50 result(s) for cut jobs in Business
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 ...
Lawmakers Pass Hungary’s 2016 Budget
- 24 Jun 2015 9:00 AM
- business
Lawmakers approved Hungary’s 2016 budget in a final vote months ahead of the legal deadline, with 119 votes in favour and 63 against. The Budget Act calculates with a budget deficit of 2% of gross domestic product (GDP) based on EU accounting rules and public debt of 73.3% of GDP. The budget targets total revenue of 15,800 billion forints (EUR 50.7bn), total expenditures of 16,561 billion forints ...
EC Clears Five Hungarian Programmes For Funding In 2014-2020
- 16 Feb 2015 8:00 AM
- business
The European Commission (EC) has approved five of Hungary’s operative programmes for European Union funding in 2014-2020, the EC announced.
OECD Report On Hungarian Economic Policy Reforms
- 10 Feb 2015 8:00 AM
- business
Going for Growth, an annual study of the Organization for Economic Co-operation and Development (OECD), provides an analysis of the reforms put in place by each member country – among them Hungary – from the aspect of economic growth.
Hungary’s Magyar Telekom To Cut Up To 1,700 Jobs
- 24 Jul 2014 4:00 AM
- business
Magyar Telekom on Thursday said it planned to cut up to 1,700 jobs over the next year and a half, under an agreement reached with trade unions. About 40% of the redundancies are expected between October 1, 2014 and March 1, 2015, MTel said.
No Threat Of Deflation In Hungary
- 10 Feb 2014 8:00 AM
- business
Coface analysts see no threat of deflation in Hungary even though inflation has fallen to a ten-year low. The leading global credit insurer said in its latest analysis that inflation has sunk to a ten-year low in Hungary, primarily due to a series of government-mandated utilities price cuts.
Hungary’s Economy Makes Positive U-Turn
- 21 Aug 2013 9:00 AM
- business
As a result of the Government measures introduced over the past three years Hungary has begun a period of sustainable economic growth. With the early repayment of the IMF loan, Hungary has proven to be an economically independent country which can finance itself from the markets. This achievement is even more remarkable given the fact that during this process Hungary has succeeded in emerging ...
Minister Matolcsy Announces New Fiscal Package In Hungary
- 8 Oct 2012 9:02 AM
- business
Minister for National Economy György Matolcsy held a press conference earlier this morning where he announced a fiscal adjustment package totalling 397 billion forints, which will ensure that a budget deficit below 3% of GDP will be achieved.
Nokia Completes Job Cuts In Komarom, Hungary
- 26 Sep 2012 9:00 AM
- business
Nokia has axed a further 200 jobs at its plant in Komarom in the third and final wave of job cuts that total 2,300, factory council head Zoltan Laszlo confirmed. Employees were given generous compensation, three months extra pay in addition to the legal minimum and job-seeking benefits as well, he added.
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 ...
Lawmakers Pass Hungary’s 2016 Budget
- 24 Jun 2015 9:00 AM
- business
Lawmakers approved Hungary’s 2016 budget in a final vote months ahead of the legal deadline, with 119 votes in favour and 63 against. The Budget Act calculates with a budget deficit of 2% of gross domestic product (GDP) based on EU accounting rules and public debt of 73.3% of GDP. The budget targets total revenue of 15,800 billion forints (EUR 50.7bn), total expenditures of 16,561 billion forints ...
EC Clears Five Hungarian Programmes For Funding In 2014-2020
- 16 Feb 2015 8:00 AM
- business
The European Commission (EC) has approved five of Hungary’s operative programmes for European Union funding in 2014-2020, the EC announced.
OECD Report On Hungarian Economic Policy Reforms
- 10 Feb 2015 8:00 AM
- business
Going for Growth, an annual study of the Organization for Economic Co-operation and Development (OECD), provides an analysis of the reforms put in place by each member country – among them Hungary – from the aspect of economic growth.
Hungary’s Magyar Telekom To Cut Up To 1,700 Jobs
- 24 Jul 2014 4:00 AM
- business
Magyar Telekom on Thursday said it planned to cut up to 1,700 jobs over the next year and a half, under an agreement reached with trade unions. About 40% of the redundancies are expected between October 1, 2014 and March 1, 2015, MTel said.
No Threat Of Deflation In Hungary
- 10 Feb 2014 8:00 AM
- business
Coface analysts see no threat of deflation in Hungary even though inflation has fallen to a ten-year low. The leading global credit insurer said in its latest analysis that inflation has sunk to a ten-year low in Hungary, primarily due to a series of government-mandated utilities price cuts.
Hungary’s Economy Makes Positive U-Turn
- 21 Aug 2013 9:00 AM
- business
As a result of the Government measures introduced over the past three years Hungary has begun a period of sustainable economic growth. With the early repayment of the IMF loan, Hungary has proven to be an economically independent country which can finance itself from the markets. This achievement is even more remarkable given the fact that during this process Hungary has succeeded in emerging ...
Minister Matolcsy Announces New Fiscal Package In Hungary
- 8 Oct 2012 9:02 AM
- business
Minister for National Economy György Matolcsy held a press conference earlier this morning where he announced a fiscal adjustment package totalling 397 billion forints, which will ensure that a budget deficit below 3% of GDP will be achieved.
Nokia Completes Job Cuts In Komarom, Hungary
- 26 Sep 2012 9:00 AM
- business
Nokia has axed a further 200 jobs at its plant in Komarom in the third and final wave of job cuts that total 2,300, factory council head Zoltan Laszlo confirmed. Employees were given generous compensation, three months extra pay in addition to the legal minimum and job-seeking benefits as well, he added.