966 result(s) for gdp
Hungary’s Q1 2016 GDP Growth Falls Far Short Of Projections
- 24 May 2016 9:00 AM
- business
Hungary’s GDP growth in the first quarter slowed to .09 percent, or roughly half what some analysts had predicted, according to online daily vg.hu. Compared to the same period in 2015, GDP growth has decreased by .8 percentage points.
Test Track For Selfdriving Cars To Be Built In W Hungary
- 20 May 2016 9:00 AM
- getting around
The government plans to build a test track for, primarily, driverless cars, in Zalaegerszeg, in western Hungary, Prime Minister Viktor Orbán announced on Thursday. Speaking at the “Cars of the Future” conference at the Budapest University of Technology and Economics, Orbán called the test track a major investment, “the like of which cannot be found” within 500 kilometres of Hungary.
Orbán: Govt To Spend Eur 3.9bn On Research Until 2020
- 3 May 2016 9:00 AM
- current affairs
The prime minister said the government is planning to spend a total of 1,200 billion forints (EUR 3.9bn) on research, development and innovation in the next four years. Addressing the opening ceremony of the general assembly of the Hungarian Academy of Sciences, Viktor Orbán said that the total will bring Hungary close to the European average of research spending-GDP ratio of 1.9%.
2017 Budget Bill Targets Deficit Of HUF 1,166.4 BN
- 28 Apr 2016 9:00 AM
- business
Hungary’s budget is expected to run a cash-flow-based deficit of 1,166.4 billion forints (EUR 3.7bn) next year, well above the 761.6 billion gap targeted for 2016. The 2017 budget bill targets revenue of 17,374.9 billion forints and expenditures of 18,541.3 billion.
Varga: Govt To Mull Single-Digit Income Tax In 2017
- 26 Apr 2016 9:00 AM
- business
The question whether to introduce a single-digit income tax will be broached next year, the economy minister said in an interview to business daily Világgazdaság. Mihály Varga said that reducing the tax from the current 15% would lead to revenue losses amounting to 600 billion forints (EUR 1.9bn). But if the rate of growth stays on its current trajectory and the government succeeds in ...
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 ...
Xpat Opinion: The Balance Of Two Years In Government
- 11 Apr 2016 9:00 AM
- current affairs
A liberal analyst thinks Hungary has deviated from its strategic goal of catching up with the most advanced countries, while a pro-government pundit sees the past two years as a succession of positive developments in the economy.
In Élet és Irodalom, economist Éva Várhegyi claims that despite the transfer of substantial EU funds to Hungary every year, the distance in terms of per capita GDP ...
TTIP Could Create 20,000-30,000 Jobs In Hungary
- 7 Apr 2016 9:00 AM
- business
The Transatlantic Trade and Investment Partnership (TTIP), a free trade agreement being negotiated between the United States and the European Union, could create 20,000-30,000 jobs in Hungary, according to participants at a conference organised by the British Embassy in Budapest.
Hungary Fully Reimbursed IMF - European Commission Loan
- 7 Apr 2016 9:00 AM
- business
On 6 April 2016, the European Commission credited the last instalment, EUR 1.5bn, of the loan facility that the former Hungarian government had received from the IMF and the European Commission in 2008 and 2009, Minister for National Economy Mihály Varga announced. With this step, he added, the Government has reached its goal of creating economic policy independence also in terms of state ...
Hungary’s Q1 2016 GDP Growth Falls Far Short Of Projections
- 24 May 2016 9:00 AM
- business
Hungary’s GDP growth in the first quarter slowed to .09 percent, or roughly half what some analysts had predicted, according to online daily vg.hu. Compared to the same period in 2015, GDP growth has decreased by .8 percentage points.
Test Track For Selfdriving Cars To Be Built In W Hungary
- 20 May 2016 9:00 AM
- getting around
The government plans to build a test track for, primarily, driverless cars, in Zalaegerszeg, in western Hungary, Prime Minister Viktor Orbán announced on Thursday. Speaking at the “Cars of the Future” conference at the Budapest University of Technology and Economics, Orbán called the test track a major investment, “the like of which cannot be found” within 500 kilometres of Hungary.
Orbán: Govt To Spend Eur 3.9bn On Research Until 2020
- 3 May 2016 9:00 AM
- current affairs
The prime minister said the government is planning to spend a total of 1,200 billion forints (EUR 3.9bn) on research, development and innovation in the next four years. Addressing the opening ceremony of the general assembly of the Hungarian Academy of Sciences, Viktor Orbán said that the total will bring Hungary close to the European average of research spending-GDP ratio of 1.9%.
2017 Budget Bill Targets Deficit Of HUF 1,166.4 BN
- 28 Apr 2016 9:00 AM
- business
Hungary’s budget is expected to run a cash-flow-based deficit of 1,166.4 billion forints (EUR 3.7bn) next year, well above the 761.6 billion gap targeted for 2016. The 2017 budget bill targets revenue of 17,374.9 billion forints and expenditures of 18,541.3 billion.
Varga: Govt To Mull Single-Digit Income Tax In 2017
- 26 Apr 2016 9:00 AM
- business
The question whether to introduce a single-digit income tax will be broached next year, the economy minister said in an interview to business daily Világgazdaság. Mihály Varga said that reducing the tax from the current 15% would lead to revenue losses amounting to 600 billion forints (EUR 1.9bn). But if the rate of growth stays on its current trajectory and the government succeeds in ...
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 ...
Xpat Opinion: The Balance Of Two Years In Government
- 11 Apr 2016 9:00 AM
- current affairs
A liberal analyst thinks Hungary has deviated from its strategic goal of catching up with the most advanced countries, while a pro-government pundit sees the past two years as a succession of positive developments in the economy.
In Élet és Irodalom, economist Éva Várhegyi claims that despite the transfer of substantial EU funds to Hungary every year, the distance in terms of per capita GDP ...
TTIP Could Create 20,000-30,000 Jobs In Hungary
- 7 Apr 2016 9:00 AM
- business
The Transatlantic Trade and Investment Partnership (TTIP), a free trade agreement being negotiated between the United States and the European Union, could create 20,000-30,000 jobs in Hungary, according to participants at a conference organised by the British Embassy in Budapest.
Hungary Fully Reimbursed IMF - European Commission Loan
- 7 Apr 2016 9:00 AM
- business
On 6 April 2016, the European Commission credited the last instalment, EUR 1.5bn, of the loan facility that the former Hungarian government had received from the IMF and the European Commission in 2008 and 2009, Minister for National Economy Mihály Varga announced. With this step, he added, the Government has reached its goal of creating economic policy independence also in terms of state ...