1,964 result(s) for eu economy
More Than 50,000 Jobs Added In Hungary
- 5 Jan 2016 3:00 AM
- business
Commenting on the jobs data, ING Bank chief analyst András Balatoni said the more than 50,000 jobs added on the primary labour market showed the spill-over effect of economic growth. Takarékbank analyst Gergely Suppan said the latest gauges of business confidence suggest employment could rise further in future. Erste analyst Gergely Ürmössy said the unemployment rate is better than earlier ...
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.
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
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.
Luxury Summit, Budapest, 2016
- 29 Dec 2015 8:00 AM
- business
Luxury business has an essential and crucial role in defining today’s economy and lifestyle markets. Focusing on the Central and Eastern European region is becoming ever more important since it is widely considered one of the new emerging markets for luxury goods.
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 ...
Hungarian Govt, Unions, Employers Reach Deal On Minimum Wages
- 23 Dec 2015 8:00 AM
- current affairs
The economy ministry reached an agreement with three employer associations and two trade unions on the monthly minimum wages for skilled and unskilled workers, state secretary Péter Cseresznyés said. Under the agreement, the monthly minimum wage for unskilled workers next year will rise to gross 111,000 forints (EUR 353.6) and skilled workers will get 129,000 forints (EUR 411).
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 ...
Hungary To Gain Economic Influence From Paris Climate Deal
- 17 Dec 2015 3:00 AM
- current affairs
The outcome of the Paris climate conference could be positive for Hungary’s economy, the deputy state secretary in charge of green economy and climate policy said. Hungary’s competitiveness and economic influence could grow as a result of the deal, Martina Makai said at a roundtable discussion after returning from the Paris conference which concluded on Dec. 12.
More Than 50,000 Jobs Added In Hungary
- 5 Jan 2016 3:00 AM
- business
Commenting on the jobs data, ING Bank chief analyst András Balatoni said the more than 50,000 jobs added on the primary labour market showed the spill-over effect of economic growth. Takarékbank analyst Gergely Suppan said the latest gauges of business confidence suggest employment could rise further in future. Erste analyst Gergely Ürmössy said the unemployment rate is better than earlier ...
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.
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
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.
Luxury Summit, Budapest, 2016
- 29 Dec 2015 8:00 AM
- business
Luxury business has an essential and crucial role in defining today’s economy and lifestyle markets. Focusing on the Central and Eastern European region is becoming ever more important since it is widely considered one of the new emerging markets for luxury goods.
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 ...
Hungarian Govt, Unions, Employers Reach Deal On Minimum Wages
- 23 Dec 2015 8:00 AM
- current affairs
The economy ministry reached an agreement with three employer associations and two trade unions on the monthly minimum wages for skilled and unskilled workers, state secretary Péter Cseresznyés said. Under the agreement, the monthly minimum wage for unskilled workers next year will rise to gross 111,000 forints (EUR 353.6) and skilled workers will get 129,000 forints (EUR 411).
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 ...
Hungary To Gain Economic Influence From Paris Climate Deal
- 17 Dec 2015 3:00 AM
- current affairs
The outcome of the Paris climate conference could be positive for Hungary’s economy, the deputy state secretary in charge of green economy and climate policy said. Hungary’s competitiveness and economic influence could grow as a result of the deal, Martina Makai said at a roundtable discussion after returning from the Paris conference which concluded on Dec. 12.