Results for Hungary
- Hungary Levies Record Fine on Banks in Forex Mortgage Case
Hungary’s competition authority Wednesday levied its highest ever fine in a cartel case against the country’s largest banks, saying they had discouraged home owners with a foreign-currency mortgage from taking part in a program aimed at reducing their lo ...
Daily Headline - global.abi.org - 11/20/2013 - 23:07 - 0 comments
- S&P Affirms Hungary Junk Rating, Warns of Debt Vulnerability
Standard & Poor’s Ratings Services warned Friday that it may downgrade Hungary further into non-investment grade over the next 12 months should government policies weaken investor confidence and the outlook for recovery, The Wall Street Journal E ...
Daily Headline - global.abi.org - 10/27/2013 - 22:00 - 0 comments
- Magyar Telekom To Seek Court Approval For Debt Restructuring
Hungarian operator Magyar Telekom announced plans to apply to the High Court of Justice in England and Wales for a court hearing to be held no earlier than 28 October for approval of its earlier announced debt-equity swap, Telecompaper reported. This sho ...
Daily Headline - global.abi.org - 10/21/2013 - 21:05 - 0 comments
- Hungary Talks with Banks on FX Mortgage Relief Focus on Conversion
Talks between Hungary’s government and its banking association over a relief plan for households with foreign currency mortgages are focusing on exchange rates, the timing of a possible debt conversion and interest on converted mortgage loans, the secret ...
Daily Headline - global.abi.org - 09/03/2013 - 19:29 - 0 comments
- Hungary Tour Operator Goes Bust Partly Due To Egypt Troubles
Leading Hungarian tour operator Best Reisen Ltd, hit by big losses on holidays to Egypt and Tunisia, said on Friday it had gone bankrupt, leaving hundreds of passengers in Red Sea resorts in Egypt, Reuters reported. The company said it had financial depo ...
Daily Headline - global.abi.org - 08/18/2013 - 20:25 - 0 comments
- Hungary Debt Sustainability Still at Risk, Says Moody’s
The sustainability of Hungary’s public debt, the highest in Central Europe as a percentage of gross domestic product, continues to be at risk despite the European Commission’s recommendation that the European Union lift its strict budget monitoring of th ...
Daily Headline - global.abi.org - 06/03/2013 - 19:50 - 0 comments
- Article 5 of EIR: More answers and questions
There are very few known cases about the practice of Art 5 of EC Insolvency Regulation (1346/2000). In Hungary there is a case related to Art 5, in which the European Court of Justice (ECJ) has made a preliminary judgment (C-527/10). (Europe, Hun ...
Resource Article - twallace@abiwor... - 09/19/2013 - 14:36 - 0 comments - 1 attachment
- Hungary Should Clean Up Bad Debts With Personal Insolvency Plan
Hungary should bring in personal insolvency legislation to help to deal with bad debts left over from the country's property boom, a senior official from Hungary's central bank said on Wednesday, Reuters reported. "For non-performing (loan ...
Daily Headline - global.abi.org - 05/08/2013 - 20:48 - 0 comments
- Hungary Unveils Growth Stimulus Package
Gyorgy Matolcsy, the governor of Hungary’s central bank , on Thursday revealed a package of measures potentially worth up to €4.6bn designed to stimulate growth in Hungary’s flagging economy, the Financial Times reported. Mr Matolcsy, who caused cont ...
Daily Headline - global.abi.org - 04/04/2013 - 21:48 - 0 comments
- Hungary Plans Punitive Tax on Assets Parked in Switzerland
Hungary wants to impose a punitive 35% capital gains tax on assets its nationals deposited in Switzerland, but it may have a hard time getting information out of the Alpine country, according to a French-based consultancy, The Wall Street Journal Eme ...
Daily Headline - global.abi.org - 01/21/2013 - 21:25 - 0 comments