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• Economy

  ECB reviews Hungaryʼs euro convergence in biannual report

  

  The European Central Bank (ECB) said Hungary needs "stability-oriented economic policies" and "wide-ranging structural reforms" in a report on the progress of the countryʼs euro convergence released on Wednesday.   

   Wed, May 23, 2018, 17:25

  • ecb
  • convergence
  • euro
  • report
• Real Estate

  Immofinanz suspends merger talks with CA Immo

  

  The supervisory and executive boards of commercial real estate company Immofinanz AG decided Wednesday to continue to suspend detailed discussions over a possible merger with CA Immobilien Anlagen AG (CA Immo) for the time being and to also evaluate other strategic options.

   Thu, Mar. 1, 2018, 06:50

  • immofinanz
  • ca immo
  • merger
  • talks
• Finance

  Draghi: ECB continues to monitor MNB foundations

  

  The European Central Bank (ECB) continues to monitor several operations of the National Bank of Hungary (MNB), including the investment strategy of its Pallas Athene foundations, checking their compliance with the prohibition on monetary financing, ECB President Mario Draghi confirmed in a letter to an MEP dated August 29.

   Mon, Sept. 4, 2017, 15:27

  • draghi
  • ecb
  • european central bank
  • mnb
  • national bank of hungary
  • foundation
  • pallas athene
• Politics

  Hungary in talks with U.S. officials on higher education amendment

  

  In a letter sent to Betsy DeVos, the U.S. Secretary of Education, Minister of Human Capacities Zoltán Balog welcomed DeVosʼs acknowledgment of the amendment to Hungaryʼs higher education law and expressed hope for a resolution to concerns expressed, according to a report by state news wire MTI.

   Thu, June 22, 2017, 13:35

  • u.s.
  • talks
  • education
  • amendment
  • lex ceu
  • controversy
  • central european university
• Politics

  Talks on CEU with NY State being arranged

  

  A date for talks between the prime ministerʼs commissioner Kristóf Altusz and the governor of the State of New York on the future of the Central European University (CEU) in Budapest is being arranged, the Minister of Foreign Affairs and Tradeʼs press chief said late Tuesday, as reported by state news wire MTI.  

   Wed, May 31, 2017, 15:53

  • ceu
  • central european university
  • talks
  • cuomo
  • new york
• Business

  MOM Park says new operator to take over multiplex

  

  Although Andrea Buda, marketing director of movie theater operator Cinema City, reportedly told Hungarian news agency MTI that the company is still negotiating on the operation of the multiplex in the MOM Park shopping mall, a press statement sent to the Budapest Business Journal by MOM Park says the movie theater is set for a change of operator.

   Tue, Jan. 3, 2017, 12:21

  • mom park
  • cinema city
  • multiplex
  • talks
  • renovation
• Business

  Mercedes workers strike, firm open to talks

  

  A total of 60 workers held a two-hour strike today at the local plant of German car manufacturer Mercedes in Kecskemét, central Hungary, following another round of unsuccessful wage negotiations, Hungarian news agency MTI reported. The factory said in a statement it is committed to holding further talks.

   Thu, Nov. 24, 2016, 11:33

  • mercedes
  • strike
  • wage
  • salary
  • pay
  • talks
• Business

  Talks on selling Népszabadság stall

  

  Negotiations on finding a buyer for left-wing daily newspaper Népszabadság, which was unexpectedly closed down at the weekend, have come to a halt, according to reports. Owner Mediaworks said in an announcement that former editor-in-chief András Murányi called off the talks; however, Murányi told online news portal index.hu that he did not.

   Wed, Oct. 12, 2016, 09:00

  • nepszabadsag
  • media
  • freedom
  • talks
  • negotiations
  • purchase
  • acquisition
  • mediaworks
• Economy

  ECB urges reforms, stability-oriented economic policies for Hungary

  

  The European Central Bank (ECB) urged Hungary to make “wide-ranging structural reforms” and adopt “stability-oriented economic policies” in a report released yesterday, Hungarian news agency MTI reported.

   Wed, June 8, 2016, 08:37

  • ecb
  • european central bank
  • national bank of hungary
  • mnb
  • central bank
  • reform
  • finance
  • money
  • banking
• Economy

  MNB: ECB, EC to grant permission to MARK operation

  

  The European Central Bank (ECB) and the European Commission (EC) are expected to approve the operation of the Hungarian Reorganization and Receivables Management Company (MARK), National Bank of Hungary (MNB) vice president László Windisch said yesterday.

   Tue, Oct. 13, 2015, 12:47

  • mnb
  • national bank of hungary
  • ecb
  • ec
  • banking