543 result(s) for reduction
Hungarian Parlt Raises Tax On Fruit Brandy Pálinka
- 18 Nov 2015 8:00 AM
- business
Parliament raised the tax on distillation of Hungarian pálinka fruit brandy for personal consumption by 700 forints (EUR 2.24) per litre to comply with a ruling by the European Court. From January it will be obligatory to purchase “distillation stamps” for every litre of pálinka. Individuals may purchase between 5 and 86 of the 700 forint stamps.
Hungarian Parlt Passes Taxpayer Classification, Red Tape Reduction Laws
- 18 Nov 2015 8:00 AM
- business
Lawmakers approved bills on cutting red tape and classifying taxpayers based on tax compliance risk. The bill put forward by government office chief János Lázár aims to simplify and speed up public administration, scale back the number of steps needed to obtain permits and reduce completion deadlines. Activities no longer requiring permits will include the sale of precious metal jewellery, ...
Hungary’s PM: Europe In Midst Of “Mass Invasion,” Of Which Not Fully Aware
- 5 Nov 2015 8:00 AM
- current affairs
Europe is in the midst of “mass invasion”, but is “not yet fully aware” of the challenge it poses to the continent’s culture, way of life and conduct of affairs, the prime minister said at the opening of the World Science Forum conference in Budapest. This mass migration poses a never-before-seen challenge and it can “crush and bury the way of life we have known until now,” Viktor Orbán said, ...
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Environmental Watch Party In Budapest
- 20 Oct 2015 10:00 AM
- business
By Liz Frommer: The Kyoto Protocol is 18 years old. Then, in 1997, countries began negotiations to reduce their greenhouse gas emissions; yet nearly 20 years later, the world is still waiting for an agreement to be reached wherein the greatest producers of GHGs are on board in full.
Contract Distillation Of Pálinka In Hungary Drops By 80%
- 15 Oct 2015 5:00 AM
- food & drink
Distilleries in Hungary have produced 2 million litres of fruit brandy pálinka this year, less than 20% of the amount distilled in 2014; the drastic drop largely resulted from the elimination of tax exemption for home distillation of spirits from January 2015, daily Magyar Idők said. Legislation in force since the autumn of 2010 allowed Hungarian households to distil for personal consumption an ...
Foreigners Prevented From Purchasing Farmland In Hungary
- 9 Oct 2015 9:00 AM
- property
The government’s programme of selling off state-owned land to farmers is aimed at preventing foreign nationals from acquiring farmland in the country, János Lázár, head of the government office, told a regular government briefing. Lázár said it was important to ensure that Hungarian farmers have the opportunity to buy state-owned land.
London Analysts: VW Fallout On Hungary Likely To Be Limited
- 5 Oct 2015 9:00 AM
- business
The impact of the Volkswagen emissions scandal on Hungary’s economy will be limited in terms of tail risks to growth, London-based emerging markets economists said. In its “Emerging Markets Outlook and Strategy” report, JP Morgan said the auto industry accounts for an important share of Hungary’s economic activity: 20-22% of industrial production, 10% of exports and 4% of GDP.
Hungary Last In Digital Literacy
- 29 Sep 2015 9:00 AM
- tech
Hungarian students finished in last place among European countries and in 29th place among 34 countries in digital text comprehension, according to a PISA survey conducted in 2012. The results were released only now because Hungarian researchers did not believe that pupils here are so weak. According to the report, Hungarian schools use outdated computers and internet access is limited.
Hungarian Parlt Raises Tax On Fruit Brandy Pálinka
- 18 Nov 2015 8:00 AM
- business
Parliament raised the tax on distillation of Hungarian pálinka fruit brandy for personal consumption by 700 forints (EUR 2.24) per litre to comply with a ruling by the European Court. From January it will be obligatory to purchase “distillation stamps” for every litre of pálinka. Individuals may purchase between 5 and 86 of the 700 forint stamps.
Hungarian Parlt Passes Taxpayer Classification, Red Tape Reduction Laws
- 18 Nov 2015 8:00 AM
- business
Lawmakers approved bills on cutting red tape and classifying taxpayers based on tax compliance risk. The bill put forward by government office chief János Lázár aims to simplify and speed up public administration, scale back the number of steps needed to obtain permits and reduce completion deadlines. Activities no longer requiring permits will include the sale of precious metal jewellery, ...
Hungary’s PM: Europe In Midst Of “Mass Invasion,” Of Which Not Fully Aware
- 5 Nov 2015 8:00 AM
- current affairs
Europe is in the midst of “mass invasion”, but is “not yet fully aware” of the challenge it poses to the continent’s culture, way of life and conduct of affairs, the prime minister said at the opening of the World Science Forum conference in Budapest. This mass migration poses a never-before-seen challenge and it can “crush and bury the way of life we have known until now,” Viktor Orbán said, ...
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Environmental Watch Party In Budapest
- 20 Oct 2015 10:00 AM
- business
By Liz Frommer: The Kyoto Protocol is 18 years old. Then, in 1997, countries began negotiations to reduce their greenhouse gas emissions; yet nearly 20 years later, the world is still waiting for an agreement to be reached wherein the greatest producers of GHGs are on board in full.
Contract Distillation Of Pálinka In Hungary Drops By 80%
- 15 Oct 2015 5:00 AM
- food & drink
Distilleries in Hungary have produced 2 million litres of fruit brandy pálinka this year, less than 20% of the amount distilled in 2014; the drastic drop largely resulted from the elimination of tax exemption for home distillation of spirits from January 2015, daily Magyar Idők said. Legislation in force since the autumn of 2010 allowed Hungarian households to distil for personal consumption an ...
Foreigners Prevented From Purchasing Farmland In Hungary
- 9 Oct 2015 9:00 AM
- property
The government’s programme of selling off state-owned land to farmers is aimed at preventing foreign nationals from acquiring farmland in the country, János Lázár, head of the government office, told a regular government briefing. Lázár said it was important to ensure that Hungarian farmers have the opportunity to buy state-owned land.
London Analysts: VW Fallout On Hungary Likely To Be Limited
- 5 Oct 2015 9:00 AM
- business
The impact of the Volkswagen emissions scandal on Hungary’s economy will be limited in terms of tail risks to growth, London-based emerging markets economists said. In its “Emerging Markets Outlook and Strategy” report, JP Morgan said the auto industry accounts for an important share of Hungary’s economic activity: 20-22% of industrial production, 10% of exports and 4% of GDP.
Hungary Last In Digital Literacy
- 29 Sep 2015 9:00 AM
- tech
Hungarian students finished in last place among European countries and in 29th place among 34 countries in digital text comprehension, according to a PISA survey conducted in 2012. The results were released only now because Hungarian researchers did not believe that pupils here are so weak. According to the report, Hungarian schools use outdated computers and internet access is limited.