212 result(s) for economic policy in Business
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.
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.
Unveiling Of A 20.6 Million Euros Investment In Hungary By Japan’s SIIX Corporation
- 18 Nov 2016 8:00 AM
- business
From Jan. 1, Hungary’s state investment-promotion system will be overhauled so that budget support for investments is funnelled to companies not only on the basis of how many jobs they create but also taking into account their technological standards and value-added, the foreign affairs and trade minister said.
EC Revises 2016 Hungary GDP Growth Forecast Downwards To 2.1%
- 10 Nov 2016 8:00 AM
- business
Hungary’s economy, adjusted for inflation, is expected to grow by 2.1 % this year, the European Commission said in its autumn economic forecast released on Wednesday. The commission revised its estimate downwards from its spring forecast of 2.5%.
Matolcsy: National Bank of Hungary To Maintain Low Base Rate
- 9 Nov 2016 8:00 AM
- business
The National Bank of Hungary is likely to keep its base rate unchanged at 0.90 % even if other central banks start tightening, the bank’s governor György Matolcsy said in an interview to business daily Világgazdaság.
Fiscal Council: Return To Investment Grade Expands Room For Manoeuvre
- 8 Nov 2016 8:00 AM
- business
Moody’s decision to return Hungary to investment grade will expand room for financial manoeuvre and bring new capital to Hungary, head of the Fiscal Council Árpád Kovács told daily Magyar Hírlap. Moody’s bumped Hungary back into investment grade late on Friday, the last of the big three ratings agencies to do so. Kovács said the decision was also in recognition of Hungary’s economic policy.
Varga: Moody’s Upgrade To Open ‘New Chapter’
- 7 Nov 2016 8:00 AM
- business
The upgrade of Hungary’s sovereign rating by Moody’s means that all three big ratings agencies have Hungary in investment grade and this could open a “new chapter” in efforts to reduce the country’s public debt, Economy Minister Mihály Varga said.
Xpat Opinion: Fears Over Russian Economic Expansion Dismissed
- 2 Nov 2016 8:00 AM
- business
An economist rejects the claims of a recent CSIS report, according to which Russia has been restoring its economic and political leverage in Central and Eastern Europe.
Orbán: Govt Seeks Economic Agreements To Boost Competitiveness
- 14 Oct 2016 9:04 AM
- business
The government wants to create agreements with economic players in the interest of competitiveness, Prime Minister Viktor Orbán said in his regular interview to public radio. Hungary is a private economy, so the government can only improve competitiveness in agreement with economic players, Orbán said.
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.
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.
Unveiling Of A 20.6 Million Euros Investment In Hungary By Japan’s SIIX Corporation
- 18 Nov 2016 8:00 AM
- business
From Jan. 1, Hungary’s state investment-promotion system will be overhauled so that budget support for investments is funnelled to companies not only on the basis of how many jobs they create but also taking into account their technological standards and value-added, the foreign affairs and trade minister said.
EC Revises 2016 Hungary GDP Growth Forecast Downwards To 2.1%
- 10 Nov 2016 8:00 AM
- business
Hungary’s economy, adjusted for inflation, is expected to grow by 2.1 % this year, the European Commission said in its autumn economic forecast released on Wednesday. The commission revised its estimate downwards from its spring forecast of 2.5%.
Matolcsy: National Bank of Hungary To Maintain Low Base Rate
- 9 Nov 2016 8:00 AM
- business
The National Bank of Hungary is likely to keep its base rate unchanged at 0.90 % even if other central banks start tightening, the bank’s governor György Matolcsy said in an interview to business daily Világgazdaság.
Fiscal Council: Return To Investment Grade Expands Room For Manoeuvre
- 8 Nov 2016 8:00 AM
- business
Moody’s decision to return Hungary to investment grade will expand room for financial manoeuvre and bring new capital to Hungary, head of the Fiscal Council Árpád Kovács told daily Magyar Hírlap. Moody’s bumped Hungary back into investment grade late on Friday, the last of the big three ratings agencies to do so. Kovács said the decision was also in recognition of Hungary’s economic policy.
Varga: Moody’s Upgrade To Open ‘New Chapter’
- 7 Nov 2016 8:00 AM
- business
The upgrade of Hungary’s sovereign rating by Moody’s means that all three big ratings agencies have Hungary in investment grade and this could open a “new chapter” in efforts to reduce the country’s public debt, Economy Minister Mihály Varga said.
Xpat Opinion: Fears Over Russian Economic Expansion Dismissed
- 2 Nov 2016 8:00 AM
- business
An economist rejects the claims of a recent CSIS report, according to which Russia has been restoring its economic and political leverage in Central and Eastern Europe.
Orbán: Govt Seeks Economic Agreements To Boost Competitiveness
- 14 Oct 2016 9:04 AM
- business
The government wants to create agreements with economic players in the interest of competitiveness, Prime Minister Viktor Orbán said in his regular interview to public radio. Hungary is a private economy, so the government can only improve competitiveness in agreement with economic players, Orbán said.