63 result(s) for socialist in Business
Hungarian Government Commissioner Outlines "Mafia-Like" Contracts
- 16 Sep 2010 12:01 PM
- business
"The hundreds of consulting contracts that budget-funded bodies and state-owned companies concluded with private firms in 2002-10 show "octopus-like" intertwining, government commissioner Ferenc Papcsák told reporters on Tuesday, alluding to an Italian television show about the Mafia.
Hungarian House Of Parliament May Pass Budget December 23
- 15 Sep 2010 2:00 AM
- business
"Parliament could pass next year's budget on December 23, it was announced after a meeting of the House committee. Prime Minister Viktor Orban will address the House before regular business at Monday’s plenary session. Tributes will be paid to the Hungarian soldiers who died in Afghanistan recently, and to the late Democratic Forum MP Gyorgy Banffy.
Hungary Orbán Pledges "Radical Simplification" Of The Tax Regime
- 20 May 2010 2:00 AM
- business
"Poverty is the gravedigger of democracy," said Viktor Orbán, Hungary’s Prime Minister-elect on Wednesday, adding that he would include this statement in the government’s economic programme. He borrowed the quote from Sándor Demján, head of real estate developer giant TriGranit, who spoke before him at a conference in Budapest today. With regard to the incoming cabinet’s tax plans Orbán said they ...
Hungary Matolcsy Would Like To See The Entire Monetary Council Go
- 12 May 2010 4:00 AM
- business
"Hungary’s Economy Minister-designate György Matolcsy said members of the central bank’s (NBH) Monetary Council should resign for the mistakes they have made over the past seven years. In an interview with local daily Népszabadság he also said he was dissatisfied in general with the work of all financial regulatory institutions, including markets watchdog PSZÁF.
Hungary's Forint Drops Sharply Over Greece, Fidesz Flaying C.Bank Chief
- 28 Apr 2010 3:00 AM
- business
"First day after the overwhelming election victory of Hungary’s centre-right Fidesz party, Prime Minister candidate Viktor Orbán has already jumped down the throat of the financial markets regulator (PSZÁF) and the National Bank of Hungary (NBH), especially harshly criticising central bank Governor András Simor. Analysts do not seem to be happy.
Hungary C.Bank Chief Intends To Stay Until His Mandate Expires
- 27 Apr 2010 3:00 AM
- business
"There were two proposals discussed at the Monetary Council’s rate meeting on Monday, one to lower the benchmark rate by 25 bps and one to cut it by 50 bps. The former proposal was supported by a "convincing majority", NBH Governor András Simor told a press conference. Hungary’s base rate was trimmed to an all-time low of 5.15% today.
Ringier-Axel Springer Merger Would Create Print Media King In Hungary
- 25 Mar 2010 10:58 AM
- business
"The merger of Swiss Ringier and Germany’s Axel Springer would create the biggest print media company in Hungary, provided the competition authority green-lights the deal. Ringier AG and Axel Springer AG have announced on Wednesday that they will combine their operations in five Eastern European countries in a new company to be headquartered in Zurich, Switzerland. Each partner will hold 50% of ...
JPmorgan Sees Hungary's Forint At 250 vs EUR By End-2011
- 22 Mar 2010 1:00 AM
- business
"Hungary’s forint could firm to 250 versus the euro by the end of 2011, and the country is likely to be the first in the region to join the euro zone, JPMorgan projected in its latest quarterly research note on Friday. While JPMorgan’s analysts expect the Hungarian economy to grow by 0.5% this year, UBS is less upbeat, forecasting a 0.5% GDP contraction.
Hungary Needs "Fiscal Dictatorship" - Járai
- 11 Mar 2010 1:00 AM
- business
"Hungary would still be on the verge of sovereign default if it was not for the IMF credit, said Zsigmond Járai, former Governor of the central bank (NBH). He also told a conference in Budapest on Tuesday that the c.bank pursued a wrong monetary policy and that it should have lowered interest rates drastically. He noted that Hungary would need to rewrite its Convergence Programme as quickly as ...
Hungarian Government Commissioner Outlines "Mafia-Like" Contracts
- 16 Sep 2010 12:01 PM
- business
"The hundreds of consulting contracts that budget-funded bodies and state-owned companies concluded with private firms in 2002-10 show "octopus-like" intertwining, government commissioner Ferenc Papcsák told reporters on Tuesday, alluding to an Italian television show about the Mafia.
Hungarian House Of Parliament May Pass Budget December 23
- 15 Sep 2010 2:00 AM
- business
"Parliament could pass next year's budget on December 23, it was announced after a meeting of the House committee. Prime Minister Viktor Orban will address the House before regular business at Monday’s plenary session. Tributes will be paid to the Hungarian soldiers who died in Afghanistan recently, and to the late Democratic Forum MP Gyorgy Banffy.
Hungary Orbán Pledges "Radical Simplification" Of The Tax Regime
- 20 May 2010 2:00 AM
- business
"Poverty is the gravedigger of democracy," said Viktor Orbán, Hungary’s Prime Minister-elect on Wednesday, adding that he would include this statement in the government’s economic programme. He borrowed the quote from Sándor Demján, head of real estate developer giant TriGranit, who spoke before him at a conference in Budapest today. With regard to the incoming cabinet’s tax plans Orbán said they ...
Hungary Matolcsy Would Like To See The Entire Monetary Council Go
- 12 May 2010 4:00 AM
- business
"Hungary’s Economy Minister-designate György Matolcsy said members of the central bank’s (NBH) Monetary Council should resign for the mistakes they have made over the past seven years. In an interview with local daily Népszabadság he also said he was dissatisfied in general with the work of all financial regulatory institutions, including markets watchdog PSZÁF.
Hungary's Forint Drops Sharply Over Greece, Fidesz Flaying C.Bank Chief
- 28 Apr 2010 3:00 AM
- business
"First day after the overwhelming election victory of Hungary’s centre-right Fidesz party, Prime Minister candidate Viktor Orbán has already jumped down the throat of the financial markets regulator (PSZÁF) and the National Bank of Hungary (NBH), especially harshly criticising central bank Governor András Simor. Analysts do not seem to be happy.
Hungary C.Bank Chief Intends To Stay Until His Mandate Expires
- 27 Apr 2010 3:00 AM
- business
"There were two proposals discussed at the Monetary Council’s rate meeting on Monday, one to lower the benchmark rate by 25 bps and one to cut it by 50 bps. The former proposal was supported by a "convincing majority", NBH Governor András Simor told a press conference. Hungary’s base rate was trimmed to an all-time low of 5.15% today.
Ringier-Axel Springer Merger Would Create Print Media King In Hungary
- 25 Mar 2010 10:58 AM
- business
"The merger of Swiss Ringier and Germany’s Axel Springer would create the biggest print media company in Hungary, provided the competition authority green-lights the deal. Ringier AG and Axel Springer AG have announced on Wednesday that they will combine their operations in five Eastern European countries in a new company to be headquartered in Zurich, Switzerland. Each partner will hold 50% of ...
JPmorgan Sees Hungary's Forint At 250 vs EUR By End-2011
- 22 Mar 2010 1:00 AM
- business
"Hungary’s forint could firm to 250 versus the euro by the end of 2011, and the country is likely to be the first in the region to join the euro zone, JPMorgan projected in its latest quarterly research note on Friday. While JPMorgan’s analysts expect the Hungarian economy to grow by 0.5% this year, UBS is less upbeat, forecasting a 0.5% GDP contraction.
Hungary Needs "Fiscal Dictatorship" - Járai
- 11 Mar 2010 1:00 AM
- business
"Hungary would still be on the verge of sovereign default if it was not for the IMF credit, said Zsigmond Járai, former Governor of the central bank (NBH). He also told a conference in Budapest on Tuesday that the c.bank pursued a wrong monetary policy and that it should have lowered interest rates drastically. He noted that Hungary would need to rewrite its Convergence Programme as quickly as ...