59 result(s) for hungarian law in Property
President Returns Home Building Societies Law To Parlt For Review
- 25 Mar 2016 8:00 AM
- property
President János Áder sent back a recent law aimed at establishing subsidised home building societies to parliament for a review, the president’s office reported. Lawmakers passed the governmentinitiated legislation a week ago. Under the law, members of home building societies would make regular contributions to the organisation, and also receive a 30% match from the central budget up to 25,000 ...
Parlt Passes Law Establishing National Building Societies
- 18 Mar 2016 8:00 AM
- property
Lawmakers approved a bill that establishes national building societies and adds to members’ savings with a state subsidy. The bill, submitted just a day earlier by Antal Rogán, the prime minister’s cabinet chief, was approved in an expedited procedure with 113 votes in favour, 46 against and no abstentions.
Hungarian Govt Spox: Strict Laws Prevent Foreigners Buying Farmland
- 18 Jan 2016 8:00 AM
- property
Hungarian laws are very strict in preventing that foreigners should buy Hungarian farmland, government spokesman Zoltán Kovács said. Farmland auctions will continue in February, according to a Thursday announcement by government office chief János Lázár. He said only about a dozen foreigners could buy land under the scheme.
Hungarian Cabinet Backs Down From Plans To Allow Gigantic Mosque To Be Built In Budapest
- 21 Dec 2015 8:00 AM
- property
The Hungarian government has backed down from earlier plans to allow a gigantic Turkish-funded mosque to be built in the capital Budapest’s District X. Despite the plan winning over the support of Prime Minister Viktor Orbán in May, Bence Rétvári, State Secretary at the Ministry of Human Resources, has now said in a statement that the cabinet will not give the scheme the go-ahead because “the ...
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 ...
Opposition DK, PM Parties Savage Budapest Várkert Bazár Restoration
- 9 Dec 2015 8:00 AM
- property
Shoddy construction and nepotism are the main features of the statebacked project to restore the royal garden pavilions at the foot of Castle Hill in Budapest, according to opposition parties that slammed the project. The neo-Renaissance Várkert Bazár, designed by iconic Hungarian architect Miklós Ybl in 1883, was closed off in 1984 and remained in an appalling state of repair until a project to ...
Duna House IPO Ends Without Result
- 30 Nov 2015 8:00 AM
- property
Hungarian real estate broker Duna House on Friday announced that its initial public offering was without result, as it failed to sell the minimum number of 180,000 shares by the end of the IPO on Friday, following a suspension, Hungarian news agency MTI reported.
Land Fund Lawsuit Vs Kishantos Organic Farm, Greenpeace Suspended
- 10 Nov 2015 2:00 AM
- property
A Pest County court suspended a lawsuit filed by the National Land Management Fund (NFA) against the organic farm of Kishantos and Greenpeace Hungary. Last year, the NFA filed a lawsuit against the Kishantos Rural Development Centre saying that it had caused damages to the state for more than six months by using land that it had been leasing in the past but then lost the eligibility to use.
Opposition Criticises Hungarian Govt Farmland Sale In Parl Debate
- 27 Oct 2015 8:00 AM
- property
Opposition parties criticised the government’s farmland programme in a parliamentary debate dedicated to the plan. The Socialists said that the government’s auctioning off stateowned farmland will not prevent foreign nationals from obtaining estates in Hungary. On the contrary, foreigners could not buy land if all those plots remained publicly owned, Socialist deputy chair Zoltán Gőgös said.
President Returns Home Building Societies Law To Parlt For Review
- 25 Mar 2016 8:00 AM
- property
President János Áder sent back a recent law aimed at establishing subsidised home building societies to parliament for a review, the president’s office reported. Lawmakers passed the governmentinitiated legislation a week ago. Under the law, members of home building societies would make regular contributions to the organisation, and also receive a 30% match from the central budget up to 25,000 ...
Parlt Passes Law Establishing National Building Societies
- 18 Mar 2016 8:00 AM
- property
Lawmakers approved a bill that establishes national building societies and adds to members’ savings with a state subsidy. The bill, submitted just a day earlier by Antal Rogán, the prime minister’s cabinet chief, was approved in an expedited procedure with 113 votes in favour, 46 against and no abstentions.
Hungarian Govt Spox: Strict Laws Prevent Foreigners Buying Farmland
- 18 Jan 2016 8:00 AM
- property
Hungarian laws are very strict in preventing that foreigners should buy Hungarian farmland, government spokesman Zoltán Kovács said. Farmland auctions will continue in February, according to a Thursday announcement by government office chief János Lázár. He said only about a dozen foreigners could buy land under the scheme.
Hungarian Cabinet Backs Down From Plans To Allow Gigantic Mosque To Be Built In Budapest
- 21 Dec 2015 8:00 AM
- property
The Hungarian government has backed down from earlier plans to allow a gigantic Turkish-funded mosque to be built in the capital Budapest’s District X. Despite the plan winning over the support of Prime Minister Viktor Orbán in May, Bence Rétvári, State Secretary at the Ministry of Human Resources, has now said in a statement that the cabinet will not give the scheme the go-ahead because “the ...
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 ...
Opposition DK, PM Parties Savage Budapest Várkert Bazár Restoration
- 9 Dec 2015 8:00 AM
- property
Shoddy construction and nepotism are the main features of the statebacked project to restore the royal garden pavilions at the foot of Castle Hill in Budapest, according to opposition parties that slammed the project. The neo-Renaissance Várkert Bazár, designed by iconic Hungarian architect Miklós Ybl in 1883, was closed off in 1984 and remained in an appalling state of repair until a project to ...
Duna House IPO Ends Without Result
- 30 Nov 2015 8:00 AM
- property
Hungarian real estate broker Duna House on Friday announced that its initial public offering was without result, as it failed to sell the minimum number of 180,000 shares by the end of the IPO on Friday, following a suspension, Hungarian news agency MTI reported.
Land Fund Lawsuit Vs Kishantos Organic Farm, Greenpeace Suspended
- 10 Nov 2015 2:00 AM
- property
A Pest County court suspended a lawsuit filed by the National Land Management Fund (NFA) against the organic farm of Kishantos and Greenpeace Hungary. Last year, the NFA filed a lawsuit against the Kishantos Rural Development Centre saying that it had caused damages to the state for more than six months by using land that it had been leasing in the past but then lost the eligibility to use.
Opposition Criticises Hungarian Govt Farmland Sale In Parl Debate
- 27 Oct 2015 8:00 AM
- property
Opposition parties criticised the government’s farmland programme in a parliamentary debate dedicated to the plan. The Socialists said that the government’s auctioning off stateowned farmland will not prevent foreign nationals from obtaining estates in Hungary. On the contrary, foreigners could not buy land if all those plots remained publicly owned, Socialist deputy chair Zoltán Gőgös said.