918 result(s) for debt
Varga: Govt To Mull Single-Digit Income Tax In 2017
- 26 Apr 2016 9:00 AM
- business
The question whether to introduce a single-digit income tax will be broached next year, the economy minister said in an interview to business daily Világgazdaság. Mihály Varga said that reducing the tax from the current 15% would lead to revenue losses amounting to 600 billion forints (EUR 1.9bn). But if the rate of growth stays on its current trajectory and the government succeeds in ...
Varga: Govt Aims For Lower VAT, But “Now Is Not The Time”
- 22 Apr 2016 9:00 AM
- business
Hungary’s government aims to reduce the 27% general value-added tax rate in the long term, though “now is not the time” for a cut, Economy Minister Mihály Varga said in an interview in the fresh issue of business weekly Figyelő. “It would be nice if the VAT rate could be reduced and the top rate brought to 25% or lower. This is in line with the cabinet’s long-term intentions, but now is not the ...
Hungaroring Celebrates Its 30th Birthday
- 19 Apr 2016 9:00 AM
- sport
The fact that the Formula 1 race was being organised for the fourth time already in 1989, the year of the political turn, clearly tells what a remarkable pole-position Hungary used to hold among the countries of the former Eastern bloc. The Hungaroring is celebrating its 30th birthday this year and it’s as popular as always, with excellent prospects.
Sport Restores Hungary’s Self-Respect
- 12 Apr 2016 9:00 AM
- sport
Prime Minister Viktor Orbán spoke about the importance of sport and self-respect at the inauguration of the new training centre of the Diósgyőr Metal Works Physical Exercise Club (DVTK) in Miskolc. The training centre, built near the Diósgyőr football stadium, was inaugurated on Sunday.
Fewer Residency Bonds Sold In Q1
- 11 Apr 2016 9:00 AM
- current affairs
Non-EU citizens bought 88 Hungarian residency bonds in the first quarter, down from 174 in the same period of 2015, Magyar Nemzet reports. The bonds, offering a residence permit to those who invest €300,000 in Hungarian bonds for at least five years, were introduced in 2013. So far 3,446 have been sold.
Hungary Fully Reimbursed IMF - European Commission Loan
- 7 Apr 2016 9:00 AM
- business
On 6 April 2016, the European Commission credited the last instalment, EUR 1.5bn, of the loan facility that the former Hungarian government had received from the IMF and the European Commission in 2008 and 2009, Minister for National Economy Mihály Varga announced. With this step, he added, the Government has reached its goal of creating economic policy independence also in terms of state ...
Opposition Parties Press For Measures Against Offshore Business
- 5 Apr 2016 9:00 AM
- current affairs
Hungarian opposition parties have urged the government to take measures in light of the international offshore scandal dubbed “Panama Papers”. The radical nationalist Jobbik party insisted that lawmakers with ties to offshore companies should be stripped of their mandates. MPs should sign affidavits that they have no ties with offshore companies, Jobbik lawmaker György Szilágyi said.
Govt To Finalise Structure Of New State School Manager In April
- 25 Mar 2016 8:00 AM
- current affairs
The government will decide on the structure of the new state institution to replace central schools manager Klik next month, Klik chief Annamária Pölöskei told the daily Magyar Idők. The government’s aim is to have the new state school manager up and running by the beginning of July, Pölöskei said.
S+P Affirms Hungary Rating; Outlook Still Stable
- 21 Mar 2016 8:00 AM
- business
Standard and Poor’s Ratings Services affirmed its ‘BB+/B’ long- and shortterm foreign and local currency sovereign credit ratings on Hungary. The outlook for Hungary remains stable, S+P said. Hungary’s government reiterated that it expects upgrades by at least two of the three big ratings agencies this year.
Varga: Govt To Mull Single-Digit Income Tax In 2017
- 26 Apr 2016 9:00 AM
- business
The question whether to introduce a single-digit income tax will be broached next year, the economy minister said in an interview to business daily Világgazdaság. Mihály Varga said that reducing the tax from the current 15% would lead to revenue losses amounting to 600 billion forints (EUR 1.9bn). But if the rate of growth stays on its current trajectory and the government succeeds in ...
Varga: Govt Aims For Lower VAT, But “Now Is Not The Time”
- 22 Apr 2016 9:00 AM
- business
Hungary’s government aims to reduce the 27% general value-added tax rate in the long term, though “now is not the time” for a cut, Economy Minister Mihály Varga said in an interview in the fresh issue of business weekly Figyelő. “It would be nice if the VAT rate could be reduced and the top rate brought to 25% or lower. This is in line with the cabinet’s long-term intentions, but now is not the ...
Hungaroring Celebrates Its 30th Birthday
- 19 Apr 2016 9:00 AM
- sport
The fact that the Formula 1 race was being organised for the fourth time already in 1989, the year of the political turn, clearly tells what a remarkable pole-position Hungary used to hold among the countries of the former Eastern bloc. The Hungaroring is celebrating its 30th birthday this year and it’s as popular as always, with excellent prospects.
Sport Restores Hungary’s Self-Respect
- 12 Apr 2016 9:00 AM
- sport
Prime Minister Viktor Orbán spoke about the importance of sport and self-respect at the inauguration of the new training centre of the Diósgyőr Metal Works Physical Exercise Club (DVTK) in Miskolc. The training centre, built near the Diósgyőr football stadium, was inaugurated on Sunday.
Fewer Residency Bonds Sold In Q1
- 11 Apr 2016 9:00 AM
- current affairs
Non-EU citizens bought 88 Hungarian residency bonds in the first quarter, down from 174 in the same period of 2015, Magyar Nemzet reports. The bonds, offering a residence permit to those who invest €300,000 in Hungarian bonds for at least five years, were introduced in 2013. So far 3,446 have been sold.
Hungary Fully Reimbursed IMF - European Commission Loan
- 7 Apr 2016 9:00 AM
- business
On 6 April 2016, the European Commission credited the last instalment, EUR 1.5bn, of the loan facility that the former Hungarian government had received from the IMF and the European Commission in 2008 and 2009, Minister for National Economy Mihály Varga announced. With this step, he added, the Government has reached its goal of creating economic policy independence also in terms of state ...
Opposition Parties Press For Measures Against Offshore Business
- 5 Apr 2016 9:00 AM
- current affairs
Hungarian opposition parties have urged the government to take measures in light of the international offshore scandal dubbed “Panama Papers”. The radical nationalist Jobbik party insisted that lawmakers with ties to offshore companies should be stripped of their mandates. MPs should sign affidavits that they have no ties with offshore companies, Jobbik lawmaker György Szilágyi said.
Govt To Finalise Structure Of New State School Manager In April
- 25 Mar 2016 8:00 AM
- current affairs
The government will decide on the structure of the new state institution to replace central schools manager Klik next month, Klik chief Annamária Pölöskei told the daily Magyar Idők. The government’s aim is to have the new state school manager up and running by the beginning of July, Pölöskei said.
S+P Affirms Hungary Rating; Outlook Still Stable
- 21 Mar 2016 8:00 AM
- business
Standard and Poor’s Ratings Services affirmed its ‘BB+/B’ long- and shortterm foreign and local currency sovereign credit ratings on Hungary. The outlook for Hungary remains stable, S+P said. Hungary’s government reiterated that it expects upgrades by at least two of the three big ratings agencies this year.