936 result(s) for budget bill
Mayor: Budapest Agglomeration Public Transport Funded Until Feb 17
- 11 Jan 2016 8:00 AM
- getting around
Public transport services to the agglomeration of Budapest will operate until February 17, when the city’s new municipal budget is scheduled for approval, Mayor of Budapest István Tarlós, said. In talks with Prime Minister Viktor Orbán in December last year it was agreed that Budapest has no obligation to finance transport in the agglomeration area, Tarlós told a press conference.
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’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 ...
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.
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.
Mayor: Budapest Agglomeration Public Transport Funded Until Feb 17
- 11 Jan 2016 8:00 AM
- getting around
Public transport services to the agglomeration of Budapest will operate until February 17, when the city’s new municipal budget is scheduled for approval, Mayor of Budapest István Tarlós, said. In talks with Prime Minister Viktor Orbán in December last year it was agreed that Budapest has no obligation to finance transport in the agglomeration area, Tarlós told a press conference.
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’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 ...
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.
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.