290 result(s) for reserves
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 ...
Jobbik To File Complaint Over Hungarian Border Fence Costs
- 5 Nov 2015 8:00 AM
- current affairs
Materials and equipment used in the recent construction of the border fence between Hungary and Serbia were purchased at 5-8 times the market price, the radical nationalist Jobbik party said. Deputy leader István Apáti said that the government had provided “confusing” answers to relevant questions and added that his party would file a criminal complaint under suspicion of abuse of public funds.
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 ...
Hungary May Become Central-Europe’s Growth Hub
- 5 Oct 2015 11:00 AM
- business
Hungary has the capacity to become Central-Europe’s growth hub, Prime Minister Viktor Orbán said at the opening ceremony of the Bank of China’s RMB clearing centre in Hungary. Let us believe the Chinese (...), if they chose Budapest as their regional centre, there must plenty of steam, potential and future in this country (...). We are able to increase even our current economic performance, with ...
Hungarian Gov’t Donates To Aid Organisations
- 28 Sep 2015 9:00 AM
- current affairs
The Human Resources Ministry is about to grant a total of Ft 199.5 million from the general government reserves to three aid organisations for performing tasks related to migration, the ministry stated on Friday. The Hungarian Maltese Charity Service, the Hungarian Red Cross and the Hungarian Ecumenical Aid Organisation will each receive Ft 66.5 million.
Migrants May Cost Hungary’s Budget HUF 60bn
- 21 Sep 2015 10:00 AM
- current affairs
Economy Minister Mihály Varga has recommended that the budget be modified by adding Ft 60 billion to government reserves, due to the extra costs caused by the influx of migrants, including the fences at the borders with Serbia and Croatia.
Budget May Be Amended To Reflect Hungary’s Cost Of Migration Measures
- 15 Sep 2015 9:00 AM
- business
If the migration crisis is sustained it may be necessary to amend the budget, though for the time being measures can be paid for by making internal budget transfers, the economy minister said. Mihály Varga told public service news website hirado. hu that the government had spent almost 30 billion forints (EUR 96m) on fortifying the Serbian-Hungarian border. In addition are extra costs related to ...
Border Fence In Hungary May Be Built By Prisoners
- 9 Jul 2015 9:00 AM
- current affairs
The government will have prisoners construct the fence on the border with Serbia, Népszava writes today, based on a cabinet resolution published in official gazette Magyar Közlöny. The resolution reassigns Ft 6.57 billion from government reserves to cover costs expected to arise at corrections institutes. The sum is identical to the cost of building the barrier as announced by the government.
Hungary’s Top Court Axes Land Asset Law Amendment On National Parks
- 1 Jun 2015 12:00 PM
- current affairs
Hungary’s top court has ruled that the recent amendment to the land asset law concerning national parks is unconstitutional. At the same time the part of the law enabling the termination of lease contracts and lease rights for certain land belonging to the National Land Fund is not unconstitutional, the body ruled.
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 ...
Jobbik To File Complaint Over Hungarian Border Fence Costs
- 5 Nov 2015 8:00 AM
- current affairs
Materials and equipment used in the recent construction of the border fence between Hungary and Serbia were purchased at 5-8 times the market price, the radical nationalist Jobbik party said. Deputy leader István Apáti said that the government had provided “confusing” answers to relevant questions and added that his party would file a criminal complaint under suspicion of abuse of public funds.
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 ...
Hungary May Become Central-Europe’s Growth Hub
- 5 Oct 2015 11:00 AM
- business
Hungary has the capacity to become Central-Europe’s growth hub, Prime Minister Viktor Orbán said at the opening ceremony of the Bank of China’s RMB clearing centre in Hungary. Let us believe the Chinese (...), if they chose Budapest as their regional centre, there must plenty of steam, potential and future in this country (...). We are able to increase even our current economic performance, with ...
Hungarian Gov’t Donates To Aid Organisations
- 28 Sep 2015 9:00 AM
- current affairs
The Human Resources Ministry is about to grant a total of Ft 199.5 million from the general government reserves to three aid organisations for performing tasks related to migration, the ministry stated on Friday. The Hungarian Maltese Charity Service, the Hungarian Red Cross and the Hungarian Ecumenical Aid Organisation will each receive Ft 66.5 million.
Migrants May Cost Hungary’s Budget HUF 60bn
- 21 Sep 2015 10:00 AM
- current affairs
Economy Minister Mihály Varga has recommended that the budget be modified by adding Ft 60 billion to government reserves, due to the extra costs caused by the influx of migrants, including the fences at the borders with Serbia and Croatia.
Budget May Be Amended To Reflect Hungary’s Cost Of Migration Measures
- 15 Sep 2015 9:00 AM
- business
If the migration crisis is sustained it may be necessary to amend the budget, though for the time being measures can be paid for by making internal budget transfers, the economy minister said. Mihály Varga told public service news website hirado. hu that the government had spent almost 30 billion forints (EUR 96m) on fortifying the Serbian-Hungarian border. In addition are extra costs related to ...
Border Fence In Hungary May Be Built By Prisoners
- 9 Jul 2015 9:00 AM
- current affairs
The government will have prisoners construct the fence on the border with Serbia, Népszava writes today, based on a cabinet resolution published in official gazette Magyar Közlöny. The resolution reassigns Ft 6.57 billion from government reserves to cover costs expected to arise at corrections institutes. The sum is identical to the cost of building the barrier as announced by the government.
Hungary’s Top Court Axes Land Asset Law Amendment On National Parks
- 1 Jun 2015 12:00 PM
- current affairs
Hungary’s top court has ruled that the recent amendment to the land asset law concerning national parks is unconstitutional. At the same time the part of the law enabling the termination of lease contracts and lease rights for certain land belonging to the National Land Fund is not unconstitutional, the body ruled.