1,836 result(s) for budget
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 ...
Hungarian Gov’t Adds HUF 5bn To Olympics Budget
- 30 Dec 2015 8:00 AM
- sport
The government will increase funding for Budapest’s 2024 Olympic bid from Ft 10 billion to Ft 15 billion, under a resolution approved before Christmas. The feasibility study for the bid to host the 2024 summer games put the total cost of the bidding effort at Ft 10 billion. In addition, the government aims to raise a further Ft 4 billion through tax breaks for corporate sponsorship, boosting the ...
Hungary’s PM Orbán: EU In Need Of Success
- 28 Dec 2015 9:00 AM
- current affairs
If the European Union has more accomplishments than disagreements within the bloc then it has a future, Prime Minister Viktor Orbán said. If, however, the community is unable to move past its disputes, the EU will require a rethink, the prime minister said in an interview to the Thursday issue of daily Magyar Idők.
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.
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 ...
Hungarian Govt Proposes Reduced Banking Tax From Jan 1
- 12 Dec 2015 8:00 AM
- business
The government has proposed lowering the banking tax as of January 2016 from 0.31% to 0.24%, the economy ministry said. The reduction was proposed based on informal signals from the European Commission and an agreement with the European Bank for Reconstruction and Development (EBRD), the ministry said. The tax’s lower bracket would remain the same, 0.15% up to 50 billion forints.
Lázár: More Than HUF 9 Tr Paid Out In EU Monies In Hungary
- 11 Dec 2015 8:00 AM
- current affairs
More than 9,000 billion forints (EUR 28.4bn) of European Union funding has been paid out in Hungary, government office chief János Lázár said about the 2007-2013 EU budget period. Tenders have already been invited for the 2014-2020 EU budget period amounting to 3 billion forints, he told a weekly government press briefing.
Demographic Trends Present Difficulties For Growth And Labour Market In Hungary
- 8 Dec 2015 8:00 AM
- business
By 2060, the old-age dependency ratio may double in Hungary compared to the present level, and the burdens on economically active age groups may significantly increase in the coming decades as a result of population ageing, the National Bank of Hungary (NBH) said in its Growth Report. It said the old-age dependency ratio could increase from 26% in 2015 to 52% by 2060, parallel with a decline in ...
Hungary In Talks With Brussels On More Than HUF 600BN Of Funding
- 8 Dec 2015 4:00 AM
- business
Hungary is still in talks with the European Commission on more than 600 billion forints (EUR 1.92bn) in European Union funding for the 2007- 2013 period, state secretary Péter Benő Banai said. A Monday release by the economy ministry showed Hungary’s cash-flowbased budget deficit, excluding local councils, reached 970.7 billion forints at the end of November or 108.8% of the full-year target.
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 ...
Hungarian Gov’t Adds HUF 5bn To Olympics Budget
- 30 Dec 2015 8:00 AM
- sport
The government will increase funding for Budapest’s 2024 Olympic bid from Ft 10 billion to Ft 15 billion, under a resolution approved before Christmas. The feasibility study for the bid to host the 2024 summer games put the total cost of the bidding effort at Ft 10 billion. In addition, the government aims to raise a further Ft 4 billion through tax breaks for corporate sponsorship, boosting the ...
Hungary’s PM Orbán: EU In Need Of Success
- 28 Dec 2015 9:00 AM
- current affairs
If the European Union has more accomplishments than disagreements within the bloc then it has a future, Prime Minister Viktor Orbán said. If, however, the community is unable to move past its disputes, the EU will require a rethink, the prime minister said in an interview to the Thursday issue of daily Magyar Idők.
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.
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 ...
Hungarian Govt Proposes Reduced Banking Tax From Jan 1
- 12 Dec 2015 8:00 AM
- business
The government has proposed lowering the banking tax as of January 2016 from 0.31% to 0.24%, the economy ministry said. The reduction was proposed based on informal signals from the European Commission and an agreement with the European Bank for Reconstruction and Development (EBRD), the ministry said. The tax’s lower bracket would remain the same, 0.15% up to 50 billion forints.
Lázár: More Than HUF 9 Tr Paid Out In EU Monies In Hungary
- 11 Dec 2015 8:00 AM
- current affairs
More than 9,000 billion forints (EUR 28.4bn) of European Union funding has been paid out in Hungary, government office chief János Lázár said about the 2007-2013 EU budget period. Tenders have already been invited for the 2014-2020 EU budget period amounting to 3 billion forints, he told a weekly government press briefing.
Demographic Trends Present Difficulties For Growth And Labour Market In Hungary
- 8 Dec 2015 8:00 AM
- business
By 2060, the old-age dependency ratio may double in Hungary compared to the present level, and the burdens on economically active age groups may significantly increase in the coming decades as a result of population ageing, the National Bank of Hungary (NBH) said in its Growth Report. It said the old-age dependency ratio could increase from 26% in 2015 to 52% by 2060, parallel with a decline in ...
Hungary In Talks With Brussels On More Than HUF 600BN Of Funding
- 8 Dec 2015 4:00 AM
- business
Hungary is still in talks with the European Commission on more than 600 billion forints (EUR 1.92bn) in European Union funding for the 2007- 2013 period, state secretary Péter Benő Banai said. A Monday release by the economy ministry showed Hungary’s cash-flowbased budget deficit, excluding local councils, reached 970.7 billion forints at the end of November or 108.8% of the full-year target.