78 result(s) for construction sector in Business
GKI: Business, Consumer Confidence Improve In July
- 26 Jul 2016 9:00 AM
- business
GKI’s combined gauge of consumer and business confidence stood at 0.0 points in July, up from -3.7 points in the previous month. The business confidence index rose to 5.6 points from 1.7 points as sentiment improved in industry and services but deteriorated in construction and trade. Industrial companies’ assessment improved in terms of output, order stock -- including export orders -- and ...
Economy Minister: Hungary To Bring In Non-EU Guest Workers To Ease Shortage Of Labour
- 14 Jul 2016 9:00 AM
- business
The Hungarian government is working on solving the shortage of labour, which is becoming an increasing problem in certain sectors and professions in the country, by “importing” skilled guest workers to Hungary from countries outside the EU but this will not cause any Hungarians to lose their jobs, the Minister for National Economy has said.
OECD Lowers Hungary Forecast For 2016 GDP Growth
- 2 Jun 2016 9:00 AM
- business
The OECD has lowered its growth forecast for Hungary’s economy to 1.6% from 2.4% in the previous Economic Outlook released in November 2015. In its new report, the OECD maintained its 3.1% projection for Hungarian GDP growth next year. The organisation said “growth is projected to moderate in 2016 due to a temporary contraction in public investment as a new cycle of EU structural funds commences, ...
Hungary’s Q1 2016 GDP Growth Falls Far Short Of Projections
- 24 May 2016 9:00 AM
- business
Hungary’s GDP growth in the first quarter slowed to .09 percent, or roughly half what some analysts had predicted, according to online daily vg.hu. Compared to the same period in 2015, GDP growth has decreased by .8 percentage points.
Investment Volume Up 7% In Q4
- 29 Feb 2016 3:00 AM
- business
Investment volume in Hungary grew by an annual 7% in the fourth quarter, bringing 2015 investment growth to 0.6%, the Central Statistical Office (KSH) said. Investment growth reflected almost exclusively activity in the public administration, social insurance and defence sectors where investments were up 90% from a year earlier in Q4 and rose nearly 50% in the full year.
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 Investment Volume Drops 3.4% In Q3
- 26 Nov 2015 12:00 AM
- business
Investment volume in Hungary was down by an annual 3.4% in the third quarter after rising by 5.7% in the second and falling by 3.9% in the first quarter, the Central Statistical Office (KSH) said. Third-quarter investments fell in all sectors with the exception of the property as well as business and the public administration, social insurance and defence sectors. In the latter sector, ...
Hungarian Company Közgép Slashes Workforce In Half
- 14 Oct 2015 9:00 AM
- business
Construction group Közgép yesterday announced that it will lay-off 350 employees, half of its staff, due to a plunge in new orders. The job losses will affect 283 administrative positions and 67 blue-collar jobs. Companies owned by Lajos Simicska have been hit hard by the loss of state orders since relations between the former financier of the Fidesz party and Prime Minister Viktor Orbán turned ...
Govt Office Chief Presses For National Infrastructure Development Programme
- 1 Oct 2015 5:24 AM
- business
Government office chief János Lázár urged the launch of a national infrastructure development programme, speaking at a conference organised by Portfolio.hu. The development programme will be used to fund the roughly 100 Hungarian companies that do not count as small and medium-sized firms and are thus not eligible for EU funds.
GKI: Business, Consumer Confidence Improve In July
- 26 Jul 2016 9:00 AM
- business
GKI’s combined gauge of consumer and business confidence stood at 0.0 points in July, up from -3.7 points in the previous month. The business confidence index rose to 5.6 points from 1.7 points as sentiment improved in industry and services but deteriorated in construction and trade. Industrial companies’ assessment improved in terms of output, order stock -- including export orders -- and ...
Economy Minister: Hungary To Bring In Non-EU Guest Workers To Ease Shortage Of Labour
- 14 Jul 2016 9:00 AM
- business
The Hungarian government is working on solving the shortage of labour, which is becoming an increasing problem in certain sectors and professions in the country, by “importing” skilled guest workers to Hungary from countries outside the EU but this will not cause any Hungarians to lose their jobs, the Minister for National Economy has said.
OECD Lowers Hungary Forecast For 2016 GDP Growth
- 2 Jun 2016 9:00 AM
- business
The OECD has lowered its growth forecast for Hungary’s economy to 1.6% from 2.4% in the previous Economic Outlook released in November 2015. In its new report, the OECD maintained its 3.1% projection for Hungarian GDP growth next year. The organisation said “growth is projected to moderate in 2016 due to a temporary contraction in public investment as a new cycle of EU structural funds commences, ...
Hungary’s Q1 2016 GDP Growth Falls Far Short Of Projections
- 24 May 2016 9:00 AM
- business
Hungary’s GDP growth in the first quarter slowed to .09 percent, or roughly half what some analysts had predicted, according to online daily vg.hu. Compared to the same period in 2015, GDP growth has decreased by .8 percentage points.
Investment Volume Up 7% In Q4
- 29 Feb 2016 3:00 AM
- business
Investment volume in Hungary grew by an annual 7% in the fourth quarter, bringing 2015 investment growth to 0.6%, the Central Statistical Office (KSH) said. Investment growth reflected almost exclusively activity in the public administration, social insurance and defence sectors where investments were up 90% from a year earlier in Q4 and rose nearly 50% in the full year.
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 Investment Volume Drops 3.4% In Q3
- 26 Nov 2015 12:00 AM
- business
Investment volume in Hungary was down by an annual 3.4% in the third quarter after rising by 5.7% in the second and falling by 3.9% in the first quarter, the Central Statistical Office (KSH) said. Third-quarter investments fell in all sectors with the exception of the property as well as business and the public administration, social insurance and defence sectors. In the latter sector, ...
Hungarian Company Közgép Slashes Workforce In Half
- 14 Oct 2015 9:00 AM
- business
Construction group Közgép yesterday announced that it will lay-off 350 employees, half of its staff, due to a plunge in new orders. The job losses will affect 283 administrative positions and 67 blue-collar jobs. Companies owned by Lajos Simicska have been hit hard by the loss of state orders since relations between the former financier of the Fidesz party and Prime Minister Viktor Orbán turned ...
Govt Office Chief Presses For National Infrastructure Development Programme
- 1 Oct 2015 5:24 AM
- business
Government office chief János Lázár urged the launch of a national infrastructure development programme, speaking at a conference organised by Portfolio.hu. The development programme will be used to fund the roughly 100 Hungarian companies that do not count as small and medium-sized firms and are thus not eligible for EU funds.