1,964 result(s) for eu economy
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 ...
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.
Hungary’s Foreign Minister: EU Policies ‘Ritual Suicide’
- 10 Dec 2015 8:00 AM
- current affairs
It has become clear over the past year that Europe is incapable of giving the right responses to its challenges, since its policies have been “the policies of ritual suicide”, Foreign Minister Péter Szijjártó said in his annual hearing before parliament’s foreign affairs committee. Europe’s policies over the course of the year have been “eye-catching but harmful”, endangering the security and ...
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 PM: West On The Wane
- 2 Dec 2015 10:00 AM
- current affairs
The era of western dominance in the global economy and the military as well as the “export of democracy” is over, Prime Minister Viktor Orbán told a meeting of the Hungarian Diaspora Council in Budapest. The West is continually losing its influence and “we are right in the middle” of a global reshuffle of power, economy and politics, Orbán said. The focus of the global economy is shifting to ...
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).
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 ...
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.
Hungary’s Foreign Minister: EU Policies ‘Ritual Suicide’
- 10 Dec 2015 8:00 AM
- current affairs
It has become clear over the past year that Europe is incapable of giving the right responses to its challenges, since its policies have been “the policies of ritual suicide”, Foreign Minister Péter Szijjártó said in his annual hearing before parliament’s foreign affairs committee. Europe’s policies over the course of the year have been “eye-catching but harmful”, endangering the security and ...
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 PM: West On The Wane
- 2 Dec 2015 10:00 AM
- current affairs
The era of western dominance in the global economy and the military as well as the “export of democracy” is over, Prime Minister Viktor Orbán told a meeting of the Hungarian Diaspora Council in Budapest. The West is continually losing its influence and “we are right in the middle” of a global reshuffle of power, economy and politics, Orbán said. The focus of the global economy is shifting to ...
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).