993 result(s) for economy ministry
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 ...
Hungarian Govt Proposes Reduced Banking Tax From Jan 1
- 12 Dec 2015 8:00 AM
- business
The government has proposed lowering the banking tax as of January 2016 from 0.31% to 0.24%, the economy ministry said. The reduction was proposed based on informal signals from the European Commission and an agreement with the European Bank for Reconstruction and Development (EBRD), the ministry said. The tax’s lower bracket would remain the same, 0.15% up to 50 billion forints.
Climate Summit In Paris: Hungary Has Joined The Global Green Growth Institute
- 11 Dec 2015 8:00 AM
- current affairs
On Tuesday in Paris, Minister of State for Energy András Aradszki Director–General of the Global Green Growth Institute Yvo de Boer concluded a bilateral agreement. Hungary has taken another significant step towards calling a strong climate protection cooperation to life and successfully implementing the new climate convention.
2016 Year Of Tax Simplifications, Cuts In Hungary
- 10 Dec 2015 8:00 AM
- business
Next year will be dedicated to tax simplification and cuts, with the personal income tax dropping from the current 16% to 15%, the economy ministry said. The cut will result in an extra 30,000 forints (EUR 96) left in people’s pockets in 2016. Family tax allowances for families with at least two children will be increased by 25%, leaving an additional 60,000 forints extra with such families.
EBRD Optimistic About Growth In Hungary
- 8 Dec 2015 4:00 AM
- business
The outlook of the European Bank for Reconstruction and Development (EBRD) for GDP growth in Hungary is more optimistic than the market, the bank’s Hungarian board member said in daily Magyar Idők.
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.
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.
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.
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 ...
Hungarian Govt Proposes Reduced Banking Tax From Jan 1
- 12 Dec 2015 8:00 AM
- business
The government has proposed lowering the banking tax as of January 2016 from 0.31% to 0.24%, the economy ministry said. The reduction was proposed based on informal signals from the European Commission and an agreement with the European Bank for Reconstruction and Development (EBRD), the ministry said. The tax’s lower bracket would remain the same, 0.15% up to 50 billion forints.
Climate Summit In Paris: Hungary Has Joined The Global Green Growth Institute
- 11 Dec 2015 8:00 AM
- current affairs
On Tuesday in Paris, Minister of State for Energy András Aradszki Director–General of the Global Green Growth Institute Yvo de Boer concluded a bilateral agreement. Hungary has taken another significant step towards calling a strong climate protection cooperation to life and successfully implementing the new climate convention.
2016 Year Of Tax Simplifications, Cuts In Hungary
- 10 Dec 2015 8:00 AM
- business
Next year will be dedicated to tax simplification and cuts, with the personal income tax dropping from the current 16% to 15%, the economy ministry said. The cut will result in an extra 30,000 forints (EUR 96) left in people’s pockets in 2016. Family tax allowances for families with at least two children will be increased by 25%, leaving an additional 60,000 forints extra with such families.
EBRD Optimistic About Growth In Hungary
- 8 Dec 2015 4:00 AM
- business
The outlook of the European Bank for Reconstruction and Development (EBRD) for GDP growth in Hungary is more optimistic than the market, the bank’s Hungarian board member said in daily Magyar Idők.
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.
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.
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.