269 result(s) for nbh
Hungarian Analysts See Continued Easing On Ties
- 23 Jun 2015 9:00 AM
- business
Hungarian analysts expect the National Bank of Hungary to continue an easing cycle at a steady pace at a policy meeting. K and H chief analyst Dávid Németh said the central bank’s Monetary Council would probably reduce the base rate by 15 basis points to 1.50%. The cut is likely to be the last of the cycle on the chance that inflation rises faster than expected and reaches the NBH’s mid-term ...
Hungary’s Ad Tax Exemption Threshold Still Too High For Brussels
- 19 May 2015 9:00 AM
- business
The European Commission believes the proposed 100 million forints (EUR 325,000) exemption threshold for the advertising tax is still too high. The government is in talks with Brussels on the matter, Economy Minister Mihály Varga told commercial television ATV. The government has proposed making the ad tax rate a flat 5.3%, but allowing an exemption on a tax base up to 100 million forints.
Munkácsy’s Christ Trilogy Reunited In E Hungary
- 13 May 2015 9:04 AM
- community & culture
Hungarian painter Mihály Munkácsy’s famous Christ Trilogy was reunited in Debrecen, in eastern Hungary, after Christ before Pilate (1881) arrived in the city’s Déri Museum. Zoltán Balog, Hungary’s human resources minister, announced in February that the state had acquired the painting. Debrecen mayor László Papp said the painting’s return was a historic event, and noted that the trilogy ...
IMF Projects Faster Economic Growth In Hungary
- 12 May 2015 9:00 AM
- business
The International Monetary Fund raised its forecast for Hungary’s economic growth in its Regional Economic Issues report. Growth could reach 2.7% this year according to the new report. The forecast was raised from 2.3% in the previous report published in October 2014. For 2016, the IMF expects growth of 2.3%.
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 ...
Mihály Varga: High Time For A Credit Rating Upgrade
- 23 Mar 2015 8:00 AM
- business
The country’s situation warrants an upgrade by credit rating agencies, as over the past years Hungary’s current account has posted massive surpluses, general government budget deficit has been below 3 percent for years, economic growth has been picking up and employment shows steady improvement, Minister for National Economy Mihály Varga said at the Hungarian Business Leaders Forum held in ...
C Bank Suing Hungarian Liberal Party Politician Over False Statements
- 19 Mar 2015 8:00 AM
- current affairs
The National Bank of Hungary said it is suing Zoltán Bodnár of the opposition Hungarian Liberal Party for making false statements about the activities of the bank. The NBH dismissed the statements “made purely for political gain” and asked for corrections from the media that carried them.
Regional Survey: Why Do East European Expats Stay In The West?
- 18 Mar 2015 8:00 AM
- community & culture
Many of the Hungarian expatriates in the West originally meant to work away from home just for a few years but eventually they never return. Most of them remit money to their relatives but, paradoxically, the remittances might have a negative effect on the Hungarian economy.
Buda-Cash Investigation Should Target Role Of Central Bank
- 10 Mar 2015 8:00 AM
- business
An investigation into the Buda-Cash brokerage scandal should also examine the role of the central bank, former finance minister János Veres said. “Deficient” regulatory oversight by the central bank under the governing Fidesz party and the bank’s governor György Matolcsy had allowed funds of more than 100,000 clients to disappear.
Hungarian Analysts See Continued Easing On Ties
- 23 Jun 2015 9:00 AM
- business
Hungarian analysts expect the National Bank of Hungary to continue an easing cycle at a steady pace at a policy meeting. K and H chief analyst Dávid Németh said the central bank’s Monetary Council would probably reduce the base rate by 15 basis points to 1.50%. The cut is likely to be the last of the cycle on the chance that inflation rises faster than expected and reaches the NBH’s mid-term ...
Hungary’s Ad Tax Exemption Threshold Still Too High For Brussels
- 19 May 2015 9:00 AM
- business
The European Commission believes the proposed 100 million forints (EUR 325,000) exemption threshold for the advertising tax is still too high. The government is in talks with Brussels on the matter, Economy Minister Mihály Varga told commercial television ATV. The government has proposed making the ad tax rate a flat 5.3%, but allowing an exemption on a tax base up to 100 million forints.
Munkácsy’s Christ Trilogy Reunited In E Hungary
- 13 May 2015 9:04 AM
- community & culture
Hungarian painter Mihály Munkácsy’s famous Christ Trilogy was reunited in Debrecen, in eastern Hungary, after Christ before Pilate (1881) arrived in the city’s Déri Museum. Zoltán Balog, Hungary’s human resources minister, announced in February that the state had acquired the painting. Debrecen mayor László Papp said the painting’s return was a historic event, and noted that the trilogy ...
IMF Projects Faster Economic Growth In Hungary
- 12 May 2015 9:00 AM
- business
The International Monetary Fund raised its forecast for Hungary’s economic growth in its Regional Economic Issues report. Growth could reach 2.7% this year according to the new report. The forecast was raised from 2.3% in the previous report published in October 2014. For 2016, the IMF expects growth of 2.3%.
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 ...
Mihály Varga: High Time For A Credit Rating Upgrade
- 23 Mar 2015 8:00 AM
- business
The country’s situation warrants an upgrade by credit rating agencies, as over the past years Hungary’s current account has posted massive surpluses, general government budget deficit has been below 3 percent for years, economic growth has been picking up and employment shows steady improvement, Minister for National Economy Mihály Varga said at the Hungarian Business Leaders Forum held in ...
C Bank Suing Hungarian Liberal Party Politician Over False Statements
- 19 Mar 2015 8:00 AM
- current affairs
The National Bank of Hungary said it is suing Zoltán Bodnár of the opposition Hungarian Liberal Party for making false statements about the activities of the bank. The NBH dismissed the statements “made purely for political gain” and asked for corrections from the media that carried them.
Regional Survey: Why Do East European Expats Stay In The West?
- 18 Mar 2015 8:00 AM
- community & culture
Many of the Hungarian expatriates in the West originally meant to work away from home just for a few years but eventually they never return. Most of them remit money to their relatives but, paradoxically, the remittances might have a negative effect on the Hungarian economy.
Buda-Cash Investigation Should Target Role Of Central Bank
- 10 Mar 2015 8:00 AM
- business
An investigation into the Buda-Cash brokerage scandal should also examine the role of the central bank, former finance minister János Veres said. “Deficient” regulatory oversight by the central bank under the governing Fidesz party and the bank’s governor György Matolcsy had allowed funds of more than 100,000 clients to disappear.