM
- current affairs
The Internet tax dispute temporarily covered it up, but once the idea of introducing the tax was dropped, Hungary's other “list of sins” came back onto the front burner. “Heti Válasz” is now taking a look at the list to see which of the American and European Union criticisms have become irrelevant, which are the ones where Hungary has won a skirmish and which are those we're about to lose.
Hungarian Govt Plan To Scrap Jobless Benefits “Inhumane, Unfair”
- 18 Nov 2014 8:00 AM
- business
The government’s plan to scrap unemployment benefits in 2018 while placing the jobless into fostered job schemes is both inhumane and unfair, the opposition Democratic Coalition (DK) said.
Hungarian Analysts’ Views Differ On Outlook For Forint Conversion Of FX Loans
- 11 Nov 2014 8:00 AM
- property
Analysts interviewed by MTI gave differing views on how successful the forint conversion of foreign currency loans could be. András Balatoni of ING Bank said borrowers would be happy to opt for the forint conversion to reduce their foreign currency exposure.
Hungarian MPs Propose Locking Interest Rates On Retail Loans For 3 Years
- 5 Nov 2014 8:00 AM
- current affairs
Lawmakers of the ruling Fidesz-KDNP alliance have proposed that banks should be allowed to change interest rates and interest rate margins in retail loan contracts only once every three years, parliamentary group leader Antal Rogán said.
Hungarian Emigrants Return Only If Hungary Performs Better - An Interview
- 24 Oct 2014 9:00 AM
- current affairs
If the Hungarian economy could demonstrate the kind of growth potential over the coming 10-15 years that would really reduce the GDP and wage gap, it could increase chances for many of the people who've gone abroad to work to come home, Barnabás Virág, the central bank's chief of economic forecasting and analysis told Figyelő.
Illegal Cigarette Sales In Hungary Top 12%
- 14 Oct 2014 9:00 AM
- shopping
The black market for cigarettes in Hungary has grown to 12.1% of total sales, market research company GfK Hungária said. A little more than a year ago, GfK Hungária said illegal sales of cigarettes accounted for 7.7% of total turnover. In its latest release, the market researcher said the rate had reached 11.8% by the end of last year, but noted there had been “restructuring” on the market.