• 22 Nov 2024

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Rain Threatens Weekend Festivities in Hungary

Rain Threatens Weekend Festivities in Hungary

There is a good chance that the August 20 fireworks display will be washed out by rain, and possibly thunderstorms, according to the National Meteorological Service.
Lower Flat Owner Approval Threshold for Solar Panel Investments in Hungary

Lower Flat Owner Approval Threshold for Solar Panel Investments in Hungary

The government has lowered the flat owner approval threshold for solar panel investments on buildings with multiple dwellings from 100% to 75%, a Fidesz lawmaker said on Facebook on Friday.
Base Rate Raised Again by Central Bank in Hungary - Extraordinary Measures Explained

Base Rate Raised Again by Central Bank in Hungary - Extraordinary Measures Explained

NBH rate-setters raised the base rate by 100 basis points to 10.75% this Tuesday. The Monetary Council had raised the base rate by 200 basis points to 9.75% just two weeks earlier, taking the extraordinary measure at a non-rate-setting meeting to keep the key rate in tandem with the one-week deposit rate.
Hungarian Soldiers Told

Hungarian Soldiers Told "Come Out of Barracks to Get Prepared"

As part of Hungary’s revamp of its armed forces, the country will receive 44 new Leopard 2A7 tanks, with the first arriving in June next year, and the first batch of 24 “long awaited” PzH2000 self-propelling guns will arrive before the current year is out, Kristóf Szalay-Bobrovniczky, the defence minister, said at a military ceremony in Tata, in western Hungary, on Monday.
People in Hungary Will Still Be Charged Below Market Rate for Energy

People in Hungary Will Still Be Charged Below Market Rate for Energy

Private individuals will be charged below the actual market prices for their gas and electricity consumption even if it exceeds the average level under which a price cap is applied, the government commissioner in charge of Hungary’s utility price cap scheme said at the Băile Tușnad (Tusnádfürdő) Summer University, in central Romania.
New HUF 400 Billion Investment by Mercedes on Hungarian Plant

New HUF 400 Billion Investment by Mercedes on Hungarian Plant

Mercedes-Benz will spend 400 billion forints (EUR 1 bn) to add new production lines to its plant in Kecskemét, in central Hungary, Péter Szijjártó, the minister of foreign affairs and trade, announced.
KATA Tax Misused by Companies, Says Orbán

KATA Tax Misused by Companies, Says Orbán

Regarding the itemised tax for small businesses (kata), changes to which have triggered protests in Budapest this week, Orbán said the tax was originally created to offer a simple and easy-to-handle tax for small businesses providing for private customers.
Forint Strengthens After New Base Rate Hike Up to 9.75%

Forint Strengthens After New Base Rate Hike Up to 9.75%

The forint strengthened to around 410.30 to the euro shortly after the central bank raised the base rate by 200 basis points on Tuesday.
Budapest Assembly Votes to Take Out HUF 32 Billion Loan

Budapest Assembly Votes to Take Out HUF 32 Billion Loan

The Budapest Assembly on Wednesday voted to take out a 32 billion forint (EUR 80.1m) development loan.
Rain Threatens Weekend Festivities in Hungary

Rain Threatens Weekend Festivities in Hungary

There is a good chance that the August 20 fireworks display will be washed out by rain, and possibly thunderstorms, according to the National Meteorological Service.
Lower Flat Owner Approval Threshold for Solar Panel Investments in Hungary

Lower Flat Owner Approval Threshold for Solar Panel Investments in Hungary

The government has lowered the flat owner approval threshold for solar panel investments on buildings with multiple dwellings from 100% to 75%, a Fidesz lawmaker said on Facebook on Friday.
Base Rate Raised Again by Central Bank in Hungary - Extraordinary Measures Explained

Base Rate Raised Again by Central Bank in Hungary - Extraordinary Measures Explained

NBH rate-setters raised the base rate by 100 basis points to 10.75% this Tuesday. The Monetary Council had raised the base rate by 200 basis points to 9.75% just two weeks earlier, taking the extraordinary measure at a non-rate-setting meeting to keep the key rate in tandem with the one-week deposit rate.
Hungarian Soldiers Told

Hungarian Soldiers Told "Come Out of Barracks to Get Prepared"

As part of Hungary’s revamp of its armed forces, the country will receive 44 new Leopard 2A7 tanks, with the first arriving in June next year, and the first batch of 24 “long awaited” PzH2000 self-propelling guns will arrive before the current year is out, Kristóf Szalay-Bobrovniczky, the defence minister, said at a military ceremony in Tata, in western Hungary, on Monday.
People in Hungary Will Still Be Charged Below Market Rate for Energy

People in Hungary Will Still Be Charged Below Market Rate for Energy

Private individuals will be charged below the actual market prices for their gas and electricity consumption even if it exceeds the average level under which a price cap is applied, the government commissioner in charge of Hungary’s utility price cap scheme said at the Băile Tușnad (Tusnádfürdő) Summer University, in central Romania.
New HUF 400 Billion Investment by Mercedes on Hungarian Plant

New HUF 400 Billion Investment by Mercedes on Hungarian Plant

Mercedes-Benz will spend 400 billion forints (EUR 1 bn) to add new production lines to its plant in Kecskemét, in central Hungary, Péter Szijjártó, the minister of foreign affairs and trade, announced.
KATA Tax Misused by Companies, Says Orbán

KATA Tax Misused by Companies, Says Orbán

Regarding the itemised tax for small businesses (kata), changes to which have triggered protests in Budapest this week, Orbán said the tax was originally created to offer a simple and easy-to-handle tax for small businesses providing for private customers.
Forint Strengthens After New Base Rate Hike Up to 9.75%

Forint Strengthens After New Base Rate Hike Up to 9.75%

The forint strengthened to around 410.30 to the euro shortly after the central bank raised the base rate by 200 basis points on Tuesday.
Budapest Assembly Votes to Take Out HUF 32 Billion Loan

Budapest Assembly Votes to Take Out HUF 32 Billion Loan

The Budapest Assembly on Wednesday voted to take out a 32 billion forint (EUR 80.1m) development loan.