7,521 result(s) for business
NBH Governor: Hungary Sees Price, Financial Stability Since 2013
- 5 Nov 2015 8:00 AM
- business
Hungary has enjoyed price and financial stability since 2013, when changes got under way at the central bank, the bank’s governor, György Matolcsy, said. Addressing lawmakers in parliament in a debate of the bank’s 2012, 2013 and 2014 business reports, Matolcsy said the bank’s new leadership in place since March 2013 had returned to a “responsible, conservative, but creatively functioning” path ...
Govt Could Set Minimum Sales Staff Requirement At Retailers
- 5 Nov 2015 12:30 AM
- shopping
Hungary’s government is on course to draft legislation in the next two weeks which would set a minimum staff requirement for shops over 400sqm, business daily Világgazdaság said. The draft bill would require that retailers make at least one staff member available to shoppers for every 70sqm of space during business hours, the paper said. The possibility of such a measure could be a source of ...
National Bank of Hungary To Launch Growth Supporting Programme
- 4 Nov 2015 8:00 AM
- business
The National Bank of Hungary will launch a Growth Supporting Programme (GSP) in January with the aim of increasing the banking sector’s lending to small and medium-sized firms by 250-400 billion forints, or 5-10% of total corporate lending stock, in 2016. The GSP comprises the final phase of the NBH’s Funding for Growth Scheme (FGS) as well as a package of incentives for active lenders dubbed the ...
Nearly 1,000 EU - Financed Development Projects Delayed
- 4 Nov 2015 3:00 AM
- business
A total of 962 development projects co-financed by the European Union are currently delayed, business daily Világgazdaság reported. Citing cabinet office information, the paper said that at the end of the third quarter the state sector and local councils were 150 billion forints (EUR 480m) behind schedule in taking up EU monies.
Hungarian Competition Office Approves Andy Vajna’s Acquisition Of TV2
- 2 Nov 2015 8:00 AM
- business
The competition office GVH has approved Magyar Broadcasting Co’s acquisition of direct sole control over commercial television channel TV2 and CEE Broadcasting Ltd, GVH told MTI. Magyar Broadcasting Co. is owned by the government’s film industry commissioner, producer Andy Vajna.Magyar Broadcasting Co submitted a request to GVH on October 16 to clear the acquisition of companies operating ...
Video: US Ambassador To Hungary's “We Will Build a Stronger Bridge” Speech
- 31 Oct 2015 8:01 AM
- current affairs
US Ambassador Colleen Bell recently made numerous positive public remarks about Hungary, and also spoke of her country’s concerns - about corruption, a decline of freedom of the press, and xenophobic characterisations of refugees – during her speech on Wednesday 28 October at the Corvinus University in Budapest.
She said Hungary was not a place where journalists were jailed or tortured, ...
She said Hungary was not a place where journalists were jailed or tortured, ...
PM’s Office Buys Landmark On Budapest Andrássy Avenue
- 31 Oct 2015 8:00 AM
- property
On behalf of the Prime Minister’s Office, state-owned bank MFB has purchased the Paris Department Store, a historic Art Nouveau building on Budapestʼs Andrássy út, for an undisclosed amount, making the “Divatcsarnok” a state-owned property once again, Hungarian online daily napi.hu reported.
Almost 3,600 Individuals, 3,100 Companies On Hungarian Tax Authority’s Blacklist
- 30 Oct 2015 8:00 AM
- business
There were 3,597 private taxpayers and self-employed individuals owing more than 10 million forints each in back taxes for at least 180 days at the end of September, figures from the Hungarian tax authority NAV show. The debtors’ list, updated on a quarterly basis, is headed by Zhou Tejiao, the owner of a now defunct company, who owes 13.6 billion forints.
Hungarian State Audit Office Refuses Audits “On Party Demand”
- 30 Oct 2015 8:00 AM
- current affairs
The State Audit Office will not carry out audits “on demand” by political parties or any other organisations, the office said in response to opposition party PM’s call for an audit in connection with Hungary’s pavilion at the Milan World Expo. The office said in a statement that audits are carried out exclusively in line with a predefined schedule or on instruction by parliament or the government.
NBH Governor: Hungary Sees Price, Financial Stability Since 2013
- 5 Nov 2015 8:00 AM
- business
Hungary has enjoyed price and financial stability since 2013, when changes got under way at the central bank, the bank’s governor, György Matolcsy, said. Addressing lawmakers in parliament in a debate of the bank’s 2012, 2013 and 2014 business reports, Matolcsy said the bank’s new leadership in place since March 2013 had returned to a “responsible, conservative, but creatively functioning” path ...
Govt Could Set Minimum Sales Staff Requirement At Retailers
- 5 Nov 2015 12:30 AM
- shopping
Hungary’s government is on course to draft legislation in the next two weeks which would set a minimum staff requirement for shops over 400sqm, business daily Világgazdaság said. The draft bill would require that retailers make at least one staff member available to shoppers for every 70sqm of space during business hours, the paper said. The possibility of such a measure could be a source of ...
National Bank of Hungary To Launch Growth Supporting Programme
- 4 Nov 2015 8:00 AM
- business
The National Bank of Hungary will launch a Growth Supporting Programme (GSP) in January with the aim of increasing the banking sector’s lending to small and medium-sized firms by 250-400 billion forints, or 5-10% of total corporate lending stock, in 2016. The GSP comprises the final phase of the NBH’s Funding for Growth Scheme (FGS) as well as a package of incentives for active lenders dubbed the ...
Nearly 1,000 EU - Financed Development Projects Delayed
- 4 Nov 2015 3:00 AM
- business
A total of 962 development projects co-financed by the European Union are currently delayed, business daily Világgazdaság reported. Citing cabinet office information, the paper said that at the end of the third quarter the state sector and local councils were 150 billion forints (EUR 480m) behind schedule in taking up EU monies.
Hungarian Competition Office Approves Andy Vajna’s Acquisition Of TV2
- 2 Nov 2015 8:00 AM
- business
The competition office GVH has approved Magyar Broadcasting Co’s acquisition of direct sole control over commercial television channel TV2 and CEE Broadcasting Ltd, GVH told MTI. Magyar Broadcasting Co. is owned by the government’s film industry commissioner, producer Andy Vajna.Magyar Broadcasting Co submitted a request to GVH on October 16 to clear the acquisition of companies operating ...
Video: US Ambassador To Hungary's “We Will Build a Stronger Bridge” Speech
- 31 Oct 2015 8:01 AM
- current affairs
US Ambassador Colleen Bell recently made numerous positive public remarks about Hungary, and also spoke of her country’s concerns - about corruption, a decline of freedom of the press, and xenophobic characterisations of refugees – during her speech on Wednesday 28 October at the Corvinus University in Budapest.
She said Hungary was not a place where journalists were jailed or tortured, ...
She said Hungary was not a place where journalists were jailed or tortured, ...
PM’s Office Buys Landmark On Budapest Andrássy Avenue
- 31 Oct 2015 8:00 AM
- property
On behalf of the Prime Minister’s Office, state-owned bank MFB has purchased the Paris Department Store, a historic Art Nouveau building on Budapestʼs Andrássy út, for an undisclosed amount, making the “Divatcsarnok” a state-owned property once again, Hungarian online daily napi.hu reported.
Almost 3,600 Individuals, 3,100 Companies On Hungarian Tax Authority’s Blacklist
- 30 Oct 2015 8:00 AM
- business
There were 3,597 private taxpayers and self-employed individuals owing more than 10 million forints each in back taxes for at least 180 days at the end of September, figures from the Hungarian tax authority NAV show. The debtors’ list, updated on a quarterly basis, is headed by Zhou Tejiao, the owner of a now defunct company, who owes 13.6 billion forints.
Hungarian State Audit Office Refuses Audits “On Party Demand”
- 30 Oct 2015 8:00 AM
- current affairs
The State Audit Office will not carry out audits “on demand” by political parties or any other organisations, the office said in response to opposition party PM’s call for an audit in connection with Hungary’s pavilion at the Milan World Expo. The office said in a statement that audits are carried out exclusively in line with a predefined schedule or on instruction by parliament or the government.