2,399 result(s) for billion forint
2015 Year Of Cultural Developments In Budapest
- 30 Dec 2015 8:00 AM
- community & culture
The government launched a number of cultural development projects over the course of the past year, culture state secretary Péter Hoppál told MTI in an interview. Hoppál noted that the government has allocated 14.5 billion forints (EUR 46.3m) to refurbish the Eiffel Hall, the old railway building in Budapest’s 10th district to serve as a base and storage facility for the soon to be renovated ...
Jobbik Demands Release Of Loan Contracts For Hungary’s TV2 Purchase
- 29 Dec 2015 8:00 AM
- business
The radical nationalist Jobbik party has demanded the public release of loan contracts state banks signed with government commissioner Andrew G Vajna’s company in connection with his bid to buy the TV2 media group.Lawmaker Előd Novák noted that press reports have said that apart from Eximbank’s 6.7 billion forint (EUR 21.3m) loan transferred to Vajna’s company, stateowned MKB had also lent ...
Mayor: Budapest No Longer To Finance Agglomeration Transport
- 23 Dec 2015 8:00 AM
- getting around
The municipality of Budapest will no longer finance the public transportation of the city’s agglomeration, Mayor István Tarlós said. The suburbs of the city will have to talk to the state about this issue, he said. Tarlós said as mayor he could not consent to law amendments passed last week which would put a dent of 20.7 billion forints (EUR 65.88m) into Budapest’s budget.
Budapest Prosecutor Presses Charges In Connection With US Entry Ban
- 21 Dec 2015 8:00 AM
- current affairs
Budapest’s chief prosecutor has raised charges against a suspect believed to have solicited a bribe from US cooking oil producer Bunge in return for influencing Hungarian VAT legislation. Tibor Ibolya said that the suspect known as V.T. had claimed to know Peter Heim, head of Századvég, a think-tank close to the government.
Hungary Not At Risk, Says EBRD
- 21 Dec 2015 8:00 AM
- business
The European Bank for Reconstruction and Development has said that there is no risk in connection with Hungary as far as the bank is concerned, the daily Magyar Hírlap said. The bank has so far invested 2.7 billion euros in 170 projects in the country, Antal Nikoletti, member of the board representing Hungary at the London-based credit institution, noted. EBRD investments in Hungary are expected ...
Cosmetics, House Hold Chemical Sales Climb 7% In Hungary
- 17 Dec 2015 8:00 AM
- shopping
Retail sales of household chemicals and cosmetics in Hungary reached 290 billion forints (EUR 919m) in January-October, up 7% from the same period a year earlier, market researcher Nielsen said. Sales of shower gel were up 12%, tissue sales rose 11% and fabric softener sales increased 10%. Stores bigger than 2,500sqm generated 32% of total turnover during the period.
LMP Files Criminal Report About Alleged Eximbank Loan For Hungarian TV2 Purchase
- 17 Dec 2015 8:00 AM
- current affairs
The green opposition LMP will file a criminal report for abuse of power and mismanagement in connection with Eximbank lending 6.72 billion forints (EUR 21.3m) to government commissioner Andrew G Vajna’s company to buy media group TV2, according to press reports. LMP co-leader András Schiffer said that the bank should not “stuff the pockets of a government-friendly offshore knight with loans”.
Govt To Finance Electric Buses For Budapest
- 16 Dec 2015 8:00 AM
- getting around
The economy minister signed a financing agreement with Budapest’s public transport company BKV, under which 20 Hungarian-made electric midibuses and the necessary charger technology will be purchased. Addressing the ceremony, Mihály Varga hailed the beginning of a “new era” in the city’s transport, benefiting “the people of Budapest, Hungarian industry and busmaking”.
Hungarian Lawmakers Pass Law On VAT Cut For New Home Building
- 16 Dec 2015 8:00 AM
- property
Lawmakers approved a bill to reduce value added tax (VAT) on new-build homes from 27% to 5% between 2016 and 2019. Submitted by Economy Minister Mihály Varga and cabinet chief Antal Rogán, the law states that a 5% VAT rate applies to homes built between 2016 and 2019, mainly applying to blocks of flats built in housing parks with an area of less than 150 square meters each or to standalone homes ...
2015 Year Of Cultural Developments In Budapest
- 30 Dec 2015 8:00 AM
- community & culture
The government launched a number of cultural development projects over the course of the past year, culture state secretary Péter Hoppál told MTI in an interview. Hoppál noted that the government has allocated 14.5 billion forints (EUR 46.3m) to refurbish the Eiffel Hall, the old railway building in Budapest’s 10th district to serve as a base and storage facility for the soon to be renovated ...
Jobbik Demands Release Of Loan Contracts For Hungary’s TV2 Purchase
- 29 Dec 2015 8:00 AM
- business
The radical nationalist Jobbik party has demanded the public release of loan contracts state banks signed with government commissioner Andrew G Vajna’s company in connection with his bid to buy the TV2 media group.Lawmaker Előd Novák noted that press reports have said that apart from Eximbank’s 6.7 billion forint (EUR 21.3m) loan transferred to Vajna’s company, stateowned MKB had also lent ...
Mayor: Budapest No Longer To Finance Agglomeration Transport
- 23 Dec 2015 8:00 AM
- getting around
The municipality of Budapest will no longer finance the public transportation of the city’s agglomeration, Mayor István Tarlós said. The suburbs of the city will have to talk to the state about this issue, he said. Tarlós said as mayor he could not consent to law amendments passed last week which would put a dent of 20.7 billion forints (EUR 65.88m) into Budapest’s budget.
Budapest Prosecutor Presses Charges In Connection With US Entry Ban
- 21 Dec 2015 8:00 AM
- current affairs
Budapest’s chief prosecutor has raised charges against a suspect believed to have solicited a bribe from US cooking oil producer Bunge in return for influencing Hungarian VAT legislation. Tibor Ibolya said that the suspect known as V.T. had claimed to know Peter Heim, head of Századvég, a think-tank close to the government.
Hungary Not At Risk, Says EBRD
- 21 Dec 2015 8:00 AM
- business
The European Bank for Reconstruction and Development has said that there is no risk in connection with Hungary as far as the bank is concerned, the daily Magyar Hírlap said. The bank has so far invested 2.7 billion euros in 170 projects in the country, Antal Nikoletti, member of the board representing Hungary at the London-based credit institution, noted. EBRD investments in Hungary are expected ...
Cosmetics, House Hold Chemical Sales Climb 7% In Hungary
- 17 Dec 2015 8:00 AM
- shopping
Retail sales of household chemicals and cosmetics in Hungary reached 290 billion forints (EUR 919m) in January-October, up 7% from the same period a year earlier, market researcher Nielsen said. Sales of shower gel were up 12%, tissue sales rose 11% and fabric softener sales increased 10%. Stores bigger than 2,500sqm generated 32% of total turnover during the period.
LMP Files Criminal Report About Alleged Eximbank Loan For Hungarian TV2 Purchase
- 17 Dec 2015 8:00 AM
- current affairs
The green opposition LMP will file a criminal report for abuse of power and mismanagement in connection with Eximbank lending 6.72 billion forints (EUR 21.3m) to government commissioner Andrew G Vajna’s company to buy media group TV2, according to press reports. LMP co-leader András Schiffer said that the bank should not “stuff the pockets of a government-friendly offshore knight with loans”.
Govt To Finance Electric Buses For Budapest
- 16 Dec 2015 8:00 AM
- getting around
The economy minister signed a financing agreement with Budapest’s public transport company BKV, under which 20 Hungarian-made electric midibuses and the necessary charger technology will be purchased. Addressing the ceremony, Mihály Varga hailed the beginning of a “new era” in the city’s transport, benefiting “the people of Budapest, Hungarian industry and busmaking”.
Hungarian Lawmakers Pass Law On VAT Cut For New Home Building
- 16 Dec 2015 8:00 AM
- property
Lawmakers approved a bill to reduce value added tax (VAT) on new-build homes from 27% to 5% between 2016 and 2019. Submitted by Economy Minister Mihály Varga and cabinet chief Antal Rogán, the law states that a 5% VAT rate applies to homes built between 2016 and 2019, mainly applying to blocks of flats built in housing parks with an area of less than 150 square meters each or to standalone homes ...