• 22 Nov 2024

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15 result(s) for sun in Finance

EC Proposes Suspending 65% of Cohesion Funds To Hungary

EC Proposes Suspending 65% of Cohesion Funds To Hungary

The European Commission has proposed suspending a part of the EU funds allocated to Hungary over concerns about their mismanagement. Johannes Hahn, the Commissioner for Budget and Administration, told a press conference on Sunday that the EC was proposing to the European Council a suspension of 65% of cohesion funds due to Hungary, amounting to an estimated 7.5 billion euros.
Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

The cabinet has decided to set up a fund for protecting the cap on utility bills and is introducing a tax on extra profits to finance it, Márton Nagy, the minister of economic development, said in an interview to public radio on Sunday.
Petition Drive Against Gov't Plan to Scrap KATA Tax Launched by Opposition Party DK

Petition Drive Against Gov't Plan to Scrap KATA Tax Launched by Opposition Party DK

The Democratic Coalition (DK) will launch a petition drive in protest against plans by the government to scrap the preferential Itemised Tax for Small Businesses (KATA), the opposition party’s parliamentary group spokeswoman said on Sunday.
Hungarian Central Bank Raises Leading Rate to 5.35%

Hungarian Central Bank Raises Leading Rate to 5.35%

The MNB increased its one-week deposit facility, its leading interest rate, by 75 basis points to 5.35%, exceeding expectations.
Hungary Running Disciplined Budget, Says Finance Minister

Hungary Running Disciplined Budget, Says Finance Minister

Hungary’s government is running a disciplined, tight budget, Mihály Varga, the finance minister, said in an interview to public radio on Sunday, noting that it boosted reserves at the end of last year and rescheduled investments this year.
Hungary Among Europe’s Safest Countries For Online Bankcard Payments, While Phishing For Personal Data Was Widespread

Hungary Among Europe’s Safest Countries For Online Bankcard Payments, While Phishing For Personal Data Was Widespread

Notwithstanding last year’s 70,000 fraudulent bankcard transactions costing 1.3 billion forints (EUR 3.6m), Hungary is among Europe’s safest countries for online bankcard payments both in terms of the volume and value of transactions, according to finance ministry state secretary András Tállai.
Mayors Call On Gov't To Withdraw Decision Halving Local Business Tax

Mayors Call On Gov't To Withdraw Decision Halving Local Business Tax

Budapest Mayor Gergely Karácsony and 37 mayors of Budapest districts and cities around Hungary demanded in a joint statement on Sunday that the government withdraw a decision on halving the local business tax.
Hungary 'Prepared To Veto EU Recovery Fund Budget'

Hungary 'Prepared To Veto EU Recovery Fund Budget'

Viktor Orbán is prepared to veto the EU budget and the recovery fund if the payment of funds to member states is tied to the rule of law, according to mandiner.hu.
Budapest Municipality Owns HUF 135 Billion In State Bonds

Budapest Municipality Owns HUF 135 Billion In State Bonds

The Budapest municipality owns 135 billion forints (EUR 377.2m) in bonds and more than 27 billion in cash, according to the city council’s balance sheet report submitted on July 20, the Hungarian State Treasury said.
EC Proposes Suspending 65% of Cohesion Funds To Hungary

EC Proposes Suspending 65% of Cohesion Funds To Hungary

The European Commission has proposed suspending a part of the EU funds allocated to Hungary over concerns about their mismanagement. Johannes Hahn, the Commissioner for Budget and Administration, told a press conference on Sunday that the EC was proposing to the European Council a suspension of 65% of cohesion funds due to Hungary, amounting to an estimated 7.5 billion euros.
Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

The cabinet has decided to set up a fund for protecting the cap on utility bills and is introducing a tax on extra profits to finance it, Márton Nagy, the minister of economic development, said in an interview to public radio on Sunday.
Petition Drive Against Gov't Plan to Scrap KATA Tax Launched by Opposition Party DK

Petition Drive Against Gov't Plan to Scrap KATA Tax Launched by Opposition Party DK

The Democratic Coalition (DK) will launch a petition drive in protest against plans by the government to scrap the preferential Itemised Tax for Small Businesses (KATA), the opposition party’s parliamentary group spokeswoman said on Sunday.
Hungarian Central Bank Raises Leading Rate to 5.35%

Hungarian Central Bank Raises Leading Rate to 5.35%

The MNB increased its one-week deposit facility, its leading interest rate, by 75 basis points to 5.35%, exceeding expectations.
Hungary Running Disciplined Budget, Says Finance Minister

Hungary Running Disciplined Budget, Says Finance Minister

Hungary’s government is running a disciplined, tight budget, Mihály Varga, the finance minister, said in an interview to public radio on Sunday, noting that it boosted reserves at the end of last year and rescheduled investments this year.
Hungary Among Europe’s Safest Countries For Online Bankcard Payments, While Phishing For Personal Data Was Widespread

Hungary Among Europe’s Safest Countries For Online Bankcard Payments, While Phishing For Personal Data Was Widespread

Notwithstanding last year’s 70,000 fraudulent bankcard transactions costing 1.3 billion forints (EUR 3.6m), Hungary is among Europe’s safest countries for online bankcard payments both in terms of the volume and value of transactions, according to finance ministry state secretary András Tállai.
Mayors Call On Gov't To Withdraw Decision Halving Local Business Tax

Mayors Call On Gov't To Withdraw Decision Halving Local Business Tax

Budapest Mayor Gergely Karácsony and 37 mayors of Budapest districts and cities around Hungary demanded in a joint statement on Sunday that the government withdraw a decision on halving the local business tax.
Hungary 'Prepared To Veto EU Recovery Fund Budget'

Hungary 'Prepared To Veto EU Recovery Fund Budget'

Viktor Orbán is prepared to veto the EU budget and the recovery fund if the payment of funds to member states is tied to the rule of law, according to mandiner.hu.
Budapest Municipality Owns HUF 135 Billion In State Bonds

Budapest Municipality Owns HUF 135 Billion In State Bonds

The Budapest municipality owns 135 billion forints (EUR 377.2m) in bonds and more than 27 billion in cash, according to the city council’s balance sheet report submitted on July 20, the Hungarian State Treasury said.