378 result(s) for visit in Business
Hungary’s MNB Bans Forex Company
- 13 Jan 2016 8:00 AM
- business
Pro Trade FX, a foreign-currency trader registered in the British Virgin Islands, has been banned from conducting unlicensed investment services and activities and acting as an agent in Hungary, effective immediately, the MNB has announced.
Hungary To Issue Euro Bond In Jan Or Feb
- 8 Jan 2016 8:00 AM
- business
Hungary will issue a Eurobond in either dollars or euros in January or February, Economy Minister Mihály Varga said in an interview with Bloomberg. “The custom in central and eastern Europe is to finance ourselves as rapidly as possible early in the year so there’s peace and quiet afterwards,” he said. “Because of maturities we obviously need to make a market move in January or February,” he told ...
Hungary’s Intl Reserves Fall, But Remain Well Over Short-Term Debt In Q3 - NBH
- 6 Jan 2016 8:00 AM
- business
The National Bank of Hungary’s international reserves fell by 2.6 billion euros to 32.1 billion in the third quarter, but were still well over the country’s short-term external debt, a central bank quarterly report shows. As Hungary’s gross short-term debt stood at 21.7 billion euros at the end of Q3, the international reserves well exceed the 1:1 ratio prescribed under the Guidotti-Greenspan ...
More Than 50,000 Jobs Added In Hungary
- 5 Jan 2016 3:00 AM
- business
Commenting on the jobs data, ING Bank chief analyst András Balatoni said the more than 50,000 jobs added on the primary labour market showed the spill-over effect of economic growth. Takarékbank analyst Gergely Suppan said the latest gauges of business confidence suggest employment could rise further in future. Erste analyst Gergely Ürmössy said the unemployment rate is better than earlier ...
Mandatory Use Of Online Tills For Hairdressers, Cosmeticians In Hungary
- 3 Jan 2016 8:00 AM
- business
Hairdressers and cosmeticians will be exempt of the mandatory use of tills connected directly to the national tax office, but the industry can expect regular tax inspections as before, daily Magyar Idők said on Wednesday. The government made online tills mandatory for retail shops in 2014 to eliminate VAT fraud as part of its efforts to whiten the economy.
Vajna’s Magyar Broadcasting Completes TV2 Acquisition
- 3 Jan 2016 4:00 AM
- business
The Magyar Broadcasting Co has completed the acquisition of the commercial broadcaster TV2 group and submitted documents on its licence to the registry court, the company said on Sunday. Magyar Broadcasting is owned by Andrew G Vajna, a Hollywood producer and businessman who is also the government’s film industry commissioner, and also serves as the company’s managing director.
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Jobbik Demands Release Of Loan Contracts For Hungary’s TV2 Purchase
- 29 Dec 2015 8:00 AM
- business
The radical nationalist Jobbik party has demanded the public release of loan contracts state banks signed with government commissioner Andrew G Vajna’s company in connection with his bid to buy the TV2 media group.Lawmaker Előd Novák noted that press reports have said that apart from Eximbank’s 6.7 billion forint (EUR 21.3m) loan transferred to Vajna’s company, stateowned MKB had also lent ...
Budapest Signs EUR 300M Credit Agreement With EIB
- 29 Dec 2015 4:00 AM
- business
The municipality of Budapest on Tuesday signed two credit agreements with the European Investment Bank (EIB) for a total of 300 million euros. The agreements were signed by deputy mayor Gábor Bagdy and EIB Vice President László Baranyay.
Hungary’s MNB Bans Forex Company
- 13 Jan 2016 8:00 AM
- business
Pro Trade FX, a foreign-currency trader registered in the British Virgin Islands, has been banned from conducting unlicensed investment services and activities and acting as an agent in Hungary, effective immediately, the MNB has announced.
Hungary To Issue Euro Bond In Jan Or Feb
- 8 Jan 2016 8:00 AM
- business
Hungary will issue a Eurobond in either dollars or euros in January or February, Economy Minister Mihály Varga said in an interview with Bloomberg. “The custom in central and eastern Europe is to finance ourselves as rapidly as possible early in the year so there’s peace and quiet afterwards,” he said. “Because of maturities we obviously need to make a market move in January or February,” he told ...
Hungary’s Intl Reserves Fall, But Remain Well Over Short-Term Debt In Q3 - NBH
- 6 Jan 2016 8:00 AM
- business
The National Bank of Hungary’s international reserves fell by 2.6 billion euros to 32.1 billion in the third quarter, but were still well over the country’s short-term external debt, a central bank quarterly report shows. As Hungary’s gross short-term debt stood at 21.7 billion euros at the end of Q3, the international reserves well exceed the 1:1 ratio prescribed under the Guidotti-Greenspan ...
More Than 50,000 Jobs Added In Hungary
- 5 Jan 2016 3:00 AM
- business
Commenting on the jobs data, ING Bank chief analyst András Balatoni said the more than 50,000 jobs added on the primary labour market showed the spill-over effect of economic growth. Takarékbank analyst Gergely Suppan said the latest gauges of business confidence suggest employment could rise further in future. Erste analyst Gergely Ürmössy said the unemployment rate is better than earlier ...
Mandatory Use Of Online Tills For Hairdressers, Cosmeticians In Hungary
- 3 Jan 2016 8:00 AM
- business
Hairdressers and cosmeticians will be exempt of the mandatory use of tills connected directly to the national tax office, but the industry can expect regular tax inspections as before, daily Magyar Idők said on Wednesday. The government made online tills mandatory for retail shops in 2014 to eliminate VAT fraud as part of its efforts to whiten the economy.
Vajna’s Magyar Broadcasting Completes TV2 Acquisition
- 3 Jan 2016 4:00 AM
- business
The Magyar Broadcasting Co has completed the acquisition of the commercial broadcaster TV2 group and submitted documents on its licence to the registry court, the company said on Sunday. Magyar Broadcasting is owned by Andrew G Vajna, a Hollywood producer and businessman who is also the government’s film industry commissioner, and also serves as the company’s managing director.
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Jobbik Demands Release Of Loan Contracts For Hungary’s TV2 Purchase
- 29 Dec 2015 8:00 AM
- business
The radical nationalist Jobbik party has demanded the public release of loan contracts state banks signed with government commissioner Andrew G Vajna’s company in connection with his bid to buy the TV2 media group.Lawmaker Előd Novák noted that press reports have said that apart from Eximbank’s 6.7 billion forint (EUR 21.3m) loan transferred to Vajna’s company, stateowned MKB had also lent ...
Budapest Signs EUR 300M Credit Agreement With EIB
- 29 Dec 2015 4:00 AM
- business
The municipality of Budapest on Tuesday signed two credit agreements with the European Investment Bank (EIB) for a total of 300 million euros. The agreements were signed by deputy mayor Gábor Bagdy and EIB Vice President László Baranyay.