Banks must pay the 7 percent charge in forints
by December 20 this year.
The officials say that the tax will be less than existing fees in the rest of Europe and estimate that it will add some 12 forints
The Hungarian forint
appreciated by 16% when calculating the average Hungarian forint
Swietelsky Vasttechnika has won a contract worth Forints
Due to the steep fall in crude prices it had to book a total of 102 billion forints
in replacement and impairment costs on inventories, which weighed on its operating results.
Orban has introduced an option for families to repay loans at exchange rates below market levels, but that has roiled markets and inflicted billions of forints
of losses on the bank sector, undermining growth and lending.
traded around 231 against the franc on Friday, having weakened significantly from rates of 150-160 seen when most of the loans were extended.
60-$13 for the institutional tranche, while the retail tranche, which is controlled by different rules under Hungarian law, carries only a maximum price of 3,250 forints
For the benefit of its global financial investors, HTCC has provided certain tables of financial information in Hungarian forints
and euros, the currencies in which HTCC primarily generates its revenues and pays its expenses.
In Hungary, the furniture manufacturing sectors generated 180 billion forints
(EUR 580 million) in production value last year, a year-on-year increase of 6 percent; the sector provides jobs for 15 thousand people and an average of 63 percent of the goods it manufactures go to export, he explained.
3 billion forints
was, however, a marked improvement over the 9.
Fidesz parliamentary faction leader Janos Lazar says debtors would be able to cancel their debts in Swiss francs at an exchange rate of 180 forints
per franc, while debts in euros could be canceled at 250 forints