3,147 result(s) for economy
Hungary In Talks With Brussels On More Than HUF 600BN Of Funding
- 8 Dec 2015 4:00 AM
- business
Hungary is still in talks with the European Commission on more than 600 billion forints (EUR 1.92bn) in European Union funding for the 2007- 2013 period, state secretary Péter Benő Banai said. A Monday release by the economy ministry showed Hungary’s cash-flowbased budget deficit, excluding local councils, reached 970.7 billion forints at the end of November or 108.8% of the full-year target.
Tarlós: Budapest May Accept Nationalisation Of Transport Company BKV
- 7 Dec 2015 8:00 AM
- getting around
The city of Budapest is ready to turn cash-strapped transport company BKV over to central government ownership but it will not accede to the nationalisation of the Budapest Transport Centre (BKK), Mayor of Budapest István Tarlós said on Friday. Government office chief János Lázár said on Thursday that if there is no change in BKV’s long-term financing, he would support efforts by the Prime ...
Hungary’s PM: West On The Wane
- 2 Dec 2015 10:00 AM
- current affairs
The era of western dominance in the global economy and the military as well as the “export of democracy” is over, Prime Minister Viktor Orbán told a meeting of the Hungarian Diaspora Council in Budapest. The West is continually losing its influence and “we are right in the middle” of a global reshuffle of power, economy and politics, Orbán said. The focus of the global economy is shifting to ...
Hungary’s Opposition Party Demands Govt Info On Army Weapon Sales To Hunting Shop
- 2 Dec 2015 9:00 AM
- shopping
A hunting shop in Hungary has bought thousands of rocket-propelled weapons from the Hungarian armed forces, the opposition PM party’s spokesman said. Bence Tordai cited defence ministry contracts showing that in 2013 and 2014 the company bought 1,357 air launched rockets, 83 nose guns and 52 airborne rockets from the Hungarian army for 7.5 million forints (EUR 24,000).
Hungary’s Tax Authority Becomes Part Of Economy Ministry
- 2 Dec 2015 9:00 AM
- business
Hungary’s parliament voted to abolish NAV, the tax and customs authority, as an independent body and fold it into a state secretariat operating as part of the economy ministry. The authority will become a two-tiered organisation and the 19 county-level tax and customs units will be merged. The three separate tax and customs units in the capital will also be rolled into one.
City: Hungary Could Return To Investment Grade In 2016
- 1 Dec 2015 8:00 AM
- current affairs
Hungary is set to regain investment grade status next year, and the central bank is likely to embark on a new rate cutting cycle, London-based emerging markets economists said. In a report outlining its revised 2016 forecasts for emerging markets, released to clients in London, Morgan Stanley said that “credit upgrades are overdue” and Hungary will regain its investment grade rating with at least ...
Retail Sector Continues To Record Sales Growth Above The EU Average, September 2015
- 30 Nov 2015 8:00 AM
- shopping
In September 2015, the volume of retail sales grew by 5.1 percent year-on-year, and thus the sector’s positive sales trend has been in place for the 28th consecutive month. In the initial nine months of the year, the volume of sales was up by 5.9 percent year-on-year. These growth figures exceed both the EU and the Euro-zone averages.
Duna House IPO Ends Without Result
- 30 Nov 2015 8:00 AM
- property
Hungarian real estate broker Duna House on Friday announced that its initial public offering was without result, as it failed to sell the minimum number of 180,000 shares by the end of the IPO on Friday, following a suspension, Hungarian news agency MTI reported.
Ministries To Relocate To Budapest Castle District
- 26 Nov 2015 8:00 AM
- current affairs
The government will move the interior and the economy ministries from central Pest to the Castle District on the Buda side, the official Hungarian Gazette reported. The interior ministry will be located on two adjacent buildings in Országház and Úri streets, while the economy ministry will occupy a building near Matthias Church, government office chief János Lázár said at a meeting of ...
Hungary In Talks With Brussels On More Than HUF 600BN Of Funding
- 8 Dec 2015 4:00 AM
- business
Hungary is still in talks with the European Commission on more than 600 billion forints (EUR 1.92bn) in European Union funding for the 2007- 2013 period, state secretary Péter Benő Banai said. A Monday release by the economy ministry showed Hungary’s cash-flowbased budget deficit, excluding local councils, reached 970.7 billion forints at the end of November or 108.8% of the full-year target.
Tarlós: Budapest May Accept Nationalisation Of Transport Company BKV
- 7 Dec 2015 8:00 AM
- getting around
The city of Budapest is ready to turn cash-strapped transport company BKV over to central government ownership but it will not accede to the nationalisation of the Budapest Transport Centre (BKK), Mayor of Budapest István Tarlós said on Friday. Government office chief János Lázár said on Thursday that if there is no change in BKV’s long-term financing, he would support efforts by the Prime ...
Hungary’s PM: West On The Wane
- 2 Dec 2015 10:00 AM
- current affairs
The era of western dominance in the global economy and the military as well as the “export of democracy” is over, Prime Minister Viktor Orbán told a meeting of the Hungarian Diaspora Council in Budapest. The West is continually losing its influence and “we are right in the middle” of a global reshuffle of power, economy and politics, Orbán said. The focus of the global economy is shifting to ...
Hungary’s Opposition Party Demands Govt Info On Army Weapon Sales To Hunting Shop
- 2 Dec 2015 9:00 AM
- shopping
A hunting shop in Hungary has bought thousands of rocket-propelled weapons from the Hungarian armed forces, the opposition PM party’s spokesman said. Bence Tordai cited defence ministry contracts showing that in 2013 and 2014 the company bought 1,357 air launched rockets, 83 nose guns and 52 airborne rockets from the Hungarian army for 7.5 million forints (EUR 24,000).
Hungary’s Tax Authority Becomes Part Of Economy Ministry
- 2 Dec 2015 9:00 AM
- business
Hungary’s parliament voted to abolish NAV, the tax and customs authority, as an independent body and fold it into a state secretariat operating as part of the economy ministry. The authority will become a two-tiered organisation and the 19 county-level tax and customs units will be merged. The three separate tax and customs units in the capital will also be rolled into one.
City: Hungary Could Return To Investment Grade In 2016
- 1 Dec 2015 8:00 AM
- current affairs
Hungary is set to regain investment grade status next year, and the central bank is likely to embark on a new rate cutting cycle, London-based emerging markets economists said. In a report outlining its revised 2016 forecasts for emerging markets, released to clients in London, Morgan Stanley said that “credit upgrades are overdue” and Hungary will regain its investment grade rating with at least ...
Retail Sector Continues To Record Sales Growth Above The EU Average, September 2015
- 30 Nov 2015 8:00 AM
- shopping
In September 2015, the volume of retail sales grew by 5.1 percent year-on-year, and thus the sector’s positive sales trend has been in place for the 28th consecutive month. In the initial nine months of the year, the volume of sales was up by 5.9 percent year-on-year. These growth figures exceed both the EU and the Euro-zone averages.
Duna House IPO Ends Without Result
- 30 Nov 2015 8:00 AM
- property
Hungarian real estate broker Duna House on Friday announced that its initial public offering was without result, as it failed to sell the minimum number of 180,000 shares by the end of the IPO on Friday, following a suspension, Hungarian news agency MTI reported.
Ministries To Relocate To Budapest Castle District
- 26 Nov 2015 8:00 AM
- current affairs
The government will move the interior and the economy ministries from central Pest to the Castle District on the Buda side, the official Hungarian Gazette reported. The interior ministry will be located on two adjacent buildings in Országház and Úri streets, while the economy ministry will occupy a building near Matthias Church, government office chief János Lázár said at a meeting of ...