547 result(s) for reduction
Lawmakers Pass Hungary’s 2016 Budget
- 24 Jun 2015 9:00 AM
- business
Lawmakers approved Hungary’s 2016 budget in a final vote months ahead of the legal deadline, with 119 votes in favour and 63 against. The Budget Act calculates with a budget deficit of 2% of gross domestic product (GDP) based on EU accounting rules and public debt of 73.3% of GDP. The budget targets total revenue of 15,800 billion forints (EUR 50.7bn), total expenditures of 16,561 billion forints ...
EC Launches Campaign To Increase Consumer Rights Awareness In Hungary
- 22 Jun 2015 9:00 AM
- current affairs
Hungary is one of thirteen countries where the European Commission has launched a campaign to increase awareness of EU consumer rights, the development ministry and the consumer protection authority said. The ministry and the Hungarian Authority for Consumer Protection cited a 2012 Eurobarometer survey which found that Hungarians were generally less aware of their consumer rights than the ...
Hungary’s Ad Tax Exemption Threshold Still Too High For Brussels
- 19 May 2015 9:00 AM
- business
The European Commission believes the proposed 100 million forints (EUR 325,000) exemption threshold for the advertising tax is still too high. The government is in talks with Brussels on the matter, Economy Minister Mihály Varga told commercial television ATV. The government has proposed making the ad tax rate a flat 5.3%, but allowing an exemption on a tax base up to 100 million forints.
Lower Utilities Tax For Network Investments In Hungary Possible
- 13 May 2015 9:00 AM
- tech
A reduction in the utilities tax should be considered if internet service providers build new networks or upgrade their existing ones, state secretary for info-communications, Ákos Kara, said. Hungary is back on the path of economic growth, thus the government will weigh the possibility of reducing some tax burdens next year, Kara said.
Hungarian Govt To Propose Stability Act Amendment
- 12 May 2015 9:00 AM
- business
The government will initiate an amendment to a rule on a nominal state debt threshold to better support economic growth. The Economy Ministry responded to a query by MTI after the Fiscal Council made a recommendation on the rule.
VAT On Internet Subscriptions In Hungary May Be Cut To 18%
- 8 May 2015 4:00 AM
- tech
The VAT rate on internet subscriptions may be reduced from 27% to 18% from next January, daily Napi Gazdaság said. Further, one of the main pillars of the public utilities tax may be reduced from 2017. The reduction would be a quid pro quo for telecommunication companies helping to develop a superfast broadband network, to which the government may contribute 150 billion forints (EUR 492m), the ...
Reduction In Templeton Exposure “Good For Hungary”
- 7 May 2015 9:00 AM
- business
Franklin Templeton’s gradual offloading of Hungarian bonds is positive for Hungary since it lessens the exposure resulting from a concentration of debt held by a single investor, a debt management official said. The global investment firm, the biggest single investor in Hungarian forint government securities, has sold 20% of its 2,000 billion Hungary portfolio, AKK chief György Barcza told public ...
Meet Lajos Rig, Jobbik MP From Tapolca, Hungary
- 5 May 2015 9:00 AM
- current affairs
"Behind Jobbik there are expert politicians who know just what to do. . . . The platform of Jobbik was the same in 2010 and in 2014. . . . A year ago I wore gray socks. Now I wear black ones. My orientation and my thoughts are still the same." - Lajos Rig (Jobbik), winner of the Tapolca parliamentary by-election
Hungary Developing Nationwide E-Ticket System For Trains, Buses
- 30 Apr 2015 9:00 AM
- getting around
Train and bus passengers will soon be able to buy e-tickets for combined journeys throughout the country, the chief of the state company in charge of developing the new system said. The National Mobile Payment Company is developing a unified passenger information and electronic ticket system for multimodal public transport all around the country, Mihály Veres, the company’s chief executive, said.
Lawmakers Pass Hungary’s 2016 Budget
- 24 Jun 2015 9:00 AM
- business
Lawmakers approved Hungary’s 2016 budget in a final vote months ahead of the legal deadline, with 119 votes in favour and 63 against. The Budget Act calculates with a budget deficit of 2% of gross domestic product (GDP) based on EU accounting rules and public debt of 73.3% of GDP. The budget targets total revenue of 15,800 billion forints (EUR 50.7bn), total expenditures of 16,561 billion forints ...
EC Launches Campaign To Increase Consumer Rights Awareness In Hungary
- 22 Jun 2015 9:00 AM
- current affairs
Hungary is one of thirteen countries where the European Commission has launched a campaign to increase awareness of EU consumer rights, the development ministry and the consumer protection authority said. The ministry and the Hungarian Authority for Consumer Protection cited a 2012 Eurobarometer survey which found that Hungarians were generally less aware of their consumer rights than the ...
Hungary’s Ad Tax Exemption Threshold Still Too High For Brussels
- 19 May 2015 9:00 AM
- business
The European Commission believes the proposed 100 million forints (EUR 325,000) exemption threshold for the advertising tax is still too high. The government is in talks with Brussels on the matter, Economy Minister Mihály Varga told commercial television ATV. The government has proposed making the ad tax rate a flat 5.3%, but allowing an exemption on a tax base up to 100 million forints.
Lower Utilities Tax For Network Investments In Hungary Possible
- 13 May 2015 9:00 AM
- tech
A reduction in the utilities tax should be considered if internet service providers build new networks or upgrade their existing ones, state secretary for info-communications, Ákos Kara, said. Hungary is back on the path of economic growth, thus the government will weigh the possibility of reducing some tax burdens next year, Kara said.
Hungarian Govt To Propose Stability Act Amendment
- 12 May 2015 9:00 AM
- business
The government will initiate an amendment to a rule on a nominal state debt threshold to better support economic growth. The Economy Ministry responded to a query by MTI after the Fiscal Council made a recommendation on the rule.
VAT On Internet Subscriptions In Hungary May Be Cut To 18%
- 8 May 2015 4:00 AM
- tech
The VAT rate on internet subscriptions may be reduced from 27% to 18% from next January, daily Napi Gazdaság said. Further, one of the main pillars of the public utilities tax may be reduced from 2017. The reduction would be a quid pro quo for telecommunication companies helping to develop a superfast broadband network, to which the government may contribute 150 billion forints (EUR 492m), the ...
Reduction In Templeton Exposure “Good For Hungary”
- 7 May 2015 9:00 AM
- business
Franklin Templeton’s gradual offloading of Hungarian bonds is positive for Hungary since it lessens the exposure resulting from a concentration of debt held by a single investor, a debt management official said. The global investment firm, the biggest single investor in Hungarian forint government securities, has sold 20% of its 2,000 billion Hungary portfolio, AKK chief György Barcza told public ...
Meet Lajos Rig, Jobbik MP From Tapolca, Hungary
- 5 May 2015 9:00 AM
- current affairs
"Behind Jobbik there are expert politicians who know just what to do. . . . The platform of Jobbik was the same in 2010 and in 2014. . . . A year ago I wore gray socks. Now I wear black ones. My orientation and my thoughts are still the same." - Lajos Rig (Jobbik), winner of the Tapolca parliamentary by-election
Hungary Developing Nationwide E-Ticket System For Trains, Buses
- 30 Apr 2015 9:00 AM
- getting around
Train and bus passengers will soon be able to buy e-tickets for combined journeys throughout the country, the chief of the state company in charge of developing the new system said. The National Mobile Payment Company is developing a unified passenger information and electronic ticket system for multimodal public transport all around the country, Mihály Veres, the company’s chief executive, said.