79 result(s) for shortfall
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.
Demján: Closing Shops On Sundays Will Reduce Budget Revenue
- 21 Jan 2015 8:00 AM
- shopping
New restrictions on Sunday shopping are expected to produce a 200 billion-250 billion forints (EUR 630m-780m) shortfall in budget revenue, the head of business association VOSZ said.
Hungariy's Economy Ministry Tight-Lipped Over Sale Of State Assets
- 21 Nov 2014 8:00 AM
- business
The Economy Ministry has declined to disclose details as to why the draft 2015 budget includes Ft 169 billion in revenue from the potential utilisation or sale of state assets, Napi Gazdaság reports.
Hungary’s Gas Supply Secure, Says European Commission
- 28 Oct 2014 3:00 AM
- current affairs
Hungary’s gas supply would be secure even in a worst-case scenario, the national development ministry said referring to the Energy Security Stress Tests of the European Commission. The Commission said that if Russian gas shipments to Europe stopped entirely, Hungary’s reserves could still ensure household supplies, with limitations stipulated by law, the ministry said.
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.
Demján: Closing Shops On Sundays Will Reduce Budget Revenue
- 21 Jan 2015 8:00 AM
- shopping
New restrictions on Sunday shopping are expected to produce a 200 billion-250 billion forints (EUR 630m-780m) shortfall in budget revenue, the head of business association VOSZ said.
Hungariy's Economy Ministry Tight-Lipped Over Sale Of State Assets
- 21 Nov 2014 8:00 AM
- business
The Economy Ministry has declined to disclose details as to why the draft 2015 budget includes Ft 169 billion in revenue from the potential utilisation or sale of state assets, Napi Gazdaság reports.
Hungary’s Gas Supply Secure, Says European Commission
- 28 Oct 2014 3:00 AM
- current affairs
Hungary’s gas supply would be secure even in a worst-case scenario, the national development ministry said referring to the Energy Security Stress Tests of the European Commission. The Commission said that if Russian gas shipments to Europe stopped entirely, Hungary’s reserves could still ensure household supplies, with limitations stipulated by law, the ministry said.