76 result(s) for 20 august in Business
Hungary At Risk Of Losing Ft 600bn In EU Funds
- 13 Aug 2013 9:00 AM
- business
The cabinet on Wednesday will draw up a plan to prevent the potential loss of Ft 600 billion in EU funds due to ministry inefficiencies, Prime Minister’s Office chief János Lázár told reporters on Monday.
Hungary's OTP May Bid For Croatian Bank
- 12 Aug 2013 9:00 AM
- business
OTP bank and Belgium’s KBC are potential bidders for Croatia’s Hrvatska Postanska Banka, according to a report in Zagreb financial paper Poslovni Dnevnik. The Croatian Finance Ministry announced the sale of the government’s 99.1% stake in the bank on its website on the weekend.
IMF Loan To Hungary Fully Repaid
- 12 Aug 2013 3:00 AM
- business
The Government has redeemed the remainder of outstanding debt owed to the International Monetary Fund in three foreign currencies, US dollars, Euros and British pounds, as required by the institution. The Government Debt Management Agency transferred USD 1.1bn, EUR 500 million and GBP 260 million for the early repayment. The amount of unutilised loan and proceeds from the USD-denominated ...
Xpat Opinion: Euro Over 300 HUF In Hungary
- 5 Aug 2013 9:00 AM
- business
Commentators across the political spectrum ponder the possible impact of the IMF loan repayment and the conversion of foreign currency-based mortgages into Forint credit.
Hungary To Fully Repay IMF Loan By Mid-August
- 31 Jul 2013 9:02 AM
- business
On 15 July, Minister for National Economy Mihály Varga informed IMF Director Reza Moghadam in a letter that Hungary intends to fully repay the IMF loan provided for the country in 2008 ahead of schedule, by 12 August 2013. This option is only open for countries with sufficient fiscal reserves, a stable budgetary policy and positive investor sentiment indicators.
Hungarian Government Measures To Safeguard Achievements
- 18 Jun 2013 9:00 AM
- business
Hungarian people have made tremendous efforts to end the Excessive Deficit procedure against the country, but the result “shall be upheld and protected”, and that is the reason the Government has submitted new measures in Parliament, Government Spokesperson András Giró-Szász said, and Minister for National Economy Mihály Varga announced the concrete measures.
Analysts Expect Further Easing By MNB In Hungary
- 15 Dec 2012 6:00 AM
- business
The MNB’s monetary council will cut the base rate from 6.0% to 5.75% at its rate-setting meeting next Tuesday, in the unanimous view of analysts queried by Napi Gazdasag. A similar survey by Reuters last week produced a similar result.
Hungary's Downgrade By Standard&Poor’s Rating Services Should Not Be Taken Seriously
- 27 Nov 2012 8:02 AM
- business
Rating agencies can no longer be taken seriously as they were the ones that suffered the largest loss of credibility during the years of crisis. Having failed to predict the financial crisis, they are a thing of the past now. The future will not depend on them or on speculators, but on countries and production. Instead of credit rating agencies, Hungary has been assessed by investors which have ...
Interest Rate Cut Criticised And Praised In Hungary
- 27 Sep 2012 9:00 AM
- business
According to Népszabadság ‘the air is getting thinner’ around the President of the National Bank – meaning that he is running out of breathing room – and he should consider resigning. Magyar Nemzet welcomes what it calls a break with old dogmas.
Hungary At Risk Of Losing Ft 600bn In EU Funds
- 13 Aug 2013 9:00 AM
- business
The cabinet on Wednesday will draw up a plan to prevent the potential loss of Ft 600 billion in EU funds due to ministry inefficiencies, Prime Minister’s Office chief János Lázár told reporters on Monday.
Hungary's OTP May Bid For Croatian Bank
- 12 Aug 2013 9:00 AM
- business
OTP bank and Belgium’s KBC are potential bidders for Croatia’s Hrvatska Postanska Banka, according to a report in Zagreb financial paper Poslovni Dnevnik. The Croatian Finance Ministry announced the sale of the government’s 99.1% stake in the bank on its website on the weekend.
IMF Loan To Hungary Fully Repaid
- 12 Aug 2013 3:00 AM
- business
The Government has redeemed the remainder of outstanding debt owed to the International Monetary Fund in three foreign currencies, US dollars, Euros and British pounds, as required by the institution. The Government Debt Management Agency transferred USD 1.1bn, EUR 500 million and GBP 260 million for the early repayment. The amount of unutilised loan and proceeds from the USD-denominated ...
Xpat Opinion: Euro Over 300 HUF In Hungary
- 5 Aug 2013 9:00 AM
- business
Commentators across the political spectrum ponder the possible impact of the IMF loan repayment and the conversion of foreign currency-based mortgages into Forint credit.
Hungary To Fully Repay IMF Loan By Mid-August
- 31 Jul 2013 9:02 AM
- business
On 15 July, Minister for National Economy Mihály Varga informed IMF Director Reza Moghadam in a letter that Hungary intends to fully repay the IMF loan provided for the country in 2008 ahead of schedule, by 12 August 2013. This option is only open for countries with sufficient fiscal reserves, a stable budgetary policy and positive investor sentiment indicators.
Hungarian Government Measures To Safeguard Achievements
- 18 Jun 2013 9:00 AM
- business
Hungarian people have made tremendous efforts to end the Excessive Deficit procedure against the country, but the result “shall be upheld and protected”, and that is the reason the Government has submitted new measures in Parliament, Government Spokesperson András Giró-Szász said, and Minister for National Economy Mihály Varga announced the concrete measures.
Analysts Expect Further Easing By MNB In Hungary
- 15 Dec 2012 6:00 AM
- business
The MNB’s monetary council will cut the base rate from 6.0% to 5.75% at its rate-setting meeting next Tuesday, in the unanimous view of analysts queried by Napi Gazdasag. A similar survey by Reuters last week produced a similar result.
Hungary's Downgrade By Standard&Poor’s Rating Services Should Not Be Taken Seriously
- 27 Nov 2012 8:02 AM
- business
Rating agencies can no longer be taken seriously as they were the ones that suffered the largest loss of credibility during the years of crisis. Having failed to predict the financial crisis, they are a thing of the past now. The future will not depend on them or on speculators, but on countries and production. Instead of credit rating agencies, Hungary has been assessed by investors which have ...
Interest Rate Cut Criticised And Praised In Hungary
- 27 Sep 2012 9:00 AM
- business
According to Népszabadság ‘the air is getting thinner’ around the President of the National Bank – meaning that he is running out of breathing room – and he should consider resigning. Magyar Nemzet welcomes what it calls a break with old dogmas.