587 result(s) for upgrade
Opposition DK, PM Parties Savage Budapest Várkert Bazár Restoration
- 9 Dec 2015 8:00 AM
- property
Shoddy construction and nepotism are the main features of the statebacked project to restore the royal garden pavilions at the foot of Castle Hill in Budapest, according to opposition parties that slammed the project. The neo-Renaissance Várkert Bazár, designed by iconic Hungarian architect Miklós Ybl in 1883, was closed off in 1984 and remained in an appalling state of repair until a project to ...
Szijjártó: Budapest Belgrade Rail Line Has Huge Economic Importance
- 7 Dec 2015 8:00 AM
- current affairs
The revamp of the Budapest-Belgrade rail line and the fact that it will reduce journey times between the two cities will have huge economic importance, since the line will be the primary trade route for Chinese goods between Greece’s ports and Western Europe, Hungary’s foreign minister told Serbian daily Politika. Szijjártó said the investment project, financed in large part by China, is unique ...
City: Hungary Could Return To Investment Grade In 2016
- 1 Dec 2015 8:00 AM
- current affairs
Hungary is set to regain investment grade status next year, and the central bank is likely to embark on a new rate cutting cycle, London-based emerging markets economists said. In a report outlining its revised 2016 forecasts for emerging markets, released to clients in London, Morgan Stanley said that “credit upgrades are overdue” and Hungary will regain its investment grade rating with at least ...
Fitch Affirms Hungary’s Junk Rating; Outlook Positive
- 23 Nov 2015 8:00 AM
- business
Fitch Ratings affirmed Hungary’s “BB plus” sovereign credit rating, one notch under investment grade, with “positive” outlook, in a scheduled review Friday evening. Earlier most analysts expected an upgrade to “BBB minus”, the bottom of investment grade, but Hungary’s Economy Minister Mihály Varga played down the chance for “a major change” in a Friday morning television interview.
Lázár: Hungary To Consultt Brussels On Paks Upgrade But Prepared To Sue
- 20 Nov 2015 8:00 AM
- current affairs
Hungary is ready to hold coordination talks with Brussels in the next two months over the 12 billion euro project to upgrade the Paks nuclear power plant but will take the issue to court if necessary, the government office chief said in connection with the European Commission’s decision to launch an infringement procedure over related public procurement rules.
Hungary’s PM Orbán Vows To Press Ahead With Paks Upgrade
- 20 Nov 2015 3:00 AM
- current affairs
Commenting on the European Commission’s infringement procedure in connection with the planned expansion of the Paks nuclear power station, Prime Minister Viktor Orbán told public radio that it is in Hungary’s basic interest to operate and expand the Paks plant because electricity prices would sharply rise without Paks. “Cheap electricity equals Paks”, he said, adding that “we will continue moving ...
Budapest-Belgrade Rail Line Upgrade Agreement Finalised
- 19 Nov 2015 8:00 AM
- getting around
Preparation of an agreement on a Chinese-financed project to upgrade the Budapest-Belgrade railway line is drawing to a close, Foreign Affairs and Trade Minister Péter Szijjártó told reporters on Wednesday following talks in Beijing. He said the three parties had agreed on the most important political questions and all indications are that the prime ministers of the three countries can sign the ...
Hungarian Opposition Party DK Demands Termination Of Paks Upgrade
- 18 Nov 2015 3:00 AM
- current affairs
The opposition Democratic Coalition (DK) demanded that the government stops the upgrade of the Paks nuclear plant, a project the party described as “benefitting Russia and (ruling) Fidesz’s corrupt oligarchs”. Bruxinfo on Tuesday suggested that the European Commission could call on Hungary to suspend all Paks-related procurement as Hungary has allegedly violated European public procurement rules ...
Moody’s Takes Rating Actions On Six Hungarian Banks
- 13 Nov 2015 8:00 AM
- business
Ratings agency Moody’s has taken rating actions on six Hungarian banks, prompted by the outlook change to Hungary’s sovereign rating to “positive” from “stable” last Friday. Moody’s also changed Hungary’s Macro Profile to “Weak+” from “Weak”, driven by the improvement in the Hungarian banks’ operating environment, in particular in the country’s economic strength.
Opposition DK, PM Parties Savage Budapest Várkert Bazár Restoration
- 9 Dec 2015 8:00 AM
- property
Shoddy construction and nepotism are the main features of the statebacked project to restore the royal garden pavilions at the foot of Castle Hill in Budapest, according to opposition parties that slammed the project. The neo-Renaissance Várkert Bazár, designed by iconic Hungarian architect Miklós Ybl in 1883, was closed off in 1984 and remained in an appalling state of repair until a project to ...
Szijjártó: Budapest Belgrade Rail Line Has Huge Economic Importance
- 7 Dec 2015 8:00 AM
- current affairs
The revamp of the Budapest-Belgrade rail line and the fact that it will reduce journey times between the two cities will have huge economic importance, since the line will be the primary trade route for Chinese goods between Greece’s ports and Western Europe, Hungary’s foreign minister told Serbian daily Politika. Szijjártó said the investment project, financed in large part by China, is unique ...
City: Hungary Could Return To Investment Grade In 2016
- 1 Dec 2015 8:00 AM
- current affairs
Hungary is set to regain investment grade status next year, and the central bank is likely to embark on a new rate cutting cycle, London-based emerging markets economists said. In a report outlining its revised 2016 forecasts for emerging markets, released to clients in London, Morgan Stanley said that “credit upgrades are overdue” and Hungary will regain its investment grade rating with at least ...
Fitch Affirms Hungary’s Junk Rating; Outlook Positive
- 23 Nov 2015 8:00 AM
- business
Fitch Ratings affirmed Hungary’s “BB plus” sovereign credit rating, one notch under investment grade, with “positive” outlook, in a scheduled review Friday evening. Earlier most analysts expected an upgrade to “BBB minus”, the bottom of investment grade, but Hungary’s Economy Minister Mihály Varga played down the chance for “a major change” in a Friday morning television interview.
Lázár: Hungary To Consultt Brussels On Paks Upgrade But Prepared To Sue
- 20 Nov 2015 8:00 AM
- current affairs
Hungary is ready to hold coordination talks with Brussels in the next two months over the 12 billion euro project to upgrade the Paks nuclear power plant but will take the issue to court if necessary, the government office chief said in connection with the European Commission’s decision to launch an infringement procedure over related public procurement rules.
Hungary’s PM Orbán Vows To Press Ahead With Paks Upgrade
- 20 Nov 2015 3:00 AM
- current affairs
Commenting on the European Commission’s infringement procedure in connection with the planned expansion of the Paks nuclear power station, Prime Minister Viktor Orbán told public radio that it is in Hungary’s basic interest to operate and expand the Paks plant because electricity prices would sharply rise without Paks. “Cheap electricity equals Paks”, he said, adding that “we will continue moving ...
Budapest-Belgrade Rail Line Upgrade Agreement Finalised
- 19 Nov 2015 8:00 AM
- getting around
Preparation of an agreement on a Chinese-financed project to upgrade the Budapest-Belgrade railway line is drawing to a close, Foreign Affairs and Trade Minister Péter Szijjártó told reporters on Wednesday following talks in Beijing. He said the three parties had agreed on the most important political questions and all indications are that the prime ministers of the three countries can sign the ...
Hungarian Opposition Party DK Demands Termination Of Paks Upgrade
- 18 Nov 2015 3:00 AM
- current affairs
The opposition Democratic Coalition (DK) demanded that the government stops the upgrade of the Paks nuclear plant, a project the party described as “benefitting Russia and (ruling) Fidesz’s corrupt oligarchs”. Bruxinfo on Tuesday suggested that the European Commission could call on Hungary to suspend all Paks-related procurement as Hungary has allegedly violated European public procurement rules ...
Moody’s Takes Rating Actions On Six Hungarian Banks
- 13 Nov 2015 8:00 AM
- business
Ratings agency Moody’s has taken rating actions on six Hungarian banks, prompted by the outlook change to Hungary’s sovereign rating to “positive” from “stable” last Friday. Moody’s also changed Hungary’s Macro Profile to “Weak+” from “Weak”, driven by the improvement in the Hungarian banks’ operating environment, in particular in the country’s economic strength.