448 result(s) for recovered
EC Finds Hungary Ad Tax In Breach Of EU Rules
- 7 Nov 2016 8:00 AM
- current affairs
The European Commission said it found that a Hungarian tax on advertising is incompatible with European Union rules and ordered the country to recover taxes from companies that enjoyed an unfair advantage. The EC said the tax is in breach of EU state aid rules because its progressive tax rates grant selective advantage to certain companies.
Govt To Complete HUF 2.5 Tn Road Upgrades By 2022
- 16 Sep 2016 9:00 AM
- getting around
The government has approved 2.5 trillion forints (EUR 8bn) worth of public road upgrades in Hungary to be completed by 2022, government office chief János Lázár said on Thursday. Under the cabinet’s Wednesday decision, 81 major roads will be upgraded and some 1,000 kilometres of dual carriageways will be built, with financing from national and European Union sources, Lázár said.
MNB Foundations Spend HUF 15 Billion On Yet Another Luxury Office Building
- 12 Aug 2016 9:00 AM
- property
The old Post Service building at Budapest’s Moscow Square will be converted into a luxury office building at a cost of some HUF 7 billion (USD 25.5 million), reports Hungarian daily Magyar Nemzet. The buyer is reported to be none other than the National Bank of Hungary’s (MNB) scandal-ridden Pallas Athéné foundations.
Retail Turnover Rebounds After Sunday Shopping Restrictions Lifted
- 3 Aug 2016 9:00 AM
- shopping
Large retailers have recovered from the drop in revenue caused by Sunday shopping restrictions, the daily Magyar Nemzet said on Wednesday. Since the restrictions were lifted in April, turnover has rebounded. Retail chain Spar told the paper that 9 percent of revenue is generated on Sundays.
Hungarian Minister: European Commission’s Proposal: Nothing Short Of Dangerous
- 20 Jul 2016 9:00 AM
- current affairs
The proposal made by the European Commissioner for migration policy with respect to a completely new settlement programme is „nothing short of dangerous” as regards Hungary because it affects the country’s sovereignty, and the proposals constitute an invitation to millions more, János Lázár, the Minister heading the Prime Minister’s Office said at the press conference Governmentinfo 58 which he ...
DoS Attack Repeated Against Govt IT Network
- 5 May 2016 9:00 AM
- tech
The Hungarian government’s computer system has been repeatedly subjected to distributed denial of service (DoS) attacks, after a similar incident in early April, the interior ministry said. The “systematic attacks from foreign servers” were administered in several waves and lasted more than six hours on Tuesday evening, the ministry said.
NBH Deputy Governor: Bank To Continue Easing Cycle
- 24 Mar 2016 8:00 AM
- business
Hungary’s central bank (NBH) will cut the base rate until it reaches a rate that is consistent with its inflation target, NBH deputy governor Márton Nagy told journalists. The bank wants to keep rate the key rate low for a sustained period, he said. The NBH’s inflation target is 3% in a +/-1 percentage-point tolerance band.
MNB: Government Retaliation Against MTel Not Manipulation
- 13 Jan 2016 8:00 AM
- tech
The National Bank of Hungary (MNB) found no evidence of insider trading or market manipulation when the government pulled contracts with Magyar Telekom in retaliation for the firing of a pop star whose views on women were apparently in synch with the views of the government, state news agency MTI reported.
Experts Still Examining Seuso Treasure In Hungary
- 30 Dec 2015 8:00 AM
- community & culture
Experts are still examining the seven pieces of the late-Roman Seuso silver collection reacquired by Hungary last year, daily Népszabadság said. The collection is scheduled to be put on a permanent display in the National Museum next year, Director-General Laszlo Csorba said. The silver trays and jugs are believed to have been a part of the tableware used in a rich villa in the Balaton area, then ...
EC Finds Hungary Ad Tax In Breach Of EU Rules
- 7 Nov 2016 8:00 AM
- current affairs
The European Commission said it found that a Hungarian tax on advertising is incompatible with European Union rules and ordered the country to recover taxes from companies that enjoyed an unfair advantage. The EC said the tax is in breach of EU state aid rules because its progressive tax rates grant selective advantage to certain companies.
Govt To Complete HUF 2.5 Tn Road Upgrades By 2022
- 16 Sep 2016 9:00 AM
- getting around
The government has approved 2.5 trillion forints (EUR 8bn) worth of public road upgrades in Hungary to be completed by 2022, government office chief János Lázár said on Thursday. Under the cabinet’s Wednesday decision, 81 major roads will be upgraded and some 1,000 kilometres of dual carriageways will be built, with financing from national and European Union sources, Lázár said.
MNB Foundations Spend HUF 15 Billion On Yet Another Luxury Office Building
- 12 Aug 2016 9:00 AM
- property
The old Post Service building at Budapest’s Moscow Square will be converted into a luxury office building at a cost of some HUF 7 billion (USD 25.5 million), reports Hungarian daily Magyar Nemzet. The buyer is reported to be none other than the National Bank of Hungary’s (MNB) scandal-ridden Pallas Athéné foundations.
Retail Turnover Rebounds After Sunday Shopping Restrictions Lifted
- 3 Aug 2016 9:00 AM
- shopping
Large retailers have recovered from the drop in revenue caused by Sunday shopping restrictions, the daily Magyar Nemzet said on Wednesday. Since the restrictions were lifted in April, turnover has rebounded. Retail chain Spar told the paper that 9 percent of revenue is generated on Sundays.
Hungarian Minister: European Commission’s Proposal: Nothing Short Of Dangerous
- 20 Jul 2016 9:00 AM
- current affairs
The proposal made by the European Commissioner for migration policy with respect to a completely new settlement programme is „nothing short of dangerous” as regards Hungary because it affects the country’s sovereignty, and the proposals constitute an invitation to millions more, János Lázár, the Minister heading the Prime Minister’s Office said at the press conference Governmentinfo 58 which he ...
DoS Attack Repeated Against Govt IT Network
- 5 May 2016 9:00 AM
- tech
The Hungarian government’s computer system has been repeatedly subjected to distributed denial of service (DoS) attacks, after a similar incident in early April, the interior ministry said. The “systematic attacks from foreign servers” were administered in several waves and lasted more than six hours on Tuesday evening, the ministry said.
NBH Deputy Governor: Bank To Continue Easing Cycle
- 24 Mar 2016 8:00 AM
- business
Hungary’s central bank (NBH) will cut the base rate until it reaches a rate that is consistent with its inflation target, NBH deputy governor Márton Nagy told journalists. The bank wants to keep rate the key rate low for a sustained period, he said. The NBH’s inflation target is 3% in a +/-1 percentage-point tolerance band.
MNB: Government Retaliation Against MTel Not Manipulation
- 13 Jan 2016 8:00 AM
- tech
The National Bank of Hungary (MNB) found no evidence of insider trading or market manipulation when the government pulled contracts with Magyar Telekom in retaliation for the firing of a pop star whose views on women were apparently in synch with the views of the government, state news agency MTI reported.
Experts Still Examining Seuso Treasure In Hungary
- 30 Dec 2015 8:00 AM
- community & culture
Experts are still examining the seven pieces of the late-Roman Seuso silver collection reacquired by Hungary last year, daily Népszabadság said. The collection is scheduled to be put on a permanent display in the National Museum next year, Director-General Laszlo Csorba said. The silver trays and jugs are believed to have been a part of the tableware used in a rich villa in the Balaton area, then ...