617 result(s) for forint rate
Varga: Govt Aims For Lower VAT, But “Now Is Not The Time”
- 22 Apr 2016 9:00 AM
- business
Hungary’s government aims to reduce the 27% general value-added tax rate in the long term, though “now is not the time” for a cut, Economy Minister Mihály Varga said in an interview in the fresh issue of business weekly Figyelő. “It would be nice if the VAT rate could be reduced and the top rate brought to 25% or lower. This is in line with the cabinet’s long-term intentions, but now is not the ...
Internet VAT Rate Cut Would Reduce Budget Revenue HUF 12-13BN
- 12 Apr 2016 9:00 AM
- tech
A reduction in the VAT rate on internet service from 27% to 18% will reduce budget revenue by an annual 12-13 billion forints (EUR 38-42m), business daily Világgazdaság said, quoting calculations by the economy ministry. The government recently announced plans to cut the VAT rate on internet service to 18% following a national consultation.
Xpat Opinion: Brussels Suspends Social Infrastructure Fund Payments
- 30 Mar 2016 9:00 AM
- business
As the European Commission decides to withhold structural funds, a left-wing commentator fears that Hungarian taxpayers will have to pay billions of Forints if the projects are rejected by the EU.
NBH Deputy Governor: Bank To Continue Easing Cycle
- 24 Mar 2016 8:00 AM
- business
Hungary’s central bank (NBH) will cut the base rate until it reaches a rate that is consistent with its inflation target, NBH deputy governor Márton Nagy told journalists. The bank wants to keep rate the key rate low for a sustained period, he said. The NBH’s inflation target is 3% in a +/-1 percentage-point tolerance band.
Half A Million Bank Accounts Wound Up Since Transaction Tax Introduced
- 24 Mar 2016 8:00 AM
- business
Over 520,000 retail bank accounts have been wound up since the introduction of the transaction tax in 2013, business daily Világgazdaság reported. Citing National Bank of Hungary data, the paper said that there were 9.32 million private individual bank accounts at the end of last year, the lowest number since the bank started tracking this kind of data in 2010.
NBH Deputy Governor Says Cutting Key Rate This Year Very Likely
- 11 Mar 2016 8:00 AM
- business
It is “very likely” that the central bank will cuts its key rate— currently 1.35%—this year, National Bank of Hungary (NBH) deputy governor Márton Nagy said at a conference of business weekly Figyelő. Nagy said the risk of the NBH missing its CPI target is great under current monetary conditions, Hungary instantly imports low external CPI, inflation expectations have never been this low and risk ...
Analysts: Moody’s Likely To Upgrade Hungary Later
- 4 Mar 2016 8:00 AM
- business
Moody’s could raise Hungary’s sovereign rating to investment grade on Friday, but chances are better the ratings agency will wait till later this year for an upgrade, analysts told MTI. Moody’s is scheduled to make an announcement on a review of Hungary’s “Ba1” sovereign rating, which is one notch under investment grade, after 10pm on Friday, local time.
Ad Spending In Hungary Above Huf 194 Bn In 2015
- 2 Mar 2016 3:00 AM
- current affairs
The total value of ad spending in Hungary in 2015 was 194.37 billion forints (EUR 625m), up 2.81% from 2014, the Hungarian Advertising Association (MRSZ) said. The almost 3% annual growth is a sign of rising activity in the ad market, Zsolt Urbán, the head of MRSZ said, noting that they were not expecting to have a 7.7% annual growth as in 2014.
Central Bank Keeps Base Rate On Hold, As Expected
- 24 Feb 2016 8:00 AM
- business
The National Bank of Hungary’s Monetary Council decided to keep the central bank’s key rate on hold at 1.35% at a policy meeting. The decision was in line with analysts’ expectations. The Council has kept the base rate on hold since signalling an end to an easing cycle at a policy meeting in July 2015.
Varga: Govt Aims For Lower VAT, But “Now Is Not The Time”
- 22 Apr 2016 9:00 AM
- business
Hungary’s government aims to reduce the 27% general value-added tax rate in the long term, though “now is not the time” for a cut, Economy Minister Mihály Varga said in an interview in the fresh issue of business weekly Figyelő. “It would be nice if the VAT rate could be reduced and the top rate brought to 25% or lower. This is in line with the cabinet’s long-term intentions, but now is not the ...
Internet VAT Rate Cut Would Reduce Budget Revenue HUF 12-13BN
- 12 Apr 2016 9:00 AM
- tech
A reduction in the VAT rate on internet service from 27% to 18% will reduce budget revenue by an annual 12-13 billion forints (EUR 38-42m), business daily Világgazdaság said, quoting calculations by the economy ministry. The government recently announced plans to cut the VAT rate on internet service to 18% following a national consultation.
Xpat Opinion: Brussels Suspends Social Infrastructure Fund Payments
- 30 Mar 2016 9:00 AM
- business
As the European Commission decides to withhold structural funds, a left-wing commentator fears that Hungarian taxpayers will have to pay billions of Forints if the projects are rejected by the EU.
NBH Deputy Governor: Bank To Continue Easing Cycle
- 24 Mar 2016 8:00 AM
- business
Hungary’s central bank (NBH) will cut the base rate until it reaches a rate that is consistent with its inflation target, NBH deputy governor Márton Nagy told journalists. The bank wants to keep rate the key rate low for a sustained period, he said. The NBH’s inflation target is 3% in a +/-1 percentage-point tolerance band.
Half A Million Bank Accounts Wound Up Since Transaction Tax Introduced
- 24 Mar 2016 8:00 AM
- business
Over 520,000 retail bank accounts have been wound up since the introduction of the transaction tax in 2013, business daily Világgazdaság reported. Citing National Bank of Hungary data, the paper said that there were 9.32 million private individual bank accounts at the end of last year, the lowest number since the bank started tracking this kind of data in 2010.
NBH Deputy Governor Says Cutting Key Rate This Year Very Likely
- 11 Mar 2016 8:00 AM
- business
It is “very likely” that the central bank will cuts its key rate— currently 1.35%—this year, National Bank of Hungary (NBH) deputy governor Márton Nagy said at a conference of business weekly Figyelő. Nagy said the risk of the NBH missing its CPI target is great under current monetary conditions, Hungary instantly imports low external CPI, inflation expectations have never been this low and risk ...
Analysts: Moody’s Likely To Upgrade Hungary Later
- 4 Mar 2016 8:00 AM
- business
Moody’s could raise Hungary’s sovereign rating to investment grade on Friday, but chances are better the ratings agency will wait till later this year for an upgrade, analysts told MTI. Moody’s is scheduled to make an announcement on a review of Hungary’s “Ba1” sovereign rating, which is one notch under investment grade, after 10pm on Friday, local time.
Ad Spending In Hungary Above Huf 194 Bn In 2015
- 2 Mar 2016 3:00 AM
- current affairs
The total value of ad spending in Hungary in 2015 was 194.37 billion forints (EUR 625m), up 2.81% from 2014, the Hungarian Advertising Association (MRSZ) said. The almost 3% annual growth is a sign of rising activity in the ad market, Zsolt Urbán, the head of MRSZ said, noting that they were not expecting to have a 7.7% annual growth as in 2014.
Central Bank Keeps Base Rate On Hold, As Expected
- 24 Feb 2016 8:00 AM
- business
The National Bank of Hungary’s Monetary Council decided to keep the central bank’s key rate on hold at 1.35% at a policy meeting. The decision was in line with analysts’ expectations. The Council has kept the base rate on hold since signalling an end to an easing cycle at a policy meeting in July 2015.