2,503 result(s) for hungarian forint
Hungary Not At Risk, Says EBRD
- 21 Dec 2015 8:00 AM
- business
The European Bank for Reconstruction and Development has said that there is no risk in connection with Hungary as far as the bank is concerned, the daily Magyar Hírlap said. The bank has so far invested 2.7 billion euros in 170 projects in the country, Antal Nikoletti, member of the board representing Hungary at the London-based credit institution, noted. EBRD investments in Hungary are expected ...
Fuel Sales In Hungary Up In First Ten Months
- 21 Dec 2015 3:00 AM
- shopping
Sales in petrol in Hungary went up by an annual 5%, or 60 million litres, and in diesel by 10%, or 125 million litres, in the first ten months of the year, daily Magyar Idők said. Demand for petrol jumped, however, by around 20% and for diesel by 30% at pumps in the border areas, particularly near the borders with Slovenia and Romania, the paper cited the press chief of the national tax and ...
Hungary Introduces New 20.000 Forint Banknotes
- 17 Dec 2015 10:55 AM
- business
This Wednesday the National Bank of Hungary (MNB) released its new 20.000-forint banknotes. The change was previously announced in a decree published in late September in the Hungarian Official Journal. The colour of the banknote has changed a bit, turning into greenish-blue in the middle. Furthermore, the banknote has become protected by special fibers and safety threads.
LMP Files Criminal Report About Alleged Eximbank Loan For Hungarian TV2 Purchase
- 17 Dec 2015 8:00 AM
- current affairs
The green opposition LMP will file a criminal report for abuse of power and mismanagement in connection with Eximbank lending 6.72 billion forints (EUR 21.3m) to government commissioner Andrew G Vajna’s company to buy media group TV2, according to press reports. LMP co-leader András Schiffer said that the bank should not “stuff the pockets of a government-friendly offshore knight with loans”.
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 ...
Vast Majority Of Hungarians Reject Stadium Spending
- 15 Dec 2015 8:00 AM
- current affairs
Four-fifths of Hungarians would like to see the government spend less money on football stadiums, Socialist Party executive committee member Balázs Bárány told reporters on Monday, citing a new survey. In all, 77% of respondents to a survey by the Publicus Institute commissioned by Vasárnapi Hírek said they have never been to a first division football game, and 88% do not plan to do so.
Analysts Expect Hungarian National Bank Announcement Re Liquidity
- 14 Dec 2015 8:00 AM
- business
The MNB’s monetary council is widely expected to keep the rate on hold at 1.35% at the last rate-setting meeting of the year on Tuesday. Instead, analysts are turning their attention to the possible expansion of non-conventional monetary tools, designed to redirect deposits held at the central bank by banks to the bond market. The MNB is also expected to announce its revised growth targets.
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 Not At Risk, Says EBRD
- 21 Dec 2015 8:00 AM
- business
The European Bank for Reconstruction and Development has said that there is no risk in connection with Hungary as far as the bank is concerned, the daily Magyar Hírlap said. The bank has so far invested 2.7 billion euros in 170 projects in the country, Antal Nikoletti, member of the board representing Hungary at the London-based credit institution, noted. EBRD investments in Hungary are expected ...
Fuel Sales In Hungary Up In First Ten Months
- 21 Dec 2015 3:00 AM
- shopping
Sales in petrol in Hungary went up by an annual 5%, or 60 million litres, and in diesel by 10%, or 125 million litres, in the first ten months of the year, daily Magyar Idők said. Demand for petrol jumped, however, by around 20% and for diesel by 30% at pumps in the border areas, particularly near the borders with Slovenia and Romania, the paper cited the press chief of the national tax and ...
Hungary Introduces New 20.000 Forint Banknotes
- 17 Dec 2015 10:55 AM
- business
This Wednesday the National Bank of Hungary (MNB) released its new 20.000-forint banknotes. The change was previously announced in a decree published in late September in the Hungarian Official Journal. The colour of the banknote has changed a bit, turning into greenish-blue in the middle. Furthermore, the banknote has become protected by special fibers and safety threads.
LMP Files Criminal Report About Alleged Eximbank Loan For Hungarian TV2 Purchase
- 17 Dec 2015 8:00 AM
- current affairs
The green opposition LMP will file a criminal report for abuse of power and mismanagement in connection with Eximbank lending 6.72 billion forints (EUR 21.3m) to government commissioner Andrew G Vajna’s company to buy media group TV2, according to press reports. LMP co-leader András Schiffer said that the bank should not “stuff the pockets of a government-friendly offshore knight with loans”.
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 ...
Vast Majority Of Hungarians Reject Stadium Spending
- 15 Dec 2015 8:00 AM
- current affairs
Four-fifths of Hungarians would like to see the government spend less money on football stadiums, Socialist Party executive committee member Balázs Bárány told reporters on Monday, citing a new survey. In all, 77% of respondents to a survey by the Publicus Institute commissioned by Vasárnapi Hírek said they have never been to a first division football game, and 88% do not plan to do so.
Analysts Expect Hungarian National Bank Announcement Re Liquidity
- 14 Dec 2015 8:00 AM
- business
The MNB’s monetary council is widely expected to keep the rate on hold at 1.35% at the last rate-setting meeting of the year on Tuesday. Instead, analysts are turning their attention to the possible expansion of non-conventional monetary tools, designed to redirect deposits held at the central bank by banks to the bond market. The MNB is also expected to announce its revised growth targets.
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.