81 result(s) for payment proposal
Hungarian Cabinet Disputes Brussels Decision
- 29 Feb 2012 8:00 AM
- current affairs
"The European Commission’s (EC) proposal to freeze cohesion fund payments to Hungary is unfounded and unfair, the government said in response. It is impossible to comprehend why the Commission has ignored the fact that, for the first time since joining the EU, Hungary's budget deficit was below 3% of GDP in 2011 and will remain under that figure this year, prime ministerial spokesman Peter ...
EU Threatens To Withhold Funds From Hungary Over Budget Indiscipline
- 28 Feb 2012 8:00 AM
- business
"The European Commission (EC) yesterday proposed to withhold the transfer of some €495 million of cohesion funds to Hungary from 2013, if the government does not demonstrate the capacity to keep the budget deficit below 3% of GDP in a sustainable manner, EU Finance Commissioner Olli Rehn and Regions Commissioner Johannes Hahn announced last week.
EC Proposes Suspending Euro 495m Funds To Hungary
- 23 Feb 2012 10:50 AM
- current affairs
The European Commission has proposed to suspend EUR 495 184 000 of Cohesion Fund commitments taking effect on 1 January 2013, representing 0.5 % of GDP and 29% of the country's cohesion fund allocations for 2013. This unprecedented step follows the Commission's repeated warnings to Hungary urging it to step up its efforts to end the country's excessive government deficit, and its subsequent ...
Colling Accounting: Changes In Hungarian Tax Legislation 2011
- 17 Dec 2010 2:00 AM
- specials
"2011 is the year of tax legislation changes, as tax laws this year have changed even more frequently than in previous years. Instead of – sometimes necessary, but often inspired by sudden ideas and consequently brush-fire nature (often surviving only for one year) – austerity measures taken in previous years, we can now witness the fundaments of an entirely different system taking form, which ...
Hungarian Gov’t To Tax Severance Pay Since 2005
- 10 Nov 2010 12:00 AM
- current affairs
"The government will make the 98% tax on severance pay above a certain sum retroactive to 2005, under a proposal put forward yesterday by caucus leader János Lázár. The Constitutional Court struck down the 98% tax last month, in part because it had retroactive effect to the beginning of 2010.
Hungary's Fidesz May Temper Constitutional Curb
- 8 Nov 2010 1:00 AM
- current affairs
"The motion to limit the purview of the Constitutional Court submitted to Parliament by Fidesz MP János Lázár could be fine-tuned, Parliament’s constitutional committee chairman István Balsai told reporters yesterday.
Fidesz To Amend Act On Civil Servants In Hungary
- 2 Nov 2010 12:00 AM
- current affairs
"Fidesz is planning to dismiss 25-30,000 public sector workers and has submitted a motion to Parliament amending the act on public employees that will allow the state to sack civil servants without explanation.
PM Orbán, OTP Bank Chief Csányi On Hungary Bank Tax
- 9 Jul 2010 1:00 AM
- business
"Hungary is not going to open a debate on the 2010 banking tax, not even with international lenders, Prime Minister Viktor Orbán said after a meeting with OTP President and CEO Sándor Csányi on Thursday. Csányi said he believed it was impossible that banks would seek to pass on the tax burden to clients. OTP is estimated to pay HUF 35 billion bank tax this year.
Hungary Magyar Telekom To Provide Gas And Electricity Services
- 12 Mar 2010 12:00 AM
- business
"Management of Hungarian telecoms group Magyar Telekom have on Thursday confirmed market rumours that the company intends to enter the energy market as a service provider. Although MTel’s primary means to give cash to its shareholders remains dividend payment, it aims to keep its option open to repurchase own shares, CFO Tilo Kusch told a background meeting with journalists.
Hungarian Cabinet Disputes Brussels Decision
- 29 Feb 2012 8:00 AM
- current affairs
"The European Commission’s (EC) proposal to freeze cohesion fund payments to Hungary is unfounded and unfair, the government said in response. It is impossible to comprehend why the Commission has ignored the fact that, for the first time since joining the EU, Hungary's budget deficit was below 3% of GDP in 2011 and will remain under that figure this year, prime ministerial spokesman Peter ...
EU Threatens To Withhold Funds From Hungary Over Budget Indiscipline
- 28 Feb 2012 8:00 AM
- business
"The European Commission (EC) yesterday proposed to withhold the transfer of some €495 million of cohesion funds to Hungary from 2013, if the government does not demonstrate the capacity to keep the budget deficit below 3% of GDP in a sustainable manner, EU Finance Commissioner Olli Rehn and Regions Commissioner Johannes Hahn announced last week.
EC Proposes Suspending Euro 495m Funds To Hungary
- 23 Feb 2012 10:50 AM
- current affairs
The European Commission has proposed to suspend EUR 495 184 000 of Cohesion Fund commitments taking effect on 1 January 2013, representing 0.5 % of GDP and 29% of the country's cohesion fund allocations for 2013. This unprecedented step follows the Commission's repeated warnings to Hungary urging it to step up its efforts to end the country's excessive government deficit, and its subsequent ...
Colling Accounting: Changes In Hungarian Tax Legislation 2011
- 17 Dec 2010 2:00 AM
- specials
"2011 is the year of tax legislation changes, as tax laws this year have changed even more frequently than in previous years. Instead of – sometimes necessary, but often inspired by sudden ideas and consequently brush-fire nature (often surviving only for one year) – austerity measures taken in previous years, we can now witness the fundaments of an entirely different system taking form, which ...
Hungarian Gov’t To Tax Severance Pay Since 2005
- 10 Nov 2010 12:00 AM
- current affairs
"The government will make the 98% tax on severance pay above a certain sum retroactive to 2005, under a proposal put forward yesterday by caucus leader János Lázár. The Constitutional Court struck down the 98% tax last month, in part because it had retroactive effect to the beginning of 2010.
Hungary's Fidesz May Temper Constitutional Curb
- 8 Nov 2010 1:00 AM
- current affairs
"The motion to limit the purview of the Constitutional Court submitted to Parliament by Fidesz MP János Lázár could be fine-tuned, Parliament’s constitutional committee chairman István Balsai told reporters yesterday.
Fidesz To Amend Act On Civil Servants In Hungary
- 2 Nov 2010 12:00 AM
- current affairs
"Fidesz is planning to dismiss 25-30,000 public sector workers and has submitted a motion to Parliament amending the act on public employees that will allow the state to sack civil servants without explanation.
PM Orbán, OTP Bank Chief Csányi On Hungary Bank Tax
- 9 Jul 2010 1:00 AM
- business
"Hungary is not going to open a debate on the 2010 banking tax, not even with international lenders, Prime Minister Viktor Orbán said after a meeting with OTP President and CEO Sándor Csányi on Thursday. Csányi said he believed it was impossible that banks would seek to pass on the tax burden to clients. OTP is estimated to pay HUF 35 billion bank tax this year.
Hungary Magyar Telekom To Provide Gas And Electricity Services
- 12 Mar 2010 12:00 AM
- business
"Management of Hungarian telecoms group Magyar Telekom have on Thursday confirmed market rumours that the company intends to enter the energy market as a service provider. Although MTel’s primary means to give cash to its shareholders remains dividend payment, it aims to keep its option open to repurchase own shares, CFO Tilo Kusch told a background meeting with journalists.