249 result(s) for editor in Business
Hungarian Forint Continues To Weaken
- 6 Jan 2015 8:00 AM
- business
The forint weakened further on Monday, hitting Ft 320.83 per euro in the morning but returning to 318.25 in the afternoon. The daily low is only 1% off the all-time low against the euro of Ft 324.2. The forint sank to its lowest level against the dollar in 10 years at one point, trading at Ft 266.56.
VAT Fraud Found At CBA Suppliers
- 23 Dec 2014 8:00 AM
- business
Tax officials raided Budapest meat wholesalers in early December, after employing covert information-gathering techniques and questioning 33 suspects, Népszabadság writes. The Tax Office announced last Friday that up to Ft 5 billion in VAT fraud is suspected.
Changing Banks In Hungary Will Become Easier
- 12 Dec 2014 8:00 AM
- business
The codification of an EU directive to make it easier for consumers to switch banks is currently under way at the central bank and the Economy Ministry, MNB head of financial infrastructure Lajos Bartha told Napi Gazdaság. Currently, it takes an average of 30 days to change banks.
Hungariy's Economy Ministry Tight-Lipped Over Sale Of State Assets
- 21 Nov 2014 8:00 AM
- business
The Economy Ministry has declined to disclose details as to why the draft 2015 budget includes Ft 169 billion in revenue from the potential utilisation or sale of state assets, Napi Gazdaság reports.
New Sectoral Tax On Tobacco Firms In Hungary
- 14 Nov 2014 7:00 AM
- business
A Fidesz MP yesterday submitted to Parliament a special tax on the tobacco sector, the proceeds of which would be used only for health-related spending. The progressive tax, to be levied on net revenues, would be a temporary measure, according to the draft bill.
Citibank Planning To Leave Hungary
- 15 Oct 2014 9:00 AM
- business
Citibank announced on Tuesday that it will withdraw from the retail banking markets in Hungary and ten other countries around the globe. The sale of these divisions is under way in most of the affected countries and will be completed in 2015 in all of them, the US-based bank group said.
Suzuki Cuts Back To One Shift In Hungary
- 14 Oct 2014 9:00 AM
- business
Magyar Suzuki has cut the number of shifts at its Esztergom factory from two to one until the end of the year, spokeswoman Viktória Ruska announced on Monday. Production of the Slash and S models has come to an end, but preparations are ongoing to begin production of a new SUV model, the Vitara, she added.
Hungary’s OTP Considers Polish Acquisition
- 9 Oct 2014 9:00 AM
- business
OTP has set its sights on FM Bank, one of the smallest banks in Poland, whose owner may be forced to sell it, according to local media. Abris Capital Partners bought the bank from WestLB, with plans to list it on the stock market, but that attempt failed after the Polish regulator instructed the company to sell its stake.
IMF Raises Hungarian Growth Forecast
- 8 Oct 2014 9:00 AM
- business
The IMF has increased its economic growth forecast for Hungary from 2% to 2.8% for this year, and from 1.7% to 2.3% next year, in its latest forecast. Growth is supported by monetary easing and state spending in Hungary, the IMF added.
Hungarian Forint Continues To Weaken
- 6 Jan 2015 8:00 AM
- business
The forint weakened further on Monday, hitting Ft 320.83 per euro in the morning but returning to 318.25 in the afternoon. The daily low is only 1% off the all-time low against the euro of Ft 324.2. The forint sank to its lowest level against the dollar in 10 years at one point, trading at Ft 266.56.
VAT Fraud Found At CBA Suppliers
- 23 Dec 2014 8:00 AM
- business
Tax officials raided Budapest meat wholesalers in early December, after employing covert information-gathering techniques and questioning 33 suspects, Népszabadság writes. The Tax Office announced last Friday that up to Ft 5 billion in VAT fraud is suspected.
Changing Banks In Hungary Will Become Easier
- 12 Dec 2014 8:00 AM
- business
The codification of an EU directive to make it easier for consumers to switch banks is currently under way at the central bank and the Economy Ministry, MNB head of financial infrastructure Lajos Bartha told Napi Gazdaság. Currently, it takes an average of 30 days to change banks.
Hungariy's Economy Ministry Tight-Lipped Over Sale Of State Assets
- 21 Nov 2014 8:00 AM
- business
The Economy Ministry has declined to disclose details as to why the draft 2015 budget includes Ft 169 billion in revenue from the potential utilisation or sale of state assets, Napi Gazdaság reports.
New Sectoral Tax On Tobacco Firms In Hungary
- 14 Nov 2014 7:00 AM
- business
A Fidesz MP yesterday submitted to Parliament a special tax on the tobacco sector, the proceeds of which would be used only for health-related spending. The progressive tax, to be levied on net revenues, would be a temporary measure, according to the draft bill.
Citibank Planning To Leave Hungary
- 15 Oct 2014 9:00 AM
- business
Citibank announced on Tuesday that it will withdraw from the retail banking markets in Hungary and ten other countries around the globe. The sale of these divisions is under way in most of the affected countries and will be completed in 2015 in all of them, the US-based bank group said.
Suzuki Cuts Back To One Shift In Hungary
- 14 Oct 2014 9:00 AM
- business
Magyar Suzuki has cut the number of shifts at its Esztergom factory from two to one until the end of the year, spokeswoman Viktória Ruska announced on Monday. Production of the Slash and S models has come to an end, but preparations are ongoing to begin production of a new SUV model, the Vitara, she added.
Hungary’s OTP Considers Polish Acquisition
- 9 Oct 2014 9:00 AM
- business
OTP has set its sights on FM Bank, one of the smallest banks in Poland, whose owner may be forced to sell it, according to local media. Abris Capital Partners bought the bank from WestLB, with plans to list it on the stock market, but that attempt failed after the Polish regulator instructed the company to sell its stake.
IMF Raises Hungarian Growth Forecast
- 8 Oct 2014 9:00 AM
- business
The IMF has increased its economic growth forecast for Hungary from 2% to 2.8% for this year, and from 1.7% to 2.3% next year, in its latest forecast. Growth is supported by monetary easing and state spending in Hungary, the IMF added.