8 result(s) for state of emergency in Hungary in Business
Coronavirus: Hundreds Dismissed At Continental & Hankook In Hungary
- 23 Apr 2020 9:58 AM
- http://www.hatc.hu
- business
Auto parts supplier Continental has announced the dismissal of hundreds of its employees from its factories in Mako and Vac, while tyre maker Hankook is shedding jobs gradually on a monthly basis, Chemical and Energy Industry Union (VDSZ) president Tamas Szekely told Napi.
Schengen Disintegration “Threat To Hungary’s Foreign Trade”
- 25 Sep 2015 9:00 AM
- business
If the Schengen system breaks down due to the migration crisis Hungarian companies could suffer, the foreign minister told a business conference. Péter Szijjártó said temporary border closures are causing major problems due to an increase in shipping times for companies employing just-intime manufacturing. If the Schengen system breaks down completely, lorries will have to queue at borders and ...
Xpat Opinion: Hungarian Economy Again Officially In Recession, Rival Interpretations
- 16 Aug 2012 12:40 PM
- business
The Central Statistical Office (CSO) published preliminary data on the 2nd quarter main economic indicators on Wednesday. According to their report, the Hungarian economy is now officially in recession, as economic output fell for two consecutive quarters in 2012. The leading left-wing daily claims that worsening economic data may prompt Prime Minister Viktor Orbán to seek tighter control, in ...
Hungarian State Issues Emergency Funds To Malév
- 2 Sep 2010 12:02 PM
- business
"State-owned Malév airlines has received an emergency Ft 5.7 billion loan from the government in the last few days to pay back Ft 3 billion owed to International Lease Finance Corp. (ILFC), according to a report in the weekly Figyelő.
Hungarian MFB Squads Raid Infrastructural Firms
- 6 Jul 2010 1:00 AM
- business
"The government ousted eight CEOs of state-owned companies overseen by the state development bank MFB with simultaneous “commando raids” on three infrastructural companies on Friday, index.hu reported.
Hungary's Forint Gains Sharply Against Euro On Massive EU Bailout
- 11 May 2010 3:00 AM
- business
"In tandem with the rally on global stock markets Hungary’s forint has firmed sharply on Monday morning and gained 2% versus the euro in a matter of hours. The spectacular improvement in global investor sentiment comes after an unprecedented decision by the European Union to support the embattled euro and the eurozone’s weakest nations struggling with debt with a massive bailout package of EUR ...
EU May Ease State Aid Rules To Offset Airline Losses
- 20 Apr 2010 5:00 AM
- business
"light bans triggered by a volcanic eruption in Iceland are being lifted all over Europe. Hungary has first called off overflight restrictions above 7,500 metres (24,000 feet) and then suspended general no-fly regulations at noon today. In the meantime, economists have warned that air travel disruption depends entirely on how long the eruption of the Eyjafjallajökull Volcano and the dispersion of ...
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 ...
Coronavirus: Hundreds Dismissed At Continental & Hankook In Hungary
- 23 Apr 2020 9:58 AM
- http://www.hatc.hu
- business
Auto parts supplier Continental has announced the dismissal of hundreds of its employees from its factories in Mako and Vac, while tyre maker Hankook is shedding jobs gradually on a monthly basis, Chemical and Energy Industry Union (VDSZ) president Tamas Szekely told Napi.
Schengen Disintegration “Threat To Hungary’s Foreign Trade”
- 25 Sep 2015 9:00 AM
- business
If the Schengen system breaks down due to the migration crisis Hungarian companies could suffer, the foreign minister told a business conference. Péter Szijjártó said temporary border closures are causing major problems due to an increase in shipping times for companies employing just-intime manufacturing. If the Schengen system breaks down completely, lorries will have to queue at borders and ...
Xpat Opinion: Hungarian Economy Again Officially In Recession, Rival Interpretations
- 16 Aug 2012 12:40 PM
- business
The Central Statistical Office (CSO) published preliminary data on the 2nd quarter main economic indicators on Wednesday. According to their report, the Hungarian economy is now officially in recession, as economic output fell for two consecutive quarters in 2012. The leading left-wing daily claims that worsening economic data may prompt Prime Minister Viktor Orbán to seek tighter control, in ...
Hungarian State Issues Emergency Funds To Malév
- 2 Sep 2010 12:02 PM
- business
"State-owned Malév airlines has received an emergency Ft 5.7 billion loan from the government in the last few days to pay back Ft 3 billion owed to International Lease Finance Corp. (ILFC), according to a report in the weekly Figyelő.
Hungarian MFB Squads Raid Infrastructural Firms
- 6 Jul 2010 1:00 AM
- business
"The government ousted eight CEOs of state-owned companies overseen by the state development bank MFB with simultaneous “commando raids” on three infrastructural companies on Friday, index.hu reported.
Hungary's Forint Gains Sharply Against Euro On Massive EU Bailout
- 11 May 2010 3:00 AM
- business
"In tandem with the rally on global stock markets Hungary’s forint has firmed sharply on Monday morning and gained 2% versus the euro in a matter of hours. The spectacular improvement in global investor sentiment comes after an unprecedented decision by the European Union to support the embattled euro and the eurozone’s weakest nations struggling with debt with a massive bailout package of EUR ...
EU May Ease State Aid Rules To Offset Airline Losses
- 20 Apr 2010 5:00 AM
- business
"light bans triggered by a volcanic eruption in Iceland are being lifted all over Europe. Hungary has first called off overflight restrictions above 7,500 metres (24,000 feet) and then suspended general no-fly regulations at noon today. In the meantime, economists have warned that air travel disruption depends entirely on how long the eruption of the Eyjafjallajökull Volcano and the dispersion of ...
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 ...