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FX loan
Important
PHOTOS: Hungary’s newest luxurious Hilton hotel to open soon!
BREAKING: Another flight cancelled at Budapest Airport, here is Wizz Air’s announcement about Israel flights
06/07/2017
Jobbik calls on government reopen debate on FX loans
#Jobbik party has called on the government to revisit all decisions affecting #FX #loan-holders
06/07/2017
Business
13/04/2017
Jobbik proposes renegotiation of forex loans
#Jobbik is preparing to submit to parliament a proposal that would allow a renegotiation of foreign currency loans between banks and debtors
13/04/2017
Business
03/03/2017
Budapest court submits FX retail loan query to Luxembourg
"The main question is whether EU consumer protection laws allow such a contractual clause"
03/03/2017
Business
19/07/2016
Share of forex debt within total stat debt falls below 30 percent
In the month of June 2016, the share of forex debt within the total volume of state debt was down by 5 percent year-on-year. Positive fiscal
[…]
19/07/2016
Business
27/05/2016
Most borrowers arbitration cases related to settlement
Budapest, May 27 (MTI) – Around 80 percent of cases Hungarians have brought before the Financial Arbitration Body for mediation are related to the settlement
[…]
27/05/2016
Business
01/03/2016
More than half of FX loan contract disputes continued in court after settlement
Budapest, March 1 (MTI) – A little more than half of Hungarian borrowers who sued their lenders over foreign-currency denominated loan contracts continued their cases even
[…]
01/03/2016
Business
17/12/2015
Economy minister: Brussels undermining Hungary’s debt reduction efforts
Budapest, December 17 (MTI) – Hungary’s efforts to reduce the public debt have been hindered by a protracted dispute with the European Union concerning the accounting
[…]
17/12/2015
Business
16/12/2015
AKK plan shows EUR 20.25bn gross issuance next year
Budapest, December 16 (MTI) – Hungary’s foreign debt manager AKK plans gross issuance of 6,389 billion forints (EUR 20.25bn) next year, a debt management outlook released
[…]
16/12/2015
Business
03/12/2015
Top court rejects complaints against FX loan conversion legislation
Budapest, December 2 (MTI) – Hungary’s Constitutional Court rejected requests to declare legislation on the conversion of retail FX mortgages into forint unconstitutional, the court said
[…]
03/12/2015
Business
28/11/2015
Fitch: recovery of Hungarian banks underway
London (MTI) – The operating environment for banks in Hungary has improved, due to positive developments in the economy and the government’s intention to facilitate a
[…]
28/11/2015
Business
16/11/2015
Forint joins CLS multi-currency cash settlement system
Budapest, November 16 (MTI) – Hungary’s forint has become a part of the CLS system that settles payment instructions relating to underlying FX transactions, the company
[…]
16/11/2015
Business
22/09/2015
Parliament passes forex car loan conversion bill
Budapest, September 22 (MTI) – Lawmakers on Tuesday passed legislation which orders the conversion of forex car loans and personal loans into forints. The conversions will
[…]
22/09/2015
Business
24/08/2015
Banks fix exchange rate of FX car loans
Budapest, August 24 (MTI) – Banks will fix the exchange rate of foreign currency car loans on Monday, when the National Bank of Hungary (NBH) holds
[…]
24/08/2015
Business
23/07/2015
Police remove FX civil movement demonstrators in central Budapest
Budapest, July 23 (MTI) – Police removed 17 activists of a civil movement representing troubled forex mortgage holders who blocked a section of a street in
[…]
23/07/2015
Business
24/06/2015
Varga says FX bond issuance possible, depending on market developments
Budapest, June 24 (MTI) – It is conceivable that Hungary may issue foreign currency bonds if developments on the market warrant such a move, though the
[…]
24/06/2015
Business
12/05/2015
Socialists: FX loan conversion rate fair at 2010 rates
Budapest, May 12 (MTI) – The government’s ill-conceived economic policies have weakened the forint, so the conversion of FX loans should have been carried out at
[…]
12/05/2015
Business
18/01/2015
Orban: FX consumer loan issues to be settled between banks, debtors
Budapest, January 18 (MTI) – Issues around consumer loans denominated in foreign currencies should be settled between lenders and borrowers, Prime Minister Viktor Orban told public
[…]
18/01/2015
Politics
21/11/2014
FX Loans – Parliament Committee: Loans Maturing Within 6 Years Not Mandatory for Conversion
Budapest, November 20 (MTI) – It will be optional to convert a foreign currency loan into a forint-based one in the case of loans maturing by
[…]
21/11/2014
Business
11/11/2014
FX Loan Conversion to Be Practically Mandatory, Says Govt Spokesman
Budapest, November 10 (MTI) – The conversion of retail foreign currency-denominated loans into forints will be practically mandatory for all borrowers, government spokesman Zoltan Kovacs said
[…]
11/11/2014
Business
05/11/2014
Banks expect market-rate conversions of FX loans, says bank assn head
Budapest (MTI) – Banks expect that foreign-currency loans would be converted to forints at market rates, the head of the banking association said on Tuesday. Banks
[…]
05/11/2014
Business
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