2,266 result(s) for billion forint
Hungarian Govt To Propose Stability Act Amendment
- 12 May 2015 9:00 AM
- business
The government will initiate an amendment to a rule on a nominal state debt threshold to better support economic growth. The Economy Ministry responded to a query by MTI after the Fiscal Council made a recommendation on the rule.
Ad Tax Changes Would Hurt Hungarian Consumer Goods Market
- 12 May 2015 9:00 AM
- business
Retailers could be seriously hurt by changes to the advertisement tax, especially in the consumer goods segment, the National Association of Retailers (OKSZ) reported. The consumer goods market is extremely price sensitive and both retailers and suppliers have a vested interest in curbing price rises, the OKSZ said in a statement.
Hungarian Socialists Say Fidesz Government Has Failed
- 11 May 2015 9:00 AM
- current affairs
Now that a year has passed since the general election in Hungary, it is clear that the government has failed, László Botka, head of the national board of the opposition Socialist Party (MSZP), said. Botka said Fidesz won a second supermajority in last year’s general election by rewriting the election system, but has since lost over 40% of its voters.
Govt Official: EU Membership Beneficial For Hungary
- 11 May 2015 9:00 AM
- current affairs
Hungary has benefited greatly from its 11 years of European Union membership, despite a number of debates during this period, said Nándor Csepreghy, the cabinet’s deputy state secretary. He said the relationship between the EU and Hungary has stood the test of time, and has even been consolidated by the crises. Speaking at a Europe Day event, the deputy state secretary noted that there have been ...
Hungary Preparing For Huf 100bn Castle Renovation Programme
- 8 May 2015 9:01 AM
- property
Almost 100 billion forints (EUR 332m) are being made available for the renovation of castles and palaces around the country, the head of the Forster Centre, which is coordinating the projects, said. Attila Sághi told public news channel M1 that the government had already approved the renovation programme and allocated funding for preparations.
Government To Wind Up Toxic Waste Dump Site In Budapest’s 9th District
- 8 May 2015 9:00 AM
- current affairs
Pest county prefect Richárd Tornai told InfoRadio on Monday that the government would remove some 17o tons of toxic waste illegally stored in unsafe conditions in Budapest’s 9th District by the end of May. The remaining 2500 tons of waste are to be removed in the weeks and months to follow. On April 9th Hungarian news site 444.hu broke the story that hundreds of barrels of toxic waste were being ...
VAT On Internet Subscriptions In Hungary May Be Cut To 18%
- 8 May 2015 4:00 AM
- tech
The VAT rate on internet subscriptions may be reduced from 27% to 18% from next January, daily Napi Gazdaság said. Further, one of the main pillars of the public utilities tax may be reduced from 2017. The reduction would be a quid pro quo for telecommunication companies helping to develop a superfast broadband network, to which the government may contribute 150 billion forints (EUR 492m), the ...
Reduction In Templeton Exposure “Good For Hungary”
- 7 May 2015 9:00 AM
- business
Franklin Templeton’s gradual offloading of Hungarian bonds is positive for Hungary since it lessens the exposure resulting from a concentration of debt held by a single investor, a debt management official said. The global investment firm, the biggest single investor in Hungarian forint government securities, has sold 20% of its 2,000 billion Hungary portfolio, AKK chief György Barcza told public ...
Positive Economic Outlook Key To Construction Sector Upswing In Hungary
- 6 May 2015 9:00 AM
- property
The major improvement in Hungary’s economic outlook has led to the emergence of the real estate market and construction sector from the doldrums, Economy Minister Mihály Varga told a conference. The construction sector can only add new real estate in places where there is confidence about the future of the economy, Varga told the conference organised by business daily Napi Gazdaság, adding that ...
Hungarian Govt To Propose Stability Act Amendment
- 12 May 2015 9:00 AM
- business
The government will initiate an amendment to a rule on a nominal state debt threshold to better support economic growth. The Economy Ministry responded to a query by MTI after the Fiscal Council made a recommendation on the rule.
Ad Tax Changes Would Hurt Hungarian Consumer Goods Market
- 12 May 2015 9:00 AM
- business
Retailers could be seriously hurt by changes to the advertisement tax, especially in the consumer goods segment, the National Association of Retailers (OKSZ) reported. The consumer goods market is extremely price sensitive and both retailers and suppliers have a vested interest in curbing price rises, the OKSZ said in a statement.
Hungarian Socialists Say Fidesz Government Has Failed
- 11 May 2015 9:00 AM
- current affairs
Now that a year has passed since the general election in Hungary, it is clear that the government has failed, László Botka, head of the national board of the opposition Socialist Party (MSZP), said. Botka said Fidesz won a second supermajority in last year’s general election by rewriting the election system, but has since lost over 40% of its voters.
Govt Official: EU Membership Beneficial For Hungary
- 11 May 2015 9:00 AM
- current affairs
Hungary has benefited greatly from its 11 years of European Union membership, despite a number of debates during this period, said Nándor Csepreghy, the cabinet’s deputy state secretary. He said the relationship between the EU and Hungary has stood the test of time, and has even been consolidated by the crises. Speaking at a Europe Day event, the deputy state secretary noted that there have been ...
Hungary Preparing For Huf 100bn Castle Renovation Programme
- 8 May 2015 9:01 AM
- property
Almost 100 billion forints (EUR 332m) are being made available for the renovation of castles and palaces around the country, the head of the Forster Centre, which is coordinating the projects, said. Attila Sághi told public news channel M1 that the government had already approved the renovation programme and allocated funding for preparations.
Government To Wind Up Toxic Waste Dump Site In Budapest’s 9th District
- 8 May 2015 9:00 AM
- current affairs
Pest county prefect Richárd Tornai told InfoRadio on Monday that the government would remove some 17o tons of toxic waste illegally stored in unsafe conditions in Budapest’s 9th District by the end of May. The remaining 2500 tons of waste are to be removed in the weeks and months to follow. On April 9th Hungarian news site 444.hu broke the story that hundreds of barrels of toxic waste were being ...
VAT On Internet Subscriptions In Hungary May Be Cut To 18%
- 8 May 2015 4:00 AM
- tech
The VAT rate on internet subscriptions may be reduced from 27% to 18% from next January, daily Napi Gazdaság said. Further, one of the main pillars of the public utilities tax may be reduced from 2017. The reduction would be a quid pro quo for telecommunication companies helping to develop a superfast broadband network, to which the government may contribute 150 billion forints (EUR 492m), the ...
Reduction In Templeton Exposure “Good For Hungary”
- 7 May 2015 9:00 AM
- business
Franklin Templeton’s gradual offloading of Hungarian bonds is positive for Hungary since it lessens the exposure resulting from a concentration of debt held by a single investor, a debt management official said. The global investment firm, the biggest single investor in Hungarian forint government securities, has sold 20% of its 2,000 billion Hungary portfolio, AKK chief György Barcza told public ...
Positive Economic Outlook Key To Construction Sector Upswing In Hungary
- 6 May 2015 9:00 AM
- property
The major improvement in Hungary’s economic outlook has led to the emergence of the real estate market and construction sector from the doldrums, Economy Minister Mihály Varga told a conference. The construction sector can only add new real estate in places where there is confidence about the future of the economy, Varga told the conference organised by business daily Napi Gazdaság, adding that ...