37 result(s) for economic relief
Hungary’s President Outlines Tasks Needed To Tackle Migrant Crisis
- 8 Oct 2015 9:00 AM
- current affairs
President János Áder and his Croatian counterpart, Kolinda Grabar-Kitarović, agreed that the migrant crisis is a humanitarian, criminal and security issue, and outlined the short, medium and long-term tasks required for handling it. The Hungarian president said short-term tasks in managing the crisis must include border protection, ensuring checks of all migrants entering any EU member state and ...
Hungary: Ideal Gateway For West-Bound Asylum-Seekers
- 9 Mar 2015 8:00 AM
- current affairs
By mid-February 2015 more asylum-seekers had entered Hungary than the whole of the European Union by late March 2014. Where are they coming from? Of all the countries of the European Union, why are they converging on Hungary? Why is this country a prime destination for Kosovars? Why is the ostensibly impenetrable Schengen frontier full of holes?
Xpat Opinion: Stop Using Taxes As A Weapon
- 20 Feb 2015 8:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: It is generally understood that tax cuts are good for business, and can actually increase government revenue by encouraging private-sector activity, which in turn generates more taxable revenue.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
Hungary’s Forint Sharply Down On Interbank Market
- 30 Jul 2014 9:00 AM
- business
The forint was trading at 310.79 to the euro late Tuesday on the interbank forex market, down from 308.98 late Monday. At 308.96 to the euro early Tuesday, the forint moved between 308.77 and 311.31, a ten-day low. The Hungarian currency sank back to levels before the decision of the National Bank of Hungary (NBH) a week ago to stop its easing cycle.
EC Report On Hungary’s Economy Confirms Govt Prognosis
- 6 May 2014 9:00 AM
- business
The EC’s spring forecast includes similar figures as the macro-economic prognosis in Hungary’s convergence plan, which shows that the Hungarian government’s projections were reliable and credible, the economy ministry said, commenting on today’s release of the commission’s report on the country’s economy. The EC’s economic growth projections of 2.3% this year and 2.1% next year are identical to ...
Domestic Consumption Growth At An Eight-Year Record High In Hungary
- 1 Apr 2014 9:00 AM
- shopping
Domestic consumption growth hit an eight-year record high in January, Minister of State for Economic Regulation Kristóf Szatmáry said at a press conference in District XVI of Budapest.
Budget 2014: Inflation Projected At 2.4% And Budget Deficit At 2.9% In Hungary
- 23 Sep 2013 1:00 AM
- business
The Ministry for National Economy drafted next year’s budget with a deficit of 2.9 percent and an inflation rate of 2.4 percent, Minister Mihály Varga stated on Sunday. The Minister also disclosed that the Ministry calculated the 2014 Budget without revenues from the advertisement tax and the below 3 percent deficit target will be attainable even without that. “I anticipate only slight ...
Xpat Opinion: A Relief Scheme For FX Loan Holders Is A Political Trap For Fidesz In Hungary
- 11 Sep 2013 9:00 AM
- current affairs
The problem of the foreing currency mortgage holders has come into the focus of public interest and as a result, into the focus of politics as well. The government has been looking for the narrow path where they are able to intervene both politically and economically. Policy Agenda has examined the problem of how Fidesz can find a solution for the question if the party wants to make political ...
Hungary’s President Outlines Tasks Needed To Tackle Migrant Crisis
- 8 Oct 2015 9:00 AM
- current affairs
President János Áder and his Croatian counterpart, Kolinda Grabar-Kitarović, agreed that the migrant crisis is a humanitarian, criminal and security issue, and outlined the short, medium and long-term tasks required for handling it. The Hungarian president said short-term tasks in managing the crisis must include border protection, ensuring checks of all migrants entering any EU member state and ...
Hungary: Ideal Gateway For West-Bound Asylum-Seekers
- 9 Mar 2015 8:00 AM
- current affairs
By mid-February 2015 more asylum-seekers had entered Hungary than the whole of the European Union by late March 2014. Where are they coming from? Of all the countries of the European Union, why are they converging on Hungary? Why is this country a prime destination for Kosovars? Why is the ostensibly impenetrable Schengen frontier full of holes?
Xpat Opinion: Stop Using Taxes As A Weapon
- 20 Feb 2015 8:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: It is generally understood that tax cuts are good for business, and can actually increase government revenue by encouraging private-sector activity, which in turn generates more taxable revenue.
Hungary’s Banking Sector Reports Enormous Q2 Losses
- 25 Aug 2014 4:00 AM
- business
Hungary’s banking sector reported enormous losses totaling HUF 361 billion (USD 1.57 billion) in Q2 2014 according to data released by the Hungarian National Bank (MNB) on Friday. This was mainly due to massive provisions against losses to cover the costs of refunding clients for past charges resulting from the currency spread and higher interest rates approved without the client’s consent.
Hungary’s Forint Sharply Down On Interbank Market
- 30 Jul 2014 9:00 AM
- business
The forint was trading at 310.79 to the euro late Tuesday on the interbank forex market, down from 308.98 late Monday. At 308.96 to the euro early Tuesday, the forint moved between 308.77 and 311.31, a ten-day low. The Hungarian currency sank back to levels before the decision of the National Bank of Hungary (NBH) a week ago to stop its easing cycle.
EC Report On Hungary’s Economy Confirms Govt Prognosis
- 6 May 2014 9:00 AM
- business
The EC’s spring forecast includes similar figures as the macro-economic prognosis in Hungary’s convergence plan, which shows that the Hungarian government’s projections were reliable and credible, the economy ministry said, commenting on today’s release of the commission’s report on the country’s economy. The EC’s economic growth projections of 2.3% this year and 2.1% next year are identical to ...
Domestic Consumption Growth At An Eight-Year Record High In Hungary
- 1 Apr 2014 9:00 AM
- shopping
Domestic consumption growth hit an eight-year record high in January, Minister of State for Economic Regulation Kristóf Szatmáry said at a press conference in District XVI of Budapest.
Budget 2014: Inflation Projected At 2.4% And Budget Deficit At 2.9% In Hungary
- 23 Sep 2013 1:00 AM
- business
The Ministry for National Economy drafted next year’s budget with a deficit of 2.9 percent and an inflation rate of 2.4 percent, Minister Mihály Varga stated on Sunday. The Minister also disclosed that the Ministry calculated the 2014 Budget without revenues from the advertisement tax and the below 3 percent deficit target will be attainable even without that. “I anticipate only slight ...
Xpat Opinion: A Relief Scheme For FX Loan Holders Is A Political Trap For Fidesz In Hungary
- 11 Sep 2013 9:00 AM
- current affairs
The problem of the foreing currency mortgage holders has come into the focus of public interest and as a result, into the focus of politics as well. The government has been looking for the narrow path where they are able to intervene both politically and economically. Policy Agenda has examined the problem of how Fidesz can find a solution for the question if the party wants to make political ...