8 result(s) for slash in Business
Hungarian Company Közgép Slashes Workforce In Half
- 14 Oct 2015 9:00 AM
- business
Construction group Közgép yesterday announced that it will lay-off 350 employees, half of its staff, due to a plunge in new orders. The job losses will affect 283 administrative positions and 67 blue-collar jobs. Companies owned by Lajos Simicska have been hit hard by the loss of state orders since relations between the former financier of the Fidesz party and Prime Minister Viktor Orbán turned ...
Suzuki Cuts Back To One Shift In Hungary
- 14 Oct 2014 9:00 AM
- business
Magyar Suzuki has cut the number of shifts at its Esztergom factory from two to one until the end of the year, spokeswoman Viktória Ruska announced on Monday. Production of the Slash and S models has come to an end, but preparations are ongoing to begin production of a new SUV model, the Vitara, she added.
National Bank Of Hungary: Another 10bp Rate-Cut Seen Likely
- 25 Jun 2014 9:00 AM
- business
Rate setters of the (NBH) are all but certain to slash the base rate by another 10 basis points at their next meeting, and the economy’s inflation indicators and external risk environment provides scope for more easing, London-based analysts said ahead of Tuesday’s rate-setting meeting. The expected 10-basis-point cut would bring the rate to 2.3%.
Xpat Opinion: 'End The Excessive Deficit Procedure', By Ferenc Kumin
- 7 May 2013 9:00 AM
- business
Presenting the EU Commission’s spring economic forecast on Friday, Olli Rehn, the EU Commissioner for Economic and Monetary Affairs and the Euro, announced that three countries – Romania, Lithuania and Latvia – are on track to exit the excessive deficit procedure (EDP), but that Hungary and Italy would need to do more to trim the budget deficit below three percent of GDP in 2013 and 2014.
Look At What’s Happening To Inflation In Hungary, By Ferenc Kumin
- 18 Mar 2013 8:00 AM
- business
Ferenc Kumin, Deputy State Secretary For International Communications In Hungary: You guessed it. Inflation in Hungary is dropping. Let’s take a quick look at what’s happening to the forint on the exchange market and on the inflation front.
Hungarian Government Aims To Hit Deficit Targets With Spending Cuts
- 28 Feb 2012 8:00 AM
- business
"The government aims to bring the budget deficit down to 2.5% of GDP this year and to 2.2% by 2013, with new fiscal measures, largely affecting subsidies for drugs and Budapest public transport company BKV, Economy Ministry undersecretary Peter Beno Banai said. The government will reduce spending by Ft 28-30 billion, or 0.1% of GDP this year, and some Ft 120 billion next year, or 0.4% of GDP, ...
Hungarian Cabinet Rejects ECB Warning Over MNB Pay Cuts
- 15 Jul 2010 2:00 AM
- business
"The cabinet decided yesterday to proceed with plans to reduce the salary of National Bank (MNB) governor András Simor, along with those of other public officials, despite a warning from the European Central Bank (ECB) that such a move would jeopardise the MNB’s independence.
Hungary Needs "Fiscal Dictatorship" - Járai
- 11 Mar 2010 1:00 AM
- business
"Hungary would still be on the verge of sovereign default if it was not for the IMF credit, said Zsigmond Járai, former Governor of the central bank (NBH). He also told a conference in Budapest on Tuesday that the c.bank pursued a wrong monetary policy and that it should have lowered interest rates drastically. He noted that Hungary would need to rewrite its Convergence Programme as quickly as ...
Hungarian Company Közgép Slashes Workforce In Half
- 14 Oct 2015 9:00 AM
- business
Construction group Közgép yesterday announced that it will lay-off 350 employees, half of its staff, due to a plunge in new orders. The job losses will affect 283 administrative positions and 67 blue-collar jobs. Companies owned by Lajos Simicska have been hit hard by the loss of state orders since relations between the former financier of the Fidesz party and Prime Minister Viktor Orbán turned ...
Suzuki Cuts Back To One Shift In Hungary
- 14 Oct 2014 9:00 AM
- business
Magyar Suzuki has cut the number of shifts at its Esztergom factory from two to one until the end of the year, spokeswoman Viktória Ruska announced on Monday. Production of the Slash and S models has come to an end, but preparations are ongoing to begin production of a new SUV model, the Vitara, she added.
National Bank Of Hungary: Another 10bp Rate-Cut Seen Likely
- 25 Jun 2014 9:00 AM
- business
Rate setters of the (NBH) are all but certain to slash the base rate by another 10 basis points at their next meeting, and the economy’s inflation indicators and external risk environment provides scope for more easing, London-based analysts said ahead of Tuesday’s rate-setting meeting. The expected 10-basis-point cut would bring the rate to 2.3%.
Xpat Opinion: 'End The Excessive Deficit Procedure', By Ferenc Kumin
- 7 May 2013 9:00 AM
- business
Presenting the EU Commission’s spring economic forecast on Friday, Olli Rehn, the EU Commissioner for Economic and Monetary Affairs and the Euro, announced that three countries – Romania, Lithuania and Latvia – are on track to exit the excessive deficit procedure (EDP), but that Hungary and Italy would need to do more to trim the budget deficit below three percent of GDP in 2013 and 2014.
Look At What’s Happening To Inflation In Hungary, By Ferenc Kumin
- 18 Mar 2013 8:00 AM
- business
Ferenc Kumin, Deputy State Secretary For International Communications In Hungary: You guessed it. Inflation in Hungary is dropping. Let’s take a quick look at what’s happening to the forint on the exchange market and on the inflation front.
Hungarian Government Aims To Hit Deficit Targets With Spending Cuts
- 28 Feb 2012 8:00 AM
- business
"The government aims to bring the budget deficit down to 2.5% of GDP this year and to 2.2% by 2013, with new fiscal measures, largely affecting subsidies for drugs and Budapest public transport company BKV, Economy Ministry undersecretary Peter Beno Banai said. The government will reduce spending by Ft 28-30 billion, or 0.1% of GDP this year, and some Ft 120 billion next year, or 0.4% of GDP, ...
Hungarian Cabinet Rejects ECB Warning Over MNB Pay Cuts
- 15 Jul 2010 2:00 AM
- business
"The cabinet decided yesterday to proceed with plans to reduce the salary of National Bank (MNB) governor András Simor, along with those of other public officials, despite a warning from the European Central Bank (ECB) that such a move would jeopardise the MNB’s independence.
Hungary Needs "Fiscal Dictatorship" - Járai
- 11 Mar 2010 1:00 AM
- business
"Hungary would still be on the verge of sovereign default if it was not for the IMF credit, said Zsigmond Járai, former Governor of the central bank (NBH). He also told a conference in Budapest on Tuesday that the c.bank pursued a wrong monetary policy and that it should have lowered interest rates drastically. He noted that Hungary would need to rewrite its Convergence Programme as quickly as ...