4,344 result(s) for increase
Budapest To Spend ‘Necessary Amount’ Of A Rising Revenue Share On Public Transport
- 15 Dec 2015 8:00 AM
- getting around
The share of the Budapest municipality in revenues will increase at the expense of the capital’s 23 districts but it will have to spend “the necessary amount” rather than a specified ratio of its dues on providing public transport services under a bill of amendment submitted by the government to parliament. The proposal is in the same bill as a proposed cut of the VAT on home construction, which ...
Orbán: Hungary’s Education Policy Remains Open To Foreigners Despite Migrant Crisis
- 11 Dec 2015 8:00 AM
- community & culture
Hungary’s education policy will remain open despite the migrant crisis and “we continue to welcome international students”, Prime Minister Viktor Orbán said, adding the government will expand the Stipendium Hungaricum scholarship scheme. Orbán told a reception for Stipendium Hungaricum recipients that they have all arrived in Hungary in a regulated way, they abide by the country’s laws and ...
Third Of Hungarians Spend Savings On Christmas Gifts, Survey Reveals
- 10 Dec 2015 8:00 AM
- shopping
Technical devices are still the most popular Christmas gifts in Hungary, economic news portal vg.hu said in its latest market roundup. According to a recent survey conducted by K&H Bank, Hungarians spend 43 thousand forints (approx. €140) on average during Christmas shopping season, including 29 thousand forints spent on gifts and presents.
SantaFactory, Budapest, Now On Until 20 December
- 10 Dec 2015 8:00 AM
- community & culture
SantaFactory was first organized in 2005. The aim of the event is to provide gifts through fundraising to large families, families with many children in need living in extreme poverty in December, during the Christmas period. In our calls we encourage not only companies but citizens as well to help. What is needed the most are primarily non-perishable food items, detergents, toilet articles, toys ...
Official: Hungary’s New Public Procurement Law Instrumental In Fighting Graft
- 10 Dec 2015 8:00 AM
- current affairs
Hungary’s new public procurement law, one of Europe’s strictest legislations, is instrumental in fighting graft, a senior official of the prime minister’s office told a conference organised by Transparency International Hungary on Wednesday. The new law provides for a much broader scope of transparency and defines a minimum number of applicants required in certain areas of public procurement ...
2016 Year Of Tax Simplifications, Cuts In Hungary
- 10 Dec 2015 8:00 AM
- business
Next year will be dedicated to tax simplification and cuts, with the personal income tax dropping from the current 16% to 15%, the economy ministry said. The cut will result in an extra 30,000 forints (EUR 96) left in people’s pockets in 2016. Family tax allowances for families with at least two children will be increased by 25%, leaving an additional 60,000 forints extra with such families.
Euronet ATMs Now Dispense Euro Banknotes Across Hungary
- 9 Dec 2015 8:00 AM
- business
Euronet announces the addition of euro cash withdrawal service at 200 of its independently deployed ATMs in Hungary. Euronet’s new service is unique in Hungarian market: customers now have the opportunity to withdraw both Hungarian forints and euros. Euro cash withdrawal combines the advantages of currency exchange at competitive rates with the availability and convenience of an ATM transaction.
Lufthansa To Launch Debrecen-Munich Flight As Hungary’s Second City “Opens Up To The World”
- 9 Dec 2015 1:00 AM
- travel
Germany’s flagship carrier Lufthansa has announced that it is launching a direct flight connecting the Bavarian capital Munich with Hungary’s second city of Debrecen from next April. Lufthansa will operate the flight all-year-round, three times a week, the company’s regional director for the Central-East European region said.
Demographic Trends Present Difficulties For Growth And Labour Market In Hungary
- 8 Dec 2015 8:00 AM
- business
By 2060, the old-age dependency ratio may double in Hungary compared to the present level, and the burdens on economically active age groups may significantly increase in the coming decades as a result of population ageing, the National Bank of Hungary (NBH) said in its Growth Report. It said the old-age dependency ratio could increase from 26% in 2015 to 52% by 2060, parallel with a decline in ...
Budapest To Spend ‘Necessary Amount’ Of A Rising Revenue Share On Public Transport
- 15 Dec 2015 8:00 AM
- getting around
The share of the Budapest municipality in revenues will increase at the expense of the capital’s 23 districts but it will have to spend “the necessary amount” rather than a specified ratio of its dues on providing public transport services under a bill of amendment submitted by the government to parliament. The proposal is in the same bill as a proposed cut of the VAT on home construction, which ...
Orbán: Hungary’s Education Policy Remains Open To Foreigners Despite Migrant Crisis
- 11 Dec 2015 8:00 AM
- community & culture
Hungary’s education policy will remain open despite the migrant crisis and “we continue to welcome international students”, Prime Minister Viktor Orbán said, adding the government will expand the Stipendium Hungaricum scholarship scheme. Orbán told a reception for Stipendium Hungaricum recipients that they have all arrived in Hungary in a regulated way, they abide by the country’s laws and ...
Third Of Hungarians Spend Savings On Christmas Gifts, Survey Reveals
- 10 Dec 2015 8:00 AM
- shopping
Technical devices are still the most popular Christmas gifts in Hungary, economic news portal vg.hu said in its latest market roundup. According to a recent survey conducted by K&H Bank, Hungarians spend 43 thousand forints (approx. €140) on average during Christmas shopping season, including 29 thousand forints spent on gifts and presents.
SantaFactory, Budapest, Now On Until 20 December
- 10 Dec 2015 8:00 AM
- community & culture
SantaFactory was first organized in 2005. The aim of the event is to provide gifts through fundraising to large families, families with many children in need living in extreme poverty in December, during the Christmas period. In our calls we encourage not only companies but citizens as well to help. What is needed the most are primarily non-perishable food items, detergents, toilet articles, toys ...
Official: Hungary’s New Public Procurement Law Instrumental In Fighting Graft
- 10 Dec 2015 8:00 AM
- current affairs
Hungary’s new public procurement law, one of Europe’s strictest legislations, is instrumental in fighting graft, a senior official of the prime minister’s office told a conference organised by Transparency International Hungary on Wednesday. The new law provides for a much broader scope of transparency and defines a minimum number of applicants required in certain areas of public procurement ...
2016 Year Of Tax Simplifications, Cuts In Hungary
- 10 Dec 2015 8:00 AM
- business
Next year will be dedicated to tax simplification and cuts, with the personal income tax dropping from the current 16% to 15%, the economy ministry said. The cut will result in an extra 30,000 forints (EUR 96) left in people’s pockets in 2016. Family tax allowances for families with at least two children will be increased by 25%, leaving an additional 60,000 forints extra with such families.
Euronet ATMs Now Dispense Euro Banknotes Across Hungary
- 9 Dec 2015 8:00 AM
- business
Euronet announces the addition of euro cash withdrawal service at 200 of its independently deployed ATMs in Hungary. Euronet’s new service is unique in Hungarian market: customers now have the opportunity to withdraw both Hungarian forints and euros. Euro cash withdrawal combines the advantages of currency exchange at competitive rates with the availability and convenience of an ATM transaction.
Lufthansa To Launch Debrecen-Munich Flight As Hungary’s Second City “Opens Up To The World”
- 9 Dec 2015 1:00 AM
- travel
Germany’s flagship carrier Lufthansa has announced that it is launching a direct flight connecting the Bavarian capital Munich with Hungary’s second city of Debrecen from next April. Lufthansa will operate the flight all-year-round, three times a week, the company’s regional director for the Central-East European region said.
Demographic Trends Present Difficulties For Growth And Labour Market In Hungary
- 8 Dec 2015 8:00 AM
- business
By 2060, the old-age dependency ratio may double in Hungary compared to the present level, and the burdens on economically active age groups may significantly increase in the coming decades as a result of population ageing, the National Bank of Hungary (NBH) said in its Growth Report. It said the old-age dependency ratio could increase from 26% in 2015 to 52% by 2060, parallel with a decline in ...