27 result(s) for transaction tax in Business
Hungarian Banks Pass On Cost Of Transaction Duty To Clients
- 1 Apr 2014 9:00 AM
- business
Hungarian banks have passed on the entire cost of the financial transaction duty to their clients, according to a study by the National Bank of Hungary published on Monday. NBH department chief Lóránt Varga, one of the authors of the study, said banks had incorporated the cost of the transaction duty for bank card payments into higher annual card fees.
Hungarians Hoard Cash To Avoid Taxes
- 6 Mar 2014 8:00 AM
- business
Hungarians kept a record amount of cash at the end of last year, which analysts say is likely to be linked to the avoidance of the bank transaction fee and other types of tax, business daily Világgazdaság said. According to preliminary data from the central bank of Hungary, cash holdings came to 2.6 trillion forints (EUR 8.4bn) at the end of 2013, up 11% on 2012.
2013 Deficit Target Will Be Met, States Hungarian Govt.
- 11 Sep 2013 9:00 AM
- business
The central sub-sector of the state budget posted a deficit of HUF 110.0bn for the month of August 2013. The financial transfer data of the central budget at the end of August is in line with the Government's prior expectations. Revenues and expenditures anticipated for the current and the following months - including an outstanding surplus prognosticated for the month of December - confirm the ...
Hungary's National Bank Losses Expanded In First Half
- 27 Aug 2013 9:00 AM
- business
MKB Bank lost €108 million before taxes in the first half of the year, up from a €66 million loss one year earlier, according to the interim report of its parent bank BayernLB. MKB paid €46 million of the bank tax and €26 million of the financial transaction tax in the first quarter.
IMF Loan To Hungary Fully Repaid
- 12 Aug 2013 3:00 AM
- business
The Government has redeemed the remainder of outstanding debt owed to the International Monetary Fund in three foreign currencies, US dollars, Euros and British pounds, as required by the institution. The Government Debt Management Agency transferred USD 1.1bn, EUR 500 million and GBP 260 million for the early repayment. The amount of unutilised loan and proceeds from the USD-denominated ...
Hungarian Government Measures To Safeguard Achievements
- 18 Jun 2013 9:00 AM
- business
Hungarian people have made tremendous efforts to end the Excessive Deficit procedure against the country, but the result “shall be upheld and protected”, and that is the reason the Government has submitted new measures in Parliament, Government Spokesperson András Giró-Szász said, and Minister for National Economy Mihály Varga announced the concrete measures.
Xpat Opinion: Brussels To Lift Excessive Deficit Procedure Brought Against Hungary
- 27 May 2013 9:01 AM
- business
A left wing daily claims that Prime Minister Viktor Orbán is bound to win the sympathy of the voters whether Brussels waives the excessive deficit procedure or not. A pro-government daily suggests that the EU has run out of excuses to keep a punitive measure in place, which in any case had more to do with anger with a country that defies orthodoxy yet remains successful. A business daily focuses ...
Fiscal Measures Available In Hungary To Ensure Lifting Of Excessive Deficit Procedure
- 13 May 2013 9:00 AM
- business
During recent years, Hungary has moved from being one of the worst performing European countries to become one of the frontrunners of the EU, a result of the Government’s consistent economic policy, Government Spokesperson András Giró-Szász stated at a joint press conference on Friday. He emphasised that the Hungarian Government is convinced that the measures requested by the European Commission ...
New Fiscal Plans In Hungary Hit OTP Shares Hard
- 24 Oct 2012 9:00 AM
- business
OTP shares plunged as much as 9% at one point yesterday after Economy Minister Gyorgy Matolcsy announced that the bank tax would remain in full effect next year, and that the tax on financial transactions would be doubled to 0.2%.
Hungarian Banks Pass On Cost Of Transaction Duty To Clients
- 1 Apr 2014 9:00 AM
- business
Hungarian banks have passed on the entire cost of the financial transaction duty to their clients, according to a study by the National Bank of Hungary published on Monday. NBH department chief Lóránt Varga, one of the authors of the study, said banks had incorporated the cost of the transaction duty for bank card payments into higher annual card fees.
Hungarians Hoard Cash To Avoid Taxes
- 6 Mar 2014 8:00 AM
- business
Hungarians kept a record amount of cash at the end of last year, which analysts say is likely to be linked to the avoidance of the bank transaction fee and other types of tax, business daily Világgazdaság said. According to preliminary data from the central bank of Hungary, cash holdings came to 2.6 trillion forints (EUR 8.4bn) at the end of 2013, up 11% on 2012.
2013 Deficit Target Will Be Met, States Hungarian Govt.
- 11 Sep 2013 9:00 AM
- business
The central sub-sector of the state budget posted a deficit of HUF 110.0bn for the month of August 2013. The financial transfer data of the central budget at the end of August is in line with the Government's prior expectations. Revenues and expenditures anticipated for the current and the following months - including an outstanding surplus prognosticated for the month of December - confirm the ...
Hungary's National Bank Losses Expanded In First Half
- 27 Aug 2013 9:00 AM
- business
MKB Bank lost €108 million before taxes in the first half of the year, up from a €66 million loss one year earlier, according to the interim report of its parent bank BayernLB. MKB paid €46 million of the bank tax and €26 million of the financial transaction tax in the first quarter.
IMF Loan To Hungary Fully Repaid
- 12 Aug 2013 3:00 AM
- business
The Government has redeemed the remainder of outstanding debt owed to the International Monetary Fund in three foreign currencies, US dollars, Euros and British pounds, as required by the institution. The Government Debt Management Agency transferred USD 1.1bn, EUR 500 million and GBP 260 million for the early repayment. The amount of unutilised loan and proceeds from the USD-denominated ...
Hungarian Government Measures To Safeguard Achievements
- 18 Jun 2013 9:00 AM
- business
Hungarian people have made tremendous efforts to end the Excessive Deficit procedure against the country, but the result “shall be upheld and protected”, and that is the reason the Government has submitted new measures in Parliament, Government Spokesperson András Giró-Szász said, and Minister for National Economy Mihály Varga announced the concrete measures.
Xpat Opinion: Brussels To Lift Excessive Deficit Procedure Brought Against Hungary
- 27 May 2013 9:01 AM
- business
A left wing daily claims that Prime Minister Viktor Orbán is bound to win the sympathy of the voters whether Brussels waives the excessive deficit procedure or not. A pro-government daily suggests that the EU has run out of excuses to keep a punitive measure in place, which in any case had more to do with anger with a country that defies orthodoxy yet remains successful. A business daily focuses ...
Fiscal Measures Available In Hungary To Ensure Lifting Of Excessive Deficit Procedure
- 13 May 2013 9:00 AM
- business
During recent years, Hungary has moved from being one of the worst performing European countries to become one of the frontrunners of the EU, a result of the Government’s consistent economic policy, Government Spokesperson András Giró-Szász stated at a joint press conference on Friday. He emphasised that the Hungarian Government is convinced that the measures requested by the European Commission ...
New Fiscal Plans In Hungary Hit OTP Shares Hard
- 24 Oct 2012 9:00 AM
- business
OTP shares plunged as much as 9% at one point yesterday after Economy Minister Gyorgy Matolcsy announced that the bank tax would remain in full effect next year, and that the tax on financial transactions would be doubled to 0.2%.