Uncategorized
Budapest Bank taps FGS financing for almost HUF 100b of outlays
BUDAPEST: State-owned Budapest Bank has used cheap financing from the second phase of the National Bank of Hungaryʼs Funding for...
Budapest Airport passenger numbers up 11.8% in June 2015
BUDAPEST: Passenger numbers at Budapest’s Liszt Ferenc International Airport saw a year-on-year rise of 11.8% in June, reaching 966,297, and...
Hungary’s trade surplus reaches €505 mln in May: KSH
BUDAPEST: Trade surplus in Hungary came to €504.7 mln in May, with exports climbing 2.5% to €7.216 bln and imports...
Microsoft to cut 2,300 jobs in Finland
HELSINKI: Microsoft Finland's headquarters in Espoo on Wednesday. Microsoft on Wednesday announced to cut 7800 jobs In its latest move...
Swiss Protestors slam controversial trade talks in Geneva
BERN: Some 200 people demonstrated in Geneva on Wednesday against the Trade in Services Agreement (TISA). Since Monday a group...
Athens proposes tax amnesty on Swiss assets
BERN: According to Panagiotis Nikoloudis, the Greek minister in charge of fighting corruption, Greece is proposing a tax amnesty on...
Toyota’s Turkey unit exports fall 30% as Russia bites
ANKARA: The Turkish unit of Toyota Motor Corp saw first-half exports slump by 30 percent to 42,433 units after a...
Outstanding Greece State Debt Up 32% in 5 months, Exceeding €5 Billion
ATHENS: The outstanding Greek state debt went up 32% in the first five months of 2015, exceeding 5 billion euros,...
Turkey current account gap widens more than estimate in May
ANKARA: Turkey’s current-account deficit widened more than estimated from a year earlier in May as Turkey’s trade gap grew. The...
Finnish GDP falls by 0.4% in 2014
HELSINKI: The Gross Domestic Product (GDP) in Finland contracted by 0.4 per cent in 2014, according to Statistics Finland’s revised...
Royal Dutch Shell Plc needs US$80 per barrel oil price to restart oilsands projects
AMSTERDAM: Royal Dutch Shell Plc. may consider restarting mothballed oilsands projects, but not until oil prices return to US$80 per...
Finnish Tax revenue goes up by 1.5 % in 2014
HELSINKI: The accrual of taxes and compulsory social security contributions grew by 1.5 per cent in 2014, according to Statistics...
MOL Group buys Norway’s Ithaca Petroleum
ATHENS: Hungary’s MOL Group has made its first acquisition in Norway by buying Ithaca Petroleum Norge (IPN). MOL says the...
El Paso region ranked top metropolitan area for exports with record $20.1 billion
BRUSSELS: International Trade Administration report ranks metro area as one of top in the nation in goods exports in 2014....
Belgium government needs to save 1.76b euros to hit structural deficit target
BRUSSELS: The Belgian government will need to find an additional 1.76 billion euros ($1.96 billion) to cut its structural deficit...
Safeway plans to create 1,600 jobs in mid-Atlantic
BERLIN: Safeway's Eastern Division plans to fill 1,600 jobs in Maryland and three other jurisdictions as part of a hiring...
Irish SMEs charged highest interest in EU survey
DUBLIN: Irish small and medium sized enterprised (SMEs) are paying the highest interest for new loans of business in any...
Islamic banking sector records 48% growth in Q1 2015
KARACHI: The country’s Islamic banking sector has witnessed 48 per cent growth on year-on-year as its combined pre-tax profit has...
Bosan urges Nawaz to reject CDA’s proposal for bulldozing Narc HQs
ISLAMABAD: Federal Minister for National Food Security and Research Sikandar Hayat Khan Bosan has also raised his voice in support...
Govt to enhance power transmission capacity to 21,000MW till 2016 end
ISLAMABAD: State Minister for Water and Power Abid Sher Ai has claimed that the federal government has enhanced the national...
