3,147 result(s) for economy
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Govt Supports Separation Of Budapest From Pest County
- 31 Dec 2015 8:00 AM
- getting around
Hungary’s government agrees with separating Budapest from Pest County and has ordered the economy minister to work with the head of the Central Statistical Office on submitting a proposal to the European Commission and Eurostat on changing the NUTS classification of the Central Hungary region, a government resolution published in Tuesday’s official gazette Magyar Közlöny shows.
Luxury Summit, Budapest, 2016
- 29 Dec 2015 8:00 AM
- business
Luxury business has an essential and crucial role in defining today’s economy and lifestyle markets. Focusing on the Central and Eastern European region is becoming ever more important since it is widely considered one of the new emerging markets for luxury goods.
Agglomeration Services Remain Budapest Transport Centre’s Duty Until 2022
- 28 Dec 2015 9:00 AM
- property
The municipality of Budapest is not obliged to provide agglomeration transport services but it is the Budapest transport centre BKK’s duty to organise it until 2022, daily Magyar Idők said on Thursday citing the economy ministry. The financing of Budapest transport company BKV services beyond the city limits will be negotiated between the municipalities of Budapest and Pest County, with the ...
Two Thirds Of Hungarian Internet Users Have Smartphones
- 28 Dec 2015 9:00 AM
- tech
Smartphones and mobile net access have conquered adult Hungarian Internet users. As many as 3.3 million people, i.e. two thirds of all Internet users, have smartphones now, and two million of them use mobile net as well. This means that they are accessible online any time, wherever they are; also, they have constant access to the world-wide web. Demand for mobile Internet – and fast 4G ...
Hungary’s Monetary Council Assesses Economic Trends, Prospects
- 24 Dec 2015 8:00 AM
- business
Hungary’s economic growth continued but a degree of unused capacity remained in the economy, and the domestic real economic environment continued to have a disinflationary impact, the Monetary Council of the National Bank of Hungary (NBH) concluded in its December 15 policy meeting. According to the condensed minutes of the meeting released on Wednesday, the members unanimously voted to keep the ...
Hungary’s PM: Considerations Of Common Sense Have Been Removed From European Politics
- 23 Dec 2015 8:00 AM
- current affairs
In an interview with Czech daily Lidové Noviny published on Saturday, Prime Minister Viktor Orbán said that “considerations of common sense” have been removed from European politics for some time now. The Prime Minister explained that “the European political elite is sitting in a closed, ideological shell, which means it has hardly any connection to reality”. The migration crisis “demonstrates ...
Hungarian Govt, Unions, Employers Reach Deal On Minimum Wages
- 23 Dec 2015 8:00 AM
- current affairs
The economy ministry reached an agreement with three employer associations and two trade unions on the monthly minimum wages for skilled and unskilled workers, state secretary Péter Cseresznyés said. Under the agreement, the monthly minimum wage for unskilled workers next year will rise to gross 111,000 forints (EUR 353.6) and skilled workers will get 129,000 forints (EUR 411).
Hungary Not At Risk, Says EBRD
- 21 Dec 2015 8:00 AM
- business
The European Bank for Reconstruction and Development has said that there is no risk in connection with Hungary as far as the bank is concerned, the daily Magyar Hírlap said. The bank has so far invested 2.7 billion euros in 170 projects in the country, Antal Nikoletti, member of the board representing Hungary at the London-based credit institution, noted. EBRD investments in Hungary are expected ...
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Govt Supports Separation Of Budapest From Pest County
- 31 Dec 2015 8:00 AM
- getting around
Hungary’s government agrees with separating Budapest from Pest County and has ordered the economy minister to work with the head of the Central Statistical Office on submitting a proposal to the European Commission and Eurostat on changing the NUTS classification of the Central Hungary region, a government resolution published in Tuesday’s official gazette Magyar Közlöny shows.
Luxury Summit, Budapest, 2016
- 29 Dec 2015 8:00 AM
- business
Luxury business has an essential and crucial role in defining today’s economy and lifestyle markets. Focusing on the Central and Eastern European region is becoming ever more important since it is widely considered one of the new emerging markets for luxury goods.
Agglomeration Services Remain Budapest Transport Centre’s Duty Until 2022
- 28 Dec 2015 9:00 AM
- property
The municipality of Budapest is not obliged to provide agglomeration transport services but it is the Budapest transport centre BKK’s duty to organise it until 2022, daily Magyar Idők said on Thursday citing the economy ministry. The financing of Budapest transport company BKV services beyond the city limits will be negotiated between the municipalities of Budapest and Pest County, with the ...
Two Thirds Of Hungarian Internet Users Have Smartphones
- 28 Dec 2015 9:00 AM
- tech
Smartphones and mobile net access have conquered adult Hungarian Internet users. As many as 3.3 million people, i.e. two thirds of all Internet users, have smartphones now, and two million of them use mobile net as well. This means that they are accessible online any time, wherever they are; also, they have constant access to the world-wide web. Demand for mobile Internet – and fast 4G ...
Hungary’s Monetary Council Assesses Economic Trends, Prospects
- 24 Dec 2015 8:00 AM
- business
Hungary’s economic growth continued but a degree of unused capacity remained in the economy, and the domestic real economic environment continued to have a disinflationary impact, the Monetary Council of the National Bank of Hungary (NBH) concluded in its December 15 policy meeting. According to the condensed minutes of the meeting released on Wednesday, the members unanimously voted to keep the ...
Hungary’s PM: Considerations Of Common Sense Have Been Removed From European Politics
- 23 Dec 2015 8:00 AM
- current affairs
In an interview with Czech daily Lidové Noviny published on Saturday, Prime Minister Viktor Orbán said that “considerations of common sense” have been removed from European politics for some time now. The Prime Minister explained that “the European political elite is sitting in a closed, ideological shell, which means it has hardly any connection to reality”. The migration crisis “demonstrates ...
Hungarian Govt, Unions, Employers Reach Deal On Minimum Wages
- 23 Dec 2015 8:00 AM
- current affairs
The economy ministry reached an agreement with three employer associations and two trade unions on the monthly minimum wages for skilled and unskilled workers, state secretary Péter Cseresznyés said. Under the agreement, the monthly minimum wage for unskilled workers next year will rise to gross 111,000 forints (EUR 353.6) and skilled workers will get 129,000 forints (EUR 411).
Hungary Not At Risk, Says EBRD
- 21 Dec 2015 8:00 AM
- business
The European Bank for Reconstruction and Development has said that there is no risk in connection with Hungary as far as the bank is concerned, the daily Magyar Hírlap said. The bank has so far invested 2.7 billion euros in 170 projects in the country, Antal Nikoletti, member of the board representing Hungary at the London-based credit institution, noted. EBRD investments in Hungary are expected ...