251 result(s) for matolcsy
KBC Bank Not Exiting Hungary
- 13 Jan 2014 8:01 AM
- business
Belgian financial group KBC will not exit Hungary despite a tough outlook for profitability and pressure from the authorities for consolidation, the head of KBC’s local business told Reuters. Central bank governor György Matolcsy, a former economy minister who launched Europe’s highest bank levy to stabilise the state budget, said last month four foreign banks could leave Hungary in the next 6-18 ...
Matolcsy Sees Four Large Banks Leaving Hungary
- 30 Dec 2013 8:00 AM
- business
Four of the eight largest foreign-owned banks in Hungary might leave the country in the next 12 to 18 months, MNB governor György Matolcsy said on Hír TV. Without naming any banks, he said the institutions are not lending and are not helping the Hungarian economy.
Matolcsy Sees Room For Further Interest Ratecut In Hungary
- 21 Nov 2013 8:00 AM
- business
There is further room to reduce the central bank’s base rate, the governor of the National Bank of Hungary, György Matolcsy, said. The base interest currently stands at a record low of 3.4%. Matolcsy told a conference on the bank’s credit for growth scheme that almost all central banks started unorthodox policies after the 2008 crisis and the Hungarian government also applied such policies from ...
Xpat Opinion: Inflation Hits Record Low In Hungary
- 15 Nov 2013 8:00 AM
- business
As the inflation rate slows to a 39 year low, a left-wing commentator warns of the dangers of prices kept artificially low. A conservative columnist, on the other hand, believes that price stability and the increase in disposable incomes adds up to good news for the economy.
Hungary’s National Bank To Sign Ft 6bn Contract For PR
- 14 Nov 2013 8:00 AM
- business
The MNB has invited bids in a Ft 6 billion public procurement tender for communications in what will be the largest contract ever seen in Hungary’s PR sector, the Public Procurement Gazette reveals. The previous record was the Ft 2.5 billion communications contract for the state debt management company in 2011.
Xpat Opinion: Hungarian National Bank Extends Cheap Loan Programme
- 16 Sep 2013 9:00 AM
- business
Analysts across the political spectrum ponder the possible implications of the National Bank’s extended lending program, which aims to stimulate economic growth.
Hungary's National Bank Adds Ft 2 Trillion To Stimulus Lending Program
- 12 Sep 2013 9:00 AM
- business
The MNB will expand its funding for growth scheme by an additional Ft 2 trillion and extend it until the end of 2014, governor György Matolcsy announced on Wednesday. The programme was launched in June with Ft 750 billion. The extension of the scheme could add 1.8-2.4% to GDP in 2014, Matolcsy told reporters.
Budapest To Symbolically Shut Down IMF Office
- 25 Jul 2013 11:30 AM
- current affairs
Hungary plans to pay back its IMF loan early and called on the fund to shut its Budapest office in what could be a symbolic move by Prime Minister Viktor Orbán’s government to display its economic sovereignty. Hungary's ability to avoid the austerity programmes faced by many of its European neighbours will be the government's main selling point when it bids for re-election next year.
Xpat Opinion: IMF Leaves Hungary
- 17 Jul 2013 9:00 AM
- current affairs
A left-wing commentator thinks it is unreasonable to replace a cheap loan with more expensive ones, therefore the government’s decision must be based on political calculations. A business news site suggests that getting rid of the IMF may prove politically profitable for the governing right wing.
KBC Bank Not Exiting Hungary
- 13 Jan 2014 8:01 AM
- business
Belgian financial group KBC will not exit Hungary despite a tough outlook for profitability and pressure from the authorities for consolidation, the head of KBC’s local business told Reuters. Central bank governor György Matolcsy, a former economy minister who launched Europe’s highest bank levy to stabilise the state budget, said last month four foreign banks could leave Hungary in the next 6-18 ...
Matolcsy Sees Four Large Banks Leaving Hungary
- 30 Dec 2013 8:00 AM
- business
Four of the eight largest foreign-owned banks in Hungary might leave the country in the next 12 to 18 months, MNB governor György Matolcsy said on Hír TV. Without naming any banks, he said the institutions are not lending and are not helping the Hungarian economy.
Matolcsy Sees Room For Further Interest Ratecut In Hungary
- 21 Nov 2013 8:00 AM
- business
There is further room to reduce the central bank’s base rate, the governor of the National Bank of Hungary, György Matolcsy, said. The base interest currently stands at a record low of 3.4%. Matolcsy told a conference on the bank’s credit for growth scheme that almost all central banks started unorthodox policies after the 2008 crisis and the Hungarian government also applied such policies from ...
Xpat Opinion: Inflation Hits Record Low In Hungary
- 15 Nov 2013 8:00 AM
- business
As the inflation rate slows to a 39 year low, a left-wing commentator warns of the dangers of prices kept artificially low. A conservative columnist, on the other hand, believes that price stability and the increase in disposable incomes adds up to good news for the economy.
Hungary’s National Bank To Sign Ft 6bn Contract For PR
- 14 Nov 2013 8:00 AM
- business
The MNB has invited bids in a Ft 6 billion public procurement tender for communications in what will be the largest contract ever seen in Hungary’s PR sector, the Public Procurement Gazette reveals. The previous record was the Ft 2.5 billion communications contract for the state debt management company in 2011.
Xpat Opinion: Hungarian National Bank Extends Cheap Loan Programme
- 16 Sep 2013 9:00 AM
- business
Analysts across the political spectrum ponder the possible implications of the National Bank’s extended lending program, which aims to stimulate economic growth.
Hungary's National Bank Adds Ft 2 Trillion To Stimulus Lending Program
- 12 Sep 2013 9:00 AM
- business
The MNB will expand its funding for growth scheme by an additional Ft 2 trillion and extend it until the end of 2014, governor György Matolcsy announced on Wednesday. The programme was launched in June with Ft 750 billion. The extension of the scheme could add 1.8-2.4% to GDP in 2014, Matolcsy told reporters.
Budapest To Symbolically Shut Down IMF Office
- 25 Jul 2013 11:30 AM
- current affairs
Hungary plans to pay back its IMF loan early and called on the fund to shut its Budapest office in what could be a symbolic move by Prime Minister Viktor Orbán’s government to display its economic sovereignty. Hungary's ability to avoid the austerity programmes faced by many of its European neighbours will be the government's main selling point when it bids for re-election next year.
Xpat Opinion: IMF Leaves Hungary
- 17 Jul 2013 9:00 AM
- current affairs
A left-wing commentator thinks it is unreasonable to replace a cheap loan with more expensive ones, therefore the government’s decision must be based on political calculations. A business news site suggests that getting rid of the IMF may prove politically profitable for the governing right wing.