547 result(s) for reduction
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 According to the report, Hungarian schools use outdated computers and internet access is limited.
Századvég Lowers Hungary’s GDP, Inflation Forecast For 2015
- 23 Sep 2015 9:00 AM
- business
Economic research institute Századvég has lowered its GDP growth forecast to 3.1% for 2015 from 3.4% forecast in June. The economy was weaker than expected in the second quarter, the think-tank said, adding that the deterioration in the economic outlook is related to one-off factors which do not affect Hungary’s growth potential. Economic output is expected to grow by 2.5% in 2016 compared with ...
Hungarian Government To Discuss Declaring State Of Emergency
- 12 Sep 2015 6:00 AM
- current affairs
At his press conference on Thursday (“Government Info 22 – Government actions explained”) the Minister of the Prime Minister’s Office János Lázár said that the Government utterly rejects any proposal for the setting up of a refugee camp in Hungary under the supervision and control of the European Commission. The Government is unable to accept edicts, he said.
Lazar: Euratom Clears Paks Upgrade Contracts
- 11 Sep 2015 11:02 AM
- business
The Euratom Supply Agency has reviewed contracts for the Paks nuclear reactor development project and determined they are fully in line with the EU legal framework, government office chief Janos Lazar said on Thursday. Euratom informed the government on September 7 that the contracts for the Paks development comply with all technical, energy policy and environmental protection requirements, Lazar ...
Hungary’s Central Bank Keeps Base Rate On Hold At 1.35%, As Expected
- 26 Aug 2015 9:00 AM
- business
Hungarian rate-setters on Tuesday kept the central bank’s key rate on hold at 1.35%, as expected. The decision was widely expected, after the rate-setters clearly signalled an end to an easing cycle at the previous monthly policy meeting. Central bank governor György Matolcsy said at the time that the earlier series of 15 basis point cuts carried out for five consecutive months would soon come to ...
Economy Minister Hails American Contribution To Hungary’s Economy
- 1 Jul 2015 9:00 AM
- business
Hungary has managed to successfully confront the financial crisis the repercussions of which Greece is suffering from even today, the Hungarian economy minister said at the business forum organized by the American Chamber of Commerce in Hungary. Investment and more efficient use of EU funds are likely to be the main drivers of future economic growth in Hungary, Mihály Varga said.
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.
Századvég Lowers Hungary’s GDP, Inflation Forecast For 2015
- 23 Sep 2015 9:00 AM
- business
Economic research institute Századvég has lowered its GDP growth forecast to 3.1% for 2015 from 3.4% forecast in June. The economy was weaker than expected in the second quarter, the think-tank said, adding that the deterioration in the economic outlook is related to one-off factors which do not affect Hungary’s growth potential. Economic output is expected to grow by 2.5% in 2016 compared with ...
Hungarian Government To Discuss Declaring State Of Emergency
- 12 Sep 2015 6:00 AM
- current affairs
At his press conference on Thursday (“Government Info 22 – Government actions explained”) the Minister of the Prime Minister’s Office János Lázár said that the Government utterly rejects any proposal for the setting up of a refugee camp in Hungary under the supervision and control of the European Commission. The Government is unable to accept edicts, he said.
Lazar: Euratom Clears Paks Upgrade Contracts
- 11 Sep 2015 11:02 AM
- business
The Euratom Supply Agency has reviewed contracts for the Paks nuclear reactor development project and determined they are fully in line with the EU legal framework, government office chief Janos Lazar said on Thursday. Euratom informed the government on September 7 that the contracts for the Paks development comply with all technical, energy policy and environmental protection requirements, Lazar ...
Hungary’s Central Bank Keeps Base Rate On Hold At 1.35%, As Expected
- 26 Aug 2015 9:00 AM
- business
Hungarian rate-setters on Tuesday kept the central bank’s key rate on hold at 1.35%, as expected. The decision was widely expected, after the rate-setters clearly signalled an end to an easing cycle at the previous monthly policy meeting. Central bank governor György Matolcsy said at the time that the earlier series of 15 basis point cuts carried out for five consecutive months would soon come to ...
Economy Minister Hails American Contribution To Hungary’s Economy
- 1 Jul 2015 9:00 AM
- business
Hungary has managed to successfully confront the financial crisis the repercussions of which Greece is suffering from even today, the Hungarian economy minister said at the business forum organized by the American Chamber of Commerce in Hungary. Investment and more efficient use of EU funds are likely to be the main drivers of future economic growth in Hungary, Mihály Varga said.