81 result(s) for pressure in Business
IMF Projects Faster Economic Growth In Hungary
- 12 May 2015 9:00 AM
- business
The International Monetary Fund raised its forecast for Hungary’s economic growth in its Regional Economic Issues report. Growth could reach 2.7% this year according to the new report. The forecast was raised from 2.3% in the previous report published in October 2014. For 2016, the IMF expects growth of 2.3%.
IMF Raises Hungary 2015 Growth Forecast
- 15 Apr 2015 9:00 AM
- business
The International Monetary Fund (IMF) has raised its projection for economic growth in Hungary this year to 2.7% from 2.3% predicted last October. In its World Economic Outlook published Tuesday, the Fund said economic growth remained strong in Hungary but it is expected to decline this year on account of lower investment growth and less supportive fiscal conditions.
Hungarian Forint Wobbles Then Mostly Stable On Interbank Market
- 8 Jan 2015 8:00 AM
- business
The forint was trading at 318.39 to the euro late Wednesday on the interbank forex market, up from 319.66 late on the previous day. At 319.94 to the euro early Wednesday, the forint moved between 318.38 and 320.87, after it fell to a new three-year low at 321.35 on Tuesday.
Hungarian Govt Working To Minimise Losses Due To Russian Embargo
- 25 Aug 2014 9:00 AM
- business
The government is working to minimise the losses suffered by Hungary’s apple growers due to a Russian ban on imports from Europe, the state secretary of the agriculture ministry told public Kossuth Rádió on Friday. István Nagy said that the government’s efforts were aimed at finding alternative markets and noted that “new ties being developed as part of Hungary’s eastern opening strategy will ...
Moody’s Downgrades Hungary’s Erste, FHB Banks
- 13 Aug 2014 3:00 AM
- business
Moody’s Investors Service downgraded the deposit ratings of Erste Bank Hungary and FHB Mortgage Bank both to B3 from B2 on Tuesday, the ratings agency announced. Moody’s maintained the negative outlook for both banks, citing “increased risk of losses” resulting from recently adopted borrowers’ relief legislation and “ongoing negative pressure on...financial fundamentals”.
Hungary's Inflation In Negative Territory Again
- 12 Jun 2014 9:00 AM
- business
Consumer prices showed a year-on-year decline for the second straight month in May, down 0.1%, as in April, and 0.2% lower than in the previous month, the Central Statistics Office announced yesterday.
Situation Of Hungarian Banks Touchy Topic In Austria
- 3 Feb 2014 3:00 AM
- business
The situation of Hungarian banks is a sensitive issue in Austria, Ewald Nowotny, the governor of the country’s central bank, said in an interview in business daily Napi Gazdaság. Speaking about a possible withdrawal of Austrian banks from Hungary, Nowotny said it was in the interest of both sides to avoid taking hasty decisions and to think long term.
KBC Bank Not Exiting Hungary
- 13 Jan 2014 8:01 AM
- business
Belgian financial group KBC will not exit Hungary despite a tough outlook for profitability and pressure from the authorities for consolidation, the head of KBC’s local business told Reuters. Central bank governor György Matolcsy, a former economy minister who launched Europe’s highest bank levy to stabilise the state budget, said last month four foreign banks could leave Hungary in the next 6-18 ...
Base Rate Falls To Record Low 3.4% In Hungary
- 30 Oct 2013 8:00 AM
- business
The MNB’s monetary council lowered the base rate for the 15th consecutive month on Tuesday, from 3.6% to 3.4% in a move expected by most analysts.
IMF Projects Faster Economic Growth In Hungary
- 12 May 2015 9:00 AM
- business
The International Monetary Fund raised its forecast for Hungary’s economic growth in its Regional Economic Issues report. Growth could reach 2.7% this year according to the new report. The forecast was raised from 2.3% in the previous report published in October 2014. For 2016, the IMF expects growth of 2.3%.
IMF Raises Hungary 2015 Growth Forecast
- 15 Apr 2015 9:00 AM
- business
The International Monetary Fund (IMF) has raised its projection for economic growth in Hungary this year to 2.7% from 2.3% predicted last October. In its World Economic Outlook published Tuesday, the Fund said economic growth remained strong in Hungary but it is expected to decline this year on account of lower investment growth and less supportive fiscal conditions.
Hungarian Forint Wobbles Then Mostly Stable On Interbank Market
- 8 Jan 2015 8:00 AM
- business
The forint was trading at 318.39 to the euro late Wednesday on the interbank forex market, up from 319.66 late on the previous day. At 319.94 to the euro early Wednesday, the forint moved between 318.38 and 320.87, after it fell to a new three-year low at 321.35 on Tuesday.
Hungarian Govt Working To Minimise Losses Due To Russian Embargo
- 25 Aug 2014 9:00 AM
- business
The government is working to minimise the losses suffered by Hungary’s apple growers due to a Russian ban on imports from Europe, the state secretary of the agriculture ministry told public Kossuth Rádió on Friday. István Nagy said that the government’s efforts were aimed at finding alternative markets and noted that “new ties being developed as part of Hungary’s eastern opening strategy will ...
Moody’s Downgrades Hungary’s Erste, FHB Banks
- 13 Aug 2014 3:00 AM
- business
Moody’s Investors Service downgraded the deposit ratings of Erste Bank Hungary and FHB Mortgage Bank both to B3 from B2 on Tuesday, the ratings agency announced. Moody’s maintained the negative outlook for both banks, citing “increased risk of losses” resulting from recently adopted borrowers’ relief legislation and “ongoing negative pressure on...financial fundamentals”.
Hungary's Inflation In Negative Territory Again
- 12 Jun 2014 9:00 AM
- business
Consumer prices showed a year-on-year decline for the second straight month in May, down 0.1%, as in April, and 0.2% lower than in the previous month, the Central Statistics Office announced yesterday.
Situation Of Hungarian Banks Touchy Topic In Austria
- 3 Feb 2014 3:00 AM
- business
The situation of Hungarian banks is a sensitive issue in Austria, Ewald Nowotny, the governor of the country’s central bank, said in an interview in business daily Napi Gazdaság. Speaking about a possible withdrawal of Austrian banks from Hungary, Nowotny said it was in the interest of both sides to avoid taking hasty decisions and to think long term.
KBC Bank Not Exiting Hungary
- 13 Jan 2014 8:01 AM
- business
Belgian financial group KBC will not exit Hungary despite a tough outlook for profitability and pressure from the authorities for consolidation, the head of KBC’s local business told Reuters. Central bank governor György Matolcsy, a former economy minister who launched Europe’s highest bank levy to stabilise the state budget, said last month four foreign banks could leave Hungary in the next 6-18 ...
Base Rate Falls To Record Low 3.4% In Hungary
- 30 Oct 2013 8:00 AM
- business
The MNB’s monetary council lowered the base rate for the 15th consecutive month on Tuesday, from 3.6% to 3.4% in a move expected by most analysts.