111 result(s) for reduction in Business
Analysts : Brexit Could Slightly Slow Down Hungary’s Economic Growth
- 25 Jun 2016 9:00 AM
- business
The British vote to leave the European Union could slightly slow down economic growth in Hungary, analysts told MTI in reaction to Brexit. Takarékbank analyst Gergely Suppan said that a reduction in EU funding should not be expected for the time being because it is fixed by contract and Britain’s payment obligations will be maintained until its exit is completed, possibly even until the end of ...
State, EBRD Buy 15% Stakes In Erste Bank Hungary
- 22 Jun 2016 9:00 AM
- business
The Hungarian state and the European Bank for Reconstruction and Development (EBRD) today finalized acquisition of 15% stakes each in the local unit of Austrian banking group Erste, as per an agreement made in February 2015, Hungarian news agency MTI reported. Hungary reportedly paid HUF 38.9 billion for its 15% stake.
Finance Minister Varga: Fitch Upgrade Evidence Of Reforms
- 23 May 2016 9:00 AM
- business
An upgrade of Hungary back to investment grade by ratings agency Fitch on Friday is a result of economic reforms the government started in 2010, Economy Minister Mihály Varga said at a press conference on Saturday. The upgrade is evidence that the Hungarian economic restructuring has been a success, that the Hungarian reforms are working, Varga said.
Hungarian CBank Cuts Base Rate 15 Bp
- 27 Apr 2016 9:00 AM
- business
Hungarian rate-setters cut the base rate by 15 basis points to 1.05% at a meeting on Tuesday, in line with market expectations. The National Bank of Hungary’s Monetary Council also narrowed its interest rate corridor, a band around the base rate that prevents extreme fluctuations of interbank rates, bringing the overnight collateralised loan rate to 1.30% while keeping the O/N central bank ...
Varga: Govt To Mull Single-Digit Income Tax In 2017
- 26 Apr 2016 9:00 AM
- business
The question whether to introduce a single-digit income tax will be broached next year, the economy minister said in an interview to business daily Világgazdaság. Mihály Varga said that reducing the tax from the current 15% would lead to revenue losses amounting to 600 billion forints (EUR 1.9bn). But if the rate of growth stays on its current trajectory and the government succeeds in ...
Varga: Govt Aims For Lower VAT, But “Now Is Not The Time”
- 22 Apr 2016 9:00 AM
- business
Hungary’s government aims to reduce the 27% general value-added tax rate in the long term, though “now is not the time” for a cut, Economy Minister Mihály Varga said in an interview in the fresh issue of business weekly Figyelő. “It would be nice if the VAT rate could be reduced and the top rate brought to 25% or lower. This is in line with the cabinet’s long-term intentions, but now is not the ...
NBH Deputy Governor: Bank To Continue Easing Cycle
- 24 Mar 2016 8:00 AM
- business
Hungary’s central bank (NBH) will cut the base rate until it reaches a rate that is consistent with its inflation target, NBH deputy governor Márton Nagy told journalists. The bank wants to keep rate the key rate low for a sustained period, he said. The NBH’s inflation target is 3% in a +/-1 percentage-point tolerance band.
Varga: EC Avows Hungary Economic Progress In Country Report
- 10 Mar 2016 8:00 AM
- business
The European Commission’s recent country report provides a more realistic picture of Hungary compared with previous reports as it acknowledges economic achievements due to government reform measures, the economy minister said.
National Bank Of Hungary Announces HUF 95 Billion Profit For 2015
- 23 Feb 2016 8:00 AM
- business
The National Bank of Hungary (MNB) today said it had posted a record HUF 95 billion in profit last year, Hungarian news agency MTI reported.
Analysts : Brexit Could Slightly Slow Down Hungary’s Economic Growth
- 25 Jun 2016 9:00 AM
- business
The British vote to leave the European Union could slightly slow down economic growth in Hungary, analysts told MTI in reaction to Brexit. Takarékbank analyst Gergely Suppan said that a reduction in EU funding should not be expected for the time being because it is fixed by contract and Britain’s payment obligations will be maintained until its exit is completed, possibly even until the end of ...
State, EBRD Buy 15% Stakes In Erste Bank Hungary
- 22 Jun 2016 9:00 AM
- business
The Hungarian state and the European Bank for Reconstruction and Development (EBRD) today finalized acquisition of 15% stakes each in the local unit of Austrian banking group Erste, as per an agreement made in February 2015, Hungarian news agency MTI reported. Hungary reportedly paid HUF 38.9 billion for its 15% stake.
Finance Minister Varga: Fitch Upgrade Evidence Of Reforms
- 23 May 2016 9:00 AM
- business
An upgrade of Hungary back to investment grade by ratings agency Fitch on Friday is a result of economic reforms the government started in 2010, Economy Minister Mihály Varga said at a press conference on Saturday. The upgrade is evidence that the Hungarian economic restructuring has been a success, that the Hungarian reforms are working, Varga said.
Hungarian CBank Cuts Base Rate 15 Bp
- 27 Apr 2016 9:00 AM
- business
Hungarian rate-setters cut the base rate by 15 basis points to 1.05% at a meeting on Tuesday, in line with market expectations. The National Bank of Hungary’s Monetary Council also narrowed its interest rate corridor, a band around the base rate that prevents extreme fluctuations of interbank rates, bringing the overnight collateralised loan rate to 1.30% while keeping the O/N central bank ...
Varga: Govt To Mull Single-Digit Income Tax In 2017
- 26 Apr 2016 9:00 AM
- business
The question whether to introduce a single-digit income tax will be broached next year, the economy minister said in an interview to business daily Világgazdaság. Mihály Varga said that reducing the tax from the current 15% would lead to revenue losses amounting to 600 billion forints (EUR 1.9bn). But if the rate of growth stays on its current trajectory and the government succeeds in ...
Varga: Govt Aims For Lower VAT, But “Now Is Not The Time”
- 22 Apr 2016 9:00 AM
- business
Hungary’s government aims to reduce the 27% general value-added tax rate in the long term, though “now is not the time” for a cut, Economy Minister Mihály Varga said in an interview in the fresh issue of business weekly Figyelő. “It would be nice if the VAT rate could be reduced and the top rate brought to 25% or lower. This is in line with the cabinet’s long-term intentions, but now is not the ...
NBH Deputy Governor: Bank To Continue Easing Cycle
- 24 Mar 2016 8:00 AM
- business
Hungary’s central bank (NBH) will cut the base rate until it reaches a rate that is consistent with its inflation target, NBH deputy governor Márton Nagy told journalists. The bank wants to keep rate the key rate low for a sustained period, he said. The NBH’s inflation target is 3% in a +/-1 percentage-point tolerance band.
Varga: EC Avows Hungary Economic Progress In Country Report
- 10 Mar 2016 8:00 AM
- business
The European Commission’s recent country report provides a more realistic picture of Hungary compared with previous reports as it acknowledges economic achievements due to government reform measures, the economy minister said.
National Bank Of Hungary Announces HUF 95 Billion Profit For 2015
- 23 Feb 2016 8:00 AM
- business
The National Bank of Hungary (MNB) today said it had posted a record HUF 95 billion in profit last year, Hungarian news agency MTI reported.