334 result(s) for ownership
Hungarian Opposition Parties Criticise Erste Purchase
- 12 Feb 2015 11:30 AM
- current affairs
The opposition Socialist, Liberal and green LMP parties have slammed the government for signing a memorandum of understanding under which the state of Hungary would obtain a stake in Erste Bank Hungary. The Socialists said that “the corrupt government’s move” could cost taxpayers hundreds of billions of forints, and asked who would benefit from the deal.
Meet Lajos Simicska: Fidesz’s Enigmatic Oligarch
- 12 Feb 2015 8:00 AM
- current affairs
“From the time of its founding Fidesz did not have outside supporters. We wanted to avoid being beholden to domestic and foreign groups, and for this reason had to develop our own sources of income.” – Lajos Simicska, Fidesz economic director, October 1994 “Hungary needs large Hungarian companies in the financial sector, the insurance […]
Lajos Simicska: I Will Not Be Orban’s Partner In Building A New Dictatorship
- 9 Feb 2015 8:00 AM
- current affairs
Fidesz oligarch and Hungarian media and construction tycoon Lajos Simicska gave yet another interview, this time to Hungarian website Magyar Narancs. Simicska talks about his split with Orban over the latter’s plans to create a new dictatorship.
Photo: Viktor Orban (left) and Lajos Simicska (right) during the first Orban government (2008-2012)
Photo: Viktor Orban (left) and Lajos Simicska (right) during the first Orban government (2008-2012)
Xpat Opinion: Without Foreigners, We Dance Alone
- 15 Jan 2015 2:40 AM
- current affairs
By Tom Popper, Managing Editor, Budapest Business Journal: Back in May 2012, Prime Minister Viktor Orbán famously spoke of the “peacock dance” of diplomacy, in which one seeks to remain friendly with foreign powers, even while acting against their wishes.
Minister, Opposition On Strasbourg Court Ruling Against Hungary
- 14 Jan 2015 8:00 AM
- current affairs
The state of Hungary violated rules protecting private ownership when it stripped a tobacconist of his licence in 2013, the European Court of Human Rights ruled. The case was filed by László Vékony of Sopron, in western Hungary, who lost his licence to sell tobacco products after Hungary decided to make the retail trade of tobacco a state monopoly.
Jobbik Calls On Govt To Withdraw Planned Tax On Solar Panels
- 13 Jan 2015 8:00 AM
- current affairs
The radical nationalist Jobbik party has called on the government to withdraw solar panels from an environmental product fee, saying that the tax would be “yet another nail in the coffin” of Hungary’s economic and energy independence. Lawmaker Lajos Kepli said that the government had made needless “luxury investments” and pursued a reckless economic policy, and such taxes were desperate measures ...
Hungary Seeks To Restore Domestic Ownership Of Major Enterprises
- 22 Dec 2014 8:00 AM
- current affairs
The Hungarian government is attempting to restore large enterprises to Hungarian state ownership. It is working hard to convince foreign owners to sell their assets to Hungarian investors. Heti Válasz offers a wrap-up of the four-year process, which includes, among other sectors, electricity generation and the media.
Hungary’s Central Bank To Guarantee MKB Bank
- 19 Dec 2014 8:00 AM
- business
The government has asked the central bank to contribute towards efforts to reorganise and strengthen MKB Bank. Speaking at a press conference held with Prime Minister Viktor Orbán, György Matolcsy, the central bank governor, said the National Bank of Hungary would guarantee the “full liquidity” of MKB Bank recently acquired by the state.
Xpat Opnion: First State-Owned Hungarian Bank Is Already In Trouble
- 19 Dec 2014 12:00 AM
- current affairs
Great interest preceded a press conference held jointly by Prime Minister Viktor Orbán and György Matolcsy, governor of the Hungarian National Bank (HNB), this morning. What was so important that these two men would have to appear together in public? It had to be something momentous. Well, it was. The newly “nationalized” Magyar Külkereskedemi Bank (MKB) is in serious trouble and the Hungarian ...
Hungarian Opposition Parties Criticise Erste Purchase
- 12 Feb 2015 11:30 AM
- current affairs
The opposition Socialist, Liberal and green LMP parties have slammed the government for signing a memorandum of understanding under which the state of Hungary would obtain a stake in Erste Bank Hungary. The Socialists said that “the corrupt government’s move” could cost taxpayers hundreds of billions of forints, and asked who would benefit from the deal.
Meet Lajos Simicska: Fidesz’s Enigmatic Oligarch
- 12 Feb 2015 8:00 AM
- current affairs
“From the time of its founding Fidesz did not have outside supporters. We wanted to avoid being beholden to domestic and foreign groups, and for this reason had to develop our own sources of income.” – Lajos Simicska, Fidesz economic director, October 1994 “Hungary needs large Hungarian companies in the financial sector, the insurance […]
Lajos Simicska: I Will Not Be Orban’s Partner In Building A New Dictatorship
- 9 Feb 2015 8:00 AM
- current affairs
Fidesz oligarch and Hungarian media and construction tycoon Lajos Simicska gave yet another interview, this time to Hungarian website Magyar Narancs. Simicska talks about his split with Orban over the latter’s plans to create a new dictatorship.
Photo: Viktor Orban (left) and Lajos Simicska (right) during the first Orban government (2008-2012)
Photo: Viktor Orban (left) and Lajos Simicska (right) during the first Orban government (2008-2012)
Xpat Opinion: Without Foreigners, We Dance Alone
- 15 Jan 2015 2:40 AM
- current affairs
By Tom Popper, Managing Editor, Budapest Business Journal: Back in May 2012, Prime Minister Viktor Orbán famously spoke of the “peacock dance” of diplomacy, in which one seeks to remain friendly with foreign powers, even while acting against their wishes.
Minister, Opposition On Strasbourg Court Ruling Against Hungary
- 14 Jan 2015 8:00 AM
- current affairs
The state of Hungary violated rules protecting private ownership when it stripped a tobacconist of his licence in 2013, the European Court of Human Rights ruled. The case was filed by László Vékony of Sopron, in western Hungary, who lost his licence to sell tobacco products after Hungary decided to make the retail trade of tobacco a state monopoly.
Jobbik Calls On Govt To Withdraw Planned Tax On Solar Panels
- 13 Jan 2015 8:00 AM
- current affairs
The radical nationalist Jobbik party has called on the government to withdraw solar panels from an environmental product fee, saying that the tax would be “yet another nail in the coffin” of Hungary’s economic and energy independence. Lawmaker Lajos Kepli said that the government had made needless “luxury investments” and pursued a reckless economic policy, and such taxes were desperate measures ...
Hungary Seeks To Restore Domestic Ownership Of Major Enterprises
- 22 Dec 2014 8:00 AM
- current affairs
The Hungarian government is attempting to restore large enterprises to Hungarian state ownership. It is working hard to convince foreign owners to sell their assets to Hungarian investors. Heti Válasz offers a wrap-up of the four-year process, which includes, among other sectors, electricity generation and the media.
Hungary’s Central Bank To Guarantee MKB Bank
- 19 Dec 2014 8:00 AM
- business
The government has asked the central bank to contribute towards efforts to reorganise and strengthen MKB Bank. Speaking at a press conference held with Prime Minister Viktor Orbán, György Matolcsy, the central bank governor, said the National Bank of Hungary would guarantee the “full liquidity” of MKB Bank recently acquired by the state.
Xpat Opnion: First State-Owned Hungarian Bank Is Already In Trouble
- 19 Dec 2014 12:00 AM
- current affairs
Great interest preceded a press conference held jointly by Prime Minister Viktor Orbán and György Matolcsy, governor of the Hungarian National Bank (HNB), this morning. What was so important that these two men would have to appear together in public? It had to be something momentous. Well, it was. The newly “nationalized” Magyar Külkereskedemi Bank (MKB) is in serious trouble and the Hungarian ...