74 result(s) for government aid in Business
EU Court Rules Against Hungary's 98% Tax On Severance Pay
- 26 Jun 2013 9:01 AM
- business
The European Court of Human Rights in Strasbourg awarded €16,000 in compensation and €900 in legal expenses to a former tax office employee who sued the government over its 98% tax on severance pay introduced in 2010.
Socialists VAT Petition Drive Approved In Hungary
- 3 Apr 2013 9:00 AM
- business
The signature sheets of the Socialist Party’s petition drive to reduce VAT were distributed to constituency officials a few days ago, Népszabadság reports. Deputy caucus leader Zoltán Lukács told the newspaper that as the governing party would not even approve their proposal to lower the VAT on food items from 27% to 5% for debate in Parliament, they will now turn to ordinary people.
PM Orbán: Half Of Banks Should Be Hungarian-Owned
- 13 Mar 2013 8:00 AM
- business
Half of Hungary’s bank sector should be Hungarian-owned and foreign-currency loans owed by SMEs should be converted into forints, Prime Minister Viktor Orbán said Tuesday during a wide-ranging speech on economic policy. Speaking at a Hungarian Chamber of Commerce and Industry (MKIK) meeting, Orbán said the credit crunch in Hungary came about because foreign-owned banks withdrew money from Hungary
Hungarian Gov’t Offers Tax Relief To Banks
- 19 Feb 2013 8:00 AM
- business
The government is planning to increase the amount that can be deducted from the bank tax, if banks expand their loans, Economy Ministry state secretary Gyula Pleschinger said in a Monday interview.
Few Choose New Small Tax Scheme In Hungary
- 4 Jan 2013 8:00 AM
- business
As of January 2, some 47,400 business have switched to the self-employed business tax “kata” and some 5,100 to the new small company tax “kiva”, the tax office announced yesterday.
Foreign Currency Debt Issuance May Not Be Necessary Next Year In Hungary
- 18 Dec 2012 8:00 AM
- business
According to Minister of National Economy György Matolcsy, Hungary may not need to issue foreign currency denominated government securities on international financial markets next year. That was one of the issues the Minister spoke about at the economic programme G7 of Hungary’s public service broadcaster Kossuth Radio on Saturday.
145 Billion Forints Will Be Spent On Public Employment Next Year In Hungary
- 20 Nov 2012 8:00 AM
- business
145 billion forints will be spent on public employment next year, the goal is to provide work for 300 thousand people in 2013 and 2014 – said Sándor Pintér, Minister of Interior on Friday in Budapest at the celebratory event held in order to praise the work of those local governments that have performed exceptionally well in organizing and realizing public employment programs.
Banks In Hungary May Face Losses On Local Debt Consolidation
- 9 Nov 2012 8:00 AM
- business
Banks could face massive losses, running as high as Ft 100 billion, if the state requests discounts from them when taking over the debt of local governments, Népszabadság reports. The state would pay only 75-80% of the value of what it deems bad or risky loans held by local governments to banks in the process of assuming the debt of municipalities, according to information from Fidesz politicians.
Hungary's PM Orbán Says Bank Tax Won’t Cause Harm
- 19 Oct 2012 9:04 AM
- business
The cabinet’s decision not to cut the bank tax in half next year as promised will not harm the Hungarian economy, Prime Minister Viktor Orbán said Thursday. Speaking to Bloomberg news in Bucharest, he said banks have already stopped lending and a deleveraging process is underway. The tax on banks will have no effect on economic activity, he added.
EU Court Rules Against Hungary's 98% Tax On Severance Pay
- 26 Jun 2013 9:01 AM
- business
The European Court of Human Rights in Strasbourg awarded €16,000 in compensation and €900 in legal expenses to a former tax office employee who sued the government over its 98% tax on severance pay introduced in 2010.
Socialists VAT Petition Drive Approved In Hungary
- 3 Apr 2013 9:00 AM
- business
The signature sheets of the Socialist Party’s petition drive to reduce VAT were distributed to constituency officials a few days ago, Népszabadság reports. Deputy caucus leader Zoltán Lukács told the newspaper that as the governing party would not even approve their proposal to lower the VAT on food items from 27% to 5% for debate in Parliament, they will now turn to ordinary people.
PM Orbán: Half Of Banks Should Be Hungarian-Owned
- 13 Mar 2013 8:00 AM
- business
Half of Hungary’s bank sector should be Hungarian-owned and foreign-currency loans owed by SMEs should be converted into forints, Prime Minister Viktor Orbán said Tuesday during a wide-ranging speech on economic policy. Speaking at a Hungarian Chamber of Commerce and Industry (MKIK) meeting, Orbán said the credit crunch in Hungary came about because foreign-owned banks withdrew money from Hungary
Hungarian Gov’t Offers Tax Relief To Banks
- 19 Feb 2013 8:00 AM
- business
The government is planning to increase the amount that can be deducted from the bank tax, if banks expand their loans, Economy Ministry state secretary Gyula Pleschinger said in a Monday interview.
Few Choose New Small Tax Scheme In Hungary
- 4 Jan 2013 8:00 AM
- business
As of January 2, some 47,400 business have switched to the self-employed business tax “kata” and some 5,100 to the new small company tax “kiva”, the tax office announced yesterday.
Foreign Currency Debt Issuance May Not Be Necessary Next Year In Hungary
- 18 Dec 2012 8:00 AM
- business
According to Minister of National Economy György Matolcsy, Hungary may not need to issue foreign currency denominated government securities on international financial markets next year. That was one of the issues the Minister spoke about at the economic programme G7 of Hungary’s public service broadcaster Kossuth Radio on Saturday.
145 Billion Forints Will Be Spent On Public Employment Next Year In Hungary
- 20 Nov 2012 8:00 AM
- business
145 billion forints will be spent on public employment next year, the goal is to provide work for 300 thousand people in 2013 and 2014 – said Sándor Pintér, Minister of Interior on Friday in Budapest at the celebratory event held in order to praise the work of those local governments that have performed exceptionally well in organizing and realizing public employment programs.
Banks In Hungary May Face Losses On Local Debt Consolidation
- 9 Nov 2012 8:00 AM
- business
Banks could face massive losses, running as high as Ft 100 billion, if the state requests discounts from them when taking over the debt of local governments, Népszabadság reports. The state would pay only 75-80% of the value of what it deems bad or risky loans held by local governments to banks in the process of assuming the debt of municipalities, according to information from Fidesz politicians.
Hungary's PM Orbán Says Bank Tax Won’t Cause Harm
- 19 Oct 2012 9:04 AM
- business
The cabinet’s decision not to cut the bank tax in half next year as promised will not harm the Hungarian economy, Prime Minister Viktor Orbán said Thursday. Speaking to Bloomberg news in Bucharest, he said banks have already stopped lending and a deleveraging process is underway. The tax on banks will have no effect on economic activity, he added.