209 result(s) for statement in Business
Douwe Egberts’ Budapest Factory To Close Down
- 14 Apr 2014 9:00 AM
- business
By the end of the year Douwe Egberts Zrt Hungary will cease production in Budapest and will let go 184 employees due to the parent company – DE Master Blenders 1753 – realignment.
Hungary's MVM To Buy E.ON’s Gas Operations
- 6 Mar 2014 8:00 AM
- business
State-owned energy group MVM signed a non-bonding letter of intent yesterday to buy German company E.ON’s Hungarian gas distribution companies. The agreement covers the possible partial or full acquisition of electricity and natural gas distributors E.ON Energiaszolgáltató, E.ON Közép-dunántúli, E.ON Dél-dunántúli and its client service centre.
Hungary, US Sign Tax Compliance Agreement
- 5 Feb 2014 8:00 AM
- business
Hungarian and US officials on Tuesday signed an inter-governmental agreement to implement the US Foreign Account Tax Compliance Act (FATCA), the Economy Ministry said.
Raiffeisen Decides Not To Sell Hungary Subsidiary
- 9 Jan 2014 8:00 AM
- business
Raiffeisen Bank International (RBI) has decided not to sell its Hungarian unit under the current conditions, the Austrian bank announced yesterday, ending days of speculation about the sale of the loss-making Hungarian subsidiary.
Hungary’s Socialists Call On Fidesz To Stop Offering Treats To Associates
- 19 Dec 2013 8:00 AM
- business
The opposition Socialists called on János Lázár, the head of the Prime Minister’s Office, to stop treating Fidesz affiliated businesses preferentially in state tenders and to allow “respectable families to earn a living”.
Banks In Hungary To Pay 9.5 Billion Forint Fine For Cartel
- 21 Nov 2013 8:00 AM
- business
Hungary’s Competition Authority (GVH) has imposed a 9.5 billion forint fine on 11 commercial banks for the operation of an illegal collusion (cartel) during a repayment scheme for foreign currency mortgage-holders two years ago. According to the GVH, the banks cooperated and shared confidential business information between September 2011 and January 2012 to reduce the scale of mortgage repayments.
Raiffeisen Bank Won’t Be Leaving Hungary
- 15 Oct 2013 9:00 AM
- business
The Austrian Raiffeisen Bank International (RBI) wants to stay in Hungary despite the government’s shocking rules against foreign banks in the country. According to the latest Emerging Markets interview with new RBI CEO Karl Sevelda, the bank has shrunk its Hungarian balance sheet by HUF300 million since June last year due to loss-making exchange rates and punishing new taxes, but has strong ...
Controversy Between Croatia And Hungarian Oil Group MOL Drags On
- 3 Oct 2013 1:00 AM
- business
It has yet to be seen whether the Hungarian government is ready to drop MOL’s executive chairman in its ongoing standoff with Croatia. It is too early to say if we are witnessing Croatia's efforts to find its feet or is it hardcore payola.
Budget 2014: Inflation Projected At 2.4% And Budget Deficit At 2.9% In Hungary
- 23 Sep 2013 1:00 AM
- business
The Ministry for National Economy drafted next year’s budget with a deficit of 2.9 percent and an inflation rate of 2.4 percent, Minister Mihály Varga stated on Sunday. The Minister also disclosed that the Ministry calculated the 2014 Budget without revenues from the advertisement tax and the below 3 percent deficit target will be attainable even without that. “I anticipate only slight ...
Douwe Egberts’ Budapest Factory To Close Down
- 14 Apr 2014 9:00 AM
- business
By the end of the year Douwe Egberts Zrt Hungary will cease production in Budapest and will let go 184 employees due to the parent company – DE Master Blenders 1753 – realignment.
Hungary's MVM To Buy E.ON’s Gas Operations
- 6 Mar 2014 8:00 AM
- business
State-owned energy group MVM signed a non-bonding letter of intent yesterday to buy German company E.ON’s Hungarian gas distribution companies. The agreement covers the possible partial or full acquisition of electricity and natural gas distributors E.ON Energiaszolgáltató, E.ON Közép-dunántúli, E.ON Dél-dunántúli and its client service centre.
Hungary, US Sign Tax Compliance Agreement
- 5 Feb 2014 8:00 AM
- business
Hungarian and US officials on Tuesday signed an inter-governmental agreement to implement the US Foreign Account Tax Compliance Act (FATCA), the Economy Ministry said.
Raiffeisen Decides Not To Sell Hungary Subsidiary
- 9 Jan 2014 8:00 AM
- business
Raiffeisen Bank International (RBI) has decided not to sell its Hungarian unit under the current conditions, the Austrian bank announced yesterday, ending days of speculation about the sale of the loss-making Hungarian subsidiary.
Hungary’s Socialists Call On Fidesz To Stop Offering Treats To Associates
- 19 Dec 2013 8:00 AM
- business
The opposition Socialists called on János Lázár, the head of the Prime Minister’s Office, to stop treating Fidesz affiliated businesses preferentially in state tenders and to allow “respectable families to earn a living”.
Banks In Hungary To Pay 9.5 Billion Forint Fine For Cartel
- 21 Nov 2013 8:00 AM
- business
Hungary’s Competition Authority (GVH) has imposed a 9.5 billion forint fine on 11 commercial banks for the operation of an illegal collusion (cartel) during a repayment scheme for foreign currency mortgage-holders two years ago. According to the GVH, the banks cooperated and shared confidential business information between September 2011 and January 2012 to reduce the scale of mortgage repayments.
Raiffeisen Bank Won’t Be Leaving Hungary
- 15 Oct 2013 9:00 AM
- business
The Austrian Raiffeisen Bank International (RBI) wants to stay in Hungary despite the government’s shocking rules against foreign banks in the country. According to the latest Emerging Markets interview with new RBI CEO Karl Sevelda, the bank has shrunk its Hungarian balance sheet by HUF300 million since June last year due to loss-making exchange rates and punishing new taxes, but has strong ...
Controversy Between Croatia And Hungarian Oil Group MOL Drags On
- 3 Oct 2013 1:00 AM
- business
It has yet to be seen whether the Hungarian government is ready to drop MOL’s executive chairman in its ongoing standoff with Croatia. It is too early to say if we are witnessing Croatia's efforts to find its feet or is it hardcore payola.
Budget 2014: Inflation Projected At 2.4% And Budget Deficit At 2.9% In Hungary
- 23 Sep 2013 1:00 AM
- business
The Ministry for National Economy drafted next year’s budget with a deficit of 2.9 percent and an inflation rate of 2.4 percent, Minister Mihály Varga stated on Sunday. The Minister also disclosed that the Ministry calculated the 2014 Budget without revenues from the advertisement tax and the below 3 percent deficit target will be attainable even without that. “I anticipate only slight ...