111 result(s) for reduction in Business
Govt To Cut Payroll Tax 2.5 Pps Next Year
- 22 Sep 2017 8:48 AM
- business
Hungary’s government plans to cut the payroll tax by 2.5 percentage points next year rather than by 2pps in reaction to fast wage growth, Economy Minister Mihály Varga said. Varga noted that the government had agreed with employers and unions late last year to reduce the payroll tax by a further 2 percentage points in 2018 but would widen the cut to 2.5 percentage points if gross wage growth ...
Hungary Gross Wages Up 13.1% Yr/Yr In July
- 21 Sep 2017 8:48 AM
- business
The average gross wage in Hungary rose by an annual 13.1% to 290,450 forints in July, the Central Statistical Office (KSH) said. Net wages grew at the same pace as gross wages, also growing by 13.1%, to 193,149 forints.
S&P’s Revises Outlook On Hungary Rating To ‘Positive’
- 29 Aug 2017 12:40 PM
- business
Standard and Poor’s Global Ratings on Friday said it revised the outlook on Hungary’s ‘BBB-/A-3’ long- and short-term foreign and local currency sovereign credit ratings to ‘positive’ from ‘stable’. This new rating shows that the government has handled challenges well with its economic policies, Economy Minister Mihály Varga told MTI.
Hungary Gross Wages Climb 14.4% In June
- 23 Aug 2017 9:00 AM
- business
The average gross monthly wage in Hungary rose by an annual 14.4% to 297,251 forints (EUR 976) in June, the Central Statistical Office (KSH) said.Net wages grew at the same pace as gross wages did to reach 197,672 forints.
Net Average Wage In Hungary Reaches EUR 649 In June
- 23 Aug 2017 9:00 AM
- business
The average gross monthly wage in Hungary rose by annual 14.4 percent to 297,251 (EUR 976) forints in June, the Central Statistics Office (KSH) said on Tuesday. Net wages grew at the same pace as gross wages did to reach 197,672 forints (EUR 649).
IMF Welcomes Hungary’s Strong Economic Performance, But Calls For Structural Reforms
- 15 May 2017 9:16 AM
- business
Executive directors of the International Monetary Fund (IMF) have praised Hungary for its continued strong economic performance but noted that the still high external and public debt levels call for rebalancing the policy mix and advancing structural reforms, in a statement issued on Friday.
EBRD Lifts Hungary Growth Forecast
- 11 May 2017 9:00 AM
- business
The European Bank for Reconstruction and Development (EBRD) forecasts Hungarian economic growth of an annual 3% in 2017 and 2018, the organisation said in its latest Regional Economic Prospects report. The EBRD raised its GDP growth forecast for 2017 from 2.4%.
IMF: Hungary Outlook ‘Favourable’ But ‘Subject To Risks’
- 13 Mar 2017 5:50 AM
- business
The International Monetary Fund (IMF) said Hungary’s medium-term outlook “remains favourable but is subject to risks”. Its economic growth is projected to be 3 percent this year, driven by a recovery in absorption of EU funding and strong consumption as wage increases boost disposable income, IMF staff said in a statement on Thursday after regular consultations in Budapest held between February ...
EC: Economy On Track, But Hungary Slow To Act On Recommendations
- 23 Feb 2017 6:50 AM
- business
The European Commission acknowledged Hungary’s “solid” economic performance and improved labour market situation, but said the country had made “limited progress” in addressing recommendations made in 2016 in a European Semester report released on Wednesday.
Govt To Cut Payroll Tax 2.5 Pps Next Year
- 22 Sep 2017 8:48 AM
- business
Hungary’s government plans to cut the payroll tax by 2.5 percentage points next year rather than by 2pps in reaction to fast wage growth, Economy Minister Mihály Varga said. Varga noted that the government had agreed with employers and unions late last year to reduce the payroll tax by a further 2 percentage points in 2018 but would widen the cut to 2.5 percentage points if gross wage growth ...
Hungary Gross Wages Up 13.1% Yr/Yr In July
- 21 Sep 2017 8:48 AM
- business
The average gross wage in Hungary rose by an annual 13.1% to 290,450 forints in July, the Central Statistical Office (KSH) said. Net wages grew at the same pace as gross wages, also growing by 13.1%, to 193,149 forints.
S&P’s Revises Outlook On Hungary Rating To ‘Positive’
- 29 Aug 2017 12:40 PM
- business
Standard and Poor’s Global Ratings on Friday said it revised the outlook on Hungary’s ‘BBB-/A-3’ long- and short-term foreign and local currency sovereign credit ratings to ‘positive’ from ‘stable’. This new rating shows that the government has handled challenges well with its economic policies, Economy Minister Mihály Varga told MTI.
Hungary Gross Wages Climb 14.4% In June
- 23 Aug 2017 9:00 AM
- business
The average gross monthly wage in Hungary rose by an annual 14.4% to 297,251 forints (EUR 976) in June, the Central Statistical Office (KSH) said.Net wages grew at the same pace as gross wages did to reach 197,672 forints.
Net Average Wage In Hungary Reaches EUR 649 In June
- 23 Aug 2017 9:00 AM
- business
The average gross monthly wage in Hungary rose by annual 14.4 percent to 297,251 (EUR 976) forints in June, the Central Statistics Office (KSH) said on Tuesday. Net wages grew at the same pace as gross wages did to reach 197,672 forints (EUR 649).
IMF Welcomes Hungary’s Strong Economic Performance, But Calls For Structural Reforms
- 15 May 2017 9:16 AM
- business
Executive directors of the International Monetary Fund (IMF) have praised Hungary for its continued strong economic performance but noted that the still high external and public debt levels call for rebalancing the policy mix and advancing structural reforms, in a statement issued on Friday.
EBRD Lifts Hungary Growth Forecast
- 11 May 2017 9:00 AM
- business
The European Bank for Reconstruction and Development (EBRD) forecasts Hungarian economic growth of an annual 3% in 2017 and 2018, the organisation said in its latest Regional Economic Prospects report. The EBRD raised its GDP growth forecast for 2017 from 2.4%.
IMF: Hungary Outlook ‘Favourable’ But ‘Subject To Risks’
- 13 Mar 2017 5:50 AM
- business
The International Monetary Fund (IMF) said Hungary’s medium-term outlook “remains favourable but is subject to risks”. Its economic growth is projected to be 3 percent this year, driven by a recovery in absorption of EU funding and strong consumption as wage increases boost disposable income, IMF staff said in a statement on Thursday after regular consultations in Budapest held between February ...
EC: Economy On Track, But Hungary Slow To Act On Recommendations
- 23 Feb 2017 6:50 AM
- business
The European Commission acknowledged Hungary’s “solid” economic performance and improved labour market situation, but said the country had made “limited progress” in addressing recommendations made in 2016 in a European Semester report released on Wednesday.