Hungary

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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 - 21:48 - 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 - 22:48 - 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 - 22:25 - 0 comments

Hungary's Premier Talks Tough on Aid Conditions

Hungary's premier on Thursday said his government wouldn't agree to conditions sought by the European Union and International Monetary Fund in exchange for a financial-support package, saying the country would rather forgo help than cut pension ...

Daily Headline - global.abi.org - 09/06/2012 - 22:15 - 0 comments

Random electronic selection of IPs in Hungary: The coincidence is not accidental

In July 2010 a new era began with the “designation” of bankruptcy cases in Hungary, writes Réka Korompay-Túróczi. But is it working as intended? (Europe, Hungary) bankruptcy,insolvency,headlines,articles,legislatives,debt,resources,insol,Europe ...

Resource Article - abi_editor - 08/01/2012 - 15:58 - 0 comments - 1 attachment

European Commission Will Discuss Hungarian Loan Talks

The European Commission is to consider Wednesday whether to start formal talks with Hungary on a precautionary loan package, after delaying negotiations for months amid disagreements about the independence of the country's central bank and other con ...

Daily Headline - global.abi.org - 04/24/2012 - 21:34 - 0 comments

Finance Ministers Clamp Down on Hungary, Spain

European finance ministers agreed to suspend European Union funds destined for Hungary because of its failure to hit budget targets while, under pressure from other euro-zone governments, Spain agreed to deeper budget cuts than it had planned for this ye ...

Daily Headline - global.abi.org - 03/13/2012 - 19:07 - 0 comments

EU Threatens Funding Cut to Hungary

unprecedented for any member state, would represent 0.5% of Hungary's gross domestic product, and comes as ...

Daily Headline - global.abi.org - 02/22/2012 - 23:06 - 0 comments

IMF Sees Malev’s Downfall Hitting Hungary’s Budget

The collapse of Hungary’s national airline, Malev, will likely make such a big hole in the country’s budget it has attracted the inquiring eye of the International Monetary Fund, The Wall Street Journal Emerging Europe blog reported. State-owned Male ...

Daily Headline - global.abi.org - 02/09/2012 - 21:52 - 0 comments

Liquidation Of Hungarian National Airline To Cost $4.6 Billion

The liquidation of Hungary's national airline Malev would cost the state HUF1 trillion ($4.6 billion) under the provision of a contract, government commissioner Gyula Budai said Wednesday, Dow Jones DBR Small Cap reported. The sum is payable und ...

Daily Headline - global.abi.org - 02/08/2012 - 22:55 - 0 comments

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