222 result(s) for measures in Business
Hungary Contests EC Prohibition Of New Rates
- 19 Oct 2015 5:00 AM
- business
Hungary is appealing a prohibition of the application of steeper rates for supermarket oversight fees and tobacco company health-care contributions pending the outcome of probes by the European Commission. Hungary is contesting the prohibition with the European Court, according to a newsletter from the European Union’s judicial body.
Budget May Be Amended To Reflect Hungary’s Cost Of Migration Measures
- 15 Sep 2015 9:00 AM
- business
If the migration crisis is sustained it may be necessary to amend the budget, though for the time being measures can be paid for by making internal budget transfers, the economy minister said. Mihály Varga told public service news website hirado. hu that the government had spent almost 30 billion forints (EUR 96m) on fortifying the Serbian-Hungarian border. In addition are extra costs related to ...
Chamber Head Warns Of Migration Crisis Effects On Hungarian Businesses
- 9 Sep 2015 3:30 AM
- business
The negative economic impact of the current migration crisis is likely to be felt by a significant number of Hungarian businesses, the head of the Hungarian Chamber of Trade and Industry (MKIK) said. The migration crisis could result in instability, with a knock-on impact on domestic consumption and investments, László Parragh told a conference on small and medium-sized firms hosted by MKIK.
Hungarian Govt “Ready To Face” EC Probes
- 17 Jul 2015 9:00 AM
- business
The government is ready to face European Commission probes into Hungary’s supermarket oversight fee and health-care contribution payable by tobacco companies, government office chief János Lázár said. He insisted that the Spar supermarket chain and tobacco maker Philip Morris had filed complaints against Hungary in Brussels, and the government is ready to “argue its case”.
Hungary Rejects EC Economic Policy Advice
- 29 Jun 2015 9:00 AM
- business
Hungary cannot accept two of the European Commission’s country-specific economic policy recommendations, Prime Minister Viktor Orbán said. One of these are the comments on its fostered work programme and the other is in connection with planned budget adjustments, Orbán said after an EU summit in Brussels. The European Council has declared the recommendations “generally acceptable”, which means ...
OECD Sees Strong But Slowing Hungarian Economic Growth
- 4 Jun 2015 9:00 AM
- business
The OECD has upgraded its forecasts for Hungarian economic growth for this year to 3% from 2.1%, and to 2.2% from 1.7% for 2016. The Organisation for Economic Co-operation and Development said in its Economic Outlook that exports were expected to grow by 5.7% both this year and in 2016 and the current account surplus of 4.8% this year was likely to rise to 5.1%. Unemployment is expected to ...
CEO’s More Optimistic In Hungary
- 29 May 2015 9:00 AM
- business
Hungarian executives are optimistic about the next 12 months, and are keeping a vigilant eye on Berlin.
“Sentiment among Hungarian chief executives reflects the global trend; confidence in global growth is waning, while their expectations of their own corporate earnings are slightly more optimistic”, said Nick Kós, CEO of PricewaterhouseCoopers (PwC) Hungary in response to our enquiry.
“Sentiment among Hungarian chief executives reflects the global trend; confidence in global growth is waning, while their expectations of their own corporate earnings are slightly more optimistic”, said Nick Kós, CEO of PricewaterhouseCoopers (PwC) Hungary in response to our enquiry.
2016 Tax Changes In Hungary “Simplest Ever”
- 15 May 2015 9:00 AM
- business
The 2016 tax bill just submitted to parliament contains the shortest tax provisions ever and introduces no new taxes, state secretary András Tállai said. New elements of the tax measures include a scheme called “tax loan for growth”, which means that companies that manage to raise their pre-tax profits five-fold in a year can defer their tax payments, thereby gaining resources for further ...
Over 100,000 Hungarian Stuck With FX Loans
- 8 May 2015 9:00 AM
- business
An estimated 182,000 foreign-currency debtors can not pay back their loans, of whom 100,000 are not helped by the conversion of foreign-currency mortgage loans or other state assistance, MNB deputy governor Ádám Balog announced at a Thursday conference.
Hungary Contests EC Prohibition Of New Rates
- 19 Oct 2015 5:00 AM
- business
Hungary is appealing a prohibition of the application of steeper rates for supermarket oversight fees and tobacco company health-care contributions pending the outcome of probes by the European Commission. Hungary is contesting the prohibition with the European Court, according to a newsletter from the European Union’s judicial body.
Budget May Be Amended To Reflect Hungary’s Cost Of Migration Measures
- 15 Sep 2015 9:00 AM
- business
If the migration crisis is sustained it may be necessary to amend the budget, though for the time being measures can be paid for by making internal budget transfers, the economy minister said. Mihály Varga told public service news website hirado. hu that the government had spent almost 30 billion forints (EUR 96m) on fortifying the Serbian-Hungarian border. In addition are extra costs related to ...
Chamber Head Warns Of Migration Crisis Effects On Hungarian Businesses
- 9 Sep 2015 3:30 AM
- business
The negative economic impact of the current migration crisis is likely to be felt by a significant number of Hungarian businesses, the head of the Hungarian Chamber of Trade and Industry (MKIK) said. The migration crisis could result in instability, with a knock-on impact on domestic consumption and investments, László Parragh told a conference on small and medium-sized firms hosted by MKIK.
Hungarian Govt “Ready To Face” EC Probes
- 17 Jul 2015 9:00 AM
- business
The government is ready to face European Commission probes into Hungary’s supermarket oversight fee and health-care contribution payable by tobacco companies, government office chief János Lázár said. He insisted that the Spar supermarket chain and tobacco maker Philip Morris had filed complaints against Hungary in Brussels, and the government is ready to “argue its case”.
Hungary Rejects EC Economic Policy Advice
- 29 Jun 2015 9:00 AM
- business
Hungary cannot accept two of the European Commission’s country-specific economic policy recommendations, Prime Minister Viktor Orbán said. One of these are the comments on its fostered work programme and the other is in connection with planned budget adjustments, Orbán said after an EU summit in Brussels. The European Council has declared the recommendations “generally acceptable”, which means ...
OECD Sees Strong But Slowing Hungarian Economic Growth
- 4 Jun 2015 9:00 AM
- business
The OECD has upgraded its forecasts for Hungarian economic growth for this year to 3% from 2.1%, and to 2.2% from 1.7% for 2016. The Organisation for Economic Co-operation and Development said in its Economic Outlook that exports were expected to grow by 5.7% both this year and in 2016 and the current account surplus of 4.8% this year was likely to rise to 5.1%. Unemployment is expected to ...
CEO’s More Optimistic In Hungary
- 29 May 2015 9:00 AM
- business
Hungarian executives are optimistic about the next 12 months, and are keeping a vigilant eye on Berlin.
“Sentiment among Hungarian chief executives reflects the global trend; confidence in global growth is waning, while their expectations of their own corporate earnings are slightly more optimistic”, said Nick Kós, CEO of PricewaterhouseCoopers (PwC) Hungary in response to our enquiry.
“Sentiment among Hungarian chief executives reflects the global trend; confidence in global growth is waning, while their expectations of their own corporate earnings are slightly more optimistic”, said Nick Kós, CEO of PricewaterhouseCoopers (PwC) Hungary in response to our enquiry.
2016 Tax Changes In Hungary “Simplest Ever”
- 15 May 2015 9:00 AM
- business
The 2016 tax bill just submitted to parliament contains the shortest tax provisions ever and introduces no new taxes, state secretary András Tállai said. New elements of the tax measures include a scheme called “tax loan for growth”, which means that companies that manage to raise their pre-tax profits five-fold in a year can defer their tax payments, thereby gaining resources for further ...
Over 100,000 Hungarian Stuck With FX Loans
- 8 May 2015 9:00 AM
- business
An estimated 182,000 foreign-currency debtors can not pay back their loans, of whom 100,000 are not helped by the conversion of foreign-currency mortgage loans or other state assistance, MNB deputy governor Ádám Balog announced at a Thursday conference.