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The extra local tax that is planned to be levied by the city of Budapest on companies with more than Ft 5 billion in annual revenues may result in an exodus, says Elek Nagy the head of Budapest Chamber of Commerce.
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Hungarian manufacturer of wellness equipment Wellis is to open a new production centre in Ózd in order to expand its production capacity for hydro massage pools.
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Budapest is mulling the introduction of a 0.5% “recovery” tax on larger businesses until Budapest emerges from the economic crisis caused by the coronavirus epidemic.
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Hungary aims to be in the top third of major European innovators by 2030 through government R and D support schemes, László Palkovics, the minister of innovation and technology, said in Zalaegerszeg, in south-western Hungary.
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Foreign Minister Péter Szijjártó has inaugurated pharmaceutical company Gedeon Richter’s 3,500sqm office complex in Debrecen, eastern Hungary.
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The Hungarian government will carry on with its economic protection measures aimed at offsetting the effects of the novel coronavirus pandemic throughout the autumn, the finance minister told an online conference.
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