1,626 result(s) for economy minister
Mayor: Budapest Agglomeration Public Transport Funded Until Feb 17
- 11 Jan 2016 8:00 AM
- getting around
Public transport services to the agglomeration of Budapest will operate until February 17, when the city’s new municipal budget is scheduled for approval, Mayor of Budapest István Tarlós, said. In talks with Prime Minister Viktor Orbán in December last year it was agreed that Budapest has no obligation to finance transport in the agglomeration area, Tarlós told a press conference.
Hungary To Issue Euro Bond In Jan Or Feb
- 8 Jan 2016 8:00 AM
- business
Hungary will issue a Eurobond in either dollars or euros in January or February, Economy Minister Mihály Varga said in an interview with Bloomberg. “The custom in central and eastern Europe is to finance ourselves as rapidly as possible early in the year so there’s peace and quiet afterwards,” he said. “Because of maturities we obviously need to make a market move in January or February,” he told ...
Xpat Opinion: 2015 – Hungary’s PM Viktor Orbán’s Year
- 5 Jan 2016 8:00 AM
- current affairs
In their assessment of last year’s developments, commentators focus on Prime Minister Orbán’s performance – for better or for worse. They recall that the Prime Minister was identified by more than one international outlet as the ‘man of the year’.
Mandatory Use Of Online Tills For Hairdressers, Cosmeticians In Hungary
- 3 Jan 2016 8:00 AM
- business
Hairdressers and cosmeticians will be exempt of the mandatory use of tills connected directly to the national tax office, but the industry can expect regular tax inspections as before, daily Magyar Idők said on Wednesday. The government made online tills mandatory for retail shops in 2014 to eliminate VAT fraud as part of its efforts to whiten the economy.
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.
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 ...
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 ...
Govt To Finance Electric Buses For Budapest
- 16 Dec 2015 8:00 AM
- getting around
The economy minister signed a financing agreement with Budapest’s public transport company BKV, under which 20 Hungarian-made electric midibuses and the necessary charger technology will be purchased. Addressing the ceremony, Mihály Varga hailed the beginning of a “new era” in the city’s transport, benefiting “the people of Budapest, Hungarian industry and busmaking”.
Hungarian Lawmakers Pass Law On VAT Cut For New Home Building
- 16 Dec 2015 8:00 AM
- property
Lawmakers approved a bill to reduce value added tax (VAT) on new-build homes from 27% to 5% between 2016 and 2019. Submitted by Economy Minister Mihály Varga and cabinet chief Antal Rogán, the law states that a 5% VAT rate applies to homes built between 2016 and 2019, mainly applying to blocks of flats built in housing parks with an area of less than 150 square meters each or to standalone homes ...
Mayor: Budapest Agglomeration Public Transport Funded Until Feb 17
- 11 Jan 2016 8:00 AM
- getting around
Public transport services to the agglomeration of Budapest will operate until February 17, when the city’s new municipal budget is scheduled for approval, Mayor of Budapest István Tarlós, said. In talks with Prime Minister Viktor Orbán in December last year it was agreed that Budapest has no obligation to finance transport in the agglomeration area, Tarlós told a press conference.
Hungary To Issue Euro Bond In Jan Or Feb
- 8 Jan 2016 8:00 AM
- business
Hungary will issue a Eurobond in either dollars or euros in January or February, Economy Minister Mihály Varga said in an interview with Bloomberg. “The custom in central and eastern Europe is to finance ourselves as rapidly as possible early in the year so there’s peace and quiet afterwards,” he said. “Because of maturities we obviously need to make a market move in January or February,” he told ...
Xpat Opinion: 2015 – Hungary’s PM Viktor Orbán’s Year
- 5 Jan 2016 8:00 AM
- current affairs
In their assessment of last year’s developments, commentators focus on Prime Minister Orbán’s performance – for better or for worse. They recall that the Prime Minister was identified by more than one international outlet as the ‘man of the year’.
Mandatory Use Of Online Tills For Hairdressers, Cosmeticians In Hungary
- 3 Jan 2016 8:00 AM
- business
Hairdressers and cosmeticians will be exempt of the mandatory use of tills connected directly to the national tax office, but the industry can expect regular tax inspections as before, daily Magyar Idők said on Wednesday. The government made online tills mandatory for retail shops in 2014 to eliminate VAT fraud as part of its efforts to whiten the economy.
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.
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 ...
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 ...
Govt To Finance Electric Buses For Budapest
- 16 Dec 2015 8:00 AM
- getting around
The economy minister signed a financing agreement with Budapest’s public transport company BKV, under which 20 Hungarian-made electric midibuses and the necessary charger technology will be purchased. Addressing the ceremony, Mihály Varga hailed the beginning of a “new era” in the city’s transport, benefiting “the people of Budapest, Hungarian industry and busmaking”.
Hungarian Lawmakers Pass Law On VAT Cut For New Home Building
- 16 Dec 2015 8:00 AM
- property
Lawmakers approved a bill to reduce value added tax (VAT) on new-build homes from 27% to 5% between 2016 and 2019. Submitted by Economy Minister Mihály Varga and cabinet chief Antal Rogán, the law states that a 5% VAT rate applies to homes built between 2016 and 2019, mainly applying to blocks of flats built in housing parks with an area of less than 150 square meters each or to standalone homes ...