1,079 result(s) for economic growth
Hungary Retail Sales Up By 2.6 Pc In October
- 6 Dec 2016 5:37 AM
- shopping
Retail sales in Hungary climbed 2.6 percent in October from the same month a year earlier, preliminary data released by the Central Statistical Office (KSH) on Monday show. Retail sales rose by an annual 2.6 percent when adjusted for calendar year effects.
Central Europe Can Become Engine Of European Growth
- 30 Nov 2016 7:34 AM
- business
Budapest and Warsaw are in agreement that central Europe can become the engine of European growth, Péter Szijjártó, Hungary’s minister of foreign affairs and trade, said after meeting his Polish counterpart Witold Waszczykowski. He said they had both agreed that Visegrad Group cooperation should be intensified, given changes taking place around the world, such as in US foreign policy and Brexit.
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”.
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.
Opinion: Hungary To Cut Corporate Tax Rate To Lowest In EU
- 24 Nov 2016 2:35 AM
- business
A conservative economist welcomes PM Orbán’s announcement that Hungarian corporate tax is to be cut to the lowest in the EU. A liberal economist, on the other hand, fears that the tax cut will create disparities in the economy.
Fitch Affirms Hungary Rating At ‘BBB -’ With Stable Outlook
- 21 Nov 2016 8:00 AM
- business
Fitch Ratings has affirmed Hungary’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at ‘BBB-’ with a Stable Outlook. Hungary’s ratings reflect the country’s membership in the European Union, strong governance indicators, high GDP per capita and reduced external debt, Fitch said.
CBanker: Hungary Companies Should Transition To Marketbased Financing
- 11 Nov 2016 8:00 AM
- business
Hungarian economic players must learn to transition from state-based financing to market-based financing, NBH deputy-governor Márton Nagy said at a conference organised by the European Bank for Reconstruction and Development (EBRD) in Budapest.
Hungary Retail Sales Up By 2.6 Pc In October
- 6 Dec 2016 5:37 AM
- shopping
Retail sales in Hungary climbed 2.6 percent in October from the same month a year earlier, preliminary data released by the Central Statistical Office (KSH) on Monday show. Retail sales rose by an annual 2.6 percent when adjusted for calendar year effects.
Central Europe Can Become Engine Of European Growth
- 30 Nov 2016 7:34 AM
- business
Budapest and Warsaw are in agreement that central Europe can become the engine of European growth, Péter Szijjártó, Hungary’s minister of foreign affairs and trade, said after meeting his Polish counterpart Witold Waszczykowski. He said they had both agreed that Visegrad Group cooperation should be intensified, given changes taking place around the world, such as in US foreign policy and Brexit.
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”.
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.
Opinion: Hungary To Cut Corporate Tax Rate To Lowest In EU
- 24 Nov 2016 2:35 AM
- business
A conservative economist welcomes PM Orbán’s announcement that Hungarian corporate tax is to be cut to the lowest in the EU. A liberal economist, on the other hand, fears that the tax cut will create disparities in the economy.
Fitch Affirms Hungary Rating At ‘BBB -’ With Stable Outlook
- 21 Nov 2016 8:00 AM
- business
Fitch Ratings has affirmed Hungary’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at ‘BBB-’ with a Stable Outlook. Hungary’s ratings reflect the country’s membership in the European Union, strong governance indicators, high GDP per capita and reduced external debt, Fitch said.
CBanker: Hungary Companies Should Transition To Marketbased Financing
- 11 Nov 2016 8:00 AM
- business
Hungarian economic players must learn to transition from state-based financing to market-based financing, NBH deputy-governor Márton Nagy said at a conference organised by the European Bank for Reconstruction and Development (EBRD) in Budapest.