266 result(s) for profits
Socialists Slam ‘Wasteful Spending’
- 6 Jun 2016 9:00 AM
- current affairs
The opposition Socialists savaged the ruling Fidesz party for what they insisted is an economic slowdown in Hungary coupled with the low financing of public services. “While companies linked to Prime Minister Viktor Orbán and his friends operate with 35-40% profits, developments in the public sector and investments in hospitals, schools and social institutions are being reduced at a similar ...
Opposition Slams Central Bank For Deals With Offshore Businesses
- 30 May 2016 9:00 AM
- business
The central bank and its foundations are doing business with offshore companies including property purchases and the bank has become a “five-star hotel for offshore knights”, the green opposition LMP said on Saturday. LMP has proposed in parliament that the central bank should transfer its profits to the central budget but the ruling majority has rejected this, deputy group leader Erzsébet ...
MNB: Hungarian Banks See Profits Rise By 209% In Q1
- 27 May 2016 9:00 AM
- business
Combined first-quarter after-tax profit of Hungarian banks rose 209% compared to the same period a year earlier, reaching HUF 191.4 billion, data released by the National Bank of Hungary (MNB) today show, according to Hungarian news agency MTI.
Tarlós: City Council To Continue Supporting Festival Orchestra
- 10 May 2016 9:00 AM
- community & culture
The Budapest city council will in the future continue to support the Budapest Festival Orchestra to the extent that its budget permits, Budapest Mayor István Tarlós said. Last month, the Municipal Assembly voted to cut funding for the orchestra by 200 million forints (EUR 940,000) to 60 million.
Govt To Nationalise Public Catering Services
- 31 Mar 2016 9:00 AM
- food & drink
Prices for public catering services are expected to drop as a result of the planned nationalisation of such services, daily Magyar Idők reported. Talks have already started about transferring control over all public catering services from local councils to the state. Government office chief János Lázár said prices could drop as a result of the move.
EU Court Of Justice Hands Down Landmark Ruling In Casino Case
- 31 Mar 2016 9:00 AM
- business
The European Union Court of Justice has just handed down a landmark decision in a case pertaining to Hungary’s decision to deprive some 1,200 companies of their businesses, reports Hungarian news site 24.hu. The court’s decision has paved the way for the plaintiffs to sue the Hungarian state for enormous damages.
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.
Parties React To Central Bank Law
- 2 Mar 2016 8:00 AM
- current affairs
Fidesz group leader Lajos Kósa, asked at the press conference why the assets of the central bank’s foundations would no longer be considered as public funds, the funds donated by the founder would “lose their earlier character” and become “foundation money”.
EC Launches Infringement Procedure Against Hungary Over Unprofitable Supermarkets Law
- 26 Feb 2016 11:00 AM
- shopping
The European Commission (EC) has launched an infringement procedure against Hungary over a law on unprofitable supermarkets as it believes the legislation could restrict the freedom of establishment.
Socialists Slam ‘Wasteful Spending’
- 6 Jun 2016 9:00 AM
- current affairs
The opposition Socialists savaged the ruling Fidesz party for what they insisted is an economic slowdown in Hungary coupled with the low financing of public services. “While companies linked to Prime Minister Viktor Orbán and his friends operate with 35-40% profits, developments in the public sector and investments in hospitals, schools and social institutions are being reduced at a similar ...
Opposition Slams Central Bank For Deals With Offshore Businesses
- 30 May 2016 9:00 AM
- business
The central bank and its foundations are doing business with offshore companies including property purchases and the bank has become a “five-star hotel for offshore knights”, the green opposition LMP said on Saturday. LMP has proposed in parliament that the central bank should transfer its profits to the central budget but the ruling majority has rejected this, deputy group leader Erzsébet ...
MNB: Hungarian Banks See Profits Rise By 209% In Q1
- 27 May 2016 9:00 AM
- business
Combined first-quarter after-tax profit of Hungarian banks rose 209% compared to the same period a year earlier, reaching HUF 191.4 billion, data released by the National Bank of Hungary (MNB) today show, according to Hungarian news agency MTI.
Tarlós: City Council To Continue Supporting Festival Orchestra
- 10 May 2016 9:00 AM
- community & culture
The Budapest city council will in the future continue to support the Budapest Festival Orchestra to the extent that its budget permits, Budapest Mayor István Tarlós said. Last month, the Municipal Assembly voted to cut funding for the orchestra by 200 million forints (EUR 940,000) to 60 million.
Govt To Nationalise Public Catering Services
- 31 Mar 2016 9:00 AM
- food & drink
Prices for public catering services are expected to drop as a result of the planned nationalisation of such services, daily Magyar Idők reported. Talks have already started about transferring control over all public catering services from local councils to the state. Government office chief János Lázár said prices could drop as a result of the move.
EU Court Of Justice Hands Down Landmark Ruling In Casino Case
- 31 Mar 2016 9:00 AM
- business
The European Union Court of Justice has just handed down a landmark decision in a case pertaining to Hungary’s decision to deprive some 1,200 companies of their businesses, reports Hungarian news site 24.hu. The court’s decision has paved the way for the plaintiffs to sue the Hungarian state for enormous damages.
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.
Parties React To Central Bank Law
- 2 Mar 2016 8:00 AM
- current affairs
Fidesz group leader Lajos Kósa, asked at the press conference why the assets of the central bank’s foundations would no longer be considered as public funds, the funds donated by the founder would “lose their earlier character” and become “foundation money”.
EC Launches Infringement Procedure Against Hungary Over Unprofitable Supermarkets Law
- 26 Feb 2016 11:00 AM
- shopping
The European Commission (EC) has launched an infringement procedure against Hungary over a law on unprofitable supermarkets as it believes the legislation could restrict the freedom of establishment.