• 22 Nov 2024

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Opposition Slams Hungary’s 2023 Budget

Opposition Slams Hungary’s 2023 Budget

Hungary's parliament passed into law the government's budget for 2023 in a final vote on Tuesday, with 135 votes in favour and 54 votes against. 
KATA: President Approves Controversial Changes to Small Business Tax Law in Hungary

KATA: President Approves Controversial Changes to Small Business Tax Law in Hungary

President Katalin Novák on Monday signed into law the amendments to the tax for small business owners (KATA). The legislation prompted protests in Budapest last week.
Cap on Household Bills Remains in Force Up to Level of Average Consumption in Hungary

Cap on Household Bills Remains in Force Up to Level of Average Consumption in Hungary

The cap on energy bills will remain fully in force for households that do not exceed average consumption, according to a government statement on Thursday.
Measures to Keep Household Utility Bills Low in Hungary Officially Announced

Measures to Keep Household Utility Bills Low in Hungary Officially Announced

Detailing the government’s seven-point plan to keep household utility bills low, Gergely Gulyás, the prime minister’s chief of staff, told a regular press briefing that domestic gas production will be increased from an annual 1.5 billion to 2 billion cubic metres.
'State of Energy Emergency' Now Declared

'State of Energy Emergency' Now Declared

Hungary's government has declared a state of energy emergency and has approved measures that will include limiting the caps on household gas and electricity bills to average consumption levels from Aug 1, the prime minister's chief of staff said.
Is 0% VAT for Basic Foods in Hungary Coming?

Is 0% VAT for Basic Foods in Hungary Coming?

The opposition Democratic Coalition has called on ruling Fidesz to vote for its earlier proposal cutting VAT for basic foodstuffs to zero percent.
Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Opposition parties have slammed the Hungarian draft budget submitted on Tuesday as “an austerity budget”. Jobbik deputy leader Dániel Z. Kárpát said the budget contained austerity measures to the tune of 2,000 billion forints (EUR 5.1bn), “including indirect effects”.
Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

The cabinet has decided to set up a fund for protecting the cap on utility bills and is introducing a tax on extra profits to finance it, Márton Nagy, the minister of economic development, said in an interview to public radio on Sunday.
Orbán Meets Le Pen: 'Europeans Must Be Protected'

Orbán Meets Le Pen: 'Europeans Must Be Protected'

Viktor Orbán met Marine Le Pen in Paris on Friday to discuss threats Europe faces such as the war in Ukraine and its economic fallout, according to a statement by the Prime Minister’s press chief.
Opposition Slams Hungary’s 2023 Budget

Opposition Slams Hungary’s 2023 Budget

Hungary's parliament passed into law the government's budget for 2023 in a final vote on Tuesday, with 135 votes in favour and 54 votes against. 
KATA: President Approves Controversial Changes to Small Business Tax Law in Hungary

KATA: President Approves Controversial Changes to Small Business Tax Law in Hungary

President Katalin Novák on Monday signed into law the amendments to the tax for small business owners (KATA). The legislation prompted protests in Budapest last week.
Cap on Household Bills Remains in Force Up to Level of Average Consumption in Hungary

Cap on Household Bills Remains in Force Up to Level of Average Consumption in Hungary

The cap on energy bills will remain fully in force for households that do not exceed average consumption, according to a government statement on Thursday.
Measures to Keep Household Utility Bills Low in Hungary Officially Announced

Measures to Keep Household Utility Bills Low in Hungary Officially Announced

Detailing the government’s seven-point plan to keep household utility bills low, Gergely Gulyás, the prime minister’s chief of staff, told a regular press briefing that domestic gas production will be increased from an annual 1.5 billion to 2 billion cubic metres.
'State of Energy Emergency' Now Declared

'State of Energy Emergency' Now Declared

Hungary's government has declared a state of energy emergency and has approved measures that will include limiting the caps on household gas and electricity bills to average consumption levels from Aug 1, the prime minister's chief of staff said.
Is 0% VAT for Basic Foods in Hungary Coming?

Is 0% VAT for Basic Foods in Hungary Coming?

The opposition Democratic Coalition has called on ruling Fidesz to vote for its earlier proposal cutting VAT for basic foodstuffs to zero percent.
Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Opposition parties have slammed the Hungarian draft budget submitted on Tuesday as “an austerity budget”. Jobbik deputy leader Dániel Z. Kárpát said the budget contained austerity measures to the tune of 2,000 billion forints (EUR 5.1bn), “including indirect effects”.
Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

The cabinet has decided to set up a fund for protecting the cap on utility bills and is introducing a tax on extra profits to finance it, Márton Nagy, the minister of economic development, said in an interview to public radio on Sunday.
Orbán Meets Le Pen: 'Europeans Must Be Protected'

Orbán Meets Le Pen: 'Europeans Must Be Protected'

Viktor Orbán met Marine Le Pen in Paris on Friday to discuss threats Europe faces such as the war in Ukraine and its economic fallout, according to a statement by the Prime Minister’s press chief.