93 result(s) for red country in Business
Hungarian Parties, Analysts React To 2016 Budget Proposal
- 22 Apr 2015 9:00 AM
- business
Antal Rogán, head of the Fidesz parliamentary group, said Fidesz called the planned 2016 budget “a milestone on the path of tax cuts” and insisted that the government is a “cabinet of tax reductions”. Analysts polled by MTI said the macro figures for the 2016 budget were realistic.
EU Suspends Payment Of USD 2.6 Billion Of Development Funds To Hungary
- 16 Apr 2015 11:50 AM
- business
The European Union is suspending EU transfers to Hungary which are connected to the economic development operative programs. The projects at the source of the program have already been completed and their contractors have been paid. The suspension of funds affects roughly HUF 700 billion (USD 2.6 billion) in EU development funds. Hungary’s government estimates it will have to pay back around 10 ...
Hungary Near Top On The “Corrupt Countries” List
- 9 Apr 2015 9:00 AM
- business
There are a variety of signs, some screaming to be notices, others barely visible that signal corruption could be present in a public procurement. Hungary came out near the top of a sample of countries that were showing signs of corruption, István János Tóth, co-founder and director of Corruption Research Center, Budapest (CRCB), tells business website portfolio.hu.
Standard & Poor’s Upgrades Hungary’s Junk Credit Rating
- 23 Mar 2015 8:00 AM
- business
Hungary’s junk credit rating has been upgraded by Standard & Poor’s, which cited the country’s improving growth outlook and its better preparedness to handle unexpected crises. Hungary had lost its investment grade credit rating as far back as 2011. S&P said in a statement Friday that it was raising Hungary’s rating from BB to BB+, one step below investment grade, bringing its assessment in line ...
OECD Report On Hungarian Economic Policy Reforms
- 10 Feb 2015 8:00 AM
- business
Going for Growth, an annual study of the Organization for Economic Co-operation and Development (OECD), provides an analysis of the reforms put in place by each member country – among them Hungary – from the aspect of economic growth.
Varga: Eliminating Forex Loans In Hungary Has Been Right Decision
- 16 Jan 2015 8:00 AM
- business
The Swiss central bank’s removal of a minimum franc-euro rate has confirmed that the Hungarian government made the right decision of eliminating forex loans from the country’s banking system in 2015, Mihály Varga, the economy minister, told government portal kormany.hu.
EC: Hungary On Track For Deficit Target, Not On Debt
- 3 Dec 2014 8:00 AM
- business
The European Commission said Hungary is “on track” to achieving this year’s deficit target of 2.9% of gross domestic product (GDP), but added that state debt is “not yet on a firm downward path” in a memo following a postprogramme surveillance mission to the country. The EC said that the projected pace of debt reduction “appears at risk of breaching the requirements of the Stability and Growth ...
Varga: Hungarian Govt Not Mulling Corporate Tax Changes
- 22 Oct 2014 9:00 AM
- business
The government is not planning to change the taxation rate for companies next year but the longterm goal is to have a flat-rate tax, Mihály Varga, the economy minister, told a press conference. Presenting details of the government’s tax proposals, Varga said that small and medium-size ventures would continue to pay a 10% corporate tax, and large companies 19%.
Hungary’s EU Commissioner: Fiscal Rigour Not Enough To Revive Economy
- 14 Oct 2014 9:00 AM
- business
Fiscal rigour in itself is not sufficient to resolve economic problems arising from the global crisis; employment and social issues also need to be addressed, László Andor, Hungary’s European commissioner for employment, welfare and social inclusion, told a conference in Budapest on Monday.
Hungarian Parties, Analysts React To 2016 Budget Proposal
- 22 Apr 2015 9:00 AM
- business
Antal Rogán, head of the Fidesz parliamentary group, said Fidesz called the planned 2016 budget “a milestone on the path of tax cuts” and insisted that the government is a “cabinet of tax reductions”. Analysts polled by MTI said the macro figures for the 2016 budget were realistic.
EU Suspends Payment Of USD 2.6 Billion Of Development Funds To Hungary
- 16 Apr 2015 11:50 AM
- business
The European Union is suspending EU transfers to Hungary which are connected to the economic development operative programs. The projects at the source of the program have already been completed and their contractors have been paid. The suspension of funds affects roughly HUF 700 billion (USD 2.6 billion) in EU development funds. Hungary’s government estimates it will have to pay back around 10 ...
Hungary Near Top On The “Corrupt Countries” List
- 9 Apr 2015 9:00 AM
- business
There are a variety of signs, some screaming to be notices, others barely visible that signal corruption could be present in a public procurement. Hungary came out near the top of a sample of countries that were showing signs of corruption, István János Tóth, co-founder and director of Corruption Research Center, Budapest (CRCB), tells business website portfolio.hu.
Standard & Poor’s Upgrades Hungary’s Junk Credit Rating
- 23 Mar 2015 8:00 AM
- business
Hungary’s junk credit rating has been upgraded by Standard & Poor’s, which cited the country’s improving growth outlook and its better preparedness to handle unexpected crises. Hungary had lost its investment grade credit rating as far back as 2011. S&P said in a statement Friday that it was raising Hungary’s rating from BB to BB+, one step below investment grade, bringing its assessment in line ...
OECD Report On Hungarian Economic Policy Reforms
- 10 Feb 2015 8:00 AM
- business
Going for Growth, an annual study of the Organization for Economic Co-operation and Development (OECD), provides an analysis of the reforms put in place by each member country – among them Hungary – from the aspect of economic growth.
Varga: Eliminating Forex Loans In Hungary Has Been Right Decision
- 16 Jan 2015 8:00 AM
- business
The Swiss central bank’s removal of a minimum franc-euro rate has confirmed that the Hungarian government made the right decision of eliminating forex loans from the country’s banking system in 2015, Mihály Varga, the economy minister, told government portal kormany.hu.
EC: Hungary On Track For Deficit Target, Not On Debt
- 3 Dec 2014 8:00 AM
- business
The European Commission said Hungary is “on track” to achieving this year’s deficit target of 2.9% of gross domestic product (GDP), but added that state debt is “not yet on a firm downward path” in a memo following a postprogramme surveillance mission to the country. The EC said that the projected pace of debt reduction “appears at risk of breaching the requirements of the Stability and Growth ...
Varga: Hungarian Govt Not Mulling Corporate Tax Changes
- 22 Oct 2014 9:00 AM
- business
The government is not planning to change the taxation rate for companies next year but the longterm goal is to have a flat-rate tax, Mihály Varga, the economy minister, told a press conference. Presenting details of the government’s tax proposals, Varga said that small and medium-size ventures would continue to pay a 10% corporate tax, and large companies 19%.
Hungary’s EU Commissioner: Fiscal Rigour Not Enough To Revive Economy
- 14 Oct 2014 9:00 AM
- business
Fiscal rigour in itself is not sufficient to resolve economic problems arising from the global crisis; employment and social issues also need to be addressed, László Andor, Hungary’s European commissioner for employment, welfare and social inclusion, told a conference in Budapest on Monday.