6,902 result(s) for visit hungary
Hungarian Tobacco Companies Boycott ODBE
- 5 Nov 2015 8:00 AM
- current affairs
Multinational tobacco companies Philip Morris, Japan Tobacco and Imperial have not signed an agreement with state wholesale monopoly ODBE, which began operations on Monday. Tobacco retailers can still purchase products from other wholesalers until November 17, but afterwards ODBE – a joint venture of British American Tobacco and Hungarian firm Continental – becomes the only authorised ...
Jobbik To File Complaint Over Hungarian Border Fence Costs
- 5 Nov 2015 8:00 AM
- current affairs
Materials and equipment used in the recent construction of the border fence between Hungary and Serbia were purchased at 5-8 times the market price, the radical nationalist Jobbik party said. Deputy leader István Apáti said that the government had provided “confusing” answers to relevant questions and added that his party would file a criminal complaint under suspicion of abuse of public funds.
NBH Governor: Hungary Sees Price, Financial Stability Since 2013
- 5 Nov 2015 8:00 AM
- business
Hungary has enjoyed price and financial stability since 2013, when changes got under way at the central bank, the bank’s governor, György Matolcsy, said. Addressing lawmakers in parliament in a debate of the bank’s 2012, 2013 and 2014 business reports, Matolcsy said the bank’s new leadership in place since March 2013 had returned to a “responsible, conservative, but creatively functioning” path ...
Hungary’s PM: Europe In Midst Of “Mass Invasion,” Of Which Not Fully Aware
- 5 Nov 2015 8:00 AM
- current affairs
Europe is in the midst of “mass invasion”, but is “not yet fully aware” of the challenge it poses to the continent’s culture, way of life and conduct of affairs, the prime minister said at the opening of the World Science Forum conference in Budapest. This mass migration poses a never-before-seen challenge and it can “crush and bury the way of life we have known until now,” Viktor Orbán said, ...
Govt Could Set Minimum Sales Staff Requirement At Retailers
- 5 Nov 2015 12:30 AM
- shopping
Hungary’s government is on course to draft legislation in the next two weeks which would set a minimum staff requirement for shops over 400sqm, business daily Világgazdaság said. The draft bill would require that retailers make at least one staff member available to shoppers for every 70sqm of space during business hours, the paper said. The possibility of such a measure could be a source of ...
Fitch: Hungary Among Most Likely Sovereigns For Investment Grade Upgrade
- 4 Nov 2015 8:00 AM
- business
Hungary’s “BB+” sovereign credit rating is a single notch below investment grade and its outlook is positive and it is likely to be upgraded to investment category, Fitch Ratings said. Ever since Hungary was downgraded to speculative grade in January 2012, its credit profile has improved considerably, consistent with the current positive outlook, Fitch said.
Hungary's OTP Bank Chairman Csányi On Forbes List Of Billionaires
- 4 Nov 2015 8:00 AM
- business
OTP bank chairman and CEO Sándor Csányi has become the first Hungarian to be included on the list of the world’s dollar billionaires, complied by US-based Forbes magazine. He is the richest Hungarian with an estimated net worth of Ft 287.9 billion, or approximately $1.01 billion.
Hungarian Film Son Of Saul Listed For British Award
- 4 Nov 2015 8:00 AM
- entertainment
Son of Saul, the Holocaust movie directed by László Jeles Nemes, has been nominated for the British Independent Film Prize in the best foreign-language film category. This is the first Hungarian film to be nominated for the British prize. Son of Saul won the Jury Grand Prize at this year’s Cannes festival.
National Bank of Hungary To Launch Growth Supporting Programme
- 4 Nov 2015 8:00 AM
- business
The National Bank of Hungary will launch a Growth Supporting Programme (GSP) in January with the aim of increasing the banking sector’s lending to small and medium-sized firms by 250-400 billion forints, or 5-10% of total corporate lending stock, in 2016. The GSP comprises the final phase of the NBH’s Funding for Growth Scheme (FGS) as well as a package of incentives for active lenders dubbed the ...
Hungarian Tobacco Companies Boycott ODBE
- 5 Nov 2015 8:00 AM
- current affairs
Multinational tobacco companies Philip Morris, Japan Tobacco and Imperial have not signed an agreement with state wholesale monopoly ODBE, which began operations on Monday. Tobacco retailers can still purchase products from other wholesalers until November 17, but afterwards ODBE – a joint venture of British American Tobacco and Hungarian firm Continental – becomes the only authorised ...
Jobbik To File Complaint Over Hungarian Border Fence Costs
- 5 Nov 2015 8:00 AM
- current affairs
Materials and equipment used in the recent construction of the border fence between Hungary and Serbia were purchased at 5-8 times the market price, the radical nationalist Jobbik party said. Deputy leader István Apáti said that the government had provided “confusing” answers to relevant questions and added that his party would file a criminal complaint under suspicion of abuse of public funds.
NBH Governor: Hungary Sees Price, Financial Stability Since 2013
- 5 Nov 2015 8:00 AM
- business
Hungary has enjoyed price and financial stability since 2013, when changes got under way at the central bank, the bank’s governor, György Matolcsy, said. Addressing lawmakers in parliament in a debate of the bank’s 2012, 2013 and 2014 business reports, Matolcsy said the bank’s new leadership in place since March 2013 had returned to a “responsible, conservative, but creatively functioning” path ...
Hungary’s PM: Europe In Midst Of “Mass Invasion,” Of Which Not Fully Aware
- 5 Nov 2015 8:00 AM
- current affairs
Europe is in the midst of “mass invasion”, but is “not yet fully aware” of the challenge it poses to the continent’s culture, way of life and conduct of affairs, the prime minister said at the opening of the World Science Forum conference in Budapest. This mass migration poses a never-before-seen challenge and it can “crush and bury the way of life we have known until now,” Viktor Orbán said, ...
Govt Could Set Minimum Sales Staff Requirement At Retailers
- 5 Nov 2015 12:30 AM
- shopping
Hungary’s government is on course to draft legislation in the next two weeks which would set a minimum staff requirement for shops over 400sqm, business daily Világgazdaság said. The draft bill would require that retailers make at least one staff member available to shoppers for every 70sqm of space during business hours, the paper said. The possibility of such a measure could be a source of ...
Fitch: Hungary Among Most Likely Sovereigns For Investment Grade Upgrade
- 4 Nov 2015 8:00 AM
- business
Hungary’s “BB+” sovereign credit rating is a single notch below investment grade and its outlook is positive and it is likely to be upgraded to investment category, Fitch Ratings said. Ever since Hungary was downgraded to speculative grade in January 2012, its credit profile has improved considerably, consistent with the current positive outlook, Fitch said.
Hungary's OTP Bank Chairman Csányi On Forbes List Of Billionaires
- 4 Nov 2015 8:00 AM
- business
OTP bank chairman and CEO Sándor Csányi has become the first Hungarian to be included on the list of the world’s dollar billionaires, complied by US-based Forbes magazine. He is the richest Hungarian with an estimated net worth of Ft 287.9 billion, or approximately $1.01 billion.
Hungarian Film Son Of Saul Listed For British Award
- 4 Nov 2015 8:00 AM
- entertainment
Son of Saul, the Holocaust movie directed by László Jeles Nemes, has been nominated for the British Independent Film Prize in the best foreign-language film category. This is the first Hungarian film to be nominated for the British prize. Son of Saul won the Jury Grand Prize at this year’s Cannes festival.
National Bank of Hungary To Launch Growth Supporting Programme
- 4 Nov 2015 8:00 AM
- business
The National Bank of Hungary will launch a Growth Supporting Programme (GSP) in January with the aim of increasing the banking sector’s lending to small and medium-sized firms by 250-400 billion forints, or 5-10% of total corporate lending stock, in 2016. The GSP comprises the final phase of the NBH’s Funding for Growth Scheme (FGS) as well as a package of incentives for active lenders dubbed the ...