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Gyorgy Matolcsy - 2 Matolcsy - 2 Mihaly Varga - 2 Krisztina - 2 Mark Heinrich Our - 2 Mihály Varga - 1 anunţat - 1 Varga - 1
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Search resuls for: "Mihály Varga"


6 mentions found


☆ Hungary central-bank chief sees chance for euro adoption only after 2030
  + stars: | 2023-06-02 | by ( ) www.reuters.com   time to read: +1 min
BUDAPEST, June 2 (Reuters) - Hungary should not consider adopting the euro before 2030 as joining the single currency zone before its economy is duly prepared would backfire, central bank governor Gyorgy Matolcsy said on Friday. Matolcsy said once Hungary reaches about 90% of the EU's average level in terms of economic development, then the adoption of the single currency could be put on the agenda. "It is dangerous to enter the club of the rich while the economy is unprepared for it," Matolcsy told state radio. "Perhaps around 2030 or a bit later we could reach ... 90% of the EU's average in terms of development, then it's worth entering (the euro zone) as the euro has many advantages," Matolcsy said. The National Bank of Hungary is currently fighting the EU's highest inflation rate, running at an annual 24% in April, while the economy is slowing sharply.
Persons: Gyorgy Matolcsy, Matolcsy, Mihaly Varga, Krisztina, Mark Heinrich Our Organizations: National Bank of, EU, Thomson Locations: BUDAPEST, Hungary, Hungarian, National Bank of Hungary, Austria, Croatia, Slovenia, Slovakia
☆ Hungary cbank chief sees chance for euro adoption only after 2030
  + stars: | 2023-06-02 | by ( ) www.reuters.com   time to read: +1 min
BUDAPEST, June 2 (Reuters) - Hungary should not consider adopting the euro before 2030 as joining the single currency zone before its economy is duly prepared would backfire, central bank governor Gyorgy Matolcsy said on Friday. Matolcsy said once Hungary reaches about 90% of the EU's average level in terms of economic development, then the adoption of the single currency could be put on the agenda. "It is dangerous to enter the club of the rich while the economy is unprepared for it," Matolcsy told state radio. "Perhaps around 2030 or a bit later we could reach ... 90% of the EU's average in terms of development, then it's worth entering (the euro zone) as the euro has many advantages," Matolcsy said. The National Bank of Hungary is currently fighting the EU's highest inflation rate, running at an annual 24% in April, while the economy is slowing sharply.
Persons: Gyorgy Matolcsy, Matolcsy, Mihaly Varga, Krisztina, Mark Heinrich Our Organizations: National Bank of, EU, Thomson Locations: BUDAPEST, Hungary, Hungarian, National Bank of Hungary, Austria, Croatia, Slovenia, Slovakia
☆ Hungary vetoes of EU aid for Ukraine, bloc delays decision on funds for Budapest
  + stars: | 2022-12-06 | by ( Jan Strupczewski Gabriela Baczynska | Jan Strupczewski | Gabriela Baczynska | ) www.reuters.com   time to read: +5 min
At an EU economics and finance ministers' meeting in Brussels, Hungarian minister Mihaly Varga confirmed his government's opposition to supporting Ukraine with the loan. Hungary has said it would not take part in joint EU borrowing for Ukraine, though Budapest has said it would provide bilateral assistance. But this is not how Hungary's decision to block the EU loan has been received by all. Locked in a tug-of-war with Hungary, the ministers decided to take off their agenda on Tuesday any decision about 7.5 billion euros in EU funds earmarked for Hungary, according to EU officials. International watchdogs say he has channelled EU funds to his inner circle over the years, entrenching himself in power.
☆ Analysis: Weak forint rains on Hungary's 'no more hikes' parade
  + stars: | 2022-10-12 | by ( Krisztina Than | ) www.reuters.com   time to read: +5 min
A board at a currency exchange office displays the Euro to Hungarian Forint exchange rate, in Budapest, Hungary, October 12, 2022. From October 1, the central bank raised banks' required reserve ratio, launched a new deposit tool and discount bond auctions. JP Morgan however, doubted it would help the forint much without further outright rate hikes. "Of course we are trying to contribute to a stable currency with disciplined fiscal policy," he added. "Our tools are limited, this is the world of monetary policy, it is there where the central bank needs to take appropriate measures if it wants to do so."
☆ Hungary submits new anti-graft bills to avoid loss of EU funds
  + stars: | 2022-09-23 | by ( Krisztina Than | ) www.reuters.com   time to read: +3 min
Hungary's Justice Minister Judit Varga speaks in a press conference during a General Affairs Council in Luxembourg, June 22, 2021. The EU's executive on Sunday recommended suspending funds worth 7.5 billion euros over what it sees as Hungary's failure to combat corruption and uphold the rule of law. Hungary's forint currency and Hungarian bonds have sold off in recent weeks over fears that Budapest would lose billions of euros in EU money. Hungary's case is the first in the EU under a new financial sanction meant to better protect the rule of law and combat corruption in the 27-nation bloc. Register now for FREE unlimited access to Reuters.com RegisterReporting by Krisztina Than; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.
☆ Țara care vrea să reducă la jumătate impozitele pentru câştigurile din criptomonede
  + stars: | 2021-05-12 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md   time to read: +2 min
Într-un mesaj video postat pe Facebook, Varga a dezvăluit că guvernul ungar se aşteaptă să strângă "mai multe miliarde de forinţi", adică câteva milioane de dolari, sub formă de venituri din taxe ca urmare a acestei reduceri. În plus, ministrul Finanţelor a apreciat că măsură va fi un "pas important" în creşterea vizibilităţii pieţei criptomonedelor din Ungaria. Guvernele din întreaga lume se străduiesc să reglementeze piaţa în creştere explozivă a activelor digitale, alimentată de ascensiunea meteorică a Bitcoin. O prioritate este asigurarea că tranzacţiile sunt vizibile pentru autorităţi, iar veniturile sunt taxate în mod adecvat. La nivel global, există peste 4.000 de criptomonede, însă monedele cu cea mai mare valoare de piaţă sunt Bitcoin, Ethereum, Tether, XRP şi Bitcoin Cash.
Persons: Mihály Varga, anunţat, Varga, Finanţelor, Cash Organizations: Facebook Locations: Budapesta, Ungaria, Canada, Ethereum, Tether
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