544 result(s) for state debt
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, ...
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.
Residency Bond Sales Booming
- 10 May 2016 9:00 AM
- current affairs
Foreign citizens bought 119 residency bonds in April, up from 4 in January, 26 in February and 58 in March, the state debt manager ÁKK announced, pointing out the upward jump. In the first four months 207 residency bonds were sold, down from 241 in the same period of last year. A total of 3,565 residency bonds have been sold since they were introduced in 2013.
Opposition Calls On Orbán To Dismiss Matolcsy Over Financial Skullduggery
- 5 May 2016 9:00 AM
- current affairs
The opposition Liberals and the leftist Democratic Coalition (DK) party called for the resignation of central bank governor György Matolcsy over recent financing matters surrounding the central bank. The Liberals urged opposition parties to join a legal proposal calling on the prime minister to dismiss Matolcsy over “a breach of the rule of avoiding monetary financing”.
NBH-Scandal – Jobbik Lambasts Central Bank Governor Over “Financing State”
- 4 May 2016 9:00 AM
- business
The opposition Jobbik party has called on György Matolcsy, governor of the National Bank of Hungary, to resign over recent scandals including purchases of state securities by the central bank’s foundations. Jobbik deputy leader Dániel Z Kárpát told a press conference on Monday that through those purchases the central bank has violated a prohibition of financing state operations, and has ...
IMF Urges Policy Reform To Improve Investment Climate
- 2 May 2016 9:00 AM
- current affairs
The International Monetary Fund (IMF) called for structural policies to improve the investment climate, enhance competitiveness and address weaknesses in the labour market in a report following scheduled consultations. “Increased market confidence and enhanced competitiveness would lift private investment, including from abroad.
2017 Budget Bill Targets Deficit Of HUF 1,166.4 BN
- 28 Apr 2016 9:00 AM
- business
Hungary’s budget is expected to run a cash-flow-based deficit of 1,166.4 billion forints (EUR 3.7bn) next year, well above the 761.6 billion gap targeted for 2016. The 2017 budget bill targets revenue of 17,374.9 billion forints and expenditures of 18,541.3 billion.
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 ...
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, ...
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.
Residency Bond Sales Booming
- 10 May 2016 9:00 AM
- current affairs
Foreign citizens bought 119 residency bonds in April, up from 4 in January, 26 in February and 58 in March, the state debt manager ÁKK announced, pointing out the upward jump. In the first four months 207 residency bonds were sold, down from 241 in the same period of last year. A total of 3,565 residency bonds have been sold since they were introduced in 2013.
Opposition Calls On Orbán To Dismiss Matolcsy Over Financial Skullduggery
- 5 May 2016 9:00 AM
- current affairs
The opposition Liberals and the leftist Democratic Coalition (DK) party called for the resignation of central bank governor György Matolcsy over recent financing matters surrounding the central bank. The Liberals urged opposition parties to join a legal proposal calling on the prime minister to dismiss Matolcsy over “a breach of the rule of avoiding monetary financing”.
NBH-Scandal – Jobbik Lambasts Central Bank Governor Over “Financing State”
- 4 May 2016 9:00 AM
- business
The opposition Jobbik party has called on György Matolcsy, governor of the National Bank of Hungary, to resign over recent scandals including purchases of state securities by the central bank’s foundations. Jobbik deputy leader Dániel Z Kárpát told a press conference on Monday that through those purchases the central bank has violated a prohibition of financing state operations, and has ...
IMF Urges Policy Reform To Improve Investment Climate
- 2 May 2016 9:00 AM
- current affairs
The International Monetary Fund (IMF) called for structural policies to improve the investment climate, enhance competitiveness and address weaknesses in the labour market in a report following scheduled consultations. “Increased market confidence and enhanced competitiveness would lift private investment, including from abroad.
2017 Budget Bill Targets Deficit Of HUF 1,166.4 BN
- 28 Apr 2016 9:00 AM
- business
Hungary’s budget is expected to run a cash-flow-based deficit of 1,166.4 billion forints (EUR 3.7bn) next year, well above the 761.6 billion gap targeted for 2016. The 2017 budget bill targets revenue of 17,374.9 billion forints and expenditures of 18,541.3 billion.
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 ...