262 result(s) for savings
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
Hungary’s Magyar Telekom To Cut Up To 1,700 Jobs
- 24 Jul 2014 4:00 AM
- business
Magyar Telekom on Thursday said it planned to cut up to 1,700 jobs over the next year and a half, under an agreement reached with trade unions. About 40% of the redundancies are expected between October 1, 2014 and March 1, 2015, MTel said.
In Hungary Business Confidence Declines, Consumer Sentiment Improves
- 21 Jul 2014 5:00 AM
- business
GKI-Erste’s combined gauge of consumer and business confidence fell in July because of worsening expectations among companies. The index slipped 1.0 point to -3.9, GKI said. While the consumer index rose to -18.9 in July from -19.3 a month earlier, the business index dropped to 1.4 from 5.4.
Lenders Contest NBH Fines For Raising Client Fees In Hungary
- 7 May 2014 9:00 AM
- business
Nine Hungarian lenders, among them Raiffeisen, Erste and FHB, are contesting fines by the National Bank of Hungary levied for illegally raising client fees, business daily Napi Gazdaság says.
The Budapest M4 Metro: A Study In Inefficiency And Waste
- 1 Apr 2014 9:00 AM
- getting around
Originally conceived in 1972 as a means for transporting commuters between Budafok (south-west Budapest) and downtown Pest, the decision to build the Budapest M4 metro was made in May 1991 during the first Demszky administration. Nol.hu writes that the project was started without permits, without the consent of owners, without the necessary management, and without moneymoney. With the exception ...
Hungarians Hoard Cash To Avoid Taxes
- 6 Mar 2014 8:00 AM
- business
Hungarians kept a record amount of cash at the end of last year, which analysts say is likely to be linked to the avoidance of the bank transaction fee and other types of tax, business daily Világgazdaság said. According to preliminary data from the central bank of Hungary, cash holdings came to 2.6 trillion forints (EUR 8.4bn) at the end of 2013, up 11% on 2012.
Xpat Opinion: Hungary’s Leading Socialist MP’s Secret Bank Account Unearthed
- 7 Feb 2014 8:00 AM
- current affairs
Left-wing commentators call on the MSZP to disown its corrupt politicians, after a pro-government daily unveiled a secret bank account with hundreds of millions of undeclared funds possessed by Socialist Vice Chairman Gábor Simon. The leading left-wing daily adds that the scandal further diminishes the chances of the left at the election in April.
Hungarians Rainy-Day Savers
- 22 Jan 2014 8:00 AM
- current affairs
Income replacement and pension supplements are high on the list of priorities for Hungarians who regularly make savings or investments, according to a survey by market research company Nielsen.
Now On: Erika Baglyas Exhibition, Park Gallery Budapest, Until 5 January 2014
- 27 Dec 2013 8:00 AM
- entertainment
Today almost anywhere where we might take out our wallet – a shoe store, a pharmacy, a bank – we feel a compulsion to stop for a moment and take note of the collection boxes placed there by various charities. Paradoxically this is more frequent in societies where free-market capitalism has had time to take deeper root.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
Hungary’s Magyar Telekom To Cut Up To 1,700 Jobs
- 24 Jul 2014 4:00 AM
- business
Magyar Telekom on Thursday said it planned to cut up to 1,700 jobs over the next year and a half, under an agreement reached with trade unions. About 40% of the redundancies are expected between October 1, 2014 and March 1, 2015, MTel said.
In Hungary Business Confidence Declines, Consumer Sentiment Improves
- 21 Jul 2014 5:00 AM
- business
GKI-Erste’s combined gauge of consumer and business confidence fell in July because of worsening expectations among companies. The index slipped 1.0 point to -3.9, GKI said. While the consumer index rose to -18.9 in July from -19.3 a month earlier, the business index dropped to 1.4 from 5.4.
Lenders Contest NBH Fines For Raising Client Fees In Hungary
- 7 May 2014 9:00 AM
- business
Nine Hungarian lenders, among them Raiffeisen, Erste and FHB, are contesting fines by the National Bank of Hungary levied for illegally raising client fees, business daily Napi Gazdaság says.
The Budapest M4 Metro: A Study In Inefficiency And Waste
- 1 Apr 2014 9:00 AM
- getting around
Originally conceived in 1972 as a means for transporting commuters between Budafok (south-west Budapest) and downtown Pest, the decision to build the Budapest M4 metro was made in May 1991 during the first Demszky administration. Nol.hu writes that the project was started without permits, without the consent of owners, without the necessary management, and without moneymoney. With the exception ...
Hungarians Hoard Cash To Avoid Taxes
- 6 Mar 2014 8:00 AM
- business
Hungarians kept a record amount of cash at the end of last year, which analysts say is likely to be linked to the avoidance of the bank transaction fee and other types of tax, business daily Világgazdaság said. According to preliminary data from the central bank of Hungary, cash holdings came to 2.6 trillion forints (EUR 8.4bn) at the end of 2013, up 11% on 2012.
Xpat Opinion: Hungary’s Leading Socialist MP’s Secret Bank Account Unearthed
- 7 Feb 2014 8:00 AM
- current affairs
Left-wing commentators call on the MSZP to disown its corrupt politicians, after a pro-government daily unveiled a secret bank account with hundreds of millions of undeclared funds possessed by Socialist Vice Chairman Gábor Simon. The leading left-wing daily adds that the scandal further diminishes the chances of the left at the election in April.
Hungarians Rainy-Day Savers
- 22 Jan 2014 8:00 AM
- current affairs
Income replacement and pension supplements are high on the list of priorities for Hungarians who regularly make savings or investments, according to a survey by market research company Nielsen.
Now On: Erika Baglyas Exhibition, Park Gallery Budapest, Until 5 January 2014
- 27 Dec 2013 8:00 AM
- entertainment
Today almost anywhere where we might take out our wallet – a shoe store, a pharmacy, a bank – we feel a compulsion to stop for a moment and take note of the collection boxes placed there by various charities. Paradoxically this is more frequent in societies where free-market capitalism has had time to take deeper root.