• 22 Nov 2024

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Banks in Hungary Deny Enhancing Profits During Wartime

Banks in Hungary Deny Enhancing Profits During Wartime

The Hungarian Banking Association denied on Tuesday that the bank sector had enhanced profits during wartime, insisting it had been among those suffering the economic uncertainties caused by the war and had endured the burdens of various government measures “in a disciplined and cooperative manner”.
SPAR’s “Attacks” Against Gov't Driven by “Loss-Making Position” of its Local Business

SPAR’s “Attacks” Against Gov't Driven by “Loss-Making Position” of its Local Business

The national economy ministry called communication by the Austrian owner of SPAR supermarkets in Hungary on government measures to bring down inflation “malicious” and “false”.
BUX Up: Budapest Stock Exchange Rallies to Record High

BUX Up: Budapest Stock Exchange Rallies to Record High

The Budapest BUX share index finished Thursday up 2.71% at 60,475.92, extending gains after an early-session advance.
Rules on Personal Income Tax in Hungary Simplified, More Tax Changes Approved by Lawmakers

Rules on Personal Income Tax in Hungary Simplified, More Tax Changes Approved by Lawmakers

Lawmakers approved a package of tax changes submitted by the government on Tuesday. The law passed with 116 votes in support, 47 against and 7 abstentions.
MBH Launches Investment Bank, Aims to Create Market Leader in Field Of Money And Capital Markets in Hungary

MBH Launches Investment Bank, Aims to Create Market Leader in Field Of Money And Capital Markets in Hungary

The MBH bank group has launched an investment bank subsidiary, named the MBH Befektetési Bank, the company announced.
CBank Keeps Base Rate in Hungary on Hold at 13.0%

CBank Keeps Base Rate in Hungary on Hold at 13.0%

Hungarian rate-setters kept the base rate at 13.0% at a regular policy meeting.
Major Bank in Hungary Now Offers Free Currency Conversion Between Accounts

Major Bank in Hungary Now Offers Free Currency Conversion Between Accounts

Erste Bank is offering commission-free foreign-currency conversion between bank accounts at the rates of the interbank market from July 1, the bank announced.
Base Rate Kept at 13%, but Central Bank in Hungary Cuts O/N Collateralised Loan Rate

Base Rate Kept at 13%, but Central Bank in Hungary Cuts O/N Collateralised Loan Rate

Hungarian central bank rate-setters decided to leave the base rate on hold at 13%, but voted to cut the central bank’s O/N collateralised loan rate by 100 basis points to 19.50% at a monthly policy meeting.
China Construction Bank Opens Branch in Hungary

China Construction Bank Opens Branch in Hungary

China Construction Bank (CCB), the world’s second biggest bank by assets, opened a branch in Hungary.
Banks in Hungary Deny Enhancing Profits During Wartime

Banks in Hungary Deny Enhancing Profits During Wartime

The Hungarian Banking Association denied on Tuesday that the bank sector had enhanced profits during wartime, insisting it had been among those suffering the economic uncertainties caused by the war and had endured the burdens of various government measures “in a disciplined and cooperative manner”.
SPAR’s “Attacks” Against Gov't Driven by “Loss-Making Position” of its Local Business

SPAR’s “Attacks” Against Gov't Driven by “Loss-Making Position” of its Local Business

The national economy ministry called communication by the Austrian owner of SPAR supermarkets in Hungary on government measures to bring down inflation “malicious” and “false”.
BUX Up: Budapest Stock Exchange Rallies to Record High

BUX Up: Budapest Stock Exchange Rallies to Record High

The Budapest BUX share index finished Thursday up 2.71% at 60,475.92, extending gains after an early-session advance.
Rules on Personal Income Tax in Hungary Simplified, More Tax Changes Approved by Lawmakers

Rules on Personal Income Tax in Hungary Simplified, More Tax Changes Approved by Lawmakers

Lawmakers approved a package of tax changes submitted by the government on Tuesday. The law passed with 116 votes in support, 47 against and 7 abstentions.
MBH Launches Investment Bank, Aims to Create Market Leader in Field Of Money And Capital Markets in Hungary

MBH Launches Investment Bank, Aims to Create Market Leader in Field Of Money And Capital Markets in Hungary

The MBH bank group has launched an investment bank subsidiary, named the MBH Befektetési Bank, the company announced.
CBank Keeps Base Rate in Hungary on Hold at 13.0%

CBank Keeps Base Rate in Hungary on Hold at 13.0%

Hungarian rate-setters kept the base rate at 13.0% at a regular policy meeting.
Major Bank in Hungary Now Offers Free Currency Conversion Between Accounts

Major Bank in Hungary Now Offers Free Currency Conversion Between Accounts

Erste Bank is offering commission-free foreign-currency conversion between bank accounts at the rates of the interbank market from July 1, the bank announced.
Base Rate Kept at 13%, but Central Bank in Hungary Cuts O/N Collateralised Loan Rate

Base Rate Kept at 13%, but Central Bank in Hungary Cuts O/N Collateralised Loan Rate

Hungarian central bank rate-setters decided to leave the base rate on hold at 13%, but voted to cut the central bank’s O/N collateralised loan rate by 100 basis points to 19.50% at a monthly policy meeting.
China Construction Bank Opens Branch in Hungary

China Construction Bank Opens Branch in Hungary

China Construction Bank (CCB), the world’s second biggest bank by assets, opened a branch in Hungary.