152 result(s) for repayment
Orbán: Repayment Of IMF-EU Loan ‘Unprecedented Achievement’
- 8 Apr 2016 9:00 AM
- business
The repayment of an IMF-EU loan by Hungary is an “unprecedented achievement” in the current global economic environment which “would not have been possible without friends, such as the Organisation for Economic Co-operation and Development (OECD),” Prime Minister Viktor Orbán said in Paris. Orbán held talks with OECD Secretary-General Ángel Gurría and addressed the organisation’s council session.
Hungary Fully Reimbursed IMF - European Commission Loan
- 7 Apr 2016 9:00 AM
- business
On 6 April 2016, the European Commission credited the last instalment, EUR 1.5bn, of the loan facility that the former Hungarian government had received from the IMF and the European Commission in 2008 and 2009, Minister for National Economy Mihály Varga announced. With this step, he added, the Government has reached its goal of creating economic policy independence also in terms of state ...
Opposition Demands Ruling Parties Refund Anti-Quota Campaign Costs
- 22 Feb 2016 8:00 AM
- current affairs
Several opposition parties demanded that the ruling Fidesz-Christian Democrat coalition should pay back into the budget the funds spent on their earlier billboard campaigns, advertising a tough stance against plans of a quota system. Daniel Z Kárpát, the deputy leader of the radical nationalist Jobbik party said that his party was against the idea that migrants should be distributed among EU ...
Energiaklub Informs Brussels Of Objections To Paks Upgrade
- 17 Feb 2016 8:00 AM
- current affairs
Hungary has not shown that it can recoup the costs of the Paks II investment, the Energiaklub climate policy institute said in its assessment of the project sent to the European Commission. Energiaklub said the state had failed to conduct a detailed study before taking the decision to expand the nuclear plant.
Hungary’s Intl Reserves Fall, But Remain Well Over Short-Term Debt In Q3 - NBH
- 6 Jan 2016 8:00 AM
- business
The National Bank of Hungary’s international reserves fell by 2.6 billion euros to 32.1 billion in the third quarter, but were still well over the country’s short-term external debt, a central bank quarterly report shows. As Hungary’s gross short-term debt stood at 21.7 billion euros at the end of Q3, the international reserves well exceed the 1:1 ratio prescribed under the Guidotti-Greenspan ...
Hungary’s Asset Manager Holds 20,000 Homes
- 26 Oct 2015 8:00 AM
- property
National asset manager Nemzeti Eszközkezelő holds almost 20,000 foreclosed homes, after acquiring some 5,000 properties in the period of January-September, Hungarian daily Magyar Idők said. The company told the paper that since it began operations in 2012, its debtor bailout option has helped borrowers struggling with foreign currency loan repayments to get rid of a combined HUF 160 bln in ...
Hungarian National Bank Outlaws Asset Manager
- 19 Oct 2015 9:00 AM
- business
The MNB has banned the activities of asset manager Riches Builder and Seychelles-registered Riches Builder Investment and fined them Ft 338 million for collecting deposits without a licence. The two companies promised outstandingly high yields and repayment guarantees. An aggravating factor in the case was that the companies did not co-operate fully with the MNB during the investigation. The ...
Hungarian Forint Liquidity Of Banking Sector Falls In Sept
- 13 Oct 2015 9:00 AM
- business
Forint liquidity of Hungary’s banking sector fell in September from a month earlier, reflected mainly in the lower average stocks of two-week central bank deposits, the National Bank of Hungary said in a report. The average stock of two-week deposits decreased by 241.8 billion forints to 4,290 billion, the report based on preliminary data shows. The average stock of external assets fell by 350 ...
Real Estate Market On The Rise In Budapest
- 6 Aug 2015 11:45 AM
- property
The growing popularity of online vacation rentals has driven up demand for flats in central Budapest. Home sales in the centre of the capital have risen 40% in just a year, according to real-estate agent Otthon Centrum. Demand is highest for 40-60sqm flats in need of renovation. Interest is strong for flats in the 7th district, where local ruin pubs draw young travellers, as well as in the ...
Orbán: Repayment Of IMF-EU Loan ‘Unprecedented Achievement’
- 8 Apr 2016 9:00 AM
- business
The repayment of an IMF-EU loan by Hungary is an “unprecedented achievement” in the current global economic environment which “would not have been possible without friends, such as the Organisation for Economic Co-operation and Development (OECD),” Prime Minister Viktor Orbán said in Paris. Orbán held talks with OECD Secretary-General Ángel Gurría and addressed the organisation’s council session.
Hungary Fully Reimbursed IMF - European Commission Loan
- 7 Apr 2016 9:00 AM
- business
On 6 April 2016, the European Commission credited the last instalment, EUR 1.5bn, of the loan facility that the former Hungarian government had received from the IMF and the European Commission in 2008 and 2009, Minister for National Economy Mihály Varga announced. With this step, he added, the Government has reached its goal of creating economic policy independence also in terms of state ...
Opposition Demands Ruling Parties Refund Anti-Quota Campaign Costs
- 22 Feb 2016 8:00 AM
- current affairs
Several opposition parties demanded that the ruling Fidesz-Christian Democrat coalition should pay back into the budget the funds spent on their earlier billboard campaigns, advertising a tough stance against plans of a quota system. Daniel Z Kárpát, the deputy leader of the radical nationalist Jobbik party said that his party was against the idea that migrants should be distributed among EU ...
Energiaklub Informs Brussels Of Objections To Paks Upgrade
- 17 Feb 2016 8:00 AM
- current affairs
Hungary has not shown that it can recoup the costs of the Paks II investment, the Energiaklub climate policy institute said in its assessment of the project sent to the European Commission. Energiaklub said the state had failed to conduct a detailed study before taking the decision to expand the nuclear plant.
Hungary’s Intl Reserves Fall, But Remain Well Over Short-Term Debt In Q3 - NBH
- 6 Jan 2016 8:00 AM
- business
The National Bank of Hungary’s international reserves fell by 2.6 billion euros to 32.1 billion in the third quarter, but were still well over the country’s short-term external debt, a central bank quarterly report shows. As Hungary’s gross short-term debt stood at 21.7 billion euros at the end of Q3, the international reserves well exceed the 1:1 ratio prescribed under the Guidotti-Greenspan ...
Hungary’s Asset Manager Holds 20,000 Homes
- 26 Oct 2015 8:00 AM
- property
National asset manager Nemzeti Eszközkezelő holds almost 20,000 foreclosed homes, after acquiring some 5,000 properties in the period of January-September, Hungarian daily Magyar Idők said. The company told the paper that since it began operations in 2012, its debtor bailout option has helped borrowers struggling with foreign currency loan repayments to get rid of a combined HUF 160 bln in ...
Hungarian National Bank Outlaws Asset Manager
- 19 Oct 2015 9:00 AM
- business
The MNB has banned the activities of asset manager Riches Builder and Seychelles-registered Riches Builder Investment and fined them Ft 338 million for collecting deposits without a licence. The two companies promised outstandingly high yields and repayment guarantees. An aggravating factor in the case was that the companies did not co-operate fully with the MNB during the investigation. The ...
Hungarian Forint Liquidity Of Banking Sector Falls In Sept
- 13 Oct 2015 9:00 AM
- business
Forint liquidity of Hungary’s banking sector fell in September from a month earlier, reflected mainly in the lower average stocks of two-week central bank deposits, the National Bank of Hungary said in a report. The average stock of two-week deposits decreased by 241.8 billion forints to 4,290 billion, the report based on preliminary data shows. The average stock of external assets fell by 350 ...
Real Estate Market On The Rise In Budapest
- 6 Aug 2015 11:45 AM
- property
The growing popularity of online vacation rentals has driven up demand for flats in central Budapest. Home sales in the centre of the capital have risen 40% in just a year, according to real-estate agent Otthon Centrum. Demand is highest for 40-60sqm flats in need of renovation. Interest is strong for flats in the 7th district, where local ruin pubs draw young travellers, as well as in the ...