EBRD

11/04/2016

State, EBRD set to acquire Erste Hungary stakes by end-Q2

Budapest (MTI) – The state of Hungary and the European Bank for Reconstruction and Development (EBRD) are making the final calculations for their acquisition of 15 […]
09/04/2016

Economy minister welcomes positive trends in banking sector

Budapest (MTI) – Economy Minister Mihály Varga said he welcomed positive trends in lending in Hungary and noted that last year banks started to post profits […]
25/02/2016

EBRD sees no evidence for alleged fraud by ethnic Hungarian mayor

Sfantu Gheorghe, Romania, February 24 (MTI) – The European Bank for Reconstruction and Development (EBRD) has “no reason to believe” that a loan it had provided […]
19/01/2016

Demand for credit has grown, economy minister tells Euromoney conference

Vienna, January 19 (MTI) – The government’s family home-building scheme has triggered higher demand for credit and this in turn is vitalising the Hungarian economy, Mihaly […]
20/12/2015

Hungary not at risk, says EBRD

Budapest (MTI) – The European Bank for Reconstruction and Development has said that there is no risk in connection with Hungary as far as the bank […]
13/12/2015

Official: Reduced banking tax to encourage lending

Budapest, December 12 (MTI) – The government expects the lowered banking tax to encourage lending activity and thus promote economic growth, an economy ministry state secretary […]
11/12/2015

Government proposes reduced banking tax from January 1. 

Budapest, December 11 (MTI) – The government has proposed lowering the banking tax as of January 2016 from 0.31 percent to 0.24 percent, the economy ministry […]
08/12/2015

EBRD optimistic about growth in Hungary

Budapest, December 8 (MTI) – The outlook of the European Bank for Reconstruction and Development (EBRD) for GDP growth in Hungary is more optimistic than the […]
04/12/2015

Government committed to keeping EBRD agreement

Budapest (MTI) – Hungary’s government is committed to keeping its agreement with the European Bank for Reconstruction and Development (EBRD), Economy Minister Mihaly Varga said on […]
25/09/2015

You can travel with electronic tickets in Budapest in a year

Kalef Newsletter learned a lot of things from BKK (Budapest Transport Center) on last week’s Car-Free Day. Perhaps, one of them the most interesting was that […]
12/08/2015

State to acquire Erste stake by year-end

Budapest, August 12 (MTI) – The Hungarian state and the European Bank for Reconstruction and Development (EBRD) are committed to acquiring minority stakes in Erste Bank […]
16/07/2015

Hungary “good investment destination”, says EBRD director 

Budapest, July 16 (MTI) – Hungary is seen as a democratic, economically successful modern European state and a good investment destination in the European Bank for […]
16/06/2015

Economy Minister says 2016 budget dedicated to tax cuts, opposition parties dissatisfied

Budapest, June 16 (MTI) – Economy Minister Mihaly Varga said the approval of the main 2016 budget figures on Tuesday offer the opportunity that it should […]
15/05/2015

Economy ministry: Hungary committed to EBRD deal

Budapest (MTI) – Hungary is fully committed to abiding by the cooperation agreement signed with the EBRD earlier this year, the economy ministry said on Thursday. […]
30/04/2015

Reuters – Fitch does not expect change to Hungary rating in short term

Budapest (MTI) – Fitch Ratings does not expect a change to Hungary’s sovereign rating in the short term, the ratings agency said in an emailed response […]
15/04/2015

Varga conveys govt comments on EC prelim report on Hungary

Brussels, April 15 (MTI) – Economy Minister Mihaly Varga held talks in Brussels on Tuesday with Jonathan Hill, EU commissioner for financial stability, financial services and […]
14/04/2015

Government earmarks HUF 15 bn for acquiring Erste stake

Budapest, April 14 (MTI) – The government has earmarked 15 billion forints (EUR 50.6m) for acquiring a 15 percent stake in the Hungarian unit of Erste […]
26/03/2015

Erste dismisses reports of financial trouble as rumour

Budapest (MTI) – Erste Bank Hungary has dismissed as “unfounded rumour” reports alleging that the bank’s financial position had weakened, and pledged to file a criminal […]
27/02/2015

Hungarians are still terrified of loans

Bankmonitor examined how household lending has been forming in neighboring countries and throughout Europe since the outbreak of the crisis. The results are surprising: in Europe, […]
13/02/2015

Government: EBRD deal signals new fiscal policy

Budapest, February 12 (MTI) – The government’s recent signing of an agreement with the European Bank for Reconstruction and Development (EBRD) marks the beginning of a […]