78 result(s) for saving in Business
Hungary’s Competition Office Fines K&H Bank For Misleading Advertising
- 8 Dec 2014 8:00 AM
- business
Hungary’s Competition Office (GVH) said it had fined K&H Bank 80 million forints for misleading advertising. GVH levied the fine for a month-long ad campaign of KSH’s “MIX” product early in 2014. KSH advertised a 7.80% annual return on the product – well over the market rate – but failed to make clear that the rate was paid only on the one-third of savings that were placed in a deposit.
Hungarian Development Bank Becomes Financial Services Centre
- 24 Sep 2014 9:00 AM
- business
The government plans to transform the Hungarian Development Bank (MFB) into a financial services centre in future, state secretary Zsuzsanna Németh said on Tuesday. Speaking at a conference organised by business daily Napi Gazdaság, Németh said the bank’s portfolio would change and that complex financial solutions would be crafted for capital, credit and guarantee products.
Hungarian State Wins First FX Loan Trial
- 25 Aug 2014 9:00 AM
- business
The Capital Court has ruled in favour of the state against savings co-operative Kéthely és Vidéke in the first court decision since Parliament passed a law to help foreign-currency borrowers in July.
Business Confidence Improves, Consumer Sentiment Declines
- 25 Aug 2014 5:00 AM
- business
GKI-Erste’s combined gauge of consumer and business confidence edged down in August as consumer sentiment soured. The index slipped to minus 4.1 points in August from minus 3.9 points in July.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
Hungary’s Magyar Telekom To Cut Up To 1,700 Jobs
- 24 Jul 2014 4:00 AM
- business
Magyar Telekom on Thursday said it planned to cut up to 1,700 jobs over the next year and a half, under an agreement reached with trade unions. About 40% of the redundancies are expected between October 1, 2014 and March 1, 2015, MTel said.
In Hungary Business Confidence Declines, Consumer Sentiment Improves
- 21 Jul 2014 5:00 AM
- business
GKI-Erste’s combined gauge of consumer and business confidence fell in July because of worsening expectations among companies. The index slipped 1.0 point to -3.9, GKI said. While the consumer index rose to -18.9 in July from -19.3 a month earlier, the business index dropped to 1.4 from 5.4.
Lego’s Plant In Hungary - Not All Bricks
- 3 Jul 2014 9:00 AM
- business
Plants rather than bricks are the order of the day for Lego at its factory in Nyíregyháza in eastern Hungary. The eponymous plastic brick producer is planting indigenous species on a 26-hectare area within its premises with the aim of conserving unique and endangered wildlife, Lego told MTI.
Lenders Contest NBH Fines For Raising Client Fees In Hungary
- 7 May 2014 9:00 AM
- business
Nine Hungarian lenders, among them Raiffeisen, Erste and FHB, are contesting fines by the National Bank of Hungary levied for illegally raising client fees, business daily Napi Gazdaság says.
Hungary’s Competition Office Fines K&H Bank For Misleading Advertising
- 8 Dec 2014 8:00 AM
- business
Hungary’s Competition Office (GVH) said it had fined K&H Bank 80 million forints for misleading advertising. GVH levied the fine for a month-long ad campaign of KSH’s “MIX” product early in 2014. KSH advertised a 7.80% annual return on the product – well over the market rate – but failed to make clear that the rate was paid only on the one-third of savings that were placed in a deposit.
Hungarian Development Bank Becomes Financial Services Centre
- 24 Sep 2014 9:00 AM
- business
The government plans to transform the Hungarian Development Bank (MFB) into a financial services centre in future, state secretary Zsuzsanna Németh said on Tuesday. Speaking at a conference organised by business daily Napi Gazdaság, Németh said the bank’s portfolio would change and that complex financial solutions would be crafted for capital, credit and guarantee products.
Hungarian State Wins First FX Loan Trial
- 25 Aug 2014 9:00 AM
- business
The Capital Court has ruled in favour of the state against savings co-operative Kéthely és Vidéke in the first court decision since Parliament passed a law to help foreign-currency borrowers in July.
Business Confidence Improves, Consumer Sentiment Declines
- 25 Aug 2014 5:00 AM
- business
GKI-Erste’s combined gauge of consumer and business confidence edged down in August as consumer sentiment soured. The index slipped to minus 4.1 points in August from minus 3.9 points in July.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
Hungary’s Magyar Telekom To Cut Up To 1,700 Jobs
- 24 Jul 2014 4:00 AM
- business
Magyar Telekom on Thursday said it planned to cut up to 1,700 jobs over the next year and a half, under an agreement reached with trade unions. About 40% of the redundancies are expected between October 1, 2014 and March 1, 2015, MTel said.
In Hungary Business Confidence Declines, Consumer Sentiment Improves
- 21 Jul 2014 5:00 AM
- business
GKI-Erste’s combined gauge of consumer and business confidence fell in July because of worsening expectations among companies. The index slipped 1.0 point to -3.9, GKI said. While the consumer index rose to -18.9 in July from -19.3 a month earlier, the business index dropped to 1.4 from 5.4.
Lego’s Plant In Hungary - Not All Bricks
- 3 Jul 2014 9:00 AM
- business
Plants rather than bricks are the order of the day for Lego at its factory in Nyíregyháza in eastern Hungary. The eponymous plastic brick producer is planting indigenous species on a 26-hectare area within its premises with the aim of conserving unique and endangered wildlife, Lego told MTI.
Lenders Contest NBH Fines For Raising Client Fees In Hungary
- 7 May 2014 9:00 AM
- business
Nine Hungarian lenders, among them Raiffeisen, Erste and FHB, are contesting fines by the National Bank of Hungary levied for illegally raising client fees, business daily Napi Gazdaság says.