27 result(s) for rule of law in Business
Central Bank Pledges To Respect Top Court’s Ruling On Foundations
- 4 Apr 2016 9:00 AM
- business
The National Bank of Hungary (NBH) respects the ruling of the Constitutional Court and its foundations will disclose all data it is requested to make public, Deputy Governor Márton Nagy said. The top court ruled on Thursday that amendments to the law governing the central bank that give the NBH the legal power to decline public information requests concerning companies that support its ...
Top Court Says NBH Data Disclosure Amendments Unconstitutional
- 1 Apr 2016 9:00 AM
- business
Hungary’s Constitutional Court has ruled that amendments to the law governing the central bank that give the National Bank of Hungary the legal power to decline public information requests concerning companies that support its activities, or to classify such information with retroactive effect, are unconstitutional. In its ruling the top court noted that the central bank does a public service and ...
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
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, ...
Reactions To Quaestor Compensation Law In Hungary
- 18 Nov 2015 8:00 AM
- business
Hungary’s ruling Fidesz party said the Constitutional Court’s decision to axe parts of a law on compensation for investors of failed brokerage Quaestor served the interests of the banking sector, while opposition parties once again called on the government and central bank to take responsibility for the scandal. Tuesday’s Constitutional Court ruling concerns the law governing a top-up fund which ...
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 ...
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 ...
U.S. Ambassador @ AmCham Business Forum In Budapest
- 16 Feb 2015 8:00 AM
- business
"Madam Ambassador, Minister Martonyi, Mr. Pongrácz, Ms. Lippai-Nagy, Mr. Benkő, ladies and gentlemen. Good Afternoon.
It is a great pleasure for me to attend this, my first AmCham Hungary event, made even more pleasant by the participation of my friend, Ambassador Szemerkényi.
It is a great pleasure for me to attend this, my first AmCham Hungary event, made even more pleasant by the participation of my friend, Ambassador Szemerkényi.
Hungary’s Tax Experts Tell Us What To Expect
- 4 Feb 2015 8:00 AM
- business
Andrea Butkovics, CEO at Colling Accounting & Consulting
Central Bank Pledges To Respect Top Court’s Ruling On Foundations
- 4 Apr 2016 9:00 AM
- business
The National Bank of Hungary (NBH) respects the ruling of the Constitutional Court and its foundations will disclose all data it is requested to make public, Deputy Governor Márton Nagy said. The top court ruled on Thursday that amendments to the law governing the central bank that give the NBH the legal power to decline public information requests concerning companies that support its ...
Top Court Says NBH Data Disclosure Amendments Unconstitutional
- 1 Apr 2016 9:00 AM
- business
Hungary’s Constitutional Court has ruled that amendments to the law governing the central bank that give the National Bank of Hungary the legal power to decline public information requests concerning companies that support its activities, or to classify such information with retroactive effect, are unconstitutional. In its ruling the top court noted that the central bank does a public service and ...
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
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, ...
Reactions To Quaestor Compensation Law In Hungary
- 18 Nov 2015 8:00 AM
- business
Hungary’s ruling Fidesz party said the Constitutional Court’s decision to axe parts of a law on compensation for investors of failed brokerage Quaestor served the interests of the banking sector, while opposition parties once again called on the government and central bank to take responsibility for the scandal. Tuesday’s Constitutional Court ruling concerns the law governing a top-up fund which ...
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 ...
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 ...
U.S. Ambassador @ AmCham Business Forum In Budapest
- 16 Feb 2015 8:00 AM
- business
"Madam Ambassador, Minister Martonyi, Mr. Pongrácz, Ms. Lippai-Nagy, Mr. Benkő, ladies and gentlemen. Good Afternoon.
It is a great pleasure for me to attend this, my first AmCham Hungary event, made even more pleasant by the participation of my friend, Ambassador Szemerkényi.
It is a great pleasure for me to attend this, my first AmCham Hungary event, made even more pleasant by the participation of my friend, Ambassador Szemerkényi.
Hungary’s Tax Experts Tell Us What To Expect
- 4 Feb 2015 8:00 AM
- business
Andrea Butkovics, CEO at Colling Accounting & Consulting