126 result(s) for mortgage loan
Hungary’s Economy Minister Varga Wins Euromoney Award
- 12 Oct 2015 11:00 AM
- current affairs
Economy Minister Mihály Varga has been named Finance Minister of the Year for Central and Eastern Europe by the Emerging Markets website of British monthly Euromoney. The timing of the conversion of foreign-currency mortgages to local currency was perfect, Emerging Markets observed. Furthermore, Hungary has paid back its loan to the IMF early, the site underlines.
European Court Says Hungarian Rules On Notaries In Line With EU Law
- 2 Oct 2015 9:00 AM
- current affairs
The European Court of Justice ruled that Hungarian law allowing a notary to affix an enforcement clause to a contract without scrutinising whether the underlying contract contains unfair conditions does not go against European Union law.
Erste Bank Hungary Establishes Mortgage Bank
- 5 Aug 2015 9:00 AM
- business
Erste Bank Hungary on Monday announced the establishment of its own mortgage bank. The company charter has been signed, but the unit still requires the approval of the National Bank of Hungary (NBH). The NBH requires lenders to back at least 15% of their net mortgage loans with long-term liabilities from October 1, 2016, which probably explains Erste Bank Hungary’s motivation.
Over 100,000 Hungarian Stuck With FX Loans
- 8 May 2015 9:00 AM
- business
An estimated 182,000 foreign-currency debtors can not pay back their loans, of whom 100,000 are not helped by the conversion of foreign-currency mortgage loans or other state assistance, MNB deputy governor Ádám Balog announced at a Thursday conference.
Standard & Poor’s Upgrades Hungary’s Junk Credit Rating
- 23 Mar 2015 8:00 AM
- business
Hungary’s junk credit rating has been upgraded by Standard & Poor’s, which cited the country’s improving growth outlook and its better preparedness to handle unexpected crises. Hungary had lost its investment grade credit rating as far back as 2011. S&P said in a statement Friday that it was raising Hungary’s rating from BB to BB+, one step below investment grade, bringing its assessment in line ...
IMF Issues Concluding Statement On Hungary
- 4 Feb 2015 8:01 AM
- current affairs
Hungary’s economy is coming back from the crisis but the road to strong, sustained activity and higher private sector employment is still a long one. Macroeconomic policies have contributed to a welcome reduction in vulnerabilities, strong growth and a reduction in unemployment. But the country remains susceptible to shocks and its medium-term growth prospects are subdued.
Xpat Opinion: Unorthodox Hungarian Policies Suddenly Applauded?
- 26 Jan 2015 8:00 AM
- current affairs
A leading pro-government journalist quotes international comments in praise of PM Orbán, for deciding to convert mortgages denominated in foreign currencies before the surge of the Swiss Franc. The move helped hundreds of thousands of households avert catastrophic losses.
Measures On FX Loans Save Hungary HUF 1TR, Says Varga
- 22 Jan 2015 8:00 AM
- business
The government’s measures to shield foreign currency loan-holders have saved Hungary a total of around 1,000 billion forints, the economy minister said. Mihály Varga told public television M1 that since the majority of FX mortgages were denominated in Swiss franc, special attention had been placed on the fluctuation of the currency against the forint.
Swiss Central Bank Move Sends Hungarian Forint Tumbling
- 16 Jan 2015 8:00 AM
- business
The forint sank to new all-time lows against the euro and the Swiss franc yesterday after Switzerland’s central bank stunned markets by scrapping the ceiling on its currency, in place since 2011. The Swiss franc surged to 0.85 per euro from 1.20, a 40% gain, before stabilising at parity with the euro.
Hungary’s Economy Minister Varga Wins Euromoney Award
- 12 Oct 2015 11:00 AM
- current affairs
Economy Minister Mihály Varga has been named Finance Minister of the Year for Central and Eastern Europe by the Emerging Markets website of British monthly Euromoney. The timing of the conversion of foreign-currency mortgages to local currency was perfect, Emerging Markets observed. Furthermore, Hungary has paid back its loan to the IMF early, the site underlines.
European Court Says Hungarian Rules On Notaries In Line With EU Law
- 2 Oct 2015 9:00 AM
- current affairs
The European Court of Justice ruled that Hungarian law allowing a notary to affix an enforcement clause to a contract without scrutinising whether the underlying contract contains unfair conditions does not go against European Union law.
Erste Bank Hungary Establishes Mortgage Bank
- 5 Aug 2015 9:00 AM
- business
Erste Bank Hungary on Monday announced the establishment of its own mortgage bank. The company charter has been signed, but the unit still requires the approval of the National Bank of Hungary (NBH). The NBH requires lenders to back at least 15% of their net mortgage loans with long-term liabilities from October 1, 2016, which probably explains Erste Bank Hungary’s motivation.
Over 100,000 Hungarian Stuck With FX Loans
- 8 May 2015 9:00 AM
- business
An estimated 182,000 foreign-currency debtors can not pay back their loans, of whom 100,000 are not helped by the conversion of foreign-currency mortgage loans or other state assistance, MNB deputy governor Ádám Balog announced at a Thursday conference.
Standard & Poor’s Upgrades Hungary’s Junk Credit Rating
- 23 Mar 2015 8:00 AM
- business
Hungary’s junk credit rating has been upgraded by Standard & Poor’s, which cited the country’s improving growth outlook and its better preparedness to handle unexpected crises. Hungary had lost its investment grade credit rating as far back as 2011. S&P said in a statement Friday that it was raising Hungary’s rating from BB to BB+, one step below investment grade, bringing its assessment in line ...
IMF Issues Concluding Statement On Hungary
- 4 Feb 2015 8:01 AM
- current affairs
Hungary’s economy is coming back from the crisis but the road to strong, sustained activity and higher private sector employment is still a long one. Macroeconomic policies have contributed to a welcome reduction in vulnerabilities, strong growth and a reduction in unemployment. But the country remains susceptible to shocks and its medium-term growth prospects are subdued.
Xpat Opinion: Unorthodox Hungarian Policies Suddenly Applauded?
- 26 Jan 2015 8:00 AM
- current affairs
A leading pro-government journalist quotes international comments in praise of PM Orbán, for deciding to convert mortgages denominated in foreign currencies before the surge of the Swiss Franc. The move helped hundreds of thousands of households avert catastrophic losses.
Measures On FX Loans Save Hungary HUF 1TR, Says Varga
- 22 Jan 2015 8:00 AM
- business
The government’s measures to shield foreign currency loan-holders have saved Hungary a total of around 1,000 billion forints, the economy minister said. Mihály Varga told public television M1 that since the majority of FX mortgages were denominated in Swiss franc, special attention had been placed on the fluctuation of the currency against the forint.
Swiss Central Bank Move Sends Hungarian Forint Tumbling
- 16 Jan 2015 8:00 AM
- business
The forint sank to new all-time lows against the euro and the Swiss franc yesterday after Switzerland’s central bank stunned markets by scrapping the ceiling on its currency, in place since 2011. The Swiss franc surged to 0.85 per euro from 1.20, a 40% gain, before stabilising at parity with the euro.