2,399 result(s) for billion forint
Socialists Claim Govt Diverted Money From Allocation For Free School Meals
- 8 Jan 2016 3:00 AM
- current affairs
The opposition Socialists have accused the government of “dishonesty and theft”, claiming that almost 6 billion forints (EUR 19m) have been diverted from allocations made at the end of last year for free school and nursery meals and family allowances. A government decree published at the end of last year stated that 3.7 billion forints have been diverted from the allocation for school meals, ...
Hungary’s Intl Reserves Fall, But Remain Well Over Short-Term Debt In Q3 - NBH
- 6 Jan 2016 8:00 AM
- business
The National Bank of Hungary’s international reserves fell by 2.6 billion euros to 32.1 billion in the third quarter, but were still well over the country’s short-term external debt, a central bank quarterly report shows. As Hungary’s gross short-term debt stood at 21.7 billion euros at the end of Q3, the international reserves well exceed the 1:1 ratio prescribed under the Guidotti-Greenspan ...
HUF 1100 Billion To Be Spent On Hungarian Transport Development
- 6 Jan 2016 8:00 AM
- getting around
“2016 will see the beginning of 1100 billion forints (EUR 3.5bn) of investment in transport throughout Hungary, 670 billion (EUR 2.1bn) of which will already be spent in 2016”, László Tasó announced.
Hungary Top European Destination In 2015
- 5 Jan 2016 8:15 AM
- travel
Hungary has got top marks as a European tourist destination, with the largest increase in the number of tourists visiting in 2015, the Hungarian tourism promotion agency Magyar Turizmus said, citing a report by the World Tourism Organisation (UNWTO) from December last year.
More Than 50,000 Jobs Added In Hungary
- 5 Jan 2016 3:00 AM
- business
Commenting on the jobs data, ING Bank chief analyst András Balatoni said the more than 50,000 jobs added on the primary labour market showed the spill-over effect of economic growth. Takarékbank analyst Gergely Suppan said the latest gauges of business confidence suggest employment could rise further in future. Erste analyst Gergely Ürmössy said the unemployment rate is better than earlier ...
Assoc Chief: Hungarian Construction Sector To Pick Up Steam In Coming Years
- 4 Jan 2016 8:00 AM
- property
The construction sector is set to grow in the coming years and the number of new homes built per year could double by the end of the current government cycle, László Koji, head of the association of construction entrepreneurs ÉVOSZ, told daily Magyar Idők. Over the past few years, the government has implemented measures that have generated investments, even by foreign businesses, both in the ...
Mandatory Use Of Online Tills For Hairdressers, Cosmeticians In Hungary
- 3 Jan 2016 8:00 AM
- business
Hairdressers and cosmeticians will be exempt of the mandatory use of tills connected directly to the national tax office, but the industry can expect regular tax inspections as before, daily Magyar Idők said on Wednesday. The government made online tills mandatory for retail shops in 2014 to eliminate VAT fraud as part of its efforts to whiten the economy.
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Hungary Retail Sales Could Near HUF 10,000bn In 2015
- 31 Dec 2015 2:35 AM
- shopping
Retail sales in Hungary could come close to 10,000 billion forints this year, the chief secretary of the National Association of Commerce (OKSZ) told public television. Retail sales have risen by 5%-6% on an annual basis, data published so far show, and the pace is likely to have continued in the last months of the year, György Vámos told news channel M1.
Socialists Claim Govt Diverted Money From Allocation For Free School Meals
- 8 Jan 2016 3:00 AM
- current affairs
The opposition Socialists have accused the government of “dishonesty and theft”, claiming that almost 6 billion forints (EUR 19m) have been diverted from allocations made at the end of last year for free school and nursery meals and family allowances. A government decree published at the end of last year stated that 3.7 billion forints have been diverted from the allocation for school meals, ...
Hungary’s Intl Reserves Fall, But Remain Well Over Short-Term Debt In Q3 - NBH
- 6 Jan 2016 8:00 AM
- business
The National Bank of Hungary’s international reserves fell by 2.6 billion euros to 32.1 billion in the third quarter, but were still well over the country’s short-term external debt, a central bank quarterly report shows. As Hungary’s gross short-term debt stood at 21.7 billion euros at the end of Q3, the international reserves well exceed the 1:1 ratio prescribed under the Guidotti-Greenspan ...
HUF 1100 Billion To Be Spent On Hungarian Transport Development
- 6 Jan 2016 8:00 AM
- getting around
“2016 will see the beginning of 1100 billion forints (EUR 3.5bn) of investment in transport throughout Hungary, 670 billion (EUR 2.1bn) of which will already be spent in 2016”, László Tasó announced.
Hungary Top European Destination In 2015
- 5 Jan 2016 8:15 AM
- travel
Hungary has got top marks as a European tourist destination, with the largest increase in the number of tourists visiting in 2015, the Hungarian tourism promotion agency Magyar Turizmus said, citing a report by the World Tourism Organisation (UNWTO) from December last year.
More Than 50,000 Jobs Added In Hungary
- 5 Jan 2016 3:00 AM
- business
Commenting on the jobs data, ING Bank chief analyst András Balatoni said the more than 50,000 jobs added on the primary labour market showed the spill-over effect of economic growth. Takarékbank analyst Gergely Suppan said the latest gauges of business confidence suggest employment could rise further in future. Erste analyst Gergely Ürmössy said the unemployment rate is better than earlier ...
Assoc Chief: Hungarian Construction Sector To Pick Up Steam In Coming Years
- 4 Jan 2016 8:00 AM
- property
The construction sector is set to grow in the coming years and the number of new homes built per year could double by the end of the current government cycle, László Koji, head of the association of construction entrepreneurs ÉVOSZ, told daily Magyar Idők. Over the past few years, the government has implemented measures that have generated investments, even by foreign businesses, both in the ...
Mandatory Use Of Online Tills For Hairdressers, Cosmeticians In Hungary
- 3 Jan 2016 8:00 AM
- business
Hairdressers and cosmeticians will be exempt of the mandatory use of tills connected directly to the national tax office, but the industry can expect regular tax inspections as before, daily Magyar Idők said on Wednesday. The government made online tills mandatory for retail shops in 2014 to eliminate VAT fraud as part of its efforts to whiten the economy.
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Hungary Retail Sales Could Near HUF 10,000bn In 2015
- 31 Dec 2015 2:35 AM
- shopping
Retail sales in Hungary could come close to 10,000 billion forints this year, the chief secretary of the National Association of Commerce (OKSZ) told public television. Retail sales have risen by 5%-6% on an annual basis, data published so far show, and the pace is likely to have continued in the last months of the year, György Vámos told news channel M1.