184 result(s) for eu commission in Business
Hungary’s Ad Tax Exemption Threshold Still Too High For Brussels
- 19 May 2015 9:00 AM
- business
The European Commission believes the proposed 100 million forints (EUR 325,000) exemption threshold for the advertising tax is still too high. The government is in talks with Brussels on the matter, Economy Minister Mihály Varga told commercial television ATV. The government has proposed making the ad tax rate a flat 5.3%, but allowing an exemption on a tax base up to 100 million forints.
Hungary’s Employment Trends “Improving”
- 8 May 2015 9:00 AM
- business
Hungary’s employment figures have improved substantially since the second half of 2013, the state secretary in charge of employment said, commenting on the European Commission’s latest report on Hungary. According to fresh data, 66,000 new jobs have been created and the jobless rate stands around 7-8% now for more than six consecutive months, Sándor Czomba told public news channel M1.
Industry Associations In Hungary Call For Further Consultations On Ad Tax
- 7 May 2015 9:00 AM
- business
Industry associations continue to call for consultations on the tax on advertisements, asking the government to consider abolishing the tax due to its detrimental effect on the economy, the Hungarian Advertising Association said. In consent with another nine organisations, the association said the planned amendment to the ad tax would curb growth opportunities for micro- and small businesses and ...
Varga Discusses IMF, EC Hungary Country Reports
- 20 Apr 2015 9:00 AM
- business
At talks in Washington, DC, Economy Minister Mihály Varga discussed Hungary’s country reports by the International Monetary Fund (IMF) and the European Commission, and Hungary’s potential involvement in the World Bank Group’s development schemes. Varga attended the 2015 Spring Meetings of the World Bank Group and the IMF.
EU Suspends Payment Of USD 2.6 Billion Of Development Funds To Hungary
- 16 Apr 2015 11:50 AM
- business
The European Union is suspending EU transfers to Hungary which are connected to the economic development operative programs. The projects at the source of the program have already been completed and their contractors have been paid. The suspension of funds affects roughly HUF 700 billion (USD 2.6 billion) in EU development funds. Hungary’s government estimates it will have to pay back around 10 ...
Mihály Varga: High Time For A Credit Rating Upgrade
- 23 Mar 2015 8:00 AM
- business
The country’s situation warrants an upgrade by credit rating agencies, as over the past years Hungary’s current account has posted massive surpluses, general government budget deficit has been below 3 percent for years, economic growth has been picking up and employment shows steady improvement, Minister for National Economy Mihály Varga said at the Hungarian Business Leaders Forum held in ...
Hungary Commissions Impact Studies For EU - US Free Trade Talks
- 6 Mar 2015 8:00 AM
- business
Hungary’s National Sustainable Development Council will commission economic and legal impact studies in connection with the EU-US free trade talks, parliament’s speaker László Kövér said. The Council is expected to formulate its own position on the free trade talks based on these expert studies by the autumn and will be prepared in collaboration with Kopint-Tárki research institute and a group of ...
EC Unhappy With Low Tax On Pálinka In Hungary
- 2 Mar 2015 8:00 AM
- business
The European Commission has again launched an infringement procedure regarding Hungary’s excise tax regulation on home-made pálinka. Hungary has not properly complied with the Commission’s ruling of last spring, tax and customs spokeswoman Vanessa Mock told state news agency MTI.
NBH Suspends Operating Licence Of Buda-Cash Bróker Ház
- 25 Feb 2015 8:00 AM
- business
The National Bank of Hungary (NBH) as a supervisory authority has suspended with immediate effect the operating licence of brokerage firm Buda-Cash Brókerház and appointed supervisory commissioners because of suspicious cases that have come to its knowledge, the NBH said, adding that it had also filed a criminal complaint with police over the matter.
Hungary’s Ad Tax Exemption Threshold Still Too High For Brussels
- 19 May 2015 9:00 AM
- business
The European Commission believes the proposed 100 million forints (EUR 325,000) exemption threshold for the advertising tax is still too high. The government is in talks with Brussels on the matter, Economy Minister Mihály Varga told commercial television ATV. The government has proposed making the ad tax rate a flat 5.3%, but allowing an exemption on a tax base up to 100 million forints.
Hungary’s Employment Trends “Improving”
- 8 May 2015 9:00 AM
- business
Hungary’s employment figures have improved substantially since the second half of 2013, the state secretary in charge of employment said, commenting on the European Commission’s latest report on Hungary. According to fresh data, 66,000 new jobs have been created and the jobless rate stands around 7-8% now for more than six consecutive months, Sándor Czomba told public news channel M1.
Industry Associations In Hungary Call For Further Consultations On Ad Tax
- 7 May 2015 9:00 AM
- business
Industry associations continue to call for consultations on the tax on advertisements, asking the government to consider abolishing the tax due to its detrimental effect on the economy, the Hungarian Advertising Association said. In consent with another nine organisations, the association said the planned amendment to the ad tax would curb growth opportunities for micro- and small businesses and ...
Varga Discusses IMF, EC Hungary Country Reports
- 20 Apr 2015 9:00 AM
- business
At talks in Washington, DC, Economy Minister Mihály Varga discussed Hungary’s country reports by the International Monetary Fund (IMF) and the European Commission, and Hungary’s potential involvement in the World Bank Group’s development schemes. Varga attended the 2015 Spring Meetings of the World Bank Group and the IMF.
EU Suspends Payment Of USD 2.6 Billion Of Development Funds To Hungary
- 16 Apr 2015 11:50 AM
- business
The European Union is suspending EU transfers to Hungary which are connected to the economic development operative programs. The projects at the source of the program have already been completed and their contractors have been paid. The suspension of funds affects roughly HUF 700 billion (USD 2.6 billion) in EU development funds. Hungary’s government estimates it will have to pay back around 10 ...
Mihály Varga: High Time For A Credit Rating Upgrade
- 23 Mar 2015 8:00 AM
- business
The country’s situation warrants an upgrade by credit rating agencies, as over the past years Hungary’s current account has posted massive surpluses, general government budget deficit has been below 3 percent for years, economic growth has been picking up and employment shows steady improvement, Minister for National Economy Mihály Varga said at the Hungarian Business Leaders Forum held in ...
Hungary Commissions Impact Studies For EU - US Free Trade Talks
- 6 Mar 2015 8:00 AM
- business
Hungary’s National Sustainable Development Council will commission economic and legal impact studies in connection with the EU-US free trade talks, parliament’s speaker László Kövér said. The Council is expected to formulate its own position on the free trade talks based on these expert studies by the autumn and will be prepared in collaboration with Kopint-Tárki research institute and a group of ...
EC Unhappy With Low Tax On Pálinka In Hungary
- 2 Mar 2015 8:00 AM
- business
The European Commission has again launched an infringement procedure regarding Hungary’s excise tax regulation on home-made pálinka. Hungary has not properly complied with the Commission’s ruling of last spring, tax and customs spokeswoman Vanessa Mock told state news agency MTI.
NBH Suspends Operating Licence Of Buda-Cash Bróker Ház
- 25 Feb 2015 8:00 AM
- business
The National Bank of Hungary (NBH) as a supervisory authority has suspended with immediate effect the operating licence of brokerage firm Buda-Cash Brókerház and appointed supervisory commissioners because of suspicious cases that have come to its knowledge, the NBH said, adding that it had also filed a criminal complaint with police over the matter.