319 result(s) for nbh
Hungary’s Central Bank Rejects Opposition Attack On Their Independence
- 8 Sep 2014 4:00 AM
- current affairs
Opposition parties are trying to limit the independence of the central bank, the National Bank of Hungary said. “In recent weeks, some political parties and media outlets close to them have tried, unsuccessfully, to question the legal standing of the NBH in the central bank act and resolutions on its basic tasks,” the bank said.
Hungarian Socialists Criticise Banknote Revamp
- 4 Sep 2014 9:00 AM
- current affairs
The National Bank of Hungary (NBH) on Monday announced it would revamp the banknotes it issues in 2014-2018. The opposition Socialists interpreted the announcement as the government’s admission that it has dropped plans to introduce the euro in Hungary. Sándor Burány, Socialist head of parliament’s budget committee, told MTI that “the government prefers a weak forint, which increases the burden ...
Hungary’s NBH Comments Luxury Office Building Purchase
- 28 Aug 2014 9:00 AM
- property
The National Bank of Hungary (NBH) has purchased the Eiffel Palace office building, located in the centre of Budapest, for EUR 45.3m not including VAT, in order to exploit the advantages from the property investment, the NBH told MTI. The NBH also said the purchase could have a positive effect on the bank’s results.
Hungary’s NBH Leaves Rates On Hold, As Expected
- 27 Aug 2014 9:00 AM
- business
Hungary’s central bank rate-setters left the base rate unchanged at 2.1% at their regular rate-setting meeting on Tuesday. The decision was in line with market expectations. After the previous rate-setting meeting on July 22, when the base rate was reduced from 2.3% to the current level, the Council said it had wound up an easing cycle started almost two years earlier.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
Parties Comment On Hungary Debt Ratio Rise
- 19 Aug 2014 10:00 AM
- current affairs
Hungary’s public debt, calculated at nominal value, in line with Maastricht methodology, reached 25,432 billion forints (EUR 81.2bn), or 85.1% of GDP, at the end of June, preliminary data on financial accounts published by the National Bank of Hungary (NBH) on Monday show. Transactions raised the debt by 434 billion forints during the period. The weaker forint boosted it by 65 billion forints. ...
Hungarian Banks Disburse HUF 238.7bn In Funding For Growth Scheme
- 6 Aug 2014 9:00 AM
- business
Up to the end of last week, credit institutions participating in the second phase of the Funding for Growth scheme of the National Bank of Hungary concluded contracts for a total amount of 295.2 billion forints in 9,842 transactions with 7,290 enterprises, up from 223.4 billion forints for 5,834 businesses by the end of June, the central bank said on Tuesday.
Hungary’s Forint Sharply Down On Interbank Market
- 30 Jul 2014 9:00 AM
- business
The forint was trading at 310.79 to the euro late Tuesday on the interbank forex market, down from 308.98 late Monday. At 308.96 to the euro early Tuesday, the forint moved between 308.77 and 311.31, a ten-day low. The Hungarian currency sank back to levels before the decision of the National Bank of Hungary (NBH) a week ago to stop its easing cycle.
Hungarian Govt To Freeze 110 Billion Forints In Spending
- 18 Jul 2014 9:00 AM
- current affairs
The government will freeze 110 billion forints (EUR 355m) in central budget expenditures to ensure that this year’s 2.9%-of-GDP deficit target can be met, Economy Minister Mihály Varga said on Thursday. The freeze will not affect families or businesses, only government expenditures, he said at a conference of the Hungarian Economic Association and the Fiscal Council.
Hungary’s Central Bank Rejects Opposition Attack On Their Independence
- 8 Sep 2014 4:00 AM
- current affairs
Opposition parties are trying to limit the independence of the central bank, the National Bank of Hungary said. “In recent weeks, some political parties and media outlets close to them have tried, unsuccessfully, to question the legal standing of the NBH in the central bank act and resolutions on its basic tasks,” the bank said.
Hungarian Socialists Criticise Banknote Revamp
- 4 Sep 2014 9:00 AM
- current affairs
The National Bank of Hungary (NBH) on Monday announced it would revamp the banknotes it issues in 2014-2018. The opposition Socialists interpreted the announcement as the government’s admission that it has dropped plans to introduce the euro in Hungary. Sándor Burány, Socialist head of parliament’s budget committee, told MTI that “the government prefers a weak forint, which increases the burden ...
Hungary’s NBH Comments Luxury Office Building Purchase
- 28 Aug 2014 9:00 AM
- property
The National Bank of Hungary (NBH) has purchased the Eiffel Palace office building, located in the centre of Budapest, for EUR 45.3m not including VAT, in order to exploit the advantages from the property investment, the NBH told MTI. The NBH also said the purchase could have a positive effect on the bank’s results.
Hungary’s NBH Leaves Rates On Hold, As Expected
- 27 Aug 2014 9:00 AM
- business
Hungary’s central bank rate-setters left the base rate unchanged at 2.1% at their regular rate-setting meeting on Tuesday. The decision was in line with market expectations. After the previous rate-setting meeting on July 22, when the base rate was reduced from 2.3% to the current level, the Council said it had wound up an easing cycle started almost two years earlier.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
Parties Comment On Hungary Debt Ratio Rise
- 19 Aug 2014 10:00 AM
- current affairs
Hungary’s public debt, calculated at nominal value, in line with Maastricht methodology, reached 25,432 billion forints (EUR 81.2bn), or 85.1% of GDP, at the end of June, preliminary data on financial accounts published by the National Bank of Hungary (NBH) on Monday show. Transactions raised the debt by 434 billion forints during the period. The weaker forint boosted it by 65 billion forints. ...
Hungarian Banks Disburse HUF 238.7bn In Funding For Growth Scheme
- 6 Aug 2014 9:00 AM
- business
Up to the end of last week, credit institutions participating in the second phase of the Funding for Growth scheme of the National Bank of Hungary concluded contracts for a total amount of 295.2 billion forints in 9,842 transactions with 7,290 enterprises, up from 223.4 billion forints for 5,834 businesses by the end of June, the central bank said on Tuesday.
Hungary’s Forint Sharply Down On Interbank Market
- 30 Jul 2014 9:00 AM
- business
The forint was trading at 310.79 to the euro late Tuesday on the interbank forex market, down from 308.98 late Monday. At 308.96 to the euro early Tuesday, the forint moved between 308.77 and 311.31, a ten-day low. The Hungarian currency sank back to levels before the decision of the National Bank of Hungary (NBH) a week ago to stop its easing cycle.
Hungarian Govt To Freeze 110 Billion Forints In Spending
- 18 Jul 2014 9:00 AM
- current affairs
The government will freeze 110 billion forints (EUR 355m) in central budget expenditures to ensure that this year’s 2.9%-of-GDP deficit target can be met, Economy Minister Mihály Varga said on Thursday. The freeze will not affect families or businesses, only government expenditures, he said at a conference of the Hungarian Economic Association and the Fiscal Council.