International Training Center For Bankers
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International Training Center For Bankers
International Training Center for Bankers (ITCB), or Bankárképző is a Budapest-based banking academy and consultancy. ITCB was founded in 1988 by Centre de Formation de la Profession Bancaire', the French banking academy and the post-Socialist commercial banks in Hungary to promote the know-how transfer of economics, finance and commercial banking in the first years of Hungary’s successful economic transition to a market economy. After the restructuring and early privatization, ITCB has remained Hungary’s market-leader banking consulting, training and research company. As Hungary was a regional champion in liberalizing, privatizing and opening her banking and financial markets, ITCB's trainers and consultants have played important roles in the dissemination of this know-how in Central Europe, the Balkans and the former Soviet republics. International Training Centre for Bankers is part of the Certification & Accreditation System for Financial Services Sector Education and T ...
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Transition Economy
A transition economy or transitional economy is an economy which is changing from a planned economy, centrally planned economy to a market economy. Transition economies undergo a set of structural transformations intended to develop market-based institutions. These include economic liberalization, where prices are set by market forces rather than by a central planning organization. In addition to this trade barriers are removed, there is a push to privatize state-owned enterprises and resources, state and collectively run enterprises are Corporatization, restructured as businesses, and a financial sector is created to facilitate macroeconomic stabilization and the movement of private capital (economics), capital. The process has been applied in China, the former Soviet Union and Eastern bloc countries of Europe and some Third world countries, and detailed work has been undertaken on its economic and social effects. The transition process is usually characterized by the changing ...
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Market Economy
A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand, where all suppliers and consumers are unimpeded by price controls or restrictions on contract freedom. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production. Market economies range from minimally regulated free-market and ''laissez-faire'' systems where state activity is restricted to providing public goods and services and safeguarding private ownership, to interventionist forms where the government plays an active role in serving special interests and promoting social welfare. State intervention can happen at the production, distribution, trade and consumption areas in the economy. The distribution of basic need services and goods like health care may be ...
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Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationaliz ...
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Leonardo Da Vinci Programme
The Leonardo da Vinci programme is a European Commission funding programme focused on the teaching and training needs of those involved in vocational education and training (VET). The programme is part of the European Commission's Lifelong Learning Programme 2007–2013 and aims to build a skilled and mobile workforce across Europe. Aims The programme aims to enhance the competitiveness of the European labour market by helping European citizens to acquire new skills, knowledge and qualifications and have them recognised across borders. It also supports innovations and improvements in vocational education and training systems and practices. Funding The programme funds a wide range of actions, including transnational mobility and European projects focusing on the development or the transfer of innovation and networks. All of the projects funded by the Leonardo da Vinci programme involve working with European partners. The programme addresses trainees in initial vocational tra ...
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European Banking Federation
The European Banking Federation is a trade association representing national banking associations in countries of the European Union and the European Free Trade Association. It represents over 3500 banks and about 2.6 million employees. It was established in 1960. Members In November 2022 the members were: *Austria - The Austrian Bankers' Association *Belgium - Febelfin *Bulgaria - Association of Banks in Bulgaria *Croatia - Croatian Banking Association *Cyprus - Association of Cyprus Commercial Banks *Czech Republic - Czech Banking Association *Denmark - Finance Denmark - FD *Estonia - The Estonian Banking Association *Finland - The Federation of Finnish Financial Services *France - French Banking Federation *Germany - Bundesverband deutscher Banken *Greece - The Hellenic Bank Association *Hungary - The Hungarian Banking Association *Iceland - Icelandic Financial Services Association *Ireland - Irish Banking Federation *Italy - Italian Banking Association *Latvia - As ...
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European Banking And Financial Services Training Association
European, or Europeans, or Europeneans, may refer to: In general * ''European'', an adjective referring to something of, from, or related to Europe ** Ethnic groups in Europe ** Demographics of Europe ** European cuisine, the cuisines of Europe and other Western countries * ''European'', an adjective referring to something of, from, or related to the European Union ** Citizenship of the European Union ** Demographics of the European Union In publishing * ''The European'' (1953 magazine), a far-right cultural and political magazine published 1953–1959 * ''The European'' (newspaper), a British weekly newspaper published 1990–1998 * ''The European'' (2009 magazine), a German magazine first published in September 2009 *''The European Magazine'', a magazine published in London 1782–1826 *''The New European'', a British weekly pop-up newspaper first published in July 2016 Other uses * * Europeans (band), a British post-punk group, from Bristol See also * * * Europe (disam ...
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List Of Banks In Hungary
Central banks * Hungarian National Bank (''MNB'') Commercial banks Source: * Calyon Bank no longer available in Hungary * Credigen Bankbr> * Magyar Takarékszövetkezeti Bankbr> *WestLB Hungaria Bankbr> Market share of banks The market share of the banks in terms of assets at the end of 2015, (in brackets, balance sheet total of the year 2015): # OTP Bank: 7,966.48 billion Hungarian forint, HUF # UniCredit Bank: 2,971.12 billion Hungarian forint, HUF # K&H Bank: 2,607.22 billion Hungarian forint, HUF # Raiffeisen Bank: 1,991.40 billion Hungarian forint, HUF # MKB Bank: 1,974.41 billion Hungarian forint, HUF # Erste Bank: 1,883.08 billion Hungarian forint, HUF # CIB Bank: 1,730.13 billion Hungarian forint, HUF # ''Magyar Fejlesztési Bank (MFB)'': 1,321.55 billion Hungarian forint, HUF # Budapest Bank: 963.67 billion Hungarian forint, HUF # FHB Bank: 894.74 billion Hungarian forint, HUF Specialized credit institutions * FHB Jelzálogbankbr> * Fundamenta-L ...
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Education Companies Of Hungary
Education is a purposeful activity directed at achieving certain aims, such as transmitting knowledge or fostering skills and character traits. These aims may include the development of understanding, rationality, kindness, and honesty. Various researchers emphasize the role of critical thinking in order to distinguish education from indoctrination. Some theorists require that education results in an improvement of the student while others prefer a value-neutral definition of the term. In a slightly different sense, education may also refer, not to the process, but to the product of this process: the mental states and dispositions possessed by educated people. Education originated as the transmission of cultural heritage from one generation to the next. Today, educational goals increasingly encompass new ideas such as the liberation of learners, skills needed for modern society, empathy, and complex vocational skills. Types of education are commonly divided into formal, ...
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