1,220 result(s) for national bank
Hungarian Party LMP Presses Ministry To Release List Of Diplomatic Passports
- 27 Apr 2015 10:00 AM
- current affairs
The opposition LMP party is filing a lawsuit in a bid to force the foreign ministry to reveal a list of diplomatic passport-holders over the past five years. Bernadett Szél, LMP’s coleader, noted in a statement on Friday that Csaba Tarsoly, the owner of bankrupted brokerage firm Quaestor now under arrest on suspicion of fraud, had made several trips around the world using a diplomatic passport ...
Hungarian Parties, Analysts React To 2016 Budget Proposal
- 22 Apr 2015 9:00 AM
- business
Antal Rogán, head of the Fidesz parliamentary group, said Fidesz called the planned 2016 budget “a milestone on the path of tax cuts” and insisted that the government is a “cabinet of tax reductions”. Analysts polled by MTI said the macro figures for the 2016 budget were realistic.
Hungary’s State-Owned Hospitals Haven’t Paid Suppliers For 4 Months
- 21 Apr 2015 9:00 AM
- health & wellness
Mounting arrears to suppliers on the part of state-owned hospitals has left at least one service provider little choice but to shut down all laboratory services except those critical to saving life. Another company is seriously disappointed politically in the Fidesz government’s neglect of Hungary’s public health care system despite promising to introduce important reforms in 2010.
Anti Corruption Protests Held Across Hungary
- 20 Apr 2015 9:00 AM
- current affairs
Anti-corruption protests took place across Hungary today. In Budapest the demonstration started in front of the Eiffel Palace Office Building near the Nyugati (western) train station. A few minutes before the scheduled start of the protest it seemed as though police and members of the press would outnumber the protesters.
National Bank Of Hungary Revokes Quaestor Licence, Clearing Way For Client Compensation
- 20 Apr 2015 9:00 AM
- business
The National Bank of Hungary said it revoked the licence of brokerage Quaestor and ordered it under liquidation, clearing the way for compensation of its clients. The decision to revoke Quaestor’s licence was taken because the brokerage “cannot repay its debts, and its property and assets do not offer coverage for settlement of its liabilities”, the central bank and financial market regulator ...
Hungarian Banking Assoc Believes Quaestor Clients Have No Right To Compensation
- 20 Apr 2015 4:00 AM
- business
The Hungarian Banking Association believes clients of failed brokerage Quaestor should not receive any compensation, chief secretary Levente Kovács said on public radio. Kovács noted that Quaestor had clearly informed its clients that its securities - which paid a yield well over that of government securities - were covered neither by the National Deposit Insurance Association (OBA) nor the ...
PM's Office: "We Must Be Better Hungarians"
- 19 Apr 2015 9:00 AM
- current affairs
In a speech given on the Memorial Day for Hungarian Victims of the Holocaust, János Lázár said that “the nation is more than just a community of interests: the nation is a community of fates”. (You can turn the English subtitle on by clicking on the "captions" icon at the right bottom of the video.)
Xpat Opinion: Leaders Avoid Losses, But May Pay At The Polls
- 15 Apr 2015 9:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: When Quaestor investment house went bust, so did a lot of hard−working people. The government and Győr’s football team were unscathed, but many ordinary citizens were not.
Video: Hungary's Brokerage Scandal, Thousands May Lose Life-Savings
- 8 Apr 2015 9:00 AM
- business
Hungary’s National Bank is still trying to estimate the fallout from its seizure of brokerage firm Quaestor. The company was shut down this week, the third security and investment firm to have its activities suspended within weeks. Investigators believe it may have invested scores of billions of euros more in bonds than it was allowed to under its bond insurance programme.
Hungarian Party LMP Presses Ministry To Release List Of Diplomatic Passports
- 27 Apr 2015 10:00 AM
- current affairs
The opposition LMP party is filing a lawsuit in a bid to force the foreign ministry to reveal a list of diplomatic passport-holders over the past five years. Bernadett Szél, LMP’s coleader, noted in a statement on Friday that Csaba Tarsoly, the owner of bankrupted brokerage firm Quaestor now under arrest on suspicion of fraud, had made several trips around the world using a diplomatic passport ...
Hungarian Parties, Analysts React To 2016 Budget Proposal
- 22 Apr 2015 9:00 AM
- business
Antal Rogán, head of the Fidesz parliamentary group, said Fidesz called the planned 2016 budget “a milestone on the path of tax cuts” and insisted that the government is a “cabinet of tax reductions”. Analysts polled by MTI said the macro figures for the 2016 budget were realistic.
Hungary’s State-Owned Hospitals Haven’t Paid Suppliers For 4 Months
- 21 Apr 2015 9:00 AM
- health & wellness
Mounting arrears to suppliers on the part of state-owned hospitals has left at least one service provider little choice but to shut down all laboratory services except those critical to saving life. Another company is seriously disappointed politically in the Fidesz government’s neglect of Hungary’s public health care system despite promising to introduce important reforms in 2010.
Anti Corruption Protests Held Across Hungary
- 20 Apr 2015 9:00 AM
- current affairs
Anti-corruption protests took place across Hungary today. In Budapest the demonstration started in front of the Eiffel Palace Office Building near the Nyugati (western) train station. A few minutes before the scheduled start of the protest it seemed as though police and members of the press would outnumber the protesters.
National Bank Of Hungary Revokes Quaestor Licence, Clearing Way For Client Compensation
- 20 Apr 2015 9:00 AM
- business
The National Bank of Hungary said it revoked the licence of brokerage Quaestor and ordered it under liquidation, clearing the way for compensation of its clients. The decision to revoke Quaestor’s licence was taken because the brokerage “cannot repay its debts, and its property and assets do not offer coverage for settlement of its liabilities”, the central bank and financial market regulator ...
Hungarian Banking Assoc Believes Quaestor Clients Have No Right To Compensation
- 20 Apr 2015 4:00 AM
- business
The Hungarian Banking Association believes clients of failed brokerage Quaestor should not receive any compensation, chief secretary Levente Kovács said on public radio. Kovács noted that Quaestor had clearly informed its clients that its securities - which paid a yield well over that of government securities - were covered neither by the National Deposit Insurance Association (OBA) nor the ...
PM's Office: "We Must Be Better Hungarians"
- 19 Apr 2015 9:00 AM
- current affairs
In a speech given on the Memorial Day for Hungarian Victims of the Holocaust, János Lázár said that “the nation is more than just a community of interests: the nation is a community of fates”. (You can turn the English subtitle on by clicking on the "captions" icon at the right bottom of the video.)
Xpat Opinion: Leaders Avoid Losses, But May Pay At The Polls
- 15 Apr 2015 9:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: When Quaestor investment house went bust, so did a lot of hard−working people. The government and Győr’s football team were unscathed, but many ordinary citizens were not.
Video: Hungary's Brokerage Scandal, Thousands May Lose Life-Savings
- 8 Apr 2015 9:00 AM
- business
Hungary’s National Bank is still trying to estimate the fallout from its seizure of brokerage firm Quaestor. The company was shut down this week, the third security and investment firm to have its activities suspended within weeks. Investigators believe it may have invested scores of billions of euros more in bonds than it was allowed to under its bond insurance programme.