1,693 result(s) for reduce
Orbán: Hungary On Right Track
- 8 Jan 2016 3:00 AM
- current affairs
Assessing the situation in Hungary in a radio interview, PM Viktor Orbán said that based on the past five years it was clear that the country is progressing in a way that everyone can feel that “steps are being taken in a forward direction from year to year”. This year will follow suit, he said, citing government measures such as a tax cut, a hike in the minimum wage and the homebuilding scheme ...
Snow Causes Disruptions Throughout Hungary
- 5 Jan 2016 8:10 AM
- current affairs
Snowfall caused disruptions throughout Hungary on Monday. Road accidents were many and trains were delayed, though no flight cancellations were reported from Budapest’s international Liszt Ferenc airport. Runways at the airport are being continually cleared of snow and only minor departure delays are expected due to time taken to defrost aircraft, Budapest Airport spokesman Mihály Hardy said.
More Than 50,000 Jobs Added In Hungary
- 5 Jan 2016 3:00 AM
- business
Commenting on the jobs data, ING Bank chief analyst András Balatoni said the more than 50,000 jobs added on the primary labour market showed the spill-over effect of economic growth. Takarékbank analyst Gergely Suppan said the latest gauges of business confidence suggest employment could rise further in future. Erste analyst Gergely Ürmössy said the unemployment rate is better than earlier ...
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Hungary Net External Financing Capacity At 9% Of GDP In Q3
- 24 Dec 2015 8:00 AM
- business
Adjusted for seasonal effects, Hungary’s net external financing capacity was 2.502 billion Euros or 9% of quarterly GDP in the third quarter, balance of payment data published by the National Bank of Hungary on Wednesday show. The adjusted Q3 surplus was down from the second quarter when it reached 2.621 billion Euros. It was up 668 million Euros from a year earlier.
Hungarian State To Grant HUF 10 Million Aid To Couples Agreeing To Have Three Children
- 21 Dec 2015 8:00 AM
- current affairs
The State will grant HUF 10 million non-repayable aid for the purchase of new homes to young couples who agree to have three children within ten years, the Minister heading the Prime Minister’s Office announced at the press conference Governmentinfo 35 which he held jointly with Government Spokesperson Zoltán Kovács.
Hungarian Lawmakers Pass Law On VAT Cut For New Home Building
- 16 Dec 2015 8:00 AM
- property
Lawmakers approved a bill to reduce value added tax (VAT) on new-build homes from 27% to 5% between 2016 and 2019. Submitted by Economy Minister Mihály Varga and cabinet chief Antal Rogán, the law states that a 5% VAT rate applies to homes built between 2016 and 2019, mainly applying to blocks of flats built in housing parks with an area of less than 150 square meters each or to standalone homes ...
Traffic Surveillance System In Hungary To Be Completed By Year-End
- 16 Dec 2015 8:00 AM
- getting around
Hungary’s intelligent traffic surveillance system is set to be installed by the end of the year, the deputy national police chief said. The network dubbed “Véda” was financed in part by 14.5 billion forints (EUR 46m) of EU funds and will include 160 mobile speed cameras and 365 complex traffic control points on a total of 134 roads, Zsolt Halmosi told a press conference.
Hungarian Govt Proposes Reduced Banking Tax From Jan 1
- 12 Dec 2015 8:00 AM
- business
The government has proposed lowering the banking tax as of January 2016 from 0.31% to 0.24%, the economy ministry said. The reduction was proposed based on informal signals from the European Commission and an agreement with the European Bank for Reconstruction and Development (EBRD), the ministry said. The tax’s lower bracket would remain the same, 0.15% up to 50 billion forints.
Orbán: Hungary On Right Track
- 8 Jan 2016 3:00 AM
- current affairs
Assessing the situation in Hungary in a radio interview, PM Viktor Orbán said that based on the past five years it was clear that the country is progressing in a way that everyone can feel that “steps are being taken in a forward direction from year to year”. This year will follow suit, he said, citing government measures such as a tax cut, a hike in the minimum wage and the homebuilding scheme ...
Snow Causes Disruptions Throughout Hungary
- 5 Jan 2016 8:10 AM
- current affairs
Snowfall caused disruptions throughout Hungary on Monday. Road accidents were many and trains were delayed, though no flight cancellations were reported from Budapest’s international Liszt Ferenc airport. Runways at the airport are being continually cleared of snow and only minor departure delays are expected due to time taken to defrost aircraft, Budapest Airport spokesman Mihály Hardy said.
More Than 50,000 Jobs Added In Hungary
- 5 Jan 2016 3:00 AM
- business
Commenting on the jobs data, ING Bank chief analyst András Balatoni said the more than 50,000 jobs added on the primary labour market showed the spill-over effect of economic growth. Takarékbank analyst Gergely Suppan said the latest gauges of business confidence suggest employment could rise further in future. Erste analyst Gergely Ürmössy said the unemployment rate is better than earlier ...
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Hungary Net External Financing Capacity At 9% Of GDP In Q3
- 24 Dec 2015 8:00 AM
- business
Adjusted for seasonal effects, Hungary’s net external financing capacity was 2.502 billion Euros or 9% of quarterly GDP in the third quarter, balance of payment data published by the National Bank of Hungary on Wednesday show. The adjusted Q3 surplus was down from the second quarter when it reached 2.621 billion Euros. It was up 668 million Euros from a year earlier.
Hungarian State To Grant HUF 10 Million Aid To Couples Agreeing To Have Three Children
- 21 Dec 2015 8:00 AM
- current affairs
The State will grant HUF 10 million non-repayable aid for the purchase of new homes to young couples who agree to have three children within ten years, the Minister heading the Prime Minister’s Office announced at the press conference Governmentinfo 35 which he held jointly with Government Spokesperson Zoltán Kovács.
Hungarian Lawmakers Pass Law On VAT Cut For New Home Building
- 16 Dec 2015 8:00 AM
- property
Lawmakers approved a bill to reduce value added tax (VAT) on new-build homes from 27% to 5% between 2016 and 2019. Submitted by Economy Minister Mihály Varga and cabinet chief Antal Rogán, the law states that a 5% VAT rate applies to homes built between 2016 and 2019, mainly applying to blocks of flats built in housing parks with an area of less than 150 square meters each or to standalone homes ...
Traffic Surveillance System In Hungary To Be Completed By Year-End
- 16 Dec 2015 8:00 AM
- getting around
Hungary’s intelligent traffic surveillance system is set to be installed by the end of the year, the deputy national police chief said. The network dubbed “Véda” was financed in part by 14.5 billion forints (EUR 46m) of EU funds and will include 160 mobile speed cameras and 365 complex traffic control points on a total of 134 roads, Zsolt Halmosi told a press conference.
Hungarian Govt Proposes Reduced Banking Tax From Jan 1
- 12 Dec 2015 8:00 AM
- business
The government has proposed lowering the banking tax as of January 2016 from 0.31% to 0.24%, the economy ministry said. The reduction was proposed based on informal signals from the European Commission and an agreement with the European Bank for Reconstruction and Development (EBRD), the ministry said. The tax’s lower bracket would remain the same, 0.15% up to 50 billion forints.