3,147 result(s) for economy
Hungarian Villagers Resist Plans For Refugee Camps
- 4 Aug 2015 9:00 AM
- current affairs
Residents of Martonfa resisted government plans to build a refugee camp near their Baranya county village by erecting tents and occupying the space. Police checked their papers on Monday afternoon then returned in the evening and warned them that they were trespassing, after which they left.
Hungary Eyes Formula One Contract Extension
- 3 Aug 2015 9:00 AM
- sport
Hungary has long-term plans for its Formula One race, Economy Minister Mihály Varga said ahead of the 30th Hungarian Grand Prix on Sunday. Mihály Varga said it was essential that the Hungaroring undergo occasional upgrades for F1 to keep coming back for years to come. The Hungaroring was therefore upgraded last year, and the Hungarian government would like to continue the work in the long run, ...
Hungarian Tax Agency Employees Suspected Of Smuggling
- 31 Jul 2015 9:00 AM
- current affairs
Tax authority NAV should apply zero tolerance against its employees who break the law, the economy ministry said in a statement. The ministry issued its statement after reports that 18 tax officers are suspected of cigarette smuggling. All members of NAV, an agency which collects 93% of revenues to the central budget, must be irreproachable and fully abide with the law, the statement said.
Changing Hungarian Pensions Could Have “Serious Ramifications”
- 30 Jul 2015 9:00 AM
- business
Giving men the option to retire after 40 years of work could lead to a serious shortage in some professions, Sándor Czomba, state secretary at the economy ministry, said. Czomba told a press conference that in the next few years some 62,000 people would retire from areas where there is already a shortage. This includes 12,000 engineers. For demographic reasons, the number of newcomers will be ...
Interview 4: Diego Massidda, Former CEO, Vodafone Hungary
- 29 Jul 2015 12:00 PM
1. Since we last met Vodafone Hungary abolished roaming charges - how is this working out for customers, and your business? Have other companies followed your lead?
Hungary's MOL Welcomes Croatian Court Ruling
- 29 Jul 2015 9:00 AM
- current affairs
MOL yesterday welcomed the Croatian Constitutional Court’s decision to order a new trial of Ivo Sanader, the former prime minister accused of taking a bribe from MOL. MOL stressed in its statement that it has never been part of the Sanader case. Lower courts convicted Sanader of taking a €10 million bribe from MOL in 2008 in order to allow the Hungarian company to gain a 49% stake and management ...
Low Pay Leaves Hungary’s Tax Office NAV Short Of Staff
- 27 Jul 2015 9:00 AM
- current affairs
The Tax and Customs Office (NAV) is suffering an extremely serious shortage of staff, the weekly Figyelõ reports, referring to a NAV document drawn up for the Economy Ministry. The note states that the equivalent of an entire regional office’s staff left the tax authority in the past year. The decline in personnel is said to due to the low salaries, as NAV employees receive Ft 70,000-160,000 less ...
Hungary’s PM Accepted Tax Chief Resigning For Personal Reasons
- 23 Jul 2015 9:00 AM
- current affairs
Prime Minister Viktor Orbán has accepted the resignation of tax authority (NAV) chief Ildikó Vida due to her family and personal reasons, András Giró-Szász, state secretary for government communications, said. Vida first offered her resignation amid the unfounded US accusations late last year, but at that time the prime minister rejected it, Giró-Szász said.
National Bank Of Hungary’s Cuts Base Rate 15BP
- 22 Jul 2015 9:00 AM
- business
The National Bank of Hungary’s Monetary Council decided at a policy meeting on Tuesday to lower the central bank’s key rate by 15 basis points to 1.35%, maintaining the pace of its easing cycle. The rate-setters made a 15 basis point cut for the fifth month in a row.
Hungarian Villagers Resist Plans For Refugee Camps
- 4 Aug 2015 9:00 AM
- current affairs
Residents of Martonfa resisted government plans to build a refugee camp near their Baranya county village by erecting tents and occupying the space. Police checked their papers on Monday afternoon then returned in the evening and warned them that they were trespassing, after which they left.
Hungary Eyes Formula One Contract Extension
- 3 Aug 2015 9:00 AM
- sport
Hungary has long-term plans for its Formula One race, Economy Minister Mihály Varga said ahead of the 30th Hungarian Grand Prix on Sunday. Mihály Varga said it was essential that the Hungaroring undergo occasional upgrades for F1 to keep coming back for years to come. The Hungaroring was therefore upgraded last year, and the Hungarian government would like to continue the work in the long run, ...
Hungarian Tax Agency Employees Suspected Of Smuggling
- 31 Jul 2015 9:00 AM
- current affairs
Tax authority NAV should apply zero tolerance against its employees who break the law, the economy ministry said in a statement. The ministry issued its statement after reports that 18 tax officers are suspected of cigarette smuggling. All members of NAV, an agency which collects 93% of revenues to the central budget, must be irreproachable and fully abide with the law, the statement said.
Changing Hungarian Pensions Could Have “Serious Ramifications”
- 30 Jul 2015 9:00 AM
- business
Giving men the option to retire after 40 years of work could lead to a serious shortage in some professions, Sándor Czomba, state secretary at the economy ministry, said. Czomba told a press conference that in the next few years some 62,000 people would retire from areas where there is already a shortage. This includes 12,000 engineers. For demographic reasons, the number of newcomers will be ...
Interview 4: Diego Massidda, Former CEO, Vodafone Hungary
- 29 Jul 2015 12:00 PM
1. Since we last met Vodafone Hungary abolished roaming charges - how is this working out for customers, and your business? Have other companies followed your lead?
Hungary's MOL Welcomes Croatian Court Ruling
- 29 Jul 2015 9:00 AM
- current affairs
MOL yesterday welcomed the Croatian Constitutional Court’s decision to order a new trial of Ivo Sanader, the former prime minister accused of taking a bribe from MOL. MOL stressed in its statement that it has never been part of the Sanader case. Lower courts convicted Sanader of taking a €10 million bribe from MOL in 2008 in order to allow the Hungarian company to gain a 49% stake and management ...
Low Pay Leaves Hungary’s Tax Office NAV Short Of Staff
- 27 Jul 2015 9:00 AM
- current affairs
The Tax and Customs Office (NAV) is suffering an extremely serious shortage of staff, the weekly Figyelõ reports, referring to a NAV document drawn up for the Economy Ministry. The note states that the equivalent of an entire regional office’s staff left the tax authority in the past year. The decline in personnel is said to due to the low salaries, as NAV employees receive Ft 70,000-160,000 less ...
Hungary’s PM Accepted Tax Chief Resigning For Personal Reasons
- 23 Jul 2015 9:00 AM
- current affairs
Prime Minister Viktor Orbán has accepted the resignation of tax authority (NAV) chief Ildikó Vida due to her family and personal reasons, András Giró-Szász, state secretary for government communications, said. Vida first offered her resignation amid the unfounded US accusations late last year, but at that time the prime minister rejected it, Giró-Szász said.
National Bank Of Hungary’s Cuts Base Rate 15BP
- 22 Jul 2015 9:00 AM
- business
The National Bank of Hungary’s Monetary Council decided at a policy meeting on Tuesday to lower the central bank’s key rate by 15 basis points to 1.35%, maintaining the pace of its easing cycle. The rate-setters made a 15 basis point cut for the fifth month in a row.