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 (U.
Swietelsky Vasttechnika has won a contract worth
Forints 62.
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.
The
forint 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 ($13.
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.
