http://xpatloop.com/http://www.xpatloop.com/images/cms/xs_logo.gifhttp://xpatloop.com/businessXpatloop.com - Expat Life In Budapest, Hungary - Business© XpatLoop.com 2007en-ENinfo@xpatloop.com"Only 12,000 out of an estimated 600,000 companies have registered with business chambers, although membership became compulsory from January 1 and the deadline for registration is the end of February.http://www.xpatloop.com/news/69426Thu, 09 Feb 2012 09:03:00 GMT"Nokia has today announced planned changes at its factories in Komarom, Hungary, Reynosa, Mexico and Salo, Finland. The measures follow a review of smartphone manufacturing operations that Nokia announced last September and aim to increase the company's competitiveness in the diverse global mobile device market.http://www.xpatloop.com/news/69421Wed, 08 Feb 2012 09:09:00 GMT"The American Chamber of Commerce in Hungary cordially invites you to its next Business Forum with Iryna V. Ivaschenko, Resident Representative in Hungary, International Monetary Fund.http://www.xpatloop.com/news/69201Wed, 08 Feb 2012 09:01:00 GMT"The state debt to GDP ratio rose further in Hungary in the third quarter of 2011 than in any other EU country, Eurostat announced on Monday. The figure for Hungary was 82.6% at the end of the quarter, the ninth highest in the EU, up from 77.8% three months earlier.http://www.xpatloop.com/news/69401Tue, 07 Feb 2012 09:10:00 GMT"Hungary today sold 50 billion forint of six-week Treasury bills, 10 billion forint more than planned. The average yield at the auction was 7.19 percent, compared with 7.77 percent at the last sale of the same maturity on Jan. 9."http://www.xpatloop.com/news/69400Tue, 07 Feb 2012 01:00:00 GMT"Industrial output growth in Hungary accelerated sharply in December, data from the Hungarian Central Statistical Office showed Tuesday."http://www.xpatloop.com/news/69409Tue, 07 Feb 2012 01:00:00 GMT"The forint weakened on speculation Greece may run out of time to reach a deal with creditors, eroding investor demand for riskier emerging-market assets as Hungary strives to obtain a bailout of its own."http://www.xpatloop.com/news/69386Mon, 06 Feb 2012 01:00:00 GMT"The number of Visa cards in circulation in Hungary stood at 1.96 million in September, a decline of 22.3% year-on-year, Visa's Hungarian director Ede Kiss announced. The decline is partly due to an agreement with the EU on lower fixed interchange fees.http://www.xpatloop.com/news/69328Wed, 01 Feb 2012 09:00:00 GMT"Tyre maker Michelin has indefinitely postponed plans to expand capacity at its plant in Nyiregyhaza, due to the uncertain economic environment under the present government, the Hungarian unit’s managing director John Young told Vilaggazdasag.http://www.xpatloop.com/news/69306Tue, 31 Jan 2012 09:00:00 GMT"Analysts at Concorde brokerage gave the most reliable equity targets for Hungarian and regional stocks to institutional investors in 2011, according to a survey by Bloomberg.http://www.xpatloop.com/news/69290Fri, 27 Jan 2012 09:00:00 GMT"French tire maker Compagnie des Etablissements Michelin SA (ML.FR) has said it is putting plans to expand its manufacturing capacity in Hungary on hold, business daily Vilaggazdasag reports Wednesday."http://www.xpatloop.com/news/69268Wed, 25 Jan 2012 01:00:00 GMT"The Hungarian Chamber of Commerce and Industry (MKIK) held an extraordinary meeting to approve the compulsory membership required by recent legislation. All companies, with the exception of agricultural businesses, must register with the MKIK and pay an annual membership fee of Ft 5,000.http://www.xpatloop.com/news/69253Tue, 24 Jan 2012 09:02:00 GMT"HUungary could secure a new funding deal worth as much as e20 billion (R205bn) with international banks by March or April, a government official said yesterday as economic sentiment in the emerging European economy plunged to a two-year low."http://www.xpatloop.com/news/69249Tue, 24 Jan 2012 01:00:00 GMT"The International Monetary Fund may require Hungary to change its flat personal income tax as part of a bailout agreement, according to a person familiar with the Washington-based lender’s preparations for the talks. The flat tax will be an important part in any program discussion, said the person, who declined to be identified because official talks haven’t started."http://www.xpatloop.com/news/69220Thu, 19 Jan 2012 01:00:00 GMT"The forint rebounded from a two-day drop against the euro and Hungary raised more debt than planned at an auction today as pressure rose for the European Union’s most indebted eastern member to meet conditions for a bailout."http://www.xpatloop.com/news/69206Wed, 18 Jan 2012 01:00:00 GMT"The Company Court has officially registered Webbank, founded to assist borrowers in converting their foreign-currency mortgage loans. The bank is to have Ft 3 billion of capital, 49% of that provided by the state and 51% by private investors. Webbank will have only one branch, but its operations will be based entirely on the internet, to keep operating costs low.http://www.xpatloop.com/news/69183Tue, 17 Jan 2012 09:04:00 GMT"Fitch Ratings downgraded its rating of four Hungarian banks, as a consequence of its decision to reduce Hungarian state debt to junk status on January 6. Specifically, the long-term debt of CIB and K&H banks is lowered to “BBB”. Fitch also downgraded the support of the parent concerning CIB, K&H, Erste and Raiffeisen banks.http://www.xpatloop.com/news/69162Mon, 16 Jan 2012 09:10:00 GMT"The Hungarian government will take all necessary steps to address any potential budget slippage and meet its spending goal because a recession is possible, a government official said today."http://www.xpatloop.com/news/69172Mon, 16 Jan 2012 01:00:00 GMT"The European Commission yesterday ordered Malév to repay almost Ft 100 billion to the state, after ruling that government financial assistance for the airline during 2007-10 constituted illegal state aid. In essence, the EU competition authority found that Malév could not have obtained such financing from the market on similar conditions as offered by the state.http://www.xpatloop.com/news/69099Thu, 12 Jan 2012 11:35:00 GMT"The forint and Hungarian stocks gained as Hungary’s chief negotiator traveled to Washington to prepare official negotiations with the International Monetary Fund on a bailout package."http://www.xpatloop.com/news/69128Wed, 11 Jan 2012 01:00:00 GMT