51 result(s) for funding cuts
Varga: Hungary To Rely More On Domestic Funding
- 22 Jul 2016 9:00 AM
- business
Hungary will in future rely more on domestic resources in stimulating economic growth over external and EU funding, the economy minister said in Băile Tuşnad (Tusnádfürdő), in central Romania. Mihály Varga noted subsidies the Hungarian government had adopted to support industry development, households and home building.
Orbán: Economy Has Sufficient Resources For Modern Education System
- 20 May 2016 9:00 AM
- current affairs
The Hungarian economy has the funding necessary for a predictable and reliable educational system that offers up-to-date knowledge, Prime Minister Viktor Orbán said. The budget amendment this year is necessary following the deal struck with teachers, he said in his regular interview to public radio.
City Council Cuts Budapest Festival Orchestra Funding By HUF 200 M
- 28 Apr 2016 9:00 AM
- community & culture
The Budapest general assembly voted to cut funding for the internationally celebrated Budapest Festival Orchestra from last year’s 260 million forints (EUR 840,000) to 60 million forints. Budapest Deputy Mayor Alexandra Szalay- Bobrovniczky said in the debate on the orchestra’s funding that it receives a significant amount of state support alongside the money it gets from the city.
Budapest Budget Plans Approved
- 18 Feb 2016 8:00 AM
- business
The Budapest assembly passed the budget proposed by the municipality leadership. The budget plans for revenue of 228.86 billion forints (EUR 738m) and spending of 313.5 billion with a shortfall of 85.4 billion. Gábor Bagdy, deputy mayor in change of finances, said the municipality is managing the finances in straitened times but the budget will provide the capital required for the city’s ...
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 ...
EC: Hungary On Track For Deficit Target, Not On Debt
- 3 Dec 2014 8:00 AM
- business
The European Commission said Hungary is “on track” to achieving this year’s deficit target of 2.9% of gross domestic product (GDP), but added that state debt is “not yet on a firm downward path” in a memo following a postprogramme surveillance mission to the country. The EC said that the projected pace of debt reduction “appears at risk of breaching the requirements of the Stability and Growth ...
Zsuzsa Ferge Offers Troubling Insight Into Hungarian Society
- 14 Mar 2014 8:00 AM
- current affairs
Renowned Hungarian sociologist Zsuzsa Ferge does not deny that certain quality of life indicators have improved since 2010. She does, however, believe that such indicators have not affected the strong growth of social inequality in Hungary – it’s as if the government has all but forgotten about the bottom 3 million Hungarians. Social mobility is only awarded to those who have demonstrated their ...
Hungary’s Central Bank Easing Cycle To Shift To Lower Gear On Weak Forint, Says City
- 18 Feb 2014 8:00 AM
- business
Hungary’s central bank is likely to shift to lower gear in its easing cycle, potentially voting for a token rate cut of only 5 basis points, on the back of a weaker forint, London-based emerging markets economists said ahead of the Monetary Policy Council’s (MPC) Tuesday meeting.
Base Rate Falls To Record Low 3.4% In Hungary
- 30 Oct 2013 8:00 AM
- business
The MNB’s monetary council lowered the base rate for the 15th consecutive month on Tuesday, from 3.6% to 3.4% in a move expected by most analysts.
Varga: Hungary To Rely More On Domestic Funding
- 22 Jul 2016 9:00 AM
- business
Hungary will in future rely more on domestic resources in stimulating economic growth over external and EU funding, the economy minister said in Băile Tuşnad (Tusnádfürdő), in central Romania. Mihály Varga noted subsidies the Hungarian government had adopted to support industry development, households and home building.
Orbán: Economy Has Sufficient Resources For Modern Education System
- 20 May 2016 9:00 AM
- current affairs
The Hungarian economy has the funding necessary for a predictable and reliable educational system that offers up-to-date knowledge, Prime Minister Viktor Orbán said. The budget amendment this year is necessary following the deal struck with teachers, he said in his regular interview to public radio.
City Council Cuts Budapest Festival Orchestra Funding By HUF 200 M
- 28 Apr 2016 9:00 AM
- community & culture
The Budapest general assembly voted to cut funding for the internationally celebrated Budapest Festival Orchestra from last year’s 260 million forints (EUR 840,000) to 60 million forints. Budapest Deputy Mayor Alexandra Szalay- Bobrovniczky said in the debate on the orchestra’s funding that it receives a significant amount of state support alongside the money it gets from the city.
Budapest Budget Plans Approved
- 18 Feb 2016 8:00 AM
- business
The Budapest assembly passed the budget proposed by the municipality leadership. The budget plans for revenue of 228.86 billion forints (EUR 738m) and spending of 313.5 billion with a shortfall of 85.4 billion. Gábor Bagdy, deputy mayor in change of finances, said the municipality is managing the finances in straitened times but the budget will provide the capital required for the city’s ...
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 ...
EC: Hungary On Track For Deficit Target, Not On Debt
- 3 Dec 2014 8:00 AM
- business
The European Commission said Hungary is “on track” to achieving this year’s deficit target of 2.9% of gross domestic product (GDP), but added that state debt is “not yet on a firm downward path” in a memo following a postprogramme surveillance mission to the country. The EC said that the projected pace of debt reduction “appears at risk of breaching the requirements of the Stability and Growth ...
Zsuzsa Ferge Offers Troubling Insight Into Hungarian Society
- 14 Mar 2014 8:00 AM
- current affairs
Renowned Hungarian sociologist Zsuzsa Ferge does not deny that certain quality of life indicators have improved since 2010. She does, however, believe that such indicators have not affected the strong growth of social inequality in Hungary – it’s as if the government has all but forgotten about the bottom 3 million Hungarians. Social mobility is only awarded to those who have demonstrated their ...
Hungary’s Central Bank Easing Cycle To Shift To Lower Gear On Weak Forint, Says City
- 18 Feb 2014 8:00 AM
- business
Hungary’s central bank is likely to shift to lower gear in its easing cycle, potentially voting for a token rate cut of only 5 basis points, on the back of a weaker forint, London-based emerging markets economists said ahead of the Monetary Policy Council’s (MPC) Tuesday meeting.
Base Rate Falls To Record Low 3.4% In Hungary
- 30 Oct 2013 8:00 AM
- business
The MNB’s monetary council lowered the base rate for the 15th consecutive month on Tuesday, from 3.6% to 3.4% in a move expected by most analysts.