Finance

Banking

Switzerland, foreign millionaires’ „paradise,” may raise taxes

Switzerland, which has attracted millionaires from Ikea founder Ingvar Kamprad to ex-Formula One champion Michael Schumacher, may raise taxes on...

MNB

Milken says credit could free $100 trillion for poor

Michael Milken, the junk bond billionaire turned philanthropist, says developing countries could free up trillions of dollars by increasing their...

MNB

Gold gains as dollar falls on reduced demand for US assets – extended

Gold climbed to a two-week high in New York as the prospect of a weaker dollar spurred demand for the...

Banking

Off-shore companies are leaving

Off-shore companies are gradually leaving the country, tax experts say....

Ratings

Rosneft rating outlook raised by Moody’s on improved finances

OAO Rosneft, Russia's second-biggest oil producer, had its long-term credit outlook raised by Moody's Investors Service, which cited improving corporate...

MNB

Wienerberger plans to sell hybrid bonds in euros

Wienerberger AG, the world's biggest brickmaker, plans to sell €400 million ($517 million) of so-called hybrid bonds to pay off...

MNB

Gold may rise for 2nd week as alternative to dollar

Gold may rise for a second week on speculation that Russia and oil-producing nations in the Middle East will shift...

MNB

World Gold Council may offer new funds in Europe and India

The World Gold Council, a producer group supported by the world's biggest miners, may start selling gold-backed securities in Italy,...

MNB

Russian reserves advance for 11th week, surge to $303.9 bln

Russia's foreign currency and gold reserves surged for an 11th week as the nation heads for a ninth year of...

Banking

IPA concerns go official

The Budapest Court (FB)’s report on the ‘‘local business tax’’ (IPA) procedure was published on the EU’s official website....

MNB

Hungary’s international reserves down €282 mln to €16.397 bln in December

Hungary's international reserves decreased €282 mln in December after €292 mln increase in November, preliminary figures released by the National...

MNB

City analysts see forint weakening, higher rates, Hungary’s c/a deficit narrowing – extended

London-based emerging market analysts expect the forint to see a negative correction and rates to rise in the coming months,...

Banking

Employers, unions, gov’t closer to reaching wage rise agreement

Employers, unions and the government came closer to an agreement on wage rises in 2007 at a Friday meeting of...

MNB

Hungary borrows at lowest yield in 15 months on budget pledge

Hungary borrowed at the lowest rate in 15 months as a pledge by Prime Minister Ferenc Gyurcsány to cut spending...

Ratings

Moody’s downgrades seven Hungarian lenders including OTP Bank

Moody's downgraded the long-term foreign currency deposit ratings of seven Hungarian banks, including OTP Bank, following similar action for the...

Banking

Switzerland, foreign millionaires’ „paradise,” may raise taxes

Switzerland, which has attracted millionaires from Ikea founder Ingvar Kamprad to ex-Formula One champion Michael Schumacher, may raise taxes on...

MNB

Milken says credit could free $100 trillion for poor

Michael Milken, the junk bond billionaire turned philanthropist, says developing countries could free up trillions of dollars by increasing their...

MNB

Gold gains as dollar falls on reduced demand for US assets – extended

Gold climbed to a two-week high in New York as the prospect of a weaker dollar spurred demand for the...

Banking

Off-shore companies are leaving

Off-shore companies are gradually leaving the country, tax experts say....

Ratings

Rosneft rating outlook raised by Moody’s on improved finances

OAO Rosneft, Russia's second-biggest oil producer, had its long-term credit outlook raised by Moody's Investors Service, which cited improving corporate...

MNB

Wienerberger plans to sell hybrid bonds in euros

Wienerberger AG, the world's biggest brickmaker, plans to sell €400 million ($517 million) of so-called hybrid bonds to pay off...

MNB

Gold may rise for 2nd week as alternative to dollar

Gold may rise for a second week on speculation that Russia and oil-producing nations in the Middle East will shift...

MNB

World Gold Council may offer new funds in Europe and India

The World Gold Council, a producer group supported by the world's biggest miners, may start selling gold-backed securities in Italy,...

MNB

Russian reserves advance for 11th week, surge to $303.9 bln

Russia's foreign currency and gold reserves surged for an 11th week as the nation heads for a ninth year of...

Banking

IPA concerns go official

The Budapest Court (FB)’s report on the ‘‘local business tax’’ (IPA) procedure was published on the EU’s official website....

MNB

Hungary’s international reserves down €282 mln to €16.397 bln in December

Hungary's international reserves decreased €282 mln in December after €292 mln increase in November, preliminary figures released by the National...

MNB

City analysts see forint weakening, higher rates, Hungary’s c/a deficit narrowing – extended

London-based emerging market analysts expect the forint to see a negative correction and rates to rise in the coming months,...

Banking

Employers, unions, gov’t closer to reaching wage rise agreement

Employers, unions and the government came closer to an agreement on wage rises in 2007 at a Friday meeting of...

MNB

Hungary borrows at lowest yield in 15 months on budget pledge

Hungary borrowed at the lowest rate in 15 months as a pledge by Prime Minister Ferenc Gyurcsány to cut spending...