251 result(s) for subsidy
Hungarians Returning From Abroad Can Draw On New State Subsidy
- 30 Dec 2015 8:00 AM
- current affairs
Hungarians and their partners returning home after a spell working abroad will be eligible for the government’s new family home-building scheme, a ministry of human resources official said.
Hungarian Gov’t Adds HUF 5bn To Olympics Budget
- 30 Dec 2015 8:00 AM
- sport
The government will increase funding for Budapest’s 2024 Olympic bid from Ft 10 billion to Ft 15 billion, under a resolution approved before Christmas. The feasibility study for the bid to host the 2024 summer games put the total cost of the bidding effort at Ft 10 billion. In addition, the government aims to raise a further Ft 4 billion through tax breaks for corporate sponsorship, boosting the ...
Rothschild Offers Upbeat Study On Hungarian Paks Nuclear Power Plant
- 23 Dec 2015 8:00 AM
- current affairs
The expansion of the Paks nuclear power plant is not being carried out in a way that violates EU competition rules and is an investment that will recover its costs without state subsidy, according to a study by the Rothschild Group, released yesterday by the Prime Minister’s Office. Government commissioner for the expansion project Attila Aszódi said the financial consultant’s analysis will be ...
LMP Files Criminal Report About Alleged Eximbank Loan For Hungarian TV2 Purchase
- 17 Dec 2015 8:00 AM
- current affairs
The green opposition LMP will file a criminal report for abuse of power and mismanagement in connection with Eximbank lending 6.72 billion forints (EUR 21.3m) to government commissioner Andrew G Vajna’s company to buy media group TV2, according to press reports. LMP co-leader András Schiffer said that the bank should not “stuff the pockets of a government-friendly offshore knight with loans”.
Interest Strong For New Homebuyers’ Subsidy In Hungary
- 28 Sep 2015 5:01 AM
- property
Clients of OTP Bank, Hungary’s biggest commercial lender, have so far submitted more than 2,500 applications for the state’s new home loan subsidy, deputy-CEO Antal Kovács said. More than 800 clients have already been awarded the subsidy, known by its Hungarian acronym “csok”. The government has already raised the csok allocation after interest exceeded the originally targeted 4,000 applications ...
Report: 20% Percent Of Hungarian Homebuyers Apply For Loans
- 4 Sep 2015 9:00 AM
- property
Approximately 20% of those purchasing homes in Hungary use loans to complete the purchase, while 10% participate in the expanded home purchase subsidy scheme for families (CSOK), real estate broker Duna House reported yesterday, citing their own data. On average, homebuyers borrow HUF 6.5 mln, while those involved in the CSOK program borrow HUF 7.4 mln.
Bigger Budget For Sziget Budapest
- 10 Aug 2015 2:40 AM
- entertainment
The Sziget Festival starts this week with an expanded budget that allows organisers to pay guest performers 30-40% more than last year, chief promoter Károly Gerendai told Népszabadság. This year’s budget is Ft 4.7 billion, up from Ft 3.7 billion last year. The most expensive performer is English singer Robbie Williams, who will be on stage on Monday, “Day Zero” before the six-day festival gets ...
Hungary’s Béres Gets Huge Subsidy For Ft 3.2bn Investment
- 15 Jul 2015 9:00 AM
- health & wellness
Pharmaceutical company Béres Gyógyszergyár has began a Ft 3.2 billion capacity expansion investment at its plant in Szolnok. Half of the costs, Ft 1.6 billion, will be covered by the state, Foreign Affairs and Trade Minister Péter Szijjártó announced. Béres will increase its production area to 1,600m2 and its warehouse storage space by 400m2, in addition to installing new technology in the plant.
Hungarian Housing Market Growing Rapidly
- 2 Jul 2015 9:00 AM
- property
The number of homes sold in the first half was up 50% year-on-year at 68,000, real estate agency Duna House announced. As second-half figures are usually higher, the number of sales could reach 150,000 this year, the agency projected. A new home subsidy scheme in effect from July 1 is also expected to lift sales.
Hungarians Returning From Abroad Can Draw On New State Subsidy
- 30 Dec 2015 8:00 AM
- current affairs
Hungarians and their partners returning home after a spell working abroad will be eligible for the government’s new family home-building scheme, a ministry of human resources official said.
Hungarian Gov’t Adds HUF 5bn To Olympics Budget
- 30 Dec 2015 8:00 AM
- sport
The government will increase funding for Budapest’s 2024 Olympic bid from Ft 10 billion to Ft 15 billion, under a resolution approved before Christmas. The feasibility study for the bid to host the 2024 summer games put the total cost of the bidding effort at Ft 10 billion. In addition, the government aims to raise a further Ft 4 billion through tax breaks for corporate sponsorship, boosting the ...
Rothschild Offers Upbeat Study On Hungarian Paks Nuclear Power Plant
- 23 Dec 2015 8:00 AM
- current affairs
The expansion of the Paks nuclear power plant is not being carried out in a way that violates EU competition rules and is an investment that will recover its costs without state subsidy, according to a study by the Rothschild Group, released yesterday by the Prime Minister’s Office. Government commissioner for the expansion project Attila Aszódi said the financial consultant’s analysis will be ...
LMP Files Criminal Report About Alleged Eximbank Loan For Hungarian TV2 Purchase
- 17 Dec 2015 8:00 AM
- current affairs
The green opposition LMP will file a criminal report for abuse of power and mismanagement in connection with Eximbank lending 6.72 billion forints (EUR 21.3m) to government commissioner Andrew G Vajna’s company to buy media group TV2, according to press reports. LMP co-leader András Schiffer said that the bank should not “stuff the pockets of a government-friendly offshore knight with loans”.
Interest Strong For New Homebuyers’ Subsidy In Hungary
- 28 Sep 2015 5:01 AM
- property
Clients of OTP Bank, Hungary’s biggest commercial lender, have so far submitted more than 2,500 applications for the state’s new home loan subsidy, deputy-CEO Antal Kovács said. More than 800 clients have already been awarded the subsidy, known by its Hungarian acronym “csok”. The government has already raised the csok allocation after interest exceeded the originally targeted 4,000 applications ...
Report: 20% Percent Of Hungarian Homebuyers Apply For Loans
- 4 Sep 2015 9:00 AM
- property
Approximately 20% of those purchasing homes in Hungary use loans to complete the purchase, while 10% participate in the expanded home purchase subsidy scheme for families (CSOK), real estate broker Duna House reported yesterday, citing their own data. On average, homebuyers borrow HUF 6.5 mln, while those involved in the CSOK program borrow HUF 7.4 mln.
Bigger Budget For Sziget Budapest
- 10 Aug 2015 2:40 AM
- entertainment
The Sziget Festival starts this week with an expanded budget that allows organisers to pay guest performers 30-40% more than last year, chief promoter Károly Gerendai told Népszabadság. This year’s budget is Ft 4.7 billion, up from Ft 3.7 billion last year. The most expensive performer is English singer Robbie Williams, who will be on stage on Monday, “Day Zero” before the six-day festival gets ...
Hungary’s Béres Gets Huge Subsidy For Ft 3.2bn Investment
- 15 Jul 2015 9:00 AM
- health & wellness
Pharmaceutical company Béres Gyógyszergyár has began a Ft 3.2 billion capacity expansion investment at its plant in Szolnok. Half of the costs, Ft 1.6 billion, will be covered by the state, Foreign Affairs and Trade Minister Péter Szijjártó announced. Béres will increase its production area to 1,600m2 and its warehouse storage space by 400m2, in addition to installing new technology in the plant.
Hungarian Housing Market Growing Rapidly
- 2 Jul 2015 9:00 AM
- property
The number of homes sold in the first half was up 50% year-on-year at 68,000, real estate agency Duna House announced. As second-half figures are usually higher, the number of sales could reach 150,000 this year, the agency projected. A new home subsidy scheme in effect from July 1 is also expected to lift sales.