82 result(s) for shortfall
EC Revises 2016 Hungary GDP Growth Forecast Downwards To 2.1%
- 10 Nov 2016 8:00 AM
- business
Hungary’s economy, adjusted for inflation, is expected to grow by 2.1 % this year, the European Commission said in its autumn economic forecast released on Wednesday. The commission revised its estimate downwards from its spring forecast of 2.5%.
Hungarian Foreign Ministry Subsidises Orchestra
- 12 Jul 2016 9:00 AM
- community & culture
The Foreign Ministry will make up a Ft 60 million shortfall in the budget of the Budapest Festival Orchestra, after Russia notified Foreign Minister Péter Szijjártó that it would welcome the orchestra.
Budget Shortfall HUF 402.1BN In H1, 52.8% Of Full -Year Target
- 8 Jul 2016 9:00 AM
- business
Hungary’s cash-flow-based budget deficit, excluding local councils, was 402.1 billion forints (EUR 1.3bn) in the first six months of 2016, according to a first reading of data released by the Economy Ministry. The deficit reached 52.8% of the 761.6 billion forint full year target. In June alone, the general government ran a 388.9 billion forint deficit, up from 312.2 billion forints a year ...
OECD Lowers Hungary Forecast For 2016 GDP Growth
- 2 Jun 2016 9:00 AM
- business
The OECD has lowered its growth forecast for Hungary’s economy to 1.6% from 2.4% in the previous Economic Outlook released in November 2015. In its new report, the OECD maintained its 3.1% projection for Hungarian GDP growth next year. The organisation said “growth is projected to moderate in 2016 due to a temporary contraction in public investment as a new cycle of EU structural funds commences, ...
Gov’t To Lower VAT On Dairy And Catering
- 14 Apr 2016 9:00 AM
- shopping
The government proposes to reduce VAT on a wide range of products and services in the 2017 budget, Economy Minister Mihály Varga announced on Wednesday. The VAT on milk, eggs and poultry would fall from today’s 27% to 5%.
Budapest Budget Plans Approved
- 18 Feb 2016 8:00 AM
- business
The Budapest assembly passed the budget proposed by the municipality leadership. The budget plans for revenue of 228.86 billion forints (EUR 738m) and spending of 313.5 billion with a shortfall of 85.4 billion. Gábor Bagdy, deputy mayor in change of finances, said the municipality is managing the finances in straitened times but the budget will provide the capital required for the city’s ...
Vajna May Buy Hungary's TV2 This Year
- 31 Aug 2015 9:00 AM
- business
Government film commissioner Andy Vajna may purchase television channel TV2 in a matter of weeks or months, Népszabadság reports. Current owners Zsolt Simon and Yvonne Dederick do not appear to have funds to pay the estimated Ft 5 billion purchase price to ProSiebenSat 1, the German company from which they bought TV2 at the end of 2013, the newspaper adds.
Sunday Shop Closure Studies Show Budget Shortfall In Hungary
- 24 Mar 2015 8:00 AM
- shopping
According to one of what may have been several impact studies on Sunday closures commissioned by the Ministry of National Economy, nearly 63 percent of respondents strongly opposed the forced closing of retail stores. However, the same study found that the results of the poll could be significantly influenced by employing convincing communication tactics.
State Audit Office Finds Problems At Tax Authority
- 12 Mar 2015 8:00 AM
- business
The State Audit Office (ÁSZ) has found discrepancies at the National Tax and Customs Office (NAV) during a recent screening, ÁSZ told MTI. The shortcomings identified were under the headings of internal regulations, up-to-date management tools, risk management and the paper trail system in audits, ÁSZ said in a statement.
EC Revises 2016 Hungary GDP Growth Forecast Downwards To 2.1%
- 10 Nov 2016 8:00 AM
- business
Hungary’s economy, adjusted for inflation, is expected to grow by 2.1 % this year, the European Commission said in its autumn economic forecast released on Wednesday. The commission revised its estimate downwards from its spring forecast of 2.5%.
Hungarian Foreign Ministry Subsidises Orchestra
- 12 Jul 2016 9:00 AM
- community & culture
The Foreign Ministry will make up a Ft 60 million shortfall in the budget of the Budapest Festival Orchestra, after Russia notified Foreign Minister Péter Szijjártó that it would welcome the orchestra.
Budget Shortfall HUF 402.1BN In H1, 52.8% Of Full -Year Target
- 8 Jul 2016 9:00 AM
- business
Hungary’s cash-flow-based budget deficit, excluding local councils, was 402.1 billion forints (EUR 1.3bn) in the first six months of 2016, according to a first reading of data released by the Economy Ministry. The deficit reached 52.8% of the 761.6 billion forint full year target. In June alone, the general government ran a 388.9 billion forint deficit, up from 312.2 billion forints a year ...
OECD Lowers Hungary Forecast For 2016 GDP Growth
- 2 Jun 2016 9:00 AM
- business
The OECD has lowered its growth forecast for Hungary’s economy to 1.6% from 2.4% in the previous Economic Outlook released in November 2015. In its new report, the OECD maintained its 3.1% projection for Hungarian GDP growth next year. The organisation said “growth is projected to moderate in 2016 due to a temporary contraction in public investment as a new cycle of EU structural funds commences, ...
Gov’t To Lower VAT On Dairy And Catering
- 14 Apr 2016 9:00 AM
- shopping
The government proposes to reduce VAT on a wide range of products and services in the 2017 budget, Economy Minister Mihály Varga announced on Wednesday. The VAT on milk, eggs and poultry would fall from today’s 27% to 5%.
Budapest Budget Plans Approved
- 18 Feb 2016 8:00 AM
- business
The Budapest assembly passed the budget proposed by the municipality leadership. The budget plans for revenue of 228.86 billion forints (EUR 738m) and spending of 313.5 billion with a shortfall of 85.4 billion. Gábor Bagdy, deputy mayor in change of finances, said the municipality is managing the finances in straitened times but the budget will provide the capital required for the city’s ...
Vajna May Buy Hungary's TV2 This Year
- 31 Aug 2015 9:00 AM
- business
Government film commissioner Andy Vajna may purchase television channel TV2 in a matter of weeks or months, Népszabadság reports. Current owners Zsolt Simon and Yvonne Dederick do not appear to have funds to pay the estimated Ft 5 billion purchase price to ProSiebenSat 1, the German company from which they bought TV2 at the end of 2013, the newspaper adds.
Sunday Shop Closure Studies Show Budget Shortfall In Hungary
- 24 Mar 2015 8:00 AM
- shopping
According to one of what may have been several impact studies on Sunday closures commissioned by the Ministry of National Economy, nearly 63 percent of respondents strongly opposed the forced closing of retail stores. However, the same study found that the results of the poll could be significantly influenced by employing convincing communication tactics.
State Audit Office Finds Problems At Tax Authority
- 12 Mar 2015 8:00 AM
- business
The State Audit Office (ÁSZ) has found discrepancies at the National Tax and Customs Office (NAV) during a recent screening, ÁSZ told MTI. The shortcomings identified were under the headings of internal regulations, up-to-date management tools, risk management and the paper trail system in audits, ÁSZ said in a statement.