CIG Pannonia
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CIG Pannonia
CIG Pannonia Life Insurance Plc. is a Hungarian multinational financial services company headquartered in Budapest. Its core business and focus is life and non-life insurance. At present, CIG Pannonia is engaged in the life insurance business in Hungary, Romania and Slovakia. History Foundation On 26 October 2007, the company was founded by well-known and acknowledged public figures and insurance experts from Hungary; its original name was CIG Central European Insurance Company. CIG was supported by the U.S. Inverstment bank Lehman Brothers. It also had a successful partnership with Brokernet, one of Hungary's largest financial agencies. In 2008, the company became market leader in niche markets like regular-premium, unit-linked life insurance products and closed the year with a turnover of US$13 million. In 2009, CIG held a 3% market share in domestic life insurance and generated over US$40 million in sales. On 1 January 2010, the company changed its name to CIG Pannonia Lif ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Poland
Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populous member state of the European Union. Warsaw is the nation's capital and largest metropolis. Other major cities include Kraków, Wrocław, Łódź, Poznań, Gdańsk, and Szczecin. Poland has a temperate transitional climate and its territory traverses the Central European Plain, extending from Baltic Sea in the north to Sudeten and Carpathian Mountains in the south. The longest Polish river is the Vistula, and Poland's highest point is Mount Rysy, situated in the Tatra mountain range of the Carpathians. The country is bordered by Lithuania and Russia to the northeast, Belarus and Ukraine to the east, Slovakia and the Czech Republic to the south, and Germany to the west. It also shares maritime boundaries with Denmark and Sweden. ...
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Companies Listed On The Budapest Stock Exchange
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Financial Services Companies Established In 2007
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ...
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Companies Based In Budapest
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Lőrinc Mészáros
Lőrincz Mészáros (born 24 February 1966) is a Hungarian businessman, and former politician, who served as Mayor of the hungarian village Felcsút between 2011 and 2018 . With an estimated wealth of 407.7 billion forint ($1.3 billion) as of 2019, he is, according to ''Forbes'', the richest person in Hungary. Several media outlets refer to him as " oligarch". His personality generates regular social discourse, because from a gas-fitter close to bankruptcy, Mészáros became the richest man of Hungary in a matter of years – what several analysts explain with him having close ties to high-ranking members of the Fidesz party. After the 2010 change of government his wealth annually doubled, and he became the mayor of the village, where his childhood friend current Prime Minister Viktor Orbán, who has since 2010 won several elections, grew up. This has led to several media outlets calling him Viktor Orbán's strawperson on a regular basis. The significance of this relatio ...
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Béla Horváth
Béla Horváth de Szentgyörgy (29 January 1886 – 3 October 1978) was a Hungarian public servant and politician, who served as Secretary of State for the Interior in the cabinet of Prime Minister Géza Lakatos for a brief time between September and October 1944. Biography Béla Horváth was born into a Roman Catholic noble family on 29 January 1886 in Apatelek, Arad County in Austria-Hungary (now Mocrea, Romania), as the son of Gyula Horváth (1852–1924), who served as Prefect of Zimbró, Apatelek, Borosjenő and finally Sikló. Béla Horváth graduated in 1903 from the Reformed Church College in Szászváros (now Orăștie, Romania), where he was a classmate and friend of Petru Groza. He went to Budapest and graduated in 1907 from the "School of Law and Political Science" at the University of Budapest (present-day Eötvös Loránd University). Following this, he began doctoral studies in political science at the Franz Joseph University in Kolozsvár (now Cluj-Napoca ...
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Zsigmond Járai
Zsigmond Járai (born 29 December 1951) is a Hungarian politician, who served as Minister of Finance between 1998 and 2000. He was the President of the Budapest Stock Exchange between 1996 and 1998. After his ministership he was appointed President of the Hungarian National Bank. Járai was succeeded by András Simor in 2007. Honours * Honorary Knight Grand Cross of the Most Excellent Order of the British Empire The Most Excellent Order of the British Empire is a British order of chivalry, rewarding contributions to the arts and sciences, work with charitable and welfare organisations, and public service outside the civil service. It was established ... References Életrajz a vokscentrum.hu portálonJárai: a miniszterelnök behúzott a csőbe – interjú az Inforádiónak
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Pension Insurance Contract
Pension insurance contract is an insurance contract that specifies pension plan contributions to an insurance undertaking in exchange for which the pension plan benefits will be paid when the members reach a specified retirement age or on earlier exit of members from the plan. See also *Pension fund Insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ... Types of insurance {{insurance-stub ...
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Italy
Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical region. Italy is also considered part of Western Europe, and shares land borders with France, Switzerland, Austria, Slovenia and the enclaved microstates of Vatican City and San Marino. It has a territorial exclave in Switzerland, Campione. Italy covers an area of , with a population of over 60 million. It is the third-most populous member state of the European Union, the sixth-most populous country in Europe, and the tenth-largest country in the continent by land area. Italy's capital and largest city is Rome. Italy was the native place of many civilizations such as the Italic peoples and the Etruscans, while due to its central geographic location in Southern Europe and the Mediterranean, the country has also historically been home ...
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Baltic States
The Baltic states, et, Balti riigid or the Baltic countries is a geopolitical term, which currently is used to group three countries: Estonia, Latvia, and Lithuania. All three countries are members of NATO, the European Union, the Eurozone, and the OECD. The three sovereign states on the eastern coast of the Baltic Sea are sometimes referred to as the "Baltic nations", less often and in historical circumstances also as the "Baltic republics", the "Baltic lands", or simply the Baltics. All three Baltic countries are classified as high-income economies by the World Bank and maintain a very high Human Development Index. The three governments engage in intergovernmental and parliamentary cooperation. There is also frequent cooperation in foreign and security policy, defence, energy, and transportation. The term "Baltic states" ("countries", "nations", or similar) cannot be used unambiguously in the context of cultural areas, national identity, or language. While the majority ...
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Budapest Stock Exchange
Budapest Stock Exchange (BSE) ( hu, Budapesti Értéktőzsde (BÉT)) is the Stock exchange, 2nd largest stock exchange in Central and Eastern Europe by market capitalization and Market liquidity, liquidity. It is located at 55 Krisztina Boulevard, Budapest, Hungary, in the Buda Centre of the Hungarian National Bank Previously, from 1864, during the Austria-Hungary, Austro-Hungarian Empire it was located in the Budapest Stock Exchange Palace building, until a large trading floor was necessary. The exchange is controlled by listed issuers, by Hungarian private investors and by the Hungarian National Bank, central bank. The BSE is member of the World Federation of Exchanges and the Federation of European Securities Exchanges. Since its reinstatement in 1990, the Budapest Stock Exchange accounts for all the turnover in the Hungarian market and a large share of the Central and Eastern European market. In 2007, BSE agreed to move to abolish floor trading, the trading today takes place ...
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