17 result(s) for denied in Business
GVH Slaps Banks In Hungary With Record Fine
- 21 Nov 2013 8:00 AM
- business
The Competition Office (GVH) has fined 11 banks a total of Ft 9.5 billion – the largest penalty ever imposed in Hungary in a cartel case – after finding that the lenders colluded to obstruct access to forint loans for those taking part in the early debt repayment plan for foreign-currency mortgage debtors.
Hungary’s MOL Would Lose On Selling Its Stake In INA – Analyst Says
- 8 Oct 2013 1:00 AM
- business
The Metropolitan Court of Budapest has rejected to fulfill the European Arrest Warrant (EAW) that was issued against Zsolt Hernádi, executive chairman of MOL Oil and Gas Group, by a Croatian law-enforcement agency – the Budapest prosecution service and MOL have announced.
Budget 2014: Inflation Projected At 2.4% And Budget Deficit At 2.9% In Hungary
- 23 Sep 2013 1:00 AM
- business
The Ministry for National Economy drafted next year’s budget with a deficit of 2.9 percent and an inflation rate of 2.4 percent, Minister Mihály Varga stated on Sunday. The Minister also disclosed that the Ministry calculated the 2014 Budget without revenues from the advertisement tax and the below 3 percent deficit target will be attainable even without that. “I anticipate only slight ...
Xpat Opinion: Hungary's OTP Chief Sándor Csányi’s Press Conference
- 26 Jul 2013 1:00 AM
- business
As Portfolio, the bilingual financial site, said today, “everybody was sitting on pins and needles” waiting for the cabinet decision on the fate of the loans issued in foreign currencies. However, it seems that the government wisely postponed the decision. So, for a while we will not know what kind of a solution the government will come up with.
Hungary's OTP CEO Csányi Unloads Shares
- 22 Jul 2013 9:01 AM
- business
OTP shares plunged 9% on Friday after news emerged that chairman and CEO Sándor Csányi had sold most of his shares on the previous day. The shares lost 17% of their value in three days last week, the biggest rout for the share since 2011.
Hungary's Forint Dives On Monday
- 18 Dec 2012 8:02 AM
- business
The forint exchange rate has broken out of the range Ft 280-285 per euro where it has been trading in recent months, weakening to Ft 288 yesterday. Rumours were that the central bank will not accept bids for its two week deposit facility, although this was denied by the MNB, foreign currency trader Ákos Ruzsonyi of Commerzbank said. Investors hold a total of Ft 4 trillion in this deposit, of ...
Al Habtoor Buys Le Meridien Budapest
- 8 May 2012 9:04 AM
- business
Dubai group Al Habtoor purchased the five-star Budapest Le Meridien hotel, in a contract signed in Budapest on Monday. Chairman Khalaf Ahmed Habtoor said they are planning for the long term in Hungary and may purchase further hotels or development sites. He neither confirmed nor denied the reported $80 million purchase price.
Russian MOL Stakeholder Denied Management Rights
- 19 Nov 2010 11:01 AM
- business
Arriving on the heels of media rumors concerning state acquisition of Hungarian oil giant MOL, a second instance court decision on Thursday said the company acted within legal boundaries, when it placed prohibition on board membership for its Russian shareholder Szurgutnyeftyegaz.
GVH Slaps Banks In Hungary With Record Fine
- 21 Nov 2013 8:00 AM
- business
The Competition Office (GVH) has fined 11 banks a total of Ft 9.5 billion – the largest penalty ever imposed in Hungary in a cartel case – after finding that the lenders colluded to obstruct access to forint loans for those taking part in the early debt repayment plan for foreign-currency mortgage debtors.
Hungary’s MOL Would Lose On Selling Its Stake In INA – Analyst Says
- 8 Oct 2013 1:00 AM
- business
The Metropolitan Court of Budapest has rejected to fulfill the European Arrest Warrant (EAW) that was issued against Zsolt Hernádi, executive chairman of MOL Oil and Gas Group, by a Croatian law-enforcement agency – the Budapest prosecution service and MOL have announced.
Budget 2014: Inflation Projected At 2.4% And Budget Deficit At 2.9% In Hungary
- 23 Sep 2013 1:00 AM
- business
The Ministry for National Economy drafted next year’s budget with a deficit of 2.9 percent and an inflation rate of 2.4 percent, Minister Mihály Varga stated on Sunday. The Minister also disclosed that the Ministry calculated the 2014 Budget without revenues from the advertisement tax and the below 3 percent deficit target will be attainable even without that. “I anticipate only slight ...
Xpat Opinion: Hungary's OTP Chief Sándor Csányi’s Press Conference
- 26 Jul 2013 1:00 AM
- business
As Portfolio, the bilingual financial site, said today, “everybody was sitting on pins and needles” waiting for the cabinet decision on the fate of the loans issued in foreign currencies. However, it seems that the government wisely postponed the decision. So, for a while we will not know what kind of a solution the government will come up with.
Hungary's OTP CEO Csányi Unloads Shares
- 22 Jul 2013 9:01 AM
- business
OTP shares plunged 9% on Friday after news emerged that chairman and CEO Sándor Csányi had sold most of his shares on the previous day. The shares lost 17% of their value in three days last week, the biggest rout for the share since 2011.
Hungary's Forint Dives On Monday
- 18 Dec 2012 8:02 AM
- business
The forint exchange rate has broken out of the range Ft 280-285 per euro where it has been trading in recent months, weakening to Ft 288 yesterday. Rumours were that the central bank will not accept bids for its two week deposit facility, although this was denied by the MNB, foreign currency trader Ákos Ruzsonyi of Commerzbank said. Investors hold a total of Ft 4 trillion in this deposit, of ...
Al Habtoor Buys Le Meridien Budapest
- 8 May 2012 9:04 AM
- business
Dubai group Al Habtoor purchased the five-star Budapest Le Meridien hotel, in a contract signed in Budapest on Monday. Chairman Khalaf Ahmed Habtoor said they are planning for the long term in Hungary and may purchase further hotels or development sites. He neither confirmed nor denied the reported $80 million purchase price.
Russian MOL Stakeholder Denied Management Rights
- 19 Nov 2010 11:01 AM
- business
Arriving on the heels of media rumors concerning state acquisition of Hungarian oil giant MOL, a second instance court decision on Thursday said the company acted within legal boundaries, when it placed prohibition on board membership for its Russian shareholder Szurgutnyeftyegaz.