88 result(s) for erste bank in Business
Jobless Rate In Hungary Falls To 6.7% In June -Aug
- 29 Sep 2015 4:35 AM
- business
The average unemployment rate in Hungary edged down to 6.7% in June-August, the Central Statistical Office (KSH) said. The jobless rate for Hungarians between the ages of 15 and 74 was down from 6.8% in May- July and 7.7% in the same period a year earlier. In absolute terms, the number of unemployed averaged 303,800 in June-August. There were 2,984,400 economically inactive Hungarians— those ...
Erste To Buy Hungarian Retail Business Of Citibank
- 4 Sep 2015 10:00 AM
- business
Erste Bank will buy the Hungarian retail business of Citibank, while Citibank will continue to focus on corporate and institutional clients, the two banks announced on Wednesday.
Hungary’s Central Bank Keeps Base Rate On Hold At 1.35%, As Expected
- 26 Aug 2015 9:00 AM
- business
Hungarian rate-setters on Tuesday kept the central bank’s key rate on hold at 1.35%, as expected. The decision was widely expected, after the rate-setters clearly signalled an end to an easing cycle at the previous monthly policy meeting. Central bank governor György Matolcsy said at the time that the earlier series of 15 basis point cuts carried out for five consecutive months would soon come to ...
Erste Bank Hungary Establishes Mortgage Bank
- 5 Aug 2015 9:00 AM
- business
Erste Bank Hungary on Monday announced the establishment of its own mortgage bank. The company charter has been signed, but the unit still requires the approval of the National Bank of Hungary (NBH). The NBH requires lenders to back at least 15% of their net mortgage loans with long-term liabilities from October 1, 2016, which probably explains Erste Bank Hungary’s motivation.
Hungarian Parties, Analysts React To 2016 Budget Proposal
- 22 Apr 2015 9:00 AM
- business
Antal Rogán, head of the Fidesz parliamentary group, said Fidesz called the planned 2016 budget “a milestone on the path of tax cuts” and insisted that the government is a “cabinet of tax reductions”. Analysts polled by MTI said the macro figures for the 2016 budget were realistic.
BUX Q1 Index Hits Almost 4-Year High
- 1 Apr 2015 9:00 AM
- business
The BUX index rose 18.4% in the first quarter to reach over 20,000 points, its highest level since the summer of 2011. OTP Bank saw its share prices increase the most. The stock rally gained speed after the government signed an agreement with EBRD and Erste Bank to gradually cut the bank tax, thus boosting profits at OTP.
Xpat Opinion: Stop Using Taxes As A Weapon
- 20 Feb 2015 8:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: It is generally understood that tax cuts are good for business, and can actually increase government revenue by encouraging private-sector activity, which in turn generates more taxable revenue.
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.
Giró-Szász: EBRD Deal Signals New Fiscal Policy In Hungary
- 12 Feb 2015 3:00 AM
- business
The government’s recent signing of an agreement with the European Bank for Reconstruction and Development (EBRD) marks the beginning of a new era in Hungary’s fiscal policy, cabinet state secretary András Giró-Szász said, insisting that the government had stabilised the Hungarian economy and resolved the problem of troubled forex debtors, which created an opportunity to reduce the sectoral tax on ...
Jobless Rate In Hungary Falls To 6.7% In June -Aug
- 29 Sep 2015 4:35 AM
- business
The average unemployment rate in Hungary edged down to 6.7% in June-August, the Central Statistical Office (KSH) said. The jobless rate for Hungarians between the ages of 15 and 74 was down from 6.8% in May- July and 7.7% in the same period a year earlier. In absolute terms, the number of unemployed averaged 303,800 in June-August. There were 2,984,400 economically inactive Hungarians— those ...
Erste To Buy Hungarian Retail Business Of Citibank
- 4 Sep 2015 10:00 AM
- business
Erste Bank will buy the Hungarian retail business of Citibank, while Citibank will continue to focus on corporate and institutional clients, the two banks announced on Wednesday.
Hungary’s Central Bank Keeps Base Rate On Hold At 1.35%, As Expected
- 26 Aug 2015 9:00 AM
- business
Hungarian rate-setters on Tuesday kept the central bank’s key rate on hold at 1.35%, as expected. The decision was widely expected, after the rate-setters clearly signalled an end to an easing cycle at the previous monthly policy meeting. Central bank governor György Matolcsy said at the time that the earlier series of 15 basis point cuts carried out for five consecutive months would soon come to ...
Erste Bank Hungary Establishes Mortgage Bank
- 5 Aug 2015 9:00 AM
- business
Erste Bank Hungary on Monday announced the establishment of its own mortgage bank. The company charter has been signed, but the unit still requires the approval of the National Bank of Hungary (NBH). The NBH requires lenders to back at least 15% of their net mortgage loans with long-term liabilities from October 1, 2016, which probably explains Erste Bank Hungary’s motivation.
Hungarian Parties, Analysts React To 2016 Budget Proposal
- 22 Apr 2015 9:00 AM
- business
Antal Rogán, head of the Fidesz parliamentary group, said Fidesz called the planned 2016 budget “a milestone on the path of tax cuts” and insisted that the government is a “cabinet of tax reductions”. Analysts polled by MTI said the macro figures for the 2016 budget were realistic.
BUX Q1 Index Hits Almost 4-Year High
- 1 Apr 2015 9:00 AM
- business
The BUX index rose 18.4% in the first quarter to reach over 20,000 points, its highest level since the summer of 2011. OTP Bank saw its share prices increase the most. The stock rally gained speed after the government signed an agreement with EBRD and Erste Bank to gradually cut the bank tax, thus boosting profits at OTP.
Xpat Opinion: Stop Using Taxes As A Weapon
- 20 Feb 2015 8:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: It is generally understood that tax cuts are good for business, and can actually increase government revenue by encouraging private-sector activity, which in turn generates more taxable revenue.
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.
Giró-Szász: EBRD Deal Signals New Fiscal Policy In Hungary
- 12 Feb 2015 3:00 AM
- business
The government’s recent signing of an agreement with the European Bank for Reconstruction and Development (EBRD) marks the beginning of a new era in Hungary’s fiscal policy, cabinet state secretary András Giró-Szász said, insisting that the government had stabilised the Hungarian economy and resolved the problem of troubled forex debtors, which created an opportunity to reduce the sectoral tax on ...