151 result(s) for currency in Business
Hungarian Parliament Approves “Fair Banking” Law
- 26 Nov 2014 8:00 AM
- business
Parliament approved a law on “fair banking” and a separate legislation on converting forex loans into home currency. The former establishes strict conditions for unilateral changes to interest rates and fees, as well as requires banks to provide adequate information before loan contracts are signed.
Hungary Repaid EUR 2bn To European Union
- 10 Nov 2014 8:00 AM
- business
An instalment of EUR 2bn, agreed upon in the loan agreement Hungary concluded with the European Commission in the autumn of 2008, was transferred at the end of October 2014 to the account of the European Union. Due to technical accounting issues, Hungary’s state debt is lower as of today.
Economist Péter Róna On Hungary’s Post Election Austerity Plans
- 26 Sep 2014 5:00 AM
- business
“They need the austerity so that there is something to steal. This is the basic mechanism.” – Péter Róna, Oxford professor of economics and policy advisor to opposition party Politics Can Be Different (LMP)
Hungarian Parliament Passes Debt Relief Act
- 26 Sep 2014 1:00 AM
- business
Parliament passed the Debt Relief Act yesterday requiring banks to return millions of forints to forex- and forint-loan debtors for losses arising from unilateral contract modifications and currency margin disparities.
S & P Reaffirms Hungary Rating
- 22 Sep 2014 9:00 AM
- business
Standard and Poor’s on Friday reaffirmed Hungary’s BB/B long- and short-term foreign and local currency sovereign credit ratings with a stable outlook. S and P changed Hungary’s outlook to stable from negative on March 28, 2014.
Hungarian Bill Bans Banks From Raising Fees
- 15 Sep 2014 9:00 AM
- business
Fidesz has submitted a bill to Parliament that will ban banks from unilaterally raising interest rates, costs or fees, caucus leader Antal Rogán told reporters on Friday after the party MPs held their season-opening meeting in Tapolca.
Hungary’s Central Bank Ready To Provide Banks With Foreign Currency
- 8 Sep 2014 9:00 AM
- business
Hungary’s banks will need around 3 billion euros to offset their liabilities in connection with compensation to clients who took out loans in foreign currency, and the central bank is ready to provide forex funding to commercial lenders from its reserves, the bank’s deputy governor said.
Budapest Municipal Court Postpones Raiffeisen Ruling To September
- 27 Aug 2014 9:00 AM
- business
The Municipal Court of Budapest has postponed to September 10 its final ruling regarding a lawsuit filed by Raiffeisen Bank against the Hungarian state in connection with conditions for loans made in foreign currency. In its Tuesday decision, the court also turned down Raiffeisen’s request for an appeal to the Constitutional Court and the European Court of Justice.
Hungary’s Supreme Court Rejects K&H Bank’s Suspension Request
- 27 Aug 2014 5:00 AM
- business
K&H Bank moved to suspend the court case in which it is defending unilateral changes it made to foreign currency borrowers’ contracts, but the court turned down its request. The bank had asked the Budapest Municipal Court to appeal to the Constitutional Court and the European Court of Justice over the case.
Hungarian Parliament Approves “Fair Banking” Law
- 26 Nov 2014 8:00 AM
- business
Parliament approved a law on “fair banking” and a separate legislation on converting forex loans into home currency. The former establishes strict conditions for unilateral changes to interest rates and fees, as well as requires banks to provide adequate information before loan contracts are signed.
Hungary Repaid EUR 2bn To European Union
- 10 Nov 2014 8:00 AM
- business
An instalment of EUR 2bn, agreed upon in the loan agreement Hungary concluded with the European Commission in the autumn of 2008, was transferred at the end of October 2014 to the account of the European Union. Due to technical accounting issues, Hungary’s state debt is lower as of today.
Economist Péter Róna On Hungary’s Post Election Austerity Plans
- 26 Sep 2014 5:00 AM
- business
“They need the austerity so that there is something to steal. This is the basic mechanism.” – Péter Róna, Oxford professor of economics and policy advisor to opposition party Politics Can Be Different (LMP)
Hungarian Parliament Passes Debt Relief Act
- 26 Sep 2014 1:00 AM
- business
Parliament passed the Debt Relief Act yesterday requiring banks to return millions of forints to forex- and forint-loan debtors for losses arising from unilateral contract modifications and currency margin disparities.
S & P Reaffirms Hungary Rating
- 22 Sep 2014 9:00 AM
- business
Standard and Poor’s on Friday reaffirmed Hungary’s BB/B long- and short-term foreign and local currency sovereign credit ratings with a stable outlook. S and P changed Hungary’s outlook to stable from negative on March 28, 2014.
Hungarian Bill Bans Banks From Raising Fees
- 15 Sep 2014 9:00 AM
- business
Fidesz has submitted a bill to Parliament that will ban banks from unilaterally raising interest rates, costs or fees, caucus leader Antal Rogán told reporters on Friday after the party MPs held their season-opening meeting in Tapolca.
Hungary’s Central Bank Ready To Provide Banks With Foreign Currency
- 8 Sep 2014 9:00 AM
- business
Hungary’s banks will need around 3 billion euros to offset their liabilities in connection with compensation to clients who took out loans in foreign currency, and the central bank is ready to provide forex funding to commercial lenders from its reserves, the bank’s deputy governor said.
Budapest Municipal Court Postpones Raiffeisen Ruling To September
- 27 Aug 2014 9:00 AM
- business
The Municipal Court of Budapest has postponed to September 10 its final ruling regarding a lawsuit filed by Raiffeisen Bank against the Hungarian state in connection with conditions for loans made in foreign currency. In its Tuesday decision, the court also turned down Raiffeisen’s request for an appeal to the Constitutional Court and the European Court of Justice.
Hungary’s Supreme Court Rejects K&H Bank’s Suspension Request
- 27 Aug 2014 5:00 AM
- business
K&H Bank moved to suspend the court case in which it is defending unilateral changes it made to foreign currency borrowers’ contracts, but the court turned down its request. The bank had asked the Budapest Municipal Court to appeal to the Constitutional Court and the European Court of Justice over the case.