856 result(s) for competitive
OECD Lowers 2017 GDP Growth Forecast To 2.5 Pc
- 29 Nov 2016 8:00 AM
- business
The OECD lowered its projection for Hungary’s GDP growth next year to 2.5 percent in volume terms in a forecast published on Monday from the 3.1 percent in the previous Economic Outlook released in June 2016. The OECD however improved its 1.6 percent summer projection for Hungary’s growth this year to 1.7 percent in the autumn edition of the World Economic Outlook.
Fidesz Election Ploy Will Drive SMEs Out Of Business, Warn Critics
- 29 Nov 2016 8:00 AM
- current affairs
“We are confronted by an election trick that could trigger a wave of significant wage increases that would cause real problems for those companies which employ people in the vicinity of minimum wage.” – András Vértes, president, GKI Economic Research Zrt.
Orbán: Cultural Shift Sees Hungarians Valuing Work
- 28 Nov 2016 8:00 AM
- current affairs
Commenting on the wage deal signed on Thursday, Prime Minister Viktor Orbán said its most important message was that working in Hungary is worthwhile. In an interview to business daily Világgazdaság, Orbán said the deal reached with representatives of employers and trade unions was reached relatively quickly, showing that “players in Hungary’s economic life have not lost their common sense”.
Orbán: Wage Deal Result Of Hard Work
- 25 Nov 2016 8:00 AM
- business
The agreement between the government and its social partners on minimum wage increases in 2017 and 2018 was made possible by the hard work of “millions of Hungarians”, Prime Minister Viktor Orbán said at the signing of the wage deal in the Economy Ministry.
Hungary Seeks Talks With Austria On Paks
- 25 Nov 2016 8:00 AM
- current affairs
A European Court suit Austria has launched over Hungary’s upgrade of the Paks nuclear power station is not expected to delay the project, government office chief János Lázár told a press briefing. Hungary accepts Austria’s decision to turn to the court over the Paks project, though it would prefer to handle the matter through a joint negotiating mechanism, he said, adding that the government is ...
Szijjártó: EU Must Speed Up Enlargement
- 24 Nov 2016 8:00 AM
- current affairs
The European Union must speed up enlargement in order to overcome its problems, Foreign Minister Péter Szijjártó said after talks with Albanian EU integration minister Klajda Gjosha. Integrating the western Balkans would strengthen the bloc, he said. The current challenges faced by the EU should not be used as an excuse to turn inward, Szijjártó said.
Unions ‘Satisfied’ With Wage Deal
- 24 Nov 2016 8:00 AM
- business
Hungary’s trade unions are “satisfied” with the wage deal reached with the government. National Federation of Workers’ Councils (MOSZ) head Imre Palkovics told public television that it was many years since employee representatives had achieved as great a success as the current deal.
Minimum Wages To Significantly Increase
- 24 Nov 2016 2:40 AM
- business
Wages for unskilled workers will be raised by 15% and for skilled workers by 25% in 2017, according to Hungary's economy minister, Mihály Varga. He said that in 2018 the minimum wages will be increased by a further 8% and 12%, respectively.
Lawmakers Approve Govt Tax Package
- 23 Nov 2016 8:00 AM
- business
Parliament approved on Tuesday the government’s so-called autumn tax package targeting reducing the public burden, boosting competitiveness and streamlining the tax bureaucracy. The revenue limit applied to itemised tax for small business taxpayers will be raised, the exemption threshold for VAT will be similarly raised, while rules for health-care contributions will be simplified.
OECD Lowers 2017 GDP Growth Forecast To 2.5 Pc
- 29 Nov 2016 8:00 AM
- business
The OECD lowered its projection for Hungary’s GDP growth next year to 2.5 percent in volume terms in a forecast published on Monday from the 3.1 percent in the previous Economic Outlook released in June 2016. The OECD however improved its 1.6 percent summer projection for Hungary’s growth this year to 1.7 percent in the autumn edition of the World Economic Outlook.
Fidesz Election Ploy Will Drive SMEs Out Of Business, Warn Critics
- 29 Nov 2016 8:00 AM
- current affairs
“We are confronted by an election trick that could trigger a wave of significant wage increases that would cause real problems for those companies which employ people in the vicinity of minimum wage.” – András Vértes, president, GKI Economic Research Zrt.
Orbán: Cultural Shift Sees Hungarians Valuing Work
- 28 Nov 2016 8:00 AM
- current affairs
Commenting on the wage deal signed on Thursday, Prime Minister Viktor Orbán said its most important message was that working in Hungary is worthwhile. In an interview to business daily Világgazdaság, Orbán said the deal reached with representatives of employers and trade unions was reached relatively quickly, showing that “players in Hungary’s economic life have not lost their common sense”.
Orbán: Wage Deal Result Of Hard Work
- 25 Nov 2016 8:00 AM
- business
The agreement between the government and its social partners on minimum wage increases in 2017 and 2018 was made possible by the hard work of “millions of Hungarians”, Prime Minister Viktor Orbán said at the signing of the wage deal in the Economy Ministry.
Hungary Seeks Talks With Austria On Paks
- 25 Nov 2016 8:00 AM
- current affairs
A European Court suit Austria has launched over Hungary’s upgrade of the Paks nuclear power station is not expected to delay the project, government office chief János Lázár told a press briefing. Hungary accepts Austria’s decision to turn to the court over the Paks project, though it would prefer to handle the matter through a joint negotiating mechanism, he said, adding that the government is ...
Szijjártó: EU Must Speed Up Enlargement
- 24 Nov 2016 8:00 AM
- current affairs
The European Union must speed up enlargement in order to overcome its problems, Foreign Minister Péter Szijjártó said after talks with Albanian EU integration minister Klajda Gjosha. Integrating the western Balkans would strengthen the bloc, he said. The current challenges faced by the EU should not be used as an excuse to turn inward, Szijjártó said.
Unions ‘Satisfied’ With Wage Deal
- 24 Nov 2016 8:00 AM
- business
Hungary’s trade unions are “satisfied” with the wage deal reached with the government. National Federation of Workers’ Councils (MOSZ) head Imre Palkovics told public television that it was many years since employee representatives had achieved as great a success as the current deal.
Minimum Wages To Significantly Increase
- 24 Nov 2016 2:40 AM
- business
Wages for unskilled workers will be raised by 15% and for skilled workers by 25% in 2017, according to Hungary's economy minister, Mihály Varga. He said that in 2018 the minimum wages will be increased by a further 8% and 12%, respectively.
Lawmakers Approve Govt Tax Package
- 23 Nov 2016 8:00 AM
- business
Parliament approved on Tuesday the government’s so-called autumn tax package targeting reducing the public burden, boosting competitiveness and streamlining the tax bureaucracy. The revenue limit applied to itemised tax for small business taxpayers will be raised, the exemption threshold for VAT will be similarly raised, while rules for health-care contributions will be simplified.