106 result(s) for budget cuts
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.
EC: Hungary On Track For Deficit Target, Not On Debt
- 3 Dec 2014 8:00 AM
- business
The European Commission said Hungary is “on track” to achieving this year’s deficit target of 2.9% of gross domestic product (GDP), but added that state debt is “not yet on a firm downward path” in a memo following a postprogramme surveillance mission to the country. The EC said that the projected pace of debt reduction “appears at risk of breaching the requirements of the Stability and Growth ...
“Hungarian Public Life Corrupt To The Core”
- 26 Sep 2014 1:00 AM
- business
Economists Péter Róna and Lajos Bokros discussed corruption and Hungary’s economic policy mistakes of the last 25 years at an event organised by Politics Can Be Different (LMP) in Újbuda on Wednesday.
Templeton Holds 12% Of Hungary's State Debt
- 24 Jul 2014 1:00 AM
- business
Franklin Templeton had nearly $13 billion or Ft 2.945 trillion invested in Hungarian bonds at the end of June, according to the US investment fund’s quarterly report. This amounts to 11.9% of the total budget debt.
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.
EC: Hungary On Track For Deficit Target, Not On Debt
- 3 Dec 2014 8:00 AM
- business
The European Commission said Hungary is “on track” to achieving this year’s deficit target of 2.9% of gross domestic product (GDP), but added that state debt is “not yet on a firm downward path” in a memo following a postprogramme surveillance mission to the country. The EC said that the projected pace of debt reduction “appears at risk of breaching the requirements of the Stability and Growth ...
“Hungarian Public Life Corrupt To The Core”
- 26 Sep 2014 1:00 AM
- business
Economists Péter Róna and Lajos Bokros discussed corruption and Hungary’s economic policy mistakes of the last 25 years at an event organised by Politics Can Be Different (LMP) in Újbuda on Wednesday.
Templeton Holds 12% Of Hungary's State Debt
- 24 Jul 2014 1:00 AM
- business
Franklin Templeton had nearly $13 billion or Ft 2.945 trillion invested in Hungarian bonds at the end of June, according to the US investment fund’s quarterly report. This amounts to 11.9% of the total budget debt.