DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Viktor Orban - 2 Marton Nagy - 2 Alishia - 1 Francis Malige - 1 Malige - 1 Orban - 1 Gergely Szakacs - 1 Louise Heavens - 1
Top related locs:
Hungary BUDAPEST Canary Wharf London Britain Erste Austrian Hungarian
Top related orgs:
Economic - 2 Thomson - 2 European Bank for Reconstruction - 1 REUTERS - 1 Erste Group - 1 Budapest Airport - 1 Austrian - 1 Erste - 1

Search resuls for: "Marton Nagy"


5 mentions found


☆ EBRD sells 15% stake in Erste Group Bank's Hungarian unit -director
  + stars: | 2023-11-15 | by ( Gergely Szakacs | Thomson Reuters | Gergely Reports On Central European Economics | ) www.reuters.com   time to read: +2 min
People walk past the new headquarters of the European Bank for Reconstruction and Development (EBRD) in Canary Wharf, London, Britain, September 14, 2023. REUTERS/Alishia Abodunde/File photo Acquire Licensing RightsSummaryCompanies Move follows Hungary govt exit from Erste unitGovt raising financing for airport transactionExit 'good news' for sector's stability -EBRDBUDAPEST, Nov 15 (Reuters) - The European Bank for Reconstruction and Development is selling its 15% stake in Erste Group Bank's (ERST.VI) Hungarian unit back to the Austrian group after the Hungarian government's recent exit from the bank, a top EBRD official told Reuters. Austrian lender Erste said on Friday it was repurchasing a 15% stake in its Hungarian subsidiary, currently held by Hungarian state-owned Corvinus International Investments. Francis Malige, EBRD managing director of financial institutions, said the investment had been designed to help the Hungarian bank recapitalise while supporting a positive relationship with the authorities. "We received a call notice from Erste last Friday and are proceeding with the sale of our stake to the group, based on terms agreed during our 2016 investment."
Persons: Alishia, Viktor Orban, Marton Nagy, Francis Malige, Malige, Orban, Gergely Szakacs, Louise Heavens Organizations: European Bank for Reconstruction, REUTERS, Erste Group, Reuters, Economic, Budapest Airport, Austrian, Erste, International Investments, Erste Bank, Thomson Locations: Canary Wharf, London, Britain, Hungary, Erste, BUDAPEST, Austrian, Hungarian, Erste Bank Hungary
☆ Hungary plans to sell 'non-strategic assets' to buy Budapest Airport
  + stars: | 2023-10-02 | by ( ) www.reuters.com   time to read: +1 min
BUDAPEST, Oct 2 (Reuters) - Hungary plans to sell non-strategic assets to partially finance its acquisition of Budapest airport, Economic Development Minister Marton Nagy told reporters on the sidelines of a business conference on Monday. He did not say which assets the government might sell. Since Prime Minister Viktor Orban took power in 2010, his government has boosted Hungarian ownership in the energy, banking, telecoms and media sectors. The government submitted a new formal bid for a majority stake in Budapest Airport last month, with talks underway with several airport operators, one of them in Qatar, to join as a minority partner. Reporting by Gergely Szakacs Writing by Boldizsar Gyori; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
Persons: Marton Nagy, Viktor Orban, Gergely, Boldizsar Gyori, Kirsten Donovan Organizations: Economic, Thomson Locations: BUDAPEST, Hungary, Budapest, Qatar
☆ Hungary cbank could start "cautious" rate cuts once CPI slows - minister
  + stars: | 2023-01-29 | by ( ) www.reuters.com   time to read: +2 min
Marton Nagy, a former central bank deputy governor, told state radio that the "very high" interest rates made the government's job difficult and harmed the economy. Prime Minister Viktor Orban's government is trying to avoid economic recession at a time when inflation is still running well above 20%. The central bank declined to comment in an emailed response to Reuters on similar remarks made by Nagy in a weekly newspaper on Thursday. On Tuesday, the central bank left its base rate at 13% and said it would keep its one-day deposit rate at 18% until it sees "a trend improvement" in risk assessment. He also said Hungary's economic fundamentals were improving, and energy prices have dropped.
☆ Hungary govt caps interest rates on large commercial bank deposits
  + stars: | 2022-11-21 | by ( ) www.reuters.com   time to read: +2 min
Marton Nagy, a former central bank deputy governor, told state news agency MTI that the step was aimed at investors who took advantage of high central bank rates by investing their money in central bank deposits through commercial banks. These investors made use of high central bank rate and "they realized a risk-free interest rate of up to 18% that was, in the end, paid by the state," Nagy said. The central bank did not immediately respond to questions from Reuters on the new regulation. There will be a segment of the economy where high interest rates will not apply as some market participants will not be able to access them," Peter Virovacz, senior economist at ING said. The government has already introduced regulation on interest rates on certain loans.
☆ Hungary extends loan rate cap scheme to small businesses as recession looms
  + stars: | 2022-10-22 | by ( Krisztina Than | ) www.reuters.com   time to read: +2 min
BUDAPEST, Oct 22 (Reuters) - Hungary will expand its existing cap on mortgage rates from mid-November to include variable-rate loans to small- and medium-sized businesses in a bid to avoid recession, Minister for Economic Development Marton Nagy said on Saturday. It has already capped the prices of fuel and basic foodstuffs and mortgage rates. The cap is effective until July 1, 2023, similar to the existing cap on household mortgage rates, Nagy said. "We would like to avoid the economy going into recession next year and we have every chance to have 1% growth," Nagy told a briefing. "With this loan cap we want to prevent yet another shock to the corporate sector stemming from a surge in their repayments."
0 next >>
Total: 5