1,220 result(s) for national bank
State Reacquires Historic Budapest Department Store
- 29 Oct 2015 8:00 AM
- property
The state has reacquired Paris Department Store, a historic Art Nouveau-style building in the centre of Budapest, news portal napi.hu reported. The state has exercised its preemption right for the property through MFB-Ingatlanfejlesztő, the property development unit of the state-owned development bank MFB, the Prime Minister’s Office’s press department told napi.hu.
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Hungarian National Bank Outlaws Asset Manager
- 19 Oct 2015 9:00 AM
- business
The MNB has banned the activities of asset manager Riches Builder and Seychelles-registered Riches Builder Investment and fined them Ft 338 million for collecting deposits without a licence. The two companies promised outstandingly high yields and repayment guarantees. An aggravating factor in the case was that the companies did not co-operate fully with the MNB during the investigation. The ...
Hungarian Forint Liquidity Of Banking Sector Falls In Sept
- 13 Oct 2015 9:00 AM
- business
Forint liquidity of Hungary’s banking sector fell in September from a month earlier, reflected mainly in the lower average stocks of two-week central bank deposits, the National Bank of Hungary said in a report. The average stock of two-week deposits decreased by 241.8 billion forints to 4,290 billion, the report based on preliminary data shows. The average stock of external assets fell by 350 ...
Hungarian Tax Authority Uncovers Intl Money Laundering, Cigarette Smuggling Operation
- 13 Oct 2015 5:34 AM
- business
Hungary’s tax and customs authority (NAV) said on Tuesday that it is investigating an international money laundering and cigarette smuggling operation, and it has so far apprehended 33 suspects. Vietnamese and Egyptian nationals based in Budapest are suspected of directing the transfer of euros acquired in crimes committed in Europe first to Hungary and then to Slovakia.
Xpat Interview: Peter Szilagyi, Associate Professor of Finance at CEU Business School
- 6 Oct 2015 12:00 PM
Peter Szilagyi is Associate Professor of Finance at CEU Business School, and Director of the MSc in Finance program. The MSc in Finance is a one-year program with the possibility to extend, and runs both full and part-time. The next program starts in February 2016, with applications accepted until December 1.
Hungary May Become Central-Europe’s Growth Hub
- 5 Oct 2015 11:00 AM
- business
Hungary has the capacity to become Central-Europe’s growth hub, Prime Minister Viktor Orbán said at the opening ceremony of the Bank of China’s RMB clearing centre in Hungary. Let us believe the Chinese (...), if they chose Budapest as their regional centre, there must plenty of steam, potential and future in this country (...). We are able to increase even our current economic performance, with ...
Retail Sales In Hungary Up 4.7% In Aug
- 5 Oct 2015 4:00 AM
- shopping
Retail sales in Hungary climbed by 4.7% in August from the same month a year earlier, preliminary data released by the Central Statistical Office on Monday show. The increase was the same when adjusted for calendar year effects. The unadjusted rise was down from 6.8% in July. Adjusted food sales climbed by 3.7% in August, non-food sales were up 4.6% and fuel sales increased by 7.4%. In ...
Govt Office Chief Presses For National Infrastructure Development Programme
- 1 Oct 2015 5:24 AM
- business
Government office chief János Lázár urged the launch of a national infrastructure development programme, speaking at a conference organised by Portfolio.hu. The development programme will be used to fund the roughly 100 Hungarian companies that do not count as small and medium-sized firms and are thus not eligible for EU funds.
State Reacquires Historic Budapest Department Store
- 29 Oct 2015 8:00 AM
- property
The state has reacquired Paris Department Store, a historic Art Nouveau-style building in the centre of Budapest, news portal napi.hu reported. The state has exercised its preemption right for the property through MFB-Ingatlanfejlesztő, the property development unit of the state-owned development bank MFB, the Prime Minister’s Office’s press department told napi.hu.
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Hungarian National Bank Outlaws Asset Manager
- 19 Oct 2015 9:00 AM
- business
The MNB has banned the activities of asset manager Riches Builder and Seychelles-registered Riches Builder Investment and fined them Ft 338 million for collecting deposits without a licence. The two companies promised outstandingly high yields and repayment guarantees. An aggravating factor in the case was that the companies did not co-operate fully with the MNB during the investigation. The ...
Hungarian Forint Liquidity Of Banking Sector Falls In Sept
- 13 Oct 2015 9:00 AM
- business
Forint liquidity of Hungary’s banking sector fell in September from a month earlier, reflected mainly in the lower average stocks of two-week central bank deposits, the National Bank of Hungary said in a report. The average stock of two-week deposits decreased by 241.8 billion forints to 4,290 billion, the report based on preliminary data shows. The average stock of external assets fell by 350 ...
Hungarian Tax Authority Uncovers Intl Money Laundering, Cigarette Smuggling Operation
- 13 Oct 2015 5:34 AM
- business
Hungary’s tax and customs authority (NAV) said on Tuesday that it is investigating an international money laundering and cigarette smuggling operation, and it has so far apprehended 33 suspects. Vietnamese and Egyptian nationals based in Budapest are suspected of directing the transfer of euros acquired in crimes committed in Europe first to Hungary and then to Slovakia.
Xpat Interview: Peter Szilagyi, Associate Professor of Finance at CEU Business School
- 6 Oct 2015 12:00 PM
Peter Szilagyi is Associate Professor of Finance at CEU Business School, and Director of the MSc in Finance program. The MSc in Finance is a one-year program with the possibility to extend, and runs both full and part-time. The next program starts in February 2016, with applications accepted until December 1.
Hungary May Become Central-Europe’s Growth Hub
- 5 Oct 2015 11:00 AM
- business
Hungary has the capacity to become Central-Europe’s growth hub, Prime Minister Viktor Orbán said at the opening ceremony of the Bank of China’s RMB clearing centre in Hungary. Let us believe the Chinese (...), if they chose Budapest as their regional centre, there must plenty of steam, potential and future in this country (...). We are able to increase even our current economic performance, with ...
Retail Sales In Hungary Up 4.7% In Aug
- 5 Oct 2015 4:00 AM
- shopping
Retail sales in Hungary climbed by 4.7% in August from the same month a year earlier, preliminary data released by the Central Statistical Office on Monday show. The increase was the same when adjusted for calendar year effects. The unadjusted rise was down from 6.8% in July. Adjusted food sales climbed by 3.7% in August, non-food sales were up 4.6% and fuel sales increased by 7.4%. In ...
Govt Office Chief Presses For National Infrastructure Development Programme
- 1 Oct 2015 5:24 AM
- business
Government office chief János Lázár urged the launch of a national infrastructure development programme, speaking at a conference organised by Portfolio.hu. The development programme will be used to fund the roughly 100 Hungarian companies that do not count as small and medium-sized firms and are thus not eligible for EU funds.