News tagged "budapest"

S&P downgrades maverick Hungary on weak growth

on Nov 23, 2012 via YahooNews

BUDAPEST (Reuters) - Standard & Poor's on Friday cut Hungary's long-term credit rating, already in junk territory, by one notch to BB, saying its government's unpredictable policies could hurt medium-term growth. The move came almost a year after S&P slashed Hungary to below investment grade on similar grounds and could hit the forint currency and Hungarian bonds when markets reopen on Monday ...

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Ryanair to cut Budapest routes in airport fees row

on Nov 23, 2012 via YahooNews

BUDAPEST (Reuters) - Ryanair will cut the number of routes it operates from Budapest by a third next year, the budget airline said on Thursday, as it seeks to wrestle favourable conditions from the airport operator. The move, which the airline said could still be reversed, comes months after Ryanair set up a base at Budapest following the collapse of Hungary's national airline Malev. Chief ...

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Banks in Hungary eye post-austerity growth plan

on Nov 23, 2012 via YahooNews

BUDAPEST (Reuters) - Hungary's banks, smarting from an extension of Europe's highest bank tax, are counting on looser policy once the economy picks up, the interim chairman of the Hungarian Banking Association ...

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Ryanair to cut Budapest routes in airport fees row

on Nov 22, 2012 via YahooNews

BUDAPEST (Reuters) - Budget airline Ryanair is to cut the number of routes it operates from Budapest by a third from next year, it said on Thursday, in reaction to an increase in airport charges. The move comes just months after Ryanair set up a base at Budapest following the collapse of Hungary's national airline Malev. Chief Executive Michael O'Leary, who has said financial problems among flag ...

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Banks in Hungary eye post-austerity growth plan

on Nov 22, 2012 via YahooNews

BUDAPEST (Reuters) - Hungary's banks, smarting from an extension of Europe's highest bank tax, are counting on looser policy once the economy picks up, the interim chairman of the Hungarian Banking Association said. The country's banks are looking for ways to work with the government, said Daniel Gyuris whose predecessor Mihaly Patai resigned as chairman last week in protest at new taxes on the ...

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Hungary flags ?major difficulty? at EU budget summit (News)

on Nov 22, 2012 via YahooNews

Hungary appears to be a special case as EU leaders gather today (22 November) for a special summit on the Union?s 2014-2020 budget. Under the budget proposal by Council President Herman Van Rompuy, the country may lose about 30% of its cohesion allocations - ?a huge political problem? for Budapest. More ?

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Hungary upholds bank tax, raises taxes on financial transactions

on Nov 20, 2012 via YahooNews

Budapest (dpa) - The Hungarian Parliament voted Monday night to impose further financial restrictions on banks and large companies, upholding the already existing bank tax and doubling the tax on financial transactions.As part of the 2013 financial plan, approved by the Parliament in a 230 to 65 vote, energy companies will also have to pay a 31-per-cent tax on their revenues.The proposal ...

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Human chain protests Hungary's new election law

on Nov 20, 2012 via YahooNews

BUDAPEST (AFP) - Over a thousand people formed a human chain around the Hungarian parliament building on Monday in protest at a government shake-up of the country's electoral system.

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Hungary court gives Croatia deputy PM prison sentence

on Nov 17, 2012 via YahooNews

BUDAPEST (Reuters) - Croatia's deputy prime minister, Radimir Cacic, has been given a 22-month prison sentence by a Hungarian court for causing a fatal car crash in Hungary in 2010, a court spokesman and Cacic's lawyer told Reuters on Wednesday.

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Hungary scuppers chances of IMF deal with bank tax plan

on Nov 17, 2012 via YahooNews

BUDAPEST (Reuters) - Hungary's prospects of reaching an aid deal with the IMF and EU after a year of on-off talks all but vanished on Friday, when Budapest opted to plug a hole in its budget with just the kind of measures its prospective lenders oppose. Almost a year to the day since its shock request for an International Monetary Fund and European Union financial safety net to shore up its ...

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New power struggle begins in battle-scarred Budapest

on Nov 17, 2012 via YahooNews

Budapest Letter:The calm surface of Hungarian society hides a deep unease that lies beneath

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Hungary scuppers chances of IMF deal with bank tax plan

on Nov 17, 2012 via YahooNews

BUDAPEST (Reuters) - Hungary's prospects of reaching an aid deal with the IMF and EU after a year of on-off talks all but vanished on Friday, when Budapest opted to plug a hole in its budget with just ...

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UPDATE 2-Croatia's deputy PM quits after jail sentence

on Nov 14, 2012 via YahooNews

* Cacic sentenced to jail over fatal car crash in Hungary * Deputy PM's replacement possible this week BUDAPEST/ZAGREB, Nov 14 (Reuters) - Croatian Deputy PrimeMinister Radimir Cacic resigned on Wednesday after a Hungariancourt sentenced him to 22-months in prison for causing a fatalcar crash in Hungary in 2010. Cacic was also economy minister and Prime Minister ZoranMilanovic's closest ally in ...

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Croatia's deputy PM sentenced to prison for car crash

on Nov 14, 2012 via YahooNews

BUDAPEST (Reuters) - Croatian Deputy Prime Minister Radimir Cacic was sentenced to 22-months in prison by a Hungarian court on Wednesday for causing a fatal car crash in Hungary in 2010, a court spokesman and his lawyer said. Cacic, who is also economy minister and Prime Minister Zoran Milanovic's closest ally in the centre-left cabinet, said earlier he would step down if sent to prison. Attila ...

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Hungary court gives Croatia deputy PM prison sentence

on Nov 14, 2012 via YahooNews

BUDAPEST (Reuters) - Croatia's deputy prime minister, Radimir Cacic, has been given a 22-month prison sentence by a Hungarian court for causing a fatal car crash in Hungary in 2010, a court spokesman and Cacic's lawyer told Reuters on Wednesday. In a previous ruling in June, Cacic was given a suspended 22-month prison sentence but this has now been changed and Cacic will need to start his ...

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Serbia, Hungary close to historic deal, president says

on Nov 14, 2012 via YahooNews

BUDAPEST -- Serbian President Tomislav Nikoli? said on Tuesday evening that his visit to Hungary managed to achieve ?something close to a historic agreement?.

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President confers with Hungarian counterpart

on Nov 13, 2012 via YahooNews

BUDAPEST -- Serbian President Tomislav Nikoli? met with Hungarian President Janos Ader in Budapest on Tuesday, as part of his official two-day visit to Hungary.

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Hungary Ex-PM takes on challenge to unseat Orban

on Nov 13, 2012 via YahooNews

BUDAPEST (Reuters) - Former prime minister Gordon Bajnai faces one of the toughest political battles in post-communist Hungary as he forges a coalition to beat Prime Minister Viktor Orban in 2014 elections. Bajnai has set out to build a broad opposition alliance and draft a new programme to help him oust Orban's ruling centre-right Fidesz party, which has become the strongest political force in ...

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INTERVIEW-Hungary Ex-PM takes on challenge to unseat Orban

on Nov 13, 2012 via YahooNews

* Eyes broad alliance to unseat PM Orban, support growing * Warns of Hungary "drifting away" from Europe * Pledges to restore checks and balances, EU, U.S. ties * Wants IMF/EU stamp of approval while economy is fixed BUDAPEST, Nov 13 (Reuters) - Former prime minister GordonBajnai faces one of the toughest political battles inpost-communist Hungary as he forges a coalition to beat PrimeMinister ...

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Hungary Ex-PM takes on challenge to unseat Orban

on Nov 13, 2012 via YahooNews

BUDAPEST (Reuters) - Former prime minister Gordon Bajnai faces one of the toughest political battles in post-communist Hungary as he forges a coalition to beat Prime Minister Viktor Orban in 2014 elections. Bajnai has set out to build a broad opposition alliance and draft a new programme to help him oust Orban's ruling centre-right Fidesz party, which has become the strongest political force in ...

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Sources : YahooNews