291 result(s) for budget in Business
Standard & Poor’s Upgrades Hungary’s Junk Credit Rating
- 23 Mar 2015 8:00 AM
- business
Hungary’s junk credit rating has been upgraded by Standard & Poor’s, which cited the country’s improving growth outlook and its better preparedness to handle unexpected crises. Hungary had lost its investment grade credit rating as far back as 2011. S&P said in a statement Friday that it was raising Hungary’s rating from BB to BB+, one step below investment grade, bringing its assessment in line ...
S&P Upgrades Hungary’s Rating To “BB Plus”
- 23 Mar 2015 8:00 AM
- business
Standard and Poor’s raised Hungary’s credit rating for long-term foreign currency and forint debt by one notch to “BB plus”. The international rating agency said that Hungary’s problems related to its external economic balance had significantly eased over the past few years.
Mihály Varga: High Time For A Credit Rating Upgrade
- 23 Mar 2015 8:00 AM
- business
The country’s situation warrants an upgrade by credit rating agencies, as over the past years Hungary’s current account has posted massive surpluses, general government budget deficit has been below 3 percent for years, economic growth has been picking up and employment shows steady improvement, Minister for National Economy Mihály Varga said at the Hungarian Business Leaders Forum held in ...
No Compensation For Quaestor Clients
- 12 Mar 2015 8:00 AM
- business
The Investor Protection Fund (BEVA) is set to pay out its largest compensation ever, which may exceed its present budget of Ft 12 billion, to clients of collapsed brokerage Buda-Cash, Világgazdaság writes. So far, the largest amount of money paid out to victims of bankrupt brokerages came in 1999, when London Broker went belly-up.
Whitening Economy Increases Revenues To Central Budget
- 12 Mar 2015 2:00 AM
- business
In 2014, tax revenues to Hungary’s central budget were 650 billion forints (EUR 1.99bn) up compared to the previous year, national daily Magyar Nemzet said. The paper quoted the economy ministry as saying that higher tax revenues were the result of a shrinking grey economy.
Buda-Cash Investigation Should Target Role Of Central Bank
- 10 Mar 2015 8:00 AM
- business
An investigation into the Buda-Cash brokerage scandal should also examine the role of the central bank, former finance minister János Veres said. “Deficient” regulatory oversight by the central bank under the governing Fidesz party and the bank’s governor György Matolcsy had allowed funds of more than 100,000 clients to disappear.
US-Owned Companies Treated Equally With Other Firms, Says Tax Office
- 5 Mar 2015 8:00 AM
- business
US-affiliated companies in Hungary are treated equally with other, non-US, firms, the national tax and customs authority (NAV) said in a report published on the government’s website. The report followed an investigation launched in the wake of press reports suggesting that NAV conducted illegal procedures and in some cases failed to launch procedures causing the central budget VAT-revenue losses ...
Hungary’s State-Owned Energy Group MVM Ties Up With US Institute
- 23 Feb 2015 8:00 AM
- business
Hungary’s state-owned energy group MVM has signed an agreement on cooperation in research and development with the Electric Power Research Institute (EPRI) of the US in order to improve security and efficiency in Hungary’s Paks nuclear plant.
Hungary Buys Stake In ERSTE, Pledges Bank Tax Cut
- 13 Feb 2015 8:00 AM
- business
Conservative pundits welcome the government’s decision to temporarily invest in ERSTE Bank Hungary and pledge to take out the surplus bank tax. This, they believe, will help consolidate the banking sector and boost lending. A left-wing commentator doubts that the government will fulfil its promises.
Standard & Poor’s Upgrades Hungary’s Junk Credit Rating
- 23 Mar 2015 8:00 AM
- business
Hungary’s junk credit rating has been upgraded by Standard & Poor’s, which cited the country’s improving growth outlook and its better preparedness to handle unexpected crises. Hungary had lost its investment grade credit rating as far back as 2011. S&P said in a statement Friday that it was raising Hungary’s rating from BB to BB+, one step below investment grade, bringing its assessment in line ...
S&P Upgrades Hungary’s Rating To “BB Plus”
- 23 Mar 2015 8:00 AM
- business
Standard and Poor’s raised Hungary’s credit rating for long-term foreign currency and forint debt by one notch to “BB plus”. The international rating agency said that Hungary’s problems related to its external economic balance had significantly eased over the past few years.
Mihály Varga: High Time For A Credit Rating Upgrade
- 23 Mar 2015 8:00 AM
- business
The country’s situation warrants an upgrade by credit rating agencies, as over the past years Hungary’s current account has posted massive surpluses, general government budget deficit has been below 3 percent for years, economic growth has been picking up and employment shows steady improvement, Minister for National Economy Mihály Varga said at the Hungarian Business Leaders Forum held in ...
No Compensation For Quaestor Clients
- 12 Mar 2015 8:00 AM
- business
The Investor Protection Fund (BEVA) is set to pay out its largest compensation ever, which may exceed its present budget of Ft 12 billion, to clients of collapsed brokerage Buda-Cash, Világgazdaság writes. So far, the largest amount of money paid out to victims of bankrupt brokerages came in 1999, when London Broker went belly-up.
Whitening Economy Increases Revenues To Central Budget
- 12 Mar 2015 2:00 AM
- business
In 2014, tax revenues to Hungary’s central budget were 650 billion forints (EUR 1.99bn) up compared to the previous year, national daily Magyar Nemzet said. The paper quoted the economy ministry as saying that higher tax revenues were the result of a shrinking grey economy.
Buda-Cash Investigation Should Target Role Of Central Bank
- 10 Mar 2015 8:00 AM
- business
An investigation into the Buda-Cash brokerage scandal should also examine the role of the central bank, former finance minister János Veres said. “Deficient” regulatory oversight by the central bank under the governing Fidesz party and the bank’s governor György Matolcsy had allowed funds of more than 100,000 clients to disappear.
US-Owned Companies Treated Equally With Other Firms, Says Tax Office
- 5 Mar 2015 8:00 AM
- business
US-affiliated companies in Hungary are treated equally with other, non-US, firms, the national tax and customs authority (NAV) said in a report published on the government’s website. The report followed an investigation launched in the wake of press reports suggesting that NAV conducted illegal procedures and in some cases failed to launch procedures causing the central budget VAT-revenue losses ...
Hungary’s State-Owned Energy Group MVM Ties Up With US Institute
- 23 Feb 2015 8:00 AM
- business
Hungary’s state-owned energy group MVM has signed an agreement on cooperation in research and development with the Electric Power Research Institute (EPRI) of the US in order to improve security and efficiency in Hungary’s Paks nuclear plant.
Hungary Buys Stake In ERSTE, Pledges Bank Tax Cut
- 13 Feb 2015 8:00 AM
- business
Conservative pundits welcome the government’s decision to temporarily invest in ERSTE Bank Hungary and pledge to take out the surplus bank tax. This, they believe, will help consolidate the banking sector and boost lending. A left-wing commentator doubts that the government will fulfil its promises.