109 result(s) for budget cuts
Orbán: Hungary Experiencing Economic Boom
- 25 Apr 2016 9:00 AM
- business
Hungary is experiencing a time of economic prosperity and will take another step forward in 2017, Prime Minister Viktor Orbán told public Kossuth Radio. Speaking about next year’s budget, the prime minister said wages are continuously growing while unemployment is decreasing, something that Hungary “achieved without loans”.
Budapest Budget Plans Approved
- 18 Feb 2016 8:00 AM
- business
The Budapest assembly passed the budget proposed by the municipality leadership. The budget plans for revenue of 228.86 billion forints (EUR 738m) and spending of 313.5 billion with a shortfall of 85.4 billion. Gábor Bagdy, deputy mayor in change of finances, said the municipality is managing the finances in straitened times but the budget will provide the capital required for the city’s ...
Hungarian Govt To Scale Back Bureaucracy
- 6 Feb 2016 5:58 AM
- current affairs
A decision on the fate of 73 state institutions that support Hungary’s ministries will be taken by mid-year, government office chief János Lázár said in an interview with MTI. At a regular press briefing a week earlier, Lázár announced a review of the institutions and said some could be eliminated or merged into the ministries that oversee them.
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 ...
Hungary Rejects EC Economic Policy Advice
- 29 Jun 2015 9:00 AM
- business
Hungary cannot accept two of the European Commission’s country-specific economic policy recommendations, Prime Minister Viktor Orbán said. One of these are the comments on its fostered work programme and the other is in connection with planned budget adjustments, Orbán said after an EU summit in Brussels. The European Council has declared the recommendations “generally acceptable”, which means ...
Hungary's PM: 2016 Budget Planning Means “Everyone Can Move Forward”
- 27 Apr 2015 10:00 AM
- business
Thanks to the government’s advance planning for the 2016 budget “everyone can move forward,” Prime Minister Viktor Orbán said in his regular Friday morning interview with public radio. The goal is to push the jobless rate down to around 3% by 2018- 2019, which in effect would mean full employment. Tax cuts are a means to stimulate employment and they are also tantamount to a pay rise, he added.
Hungarian Parties, Analysts React To 2016 Budget Proposal
- 22 Apr 2015 9:00 AM
- business
Antal Rogán, head of the Fidesz parliamentary group, said Fidesz called the planned 2016 budget “a milestone on the path of tax cuts” and insisted that the government is a “cabinet of tax reductions”. Analysts polled by MTI said the macro figures for the 2016 budget were realistic.
Hungary Buys Stake In ERSTE, Pledges Bank Tax Cut
- 13 Feb 2015 8:00 AM
- business
Conservative pundits welcome the government’s decision to temporarily invest in ERSTE Bank Hungary and pledge to take out the surplus bank tax. This, they believe, will help consolidate the banking sector and boost lending. A left-wing commentator doubts that the government will fulfil its promises.
Hungary's MTVA To Axe Another 177 Jobs
- 9 Jan 2015 8:00 AM
- current affairs
State media manager MTVA yesterday announced that 177 employees will be dismissed in the first half of 2015, citing economic rationalisation, cuts in payroll costs and a rationalisation of operations. Those affected will be 146 staff members in Budapest and 31 in Pécs and Szeged.
Orbán: Hungary Experiencing Economic Boom
- 25 Apr 2016 9:00 AM
- business
Hungary is experiencing a time of economic prosperity and will take another step forward in 2017, Prime Minister Viktor Orbán told public Kossuth Radio. Speaking about next year’s budget, the prime minister said wages are continuously growing while unemployment is decreasing, something that Hungary “achieved without loans”.
Budapest Budget Plans Approved
- 18 Feb 2016 8:00 AM
- business
The Budapest assembly passed the budget proposed by the municipality leadership. The budget plans for revenue of 228.86 billion forints (EUR 738m) and spending of 313.5 billion with a shortfall of 85.4 billion. Gábor Bagdy, deputy mayor in change of finances, said the municipality is managing the finances in straitened times but the budget will provide the capital required for the city’s ...
Hungarian Govt To Scale Back Bureaucracy
- 6 Feb 2016 5:58 AM
- current affairs
A decision on the fate of 73 state institutions that support Hungary’s ministries will be taken by mid-year, government office chief János Lázár said in an interview with MTI. At a regular press briefing a week earlier, Lázár announced a review of the institutions and said some could be eliminated or merged into the ministries that oversee them.
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 ...
Hungary Rejects EC Economic Policy Advice
- 29 Jun 2015 9:00 AM
- business
Hungary cannot accept two of the European Commission’s country-specific economic policy recommendations, Prime Minister Viktor Orbán said. One of these are the comments on its fostered work programme and the other is in connection with planned budget adjustments, Orbán said after an EU summit in Brussels. The European Council has declared the recommendations “generally acceptable”, which means ...
Hungary's PM: 2016 Budget Planning Means “Everyone Can Move Forward”
- 27 Apr 2015 10:00 AM
- business
Thanks to the government’s advance planning for the 2016 budget “everyone can move forward,” Prime Minister Viktor Orbán said in his regular Friday morning interview with public radio. The goal is to push the jobless rate down to around 3% by 2018- 2019, which in effect would mean full employment. Tax cuts are a means to stimulate employment and they are also tantamount to a pay rise, he added.
Hungarian Parties, Analysts React To 2016 Budget Proposal
- 22 Apr 2015 9:00 AM
- business
Antal Rogán, head of the Fidesz parliamentary group, said Fidesz called the planned 2016 budget “a milestone on the path of tax cuts” and insisted that the government is a “cabinet of tax reductions”. Analysts polled by MTI said the macro figures for the 2016 budget were realistic.
Hungary Buys Stake In ERSTE, Pledges Bank Tax Cut
- 13 Feb 2015 8:00 AM
- business
Conservative pundits welcome the government’s decision to temporarily invest in ERSTE Bank Hungary and pledge to take out the surplus bank tax. This, they believe, will help consolidate the banking sector and boost lending. A left-wing commentator doubts that the government will fulfil its promises.
Hungary's MTVA To Axe Another 177 Jobs
- 9 Jan 2015 8:00 AM
- current affairs
State media manager MTVA yesterday announced that 177 employees will be dismissed in the first half of 2015, citing economic rationalisation, cuts in payroll costs and a rationalisation of operations. Those affected will be 146 staff members in Budapest and 31 in Pécs and Szeged.