150 result(s) for income in Business
Lázár To Propose Tighter Rules On Spending Public Funds
- 19 Oct 2016 9:00 AM
- business
Government office chief János Lázár on Tuesday said he would propose tightening the rules on spending public funds. The stricter rules will aim to make the evaluation of public tenders more transparent, Lázár told a weekly government press briefing.
Pénzügykutató Expects Growth To Slow Before Accelerating Next Year
- 11 Oct 2016 9:00 AM
- business
Pénzügykutató expects Hungary’s GDP growth rate to slow to 2.2% this year from 3.1% in 2015, due to dropping investments, before accelerating to 3% next year, the economic research company said in a forecast. Performance in the first half of this year has made it clear that growth will grind to a halt as soon as the inflow of EU funding stops, the researchers said.
Authority To Crack Down On Tax-Evading Uber Drivers
- 28 Sep 2016 9:00 AM
- business
Hungary’s tax authority NAV will identify drivers who have failed to pay their taxes on earlier revenues from ride-hailing service Uber, which no longer operates in Hungary, daily Magyar Idők reported. Citing information from the economy ministry, the paper said that NAV had received the names and income data of Hungarian drivers who had worked as part of Uber, and will start checking those ...
Gross Wage Growth Continues To Slow In July
- 21 Sep 2016 9:00 AM
- business
The average monthly wage in Hungary rose by an annual 5.1% to 256,900 forints (EUR 835) in July, the Central Statistical Office (KSH) reported. Wage growth slowed for the third month in a row after peaking this year at 6.5% in March and April. Net wages rose at a faster clip during the period, climbing 6.7% to 170,800 forints (EUR 578) on the back of a one percentage point reduction in the ...
Budget Deficit At 61% Of Full-Year Target In July
- 23 Aug 2016 9:00 AM
- business
Hungary’s cashflow-based budget deficit, excluding local councils, reached 464.8 billion forints (EUR 1.49bn) in the first seven months of the year, 61% of the full-year target, the economy ministry confirmed in a second reading of data released on Monday.
Hungary Retail Sales Rise 6.8% In May
- 26 Jul 2016 9:00 AM
- business
Retail sales in Hungary went up by an annual 6.8% in May, the Central Statistical Office (KSH) said, confirming data published in a first reading earlier. Retail sales rose by an annual 5.7% when adjusted for calendar year effects. The pace accelerated from an unadjusted 5.0% and slowed from a calendar year-adjusted 6.7% rise in April.
Moody’s Upgrades Hungary’s Banking System Outlook To Positive
- 30 Jun 2016 9:00 AM
- business
Ratings agency Moody’s Investors Service upgraded the outlook of Hungary’s banking system to positive, the rating agency said today in a report entitled “Banking System Outlook - Hungary”. Moodyʼs noted, however, that government support for banks in the EU, including Hungary, is less certain under the provisions of the EUʼs Bank Recovery and Resolution Directive.
Gross Wages Rise 6.4% In April
- 22 Jun 2016 9:00 AM
- business
The average gross wage in Hungary was 264,471 forints (EUR 845) in April, up by 6.4% from the same month a year earlier, the Central Statistical Office (KSH) said. Net wage growth outpaced the increase, rising by 8.0% to 175,874 forints, because of a one percentage point cut in the personal income tax rate, to 15%, from January.
OECD Lowers Hungary Forecast For 2016 GDP Growth
- 2 Jun 2016 9:00 AM
- business
The OECD has lowered its growth forecast for Hungary’s economy to 1.6% from 2.4% in the previous Economic Outlook released in November 2015. In its new report, the OECD maintained its 3.1% projection for Hungarian GDP growth next year. The organisation said “growth is projected to moderate in 2016 due to a temporary contraction in public investment as a new cycle of EU structural funds commences, ...
Lázár To Propose Tighter Rules On Spending Public Funds
- 19 Oct 2016 9:00 AM
- business
Government office chief János Lázár on Tuesday said he would propose tightening the rules on spending public funds. The stricter rules will aim to make the evaluation of public tenders more transparent, Lázár told a weekly government press briefing.
Pénzügykutató Expects Growth To Slow Before Accelerating Next Year
- 11 Oct 2016 9:00 AM
- business
Pénzügykutató expects Hungary’s GDP growth rate to slow to 2.2% this year from 3.1% in 2015, due to dropping investments, before accelerating to 3% next year, the economic research company said in a forecast. Performance in the first half of this year has made it clear that growth will grind to a halt as soon as the inflow of EU funding stops, the researchers said.
Authority To Crack Down On Tax-Evading Uber Drivers
- 28 Sep 2016 9:00 AM
- business
Hungary’s tax authority NAV will identify drivers who have failed to pay their taxes on earlier revenues from ride-hailing service Uber, which no longer operates in Hungary, daily Magyar Idők reported. Citing information from the economy ministry, the paper said that NAV had received the names and income data of Hungarian drivers who had worked as part of Uber, and will start checking those ...
Gross Wage Growth Continues To Slow In July
- 21 Sep 2016 9:00 AM
- business
The average monthly wage in Hungary rose by an annual 5.1% to 256,900 forints (EUR 835) in July, the Central Statistical Office (KSH) reported. Wage growth slowed for the third month in a row after peaking this year at 6.5% in March and April. Net wages rose at a faster clip during the period, climbing 6.7% to 170,800 forints (EUR 578) on the back of a one percentage point reduction in the ...
Budget Deficit At 61% Of Full-Year Target In July
- 23 Aug 2016 9:00 AM
- business
Hungary’s cashflow-based budget deficit, excluding local councils, reached 464.8 billion forints (EUR 1.49bn) in the first seven months of the year, 61% of the full-year target, the economy ministry confirmed in a second reading of data released on Monday.
Hungary Retail Sales Rise 6.8% In May
- 26 Jul 2016 9:00 AM
- business
Retail sales in Hungary went up by an annual 6.8% in May, the Central Statistical Office (KSH) said, confirming data published in a first reading earlier. Retail sales rose by an annual 5.7% when adjusted for calendar year effects. The pace accelerated from an unadjusted 5.0% and slowed from a calendar year-adjusted 6.7% rise in April.
Moody’s Upgrades Hungary’s Banking System Outlook To Positive
- 30 Jun 2016 9:00 AM
- business
Ratings agency Moody’s Investors Service upgraded the outlook of Hungary’s banking system to positive, the rating agency said today in a report entitled “Banking System Outlook - Hungary”. Moodyʼs noted, however, that government support for banks in the EU, including Hungary, is less certain under the provisions of the EUʼs Bank Recovery and Resolution Directive.
Gross Wages Rise 6.4% In April
- 22 Jun 2016 9:00 AM
- business
The average gross wage in Hungary was 264,471 forints (EUR 845) in April, up by 6.4% from the same month a year earlier, the Central Statistical Office (KSH) said. Net wage growth outpaced the increase, rising by 8.0% to 175,874 forints, because of a one percentage point cut in the personal income tax rate, to 15%, from January.
OECD Lowers Hungary Forecast For 2016 GDP Growth
- 2 Jun 2016 9:00 AM
- business
The OECD has lowered its growth forecast for Hungary’s economy to 1.6% from 2.4% in the previous Economic Outlook released in November 2015. In its new report, the OECD maintained its 3.1% projection for Hungarian GDP growth next year. The organisation said “growth is projected to moderate in 2016 due to a temporary contraction in public investment as a new cycle of EU structural funds commences, ...