209 result(s) for statement in Business
MNB Again Warns About Cryptocurrency Risks
- 22 Dec 2016 10:00 AM
- business
The National Bank of Hungary (MNB) is “once again” warning consumers that using virtual currencies, or so-called cryptocurrencies, has many risks, the central bank said in a public announcement today, after having received numerous complaints from users of such payment methods.
ICSID Orders Hungary To Pay EUR 23 Million In Damages To French Company For Violating EU Law
- 20 Dec 2016 9:31 AM
- business
The World Bank’s International Centre for the Settlement of Investment Disputes has ordered Hungary to pay EUR 23 million (more than HUF 7 billion) in damages to the French voucher company Edenred for the unlawful reorganization of the Hungarian food voucher market in 2012, a violation of EU law, reports globenewswire.com.
Diplomatic Row Breaks Out Between Hungary & Romania
- 5 Dec 2016 11:16 AM
- business
“Hungarian people have no reason to celebrate December 1st.” – Péter Szijjártó (right), Hungarian Minister for Foreign Affairs and Trade
Minimum Wages To Significantly Increase
- 24 Nov 2016 2:40 AM
- business
Wages for unskilled workers will be raised by 15% and for skilled workers by 25% in 2017, according to Hungary's economy minister, Mihály Varga. He said that in 2018 the minimum wages will be increased by a further 8% and 12%, respectively.
GE To Invest HUF 8 bln In Digital Development Center
- 30 Sep 2016 9:00 AM
- business
General Electric is planning to invest HUF 8 billion in Hungary through opening a Digital Development Center here, according to a press release issued today. The investment is expected to be formally announced on October 8.
NBH Leaves Base Rate Unchanged At 0.90%
- 24 Aug 2016 9:00 AM
- business
Hungarian rate setters kept the base rate unchanged at 0.90% at a policy meeting on Tuesday. The decision was in line with the expectations of analysts. The Council also left the interest rate corridor, a band around the base rate that prevents extreme fluctuations of interbank rates, unchanged at the meeting on Tuesday.
Zsolnay Repays Debt, Requests End Of Liquidation
- 9 Aug 2016 9:00 AM
- business
Bachar Najari, the majority owner Hungarian porcelain maker Zsolnay, on Wednesday repaid all of its debts owed to West Hungaria Bau, and asked the Zalaegerszeg court yesterday to immediately terminate a liquidation procedure against the company and to end the custodial oversight of Zsolnay, the company said in a statement.
Varga: Strong National Economies Key To Europe’s Rebound After Brexit
- 13 Jul 2016 9:00 AM
- business
Sovereign national economies are key to Europe regaining its competitiveness after Britain’s exit from the bloc, Economy Minister Mihály Varga told a meeting of the EU’s finance ministers in Brussels. The EU ministers met to discuss, among other things, measures that need to be taken at the national and EU levels to offset the negative effects of Brexit, a statement from the economy ministry said.
Moody’s Upgrades Hungary’s Banking System Outlook To Positive
- 30 Jun 2016 9:00 AM
- business
Ratings agency Moody’s Investors Service upgraded the outlook of Hungary’s banking system to positive, the rating agency said today in a report entitled “Banking System Outlook - Hungary”. Moodyʼs noted, however, that government support for banks in the EU, including Hungary, is less certain under the provisions of the EUʼs Bank Recovery and Resolution Directive.
MNB Again Warns About Cryptocurrency Risks
- 22 Dec 2016 10:00 AM
- business
The National Bank of Hungary (MNB) is “once again” warning consumers that using virtual currencies, or so-called cryptocurrencies, has many risks, the central bank said in a public announcement today, after having received numerous complaints from users of such payment methods.
ICSID Orders Hungary To Pay EUR 23 Million In Damages To French Company For Violating EU Law
- 20 Dec 2016 9:31 AM
- business
The World Bank’s International Centre for the Settlement of Investment Disputes has ordered Hungary to pay EUR 23 million (more than HUF 7 billion) in damages to the French voucher company Edenred for the unlawful reorganization of the Hungarian food voucher market in 2012, a violation of EU law, reports globenewswire.com.
Diplomatic Row Breaks Out Between Hungary & Romania
- 5 Dec 2016 11:16 AM
- business
“Hungarian people have no reason to celebrate December 1st.” – Péter Szijjártó (right), Hungarian Minister for Foreign Affairs and Trade
Minimum Wages To Significantly Increase
- 24 Nov 2016 2:40 AM
- business
Wages for unskilled workers will be raised by 15% and for skilled workers by 25% in 2017, according to Hungary's economy minister, Mihály Varga. He said that in 2018 the minimum wages will be increased by a further 8% and 12%, respectively.
GE To Invest HUF 8 bln In Digital Development Center
- 30 Sep 2016 9:00 AM
- business
General Electric is planning to invest HUF 8 billion in Hungary through opening a Digital Development Center here, according to a press release issued today. The investment is expected to be formally announced on October 8.
NBH Leaves Base Rate Unchanged At 0.90%
- 24 Aug 2016 9:00 AM
- business
Hungarian rate setters kept the base rate unchanged at 0.90% at a policy meeting on Tuesday. The decision was in line with the expectations of analysts. The Council also left the interest rate corridor, a band around the base rate that prevents extreme fluctuations of interbank rates, unchanged at the meeting on Tuesday.
Zsolnay Repays Debt, Requests End Of Liquidation
- 9 Aug 2016 9:00 AM
- business
Bachar Najari, the majority owner Hungarian porcelain maker Zsolnay, on Wednesday repaid all of its debts owed to West Hungaria Bau, and asked the Zalaegerszeg court yesterday to immediately terminate a liquidation procedure against the company and to end the custodial oversight of Zsolnay, the company said in a statement.
Varga: Strong National Economies Key To Europe’s Rebound After Brexit
- 13 Jul 2016 9:00 AM
- business
Sovereign national economies are key to Europe regaining its competitiveness after Britain’s exit from the bloc, Economy Minister Mihály Varga told a meeting of the EU’s finance ministers in Brussels. The EU ministers met to discuss, among other things, measures that need to be taken at the national and EU levels to offset the negative effects of Brexit, a statement from the economy ministry said.
Moody’s Upgrades Hungary’s Banking System Outlook To Positive
- 30 Jun 2016 9:00 AM
- business
Ratings agency Moody’s Investors Service upgraded the outlook of Hungary’s banking system to positive, the rating agency said today in a report entitled “Banking System Outlook - Hungary”. Moodyʼs noted, however, that government support for banks in the EU, including Hungary, is less certain under the provisions of the EUʼs Bank Recovery and Resolution Directive.