297 result(s) for mnb
Xpat Report: Opposition Politicians Accused Of Misleading IMF Mission In Hungary
- 3 Aug 2012 9:00 AM
- current affairs
A pro-government columnist berates the IMF for consulting with people affiliated to opposition parties. In Magyar Nemzet, Anna Szabo wonders how the IMF delegation could find time for people whose opinions are “markedly anti-government”, while ordinary citizens such as herself did not have access to the delegation. Is this not in contradiction with the IMF charter? – she asks.
Markets In Hungary Turn Sour On Orban Comments
- 1 Aug 2012 9:00 AM
- business
Capital markets reacted negatively to the Prime Minister’s last Wednesday comments in which he seemed adamant about extending the financial transaction tax to the MNB, according to Bertalan Nagy, head of the private banking unit of Equilor brokers. The euphoria fuelled by hopes of a quick agreement dissipated this week and gains in Hungarian asset prices began to be priced out, he said.
Hungary's PM Orban Refuses To Back Down On Extending New Tax To MNB
- 31 Jul 2012 9:00 AM
- current affairs
The government will insist during loan talks with the EU and IMF that the financial transaction tax be applied to the MNB, Prime Minister Viktor Orban told reporters last week. The government and the IMF disagree on this issue, he said, one day after the European Central Bank (ECB) also expressed its opposition, saying the measure may violate EU rules.
Inflation Jumps To 5.6% In Hungary, Beats Forecasts
- 17 Jul 2012 9:00 AM
- business
Inflation stood at 5.6% in June, above analysts’ forecasts, after rising 5.3% year-on-year in May, the Central Statistics Office announced last week. Core inflation, stripping out the impacts of energy and food prices, was 4.9%. The spike in consumer prices was due to higher taxes, including VAT and excise taxes, analysts said. Excluding these effects, inflation rose 3.4% year-on-year in June.
IMF Accepts Central Bank Bill, Prepares For Loan Talks With Hungary
- 5 Jul 2012 10:45 AM
- current affairs
The IMF accepts Hungary’s changes to its central bank law and is ready to begin negotiations on a credit arrangement when the bill is passed, managing director Christine Lagarde informed the government in a letter made public last week.
Hungarian Banks Prepare For Intra-Day Payment
- 28 Jun 2012 9:00 AM
- business
Banks and the MNB are carrying out test runs of intra-day settlements of electronic payment orders at high volume, before a new system enters into effect on July 1, the Banking Association announced yesterday. Electronic payment orders between banks will be executed within four hours, rather than the current two or three days, from Monday.
Hungarian Minister Varga: IMF Talks Could Begin In Summer
- 18 Jun 2012 9:03 AM
- current affairs
Talks with the IMF and the EU could begin in July or August after the government modifies the central bank law and the group of EU finance ministers Ecofin decide on issues related to Hungary, Mihaly Varga, minister without portfolio in charge of negotiations with the IMF and EU said in a television interview.
Talks Continue On Amendments To The Act On The National Bank Of Hungary
- 6 Jun 2012 9:01 AM
- business
Mihály Varga, Minister without portfolio in charge of negotiations with the International Monetary Fund (IMF) and the EU, who swore his oath of office on Monday in Parliament, has asked the Fidesz parliamentary group to consider postponing the final vote on amendments to the Act on the National Bank of Hungary (MNB). According to the original timetable, Monday would have seen the final vote on ...
Hungarian Cabinet Withdraws Central Bank Bill
- 24 May 2012 10:50 AM
- business
The central bank bill has been taken off Parliament’s agenda, due to technical errors, and as a result will not be passed before June. The EU had said that changes to the central bank law are a precondition for talks on an IMF loan. The bill was scheduled to be submitted last Friday, but has been held back due to incorrect numbering in the references.
Xpat Report: Opposition Politicians Accused Of Misleading IMF Mission In Hungary
- 3 Aug 2012 9:00 AM
- current affairs
A pro-government columnist berates the IMF for consulting with people affiliated to opposition parties. In Magyar Nemzet, Anna Szabo wonders how the IMF delegation could find time for people whose opinions are “markedly anti-government”, while ordinary citizens such as herself did not have access to the delegation. Is this not in contradiction with the IMF charter? – she asks.
Markets In Hungary Turn Sour On Orban Comments
- 1 Aug 2012 9:00 AM
- business
Capital markets reacted negatively to the Prime Minister’s last Wednesday comments in which he seemed adamant about extending the financial transaction tax to the MNB, according to Bertalan Nagy, head of the private banking unit of Equilor brokers. The euphoria fuelled by hopes of a quick agreement dissipated this week and gains in Hungarian asset prices began to be priced out, he said.
Hungary's PM Orban Refuses To Back Down On Extending New Tax To MNB
- 31 Jul 2012 9:00 AM
- current affairs
The government will insist during loan talks with the EU and IMF that the financial transaction tax be applied to the MNB, Prime Minister Viktor Orban told reporters last week. The government and the IMF disagree on this issue, he said, one day after the European Central Bank (ECB) also expressed its opposition, saying the measure may violate EU rules.
Inflation Jumps To 5.6% In Hungary, Beats Forecasts
- 17 Jul 2012 9:00 AM
- business
Inflation stood at 5.6% in June, above analysts’ forecasts, after rising 5.3% year-on-year in May, the Central Statistics Office announced last week. Core inflation, stripping out the impacts of energy and food prices, was 4.9%. The spike in consumer prices was due to higher taxes, including VAT and excise taxes, analysts said. Excluding these effects, inflation rose 3.4% year-on-year in June.
IMF Accepts Central Bank Bill, Prepares For Loan Talks With Hungary
- 5 Jul 2012 10:45 AM
- current affairs
The IMF accepts Hungary’s changes to its central bank law and is ready to begin negotiations on a credit arrangement when the bill is passed, managing director Christine Lagarde informed the government in a letter made public last week.
Hungarian Banks Prepare For Intra-Day Payment
- 28 Jun 2012 9:00 AM
- business
Banks and the MNB are carrying out test runs of intra-day settlements of electronic payment orders at high volume, before a new system enters into effect on July 1, the Banking Association announced yesterday. Electronic payment orders between banks will be executed within four hours, rather than the current two or three days, from Monday.
Hungarian Minister Varga: IMF Talks Could Begin In Summer
- 18 Jun 2012 9:03 AM
- current affairs
Talks with the IMF and the EU could begin in July or August after the government modifies the central bank law and the group of EU finance ministers Ecofin decide on issues related to Hungary, Mihaly Varga, minister without portfolio in charge of negotiations with the IMF and EU said in a television interview.
Talks Continue On Amendments To The Act On The National Bank Of Hungary
- 6 Jun 2012 9:01 AM
- business
Mihály Varga, Minister without portfolio in charge of negotiations with the International Monetary Fund (IMF) and the EU, who swore his oath of office on Monday in Parliament, has asked the Fidesz parliamentary group to consider postponing the final vote on amendments to the Act on the National Bank of Hungary (MNB). According to the original timetable, Monday would have seen the final vote on ...
Hungarian Cabinet Withdraws Central Bank Bill
- 24 May 2012 10:50 AM
- business
The central bank bill has been taken off Parliament’s agenda, due to technical errors, and as a result will not be passed before June. The EU had said that changes to the central bank law are a precondition for talks on an IMF loan. The bill was scheduled to be submitted last Friday, but has been held back due to incorrect numbering in the references.