2,266 result(s) for billion forint
Hungary’s Central Bank Outlines Proposal For Asset Management Agency
- 13 Nov 2014 1:00 AM
- current affairs
The National Bank of Hungary has outlined a proposal to set up an agency to manage distressed assets. The central bank’s Monetary Council approved a financing limit of 300 billion forints for the manager to buy up “a significant part” of a portfolio it estimated to be worth around 800 billion forints at book value.
Hungarian Analysts’ Views Differ On Outlook For Forint Conversion Of FX Loans
- 11 Nov 2014 8:00 AM
- property
Analysts interviewed by MTI gave differing views on how successful the forint conversion of foreign currency loans could be. András Balatoni of ING Bank said borrowers would be happy to opt for the forint conversion to reduce their foreign currency exposure.
Norway “Blackmailing” Hungary Over Funding, Mulling Legal Steps
- 10 Nov 2014 8:00 AM
- current affairs
A statement last week by Norway’s ambassador to Hungary suggesting that the transfer of 36 billion forints (EUR 116m) suspended in May depended on whether civil organisation Ökotárs Foundation would be able to carry on its work was “blackmail”, Nándor Csepreghy, deputy cabinet state secretary for development policy communications, told public television.
Hungary's PM Orbán Retreats On Internet Tax
- 3 Nov 2014 8:00 AM
- current affairs
Prime Minister Viktor Orbán announced the withdrawal of the internet tax on Friday but did not abandon the idea, saying it will be revisited next year. In his usual fortnightly interview with Kossuth Rádió, Orbán said the debate about the tax had gone off course, as the levy is an extension of the existing telecoms tax, but now people question its fairness.
Licence Paves Way For Digi Mobile Network In Hungary
- 31 Oct 2014 9:00 AM
- tech
Telco Digi has been awarded a licence allowing it to set up Hungary’s fourth mobile telecommunications network, the National Media and Telecommunications Authority (NMHH) said on Thursday.
Fat Tax In Hungary Yields Over 178m EUR In Revenue Since 2011
- 31 Oct 2014 8:00 AM
- business
The revenue gained from the public health tax dubbed fat tax totalled more than 55 billion forints (EUR 178m) since its introduction, Magyar Nemzet daily said on Thursday. The tax on “unhealthy” food and drinks with high sugar, salt, carbohydrate and caffeine content was introduced in September 2011.
Hungarian Govt Supports HUF 700 Cap On Internet Tax
- 28 Oct 2014 3:00 AM
- current affairs
The government supports a proposal put forward by the ruling Fidesz party on capping the tax to be levied on internet traffic at 700 forints or 2.3 euros a month, Economy Minister Mihály Varga said. The tax would not be payable by subscribers but by telecoms, Varga said in parliament on Monday.
Xpat Opinion: American-Hungarian Relations Are Crumbling
- 24 Oct 2014 2:40 AM
- current affairs
Let me summarize what we know so far about the U.S. action against certain Hungarian businessmen and government employees. Initially it was reported that ten people were banned from entering the United States, but by now that number has been reduced to six. We definitely know of one businessman who reported on his fate to ATV.
Varga: Hungarian Govt Not Mulling Corporate Tax Changes
- 22 Oct 2014 9:00 AM
- business
The government is not planning to change the taxation rate for companies next year but the longterm goal is to have a flat-rate tax, Mihály Varga, the economy minister, told a press conference. Presenting details of the government’s tax proposals, Varga said that small and medium-size ventures would continue to pay a 10% corporate tax, and large companies 19%.
Hungary’s Central Bank Outlines Proposal For Asset Management Agency
- 13 Nov 2014 1:00 AM
- current affairs
The National Bank of Hungary has outlined a proposal to set up an agency to manage distressed assets. The central bank’s Monetary Council approved a financing limit of 300 billion forints for the manager to buy up “a significant part” of a portfolio it estimated to be worth around 800 billion forints at book value.
Hungarian Analysts’ Views Differ On Outlook For Forint Conversion Of FX Loans
- 11 Nov 2014 8:00 AM
- property
Analysts interviewed by MTI gave differing views on how successful the forint conversion of foreign currency loans could be. András Balatoni of ING Bank said borrowers would be happy to opt for the forint conversion to reduce their foreign currency exposure.
Norway “Blackmailing” Hungary Over Funding, Mulling Legal Steps
- 10 Nov 2014 8:00 AM
- current affairs
A statement last week by Norway’s ambassador to Hungary suggesting that the transfer of 36 billion forints (EUR 116m) suspended in May depended on whether civil organisation Ökotárs Foundation would be able to carry on its work was “blackmail”, Nándor Csepreghy, deputy cabinet state secretary for development policy communications, told public television.
Hungary's PM Orbán Retreats On Internet Tax
- 3 Nov 2014 8:00 AM
- current affairs
Prime Minister Viktor Orbán announced the withdrawal of the internet tax on Friday but did not abandon the idea, saying it will be revisited next year. In his usual fortnightly interview with Kossuth Rádió, Orbán said the debate about the tax had gone off course, as the levy is an extension of the existing telecoms tax, but now people question its fairness.
Licence Paves Way For Digi Mobile Network In Hungary
- 31 Oct 2014 9:00 AM
- tech
Telco Digi has been awarded a licence allowing it to set up Hungary’s fourth mobile telecommunications network, the National Media and Telecommunications Authority (NMHH) said on Thursday.
Fat Tax In Hungary Yields Over 178m EUR In Revenue Since 2011
- 31 Oct 2014 8:00 AM
- business
The revenue gained from the public health tax dubbed fat tax totalled more than 55 billion forints (EUR 178m) since its introduction, Magyar Nemzet daily said on Thursday. The tax on “unhealthy” food and drinks with high sugar, salt, carbohydrate and caffeine content was introduced in September 2011.
Hungarian Govt Supports HUF 700 Cap On Internet Tax
- 28 Oct 2014 3:00 AM
- current affairs
The government supports a proposal put forward by the ruling Fidesz party on capping the tax to be levied on internet traffic at 700 forints or 2.3 euros a month, Economy Minister Mihály Varga said. The tax would not be payable by subscribers but by telecoms, Varga said in parliament on Monday.
Xpat Opinion: American-Hungarian Relations Are Crumbling
- 24 Oct 2014 2:40 AM
- current affairs
Let me summarize what we know so far about the U.S. action against certain Hungarian businessmen and government employees. Initially it was reported that ten people were banned from entering the United States, but by now that number has been reduced to six. We definitely know of one businessman who reported on his fate to ATV.
Varga: Hungarian Govt Not Mulling Corporate Tax Changes
- 22 Oct 2014 9:00 AM
- business
The government is not planning to change the taxation rate for companies next year but the longterm goal is to have a flat-rate tax, Mihály Varga, the economy minister, told a press conference. Presenting details of the government’s tax proposals, Varga said that small and medium-size ventures would continue to pay a 10% corporate tax, and large companies 19%.