695 result(s) for base rate
Municipal Court Sentences Man In Connection With Bunge Case
- 8 Jun 2016 9:00 AM
- current affairs
The Municipal Court sentenced a man for soliciting payment from a US company based in Hungary in return for using his influence to lower the VAT rate on cooking oil. In the non-binding ruling, the man was handed a two-year prison sentence suspended for three years. The charges were brought in December last year.
Hungary Among Less Drug-Afflicted European Countries
- 1 Jun 2016 9:00 AM
- health & wellness
Hungary is among the less drug afflicted countries in Europe, according to a fresh report by the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA). The 2016 report was based on expert analysis and anonymous accounts of drug users.
Air Pollution At Critical Levels In Hungary
- 12 May 2016 9:00 AM
- current affairs
Death rates from air pollution in Hungary are the second highest in the world, hvg.hu reports. The data is higher only in China. The statistics are based on the number of death from heart disease, stroke, lung cancer, or bronchitis that could be caused by air pollution, statistics of the OECD revealed. In China, 953.7 deaths out of 1 million can be attributed to air pollution. In Hungary, this ...
Magyar Telekom Q1 Profit Jumps On One-Offs, Improved Margin
- 5 May 2016 9:00 AM
- tech
Magyar Telekomʼs first-quarter net income more than quadrupled to HUF 10.7 billion from HUF 2.5 bln in the base period on an improved margin and one-off gains, an earnings report published late yesterday shows, according to Hungarian news agency MTI.
Hungarian CBank Cuts Base Rate 15 Bp
- 27 Apr 2016 9:00 AM
- business
Hungarian rate-setters cut the base rate by 15 basis points to 1.05% at a meeting on Tuesday, in line with market expectations. The National Bank of Hungary’s Monetary Council also narrowed its interest rate corridor, a band around the base rate that prevents extreme fluctuations of interbank rates, bringing the overnight collateralised loan rate to 1.30% while keeping the O/N central bank ...
Varga: Govt Aims For Lower VAT, But “Now Is Not The Time”
- 22 Apr 2016 9:00 AM
- business
Hungary’s government aims to reduce the 27% general value-added tax rate in the long term, though “now is not the time” for a cut, Economy Minister Mihály Varga said in an interview in the fresh issue of business weekly Figyelő. “It would be nice if the VAT rate could be reduced and the top rate brought to 25% or lower. This is in line with the cabinet’s long-term intentions, but now is not the ...
Hungary Fully Reimbursed IMF - European Commission Loan
- 7 Apr 2016 9:00 AM
- business
On 6 April 2016, the European Commission credited the last instalment, EUR 1.5bn, of the loan facility that the former Hungarian government had received from the IMF and the European Commission in 2008 and 2009, Minister for National Economy Mihály Varga announced. With this step, he added, the Government has reached its goal of creating economic policy independence also in terms of state ...
NBH Deputy Governor: Bank To Continue Easing Cycle
- 24 Mar 2016 8:00 AM
- business
Hungary’s central bank (NBH) will cut the base rate until it reaches a rate that is consistent with its inflation target, NBH deputy governor Márton Nagy told journalists. The bank wants to keep rate the key rate low for a sustained period, he said. The NBH’s inflation target is 3% in a +/-1 percentage-point tolerance band.
Report: Hungarian Prisons Most Overcrowded In Europe
- 10 Mar 2016 8:00 AM
- current affairs
Hungary has the most overcrowded prisons in Europe, according to penal statistics released on Tuesday by the Council of Europe. According to the report, based on Council of Europe statistics for the year 2014, overcrowding has been slowly declining in European prisons since 2011, although it remains a problem in one in four prison administrations across the continent.
Municipal Court Sentences Man In Connection With Bunge Case
- 8 Jun 2016 9:00 AM
- current affairs
The Municipal Court sentenced a man for soliciting payment from a US company based in Hungary in return for using his influence to lower the VAT rate on cooking oil. In the non-binding ruling, the man was handed a two-year prison sentence suspended for three years. The charges were brought in December last year.
Hungary Among Less Drug-Afflicted European Countries
- 1 Jun 2016 9:00 AM
- health & wellness
Hungary is among the less drug afflicted countries in Europe, according to a fresh report by the European Monitoring Centre for Drugs and Drug Addiction (EMCDDA). The 2016 report was based on expert analysis and anonymous accounts of drug users.
Air Pollution At Critical Levels In Hungary
- 12 May 2016 9:00 AM
- current affairs
Death rates from air pollution in Hungary are the second highest in the world, hvg.hu reports. The data is higher only in China. The statistics are based on the number of death from heart disease, stroke, lung cancer, or bronchitis that could be caused by air pollution, statistics of the OECD revealed. In China, 953.7 deaths out of 1 million can be attributed to air pollution. In Hungary, this ...
Magyar Telekom Q1 Profit Jumps On One-Offs, Improved Margin
- 5 May 2016 9:00 AM
- tech
Magyar Telekomʼs first-quarter net income more than quadrupled to HUF 10.7 billion from HUF 2.5 bln in the base period on an improved margin and one-off gains, an earnings report published late yesterday shows, according to Hungarian news agency MTI.
Hungarian CBank Cuts Base Rate 15 Bp
- 27 Apr 2016 9:00 AM
- business
Hungarian rate-setters cut the base rate by 15 basis points to 1.05% at a meeting on Tuesday, in line with market expectations. The National Bank of Hungary’s Monetary Council also narrowed its interest rate corridor, a band around the base rate that prevents extreme fluctuations of interbank rates, bringing the overnight collateralised loan rate to 1.30% while keeping the O/N central bank ...
Varga: Govt Aims For Lower VAT, But “Now Is Not The Time”
- 22 Apr 2016 9:00 AM
- business
Hungary’s government aims to reduce the 27% general value-added tax rate in the long term, though “now is not the time” for a cut, Economy Minister Mihály Varga said in an interview in the fresh issue of business weekly Figyelő. “It would be nice if the VAT rate could be reduced and the top rate brought to 25% or lower. This is in line with the cabinet’s long-term intentions, but now is not the ...
Hungary Fully Reimbursed IMF - European Commission Loan
- 7 Apr 2016 9:00 AM
- business
On 6 April 2016, the European Commission credited the last instalment, EUR 1.5bn, of the loan facility that the former Hungarian government had received from the IMF and the European Commission in 2008 and 2009, Minister for National Economy Mihály Varga announced. With this step, he added, the Government has reached its goal of creating economic policy independence also in terms of state ...
NBH Deputy Governor: Bank To Continue Easing Cycle
- 24 Mar 2016 8:00 AM
- business
Hungary’s central bank (NBH) will cut the base rate until it reaches a rate that is consistent with its inflation target, NBH deputy governor Márton Nagy told journalists. The bank wants to keep rate the key rate low for a sustained period, he said. The NBH’s inflation target is 3% in a +/-1 percentage-point tolerance band.
Report: Hungarian Prisons Most Overcrowded In Europe
- 10 Mar 2016 8:00 AM
- current affairs
Hungary has the most overcrowded prisons in Europe, according to penal statistics released on Tuesday by the Council of Europe. According to the report, based on Council of Europe statistics for the year 2014, overcrowding has been slowly declining in European prisons since 2011, although it remains a problem in one in four prison administrations across the continent.