344 result(s) for otp
Luxembourg Rules FX Loan Ball Is In Hungarian Court
- 29 Apr 2014 9:00 AM
- property
The European Court of Justice has ruled that it is up to Hungary’s top court to decide in the case of a private individual who sued their bank over her contract for a mortgage denominated in foreign currency, Magyar Nemzet daily says. It ruled in the case of Sebestyén versus Raiffeisen Bank, which follows a similar landmark case launched by the Kásler couple.
Hungary’s Property Developers To Complete Euro 152M Of Projects In 2014
- 29 Apr 2014 9:00 AM
- property
Members of Hungary’s Property Developers Roundtable Association (IFK) are expected to construct 71,000sqm of building space with a value of 152 million euros this year, the professional group told MTI. The scale of the projects is up 41% from last year. The value has climbed 29%. But IFK said it would still take 2-3 years for the pace of business to really pick up.
Hungary’s OTP Bank Chief: Early FX Loan Repayment “Most Damaging Measure” Of Past 4 Years
- 28 Apr 2014 9:00 AM
- property
The government’s early repayment scheme for troubled mortgageholders who borrowed in foreign currency was its most damaging measure of the past four years, OTP Bank chief Sándor Csányi told the bank’s AGM on Friday.
Hungary Returned To Hungarians, Says Orbán
- 27 Mar 2014 3:00 AM
- current affairs
Hungary has been returned to the Hungarians, the prime minister said on Wednesday, evaluating the performance of his government in the past four years. Speaking on public television, Viktor Orbán listed among major achievements the adoption of the new constitution, “saving the country from an economic and financial collapse” and an overall reform of the health-care, education, economy, ...
Lawmakers Can Modify Forex Loan Contracts, Hungary’s Constitutional Court Rules
- 18 Mar 2014 8:00 AM
- property
Existing contracts for foreign-currency mortgages may be modified by legislation, Hungary’s Constitutional Court ruled. Its decision came after the government asked the court to weigh the constitutionality of several conditions in the forex loan contracts. Among the government’s concerns was that borrowers had not been warned of the risks that a falling exchange rate would have on their monthly ...
21st Century Museums Promised In Budapest's City Park
- 4 Mar 2014 8:00 AM
- community & culture
New museums planned to be built as part of the Liget Budapest project in the City Park are expected to contribute 21st-century features to the city’s architecture, but will also treat the city’s historical heritage with respect, Minister for Human Resources Zoltán Balog says. Six museums will be set up in five buildings, including the New National Gallery and Ludwig Museum of Contemporary Art, ...
Invitation: Travel Show, Hungexpo Budapest, 27 Feb - 2 March
- 27 Feb 2014 10:45 AM
- travel
Travel around the world in one day! At the Travel exhibition, the biggest travel fair of Hungary, you can get to know the attractions, the culture and gastronomy of lots of countries from the five continents. Beside the discount travel offers you can be a globetrekker if you take part in our exciting games, which will be interesting for every age group and you can win valuable prizes too.
Rahimkulov Invests In Hungary's BTel
- 13 Feb 2014 8:00 AM
- business
Skillinvest, a firm linked to OTP investor Megdet Rahimkulov, has injected Ft 500 million into BTel, raising its stake in the telecoms company to 7.5%. Skillinvest, founded in 2013, has not yet filed financial reports with the company registry. Its leaders are Judit Bankó, Josif Vasser and Timur Rahimkulov, son of former Gazprom representative Megdet Rahimkulov.
Luxembourg Court Says Hungarian Courts Can Rule On FX Loan Issue
- 13 Feb 2014 8:00 AM
- property
The European Court of Justice said in an opinion on Wednesday that it was up to the Hungarian court to determine “whether the consumers were in a position to understand that they would be subject to additional expense by reason of the difference between the two rates of exchange” in connection with a lawsuit over mortgages denominated in foreign currency.
Luxembourg Rules FX Loan Ball Is In Hungarian Court
- 29 Apr 2014 9:00 AM
- property
The European Court of Justice has ruled that it is up to Hungary’s top court to decide in the case of a private individual who sued their bank over her contract for a mortgage denominated in foreign currency, Magyar Nemzet daily says. It ruled in the case of Sebestyén versus Raiffeisen Bank, which follows a similar landmark case launched by the Kásler couple.
Hungary’s Property Developers To Complete Euro 152M Of Projects In 2014
- 29 Apr 2014 9:00 AM
- property
Members of Hungary’s Property Developers Roundtable Association (IFK) are expected to construct 71,000sqm of building space with a value of 152 million euros this year, the professional group told MTI. The scale of the projects is up 41% from last year. The value has climbed 29%. But IFK said it would still take 2-3 years for the pace of business to really pick up.
Hungary’s OTP Bank Chief: Early FX Loan Repayment “Most Damaging Measure” Of Past 4 Years
- 28 Apr 2014 9:00 AM
- property
The government’s early repayment scheme for troubled mortgageholders who borrowed in foreign currency was its most damaging measure of the past four years, OTP Bank chief Sándor Csányi told the bank’s AGM on Friday.
Hungary Returned To Hungarians, Says Orbán
- 27 Mar 2014 3:00 AM
- current affairs
Hungary has been returned to the Hungarians, the prime minister said on Wednesday, evaluating the performance of his government in the past four years. Speaking on public television, Viktor Orbán listed among major achievements the adoption of the new constitution, “saving the country from an economic and financial collapse” and an overall reform of the health-care, education, economy, ...
Lawmakers Can Modify Forex Loan Contracts, Hungary’s Constitutional Court Rules
- 18 Mar 2014 8:00 AM
- property
Existing contracts for foreign-currency mortgages may be modified by legislation, Hungary’s Constitutional Court ruled. Its decision came after the government asked the court to weigh the constitutionality of several conditions in the forex loan contracts. Among the government’s concerns was that borrowers had not been warned of the risks that a falling exchange rate would have on their monthly ...
21st Century Museums Promised In Budapest's City Park
- 4 Mar 2014 8:00 AM
- community & culture
New museums planned to be built as part of the Liget Budapest project in the City Park are expected to contribute 21st-century features to the city’s architecture, but will also treat the city’s historical heritage with respect, Minister for Human Resources Zoltán Balog says. Six museums will be set up in five buildings, including the New National Gallery and Ludwig Museum of Contemporary Art, ...
Invitation: Travel Show, Hungexpo Budapest, 27 Feb - 2 March
- 27 Feb 2014 10:45 AM
- travel
Travel around the world in one day! At the Travel exhibition, the biggest travel fair of Hungary, you can get to know the attractions, the culture and gastronomy of lots of countries from the five continents. Beside the discount travel offers you can be a globetrekker if you take part in our exciting games, which will be interesting for every age group and you can win valuable prizes too.
Rahimkulov Invests In Hungary's BTel
- 13 Feb 2014 8:00 AM
- business
Skillinvest, a firm linked to OTP investor Megdet Rahimkulov, has injected Ft 500 million into BTel, raising its stake in the telecoms company to 7.5%. Skillinvest, founded in 2013, has not yet filed financial reports with the company registry. Its leaders are Judit Bankó, Josif Vasser and Timur Rahimkulov, son of former Gazprom representative Megdet Rahimkulov.
Luxembourg Court Says Hungarian Courts Can Rule On FX Loan Issue
- 13 Feb 2014 8:00 AM
- property
The European Court of Justice said in an opinion on Wednesday that it was up to the Hungarian court to determine “whether the consumers were in a position to understand that they would be subject to additional expense by reason of the difference between the two rates of exchange” in connection with a lawsuit over mortgages denominated in foreign currency.