539 result(s) for who in Business
OECD Report: High Qualification Well Rewarded In Hungary
- 25 Nov 2015 8:00 AM
- business
High qualification is well rewarded in Hungary in terms of earnings, with workers holding university degrees earning twice as much as those with a secondary education, the OECD said in its Education at a Glance 2015 report. The report said the large earnings advantage may in part be due to the relatively small share of people holding higher education degrees in Hungary.
Hungarian Parlt Raises Tax On Fruit Brandy Pálinka
- 18 Nov 2015 8:00 AM
- business
Parliament raised the tax on distillation of Hungarian pálinka fruit brandy for personal consumption by 700 forints (EUR 2.24) per litre to comply with a ruling by the European Court. From January it will be obligatory to purchase “distillation stamps” for every litre of pálinka. Individuals may purchase between 5 and 86 of the 700 forint stamps.
Hungarian Parlt Passes Taxpayer Classification, Red Tape Reduction Laws
- 18 Nov 2015 8:00 AM
- business
Lawmakers approved bills on cutting red tape and classifying taxpayers based on tax compliance risk. The bill put forward by government office chief János Lázár aims to simplify and speed up public administration, scale back the number of steps needed to obtain permits and reduce completion deadlines. Activities no longer requiring permits will include the sale of precious metal jewellery, ...
Hungarian Forint Joins CLS Multi-Currency Cash Settlement System
- 17 Nov 2015 8:00 AM
- business
Hungary’s forint has become part of the CLS (Continuous Linked Settlement) system that settles payment instructions relating to underlying FX transactions, the company (CLS Group - CLS) said. The Hungarian unit is the first central and eastern European currency to be added to the CLS settlement system, and the 18th overall, they said. “CLS ... has started settling payment instructions in the ...
National Bank of Hungary To Launch Growth Supporting Programme
- 4 Nov 2015 8:00 AM
- business
The National Bank of Hungary will launch a Growth Supporting Programme (GSP) in January with the aim of increasing the banking sector’s lending to small and medium-sized firms by 250-400 billion forints, or 5-10% of total corporate lending stock, in 2016. The GSP comprises the final phase of the NBH’s Funding for Growth Scheme (FGS) as well as a package of incentives for active lenders dubbed the ...
Hungarian Competition Office Approves Andy Vajna’s Acquisition Of TV2
- 2 Nov 2015 8:00 AM
- business
The competition office GVH has approved Magyar Broadcasting Co’s acquisition of direct sole control over commercial television channel TV2 and CEE Broadcasting Ltd, GVH told MTI. Magyar Broadcasting Co. is owned by the government’s film industry commissioner, producer Andy Vajna.Magyar Broadcasting Co submitted a request to GVH on October 16 to clear the acquisition of companies operating ...
Almost 3,600 Individuals, 3,100 Companies On Hungarian Tax Authority’s Blacklist
- 30 Oct 2015 8:00 AM
- business
There were 3,597 private taxpayers and self-employed individuals owing more than 10 million forints each in back taxes for at least 180 days at the end of September, figures from the Hungarian tax authority NAV show. The debtors’ list, updated on a quarterly basis, is headed by Zhou Tejiao, the owner of a now defunct company, who owes 13.6 billion forints.
Hungary Jobless Rate Down To 6.4% In July & Sept
- 29 Oct 2015 8:00 AM
- business
The average unemployment rate was 6.4% among Hungarians aged between 15 and 74 in July-September, the Central Statistical Office (KSH) said. The jobless rate went down from 7.4% in the same period a year earlier and from 6.9% in April-June. The number of unemployed averaged 292,700 during the reported period. The number of employed averaged 4,264,800. A total of 49.2% of the unemployed had been ...
Survey: Hungarians Consider Themselves Uninformed On Financial Affairs
- 28 Oct 2015 8:00 AM
- business
Hungarians consider themselves relatively uninformed as regards to financial affairs, but consult several sources when it comes to finding investment options, a survey conducted jointly by CIB Bank and the GfK research institute showed. The two firms conducted the research by asking online 500 people in the 25-69 age group who use the internet on a weekly basis.
OECD Report: High Qualification Well Rewarded In Hungary
- 25 Nov 2015 8:00 AM
- business
High qualification is well rewarded in Hungary in terms of earnings, with workers holding university degrees earning twice as much as those with a secondary education, the OECD said in its Education at a Glance 2015 report. The report said the large earnings advantage may in part be due to the relatively small share of people holding higher education degrees in Hungary.
Hungarian Parlt Raises Tax On Fruit Brandy Pálinka
- 18 Nov 2015 8:00 AM
- business
Parliament raised the tax on distillation of Hungarian pálinka fruit brandy for personal consumption by 700 forints (EUR 2.24) per litre to comply with a ruling by the European Court. From January it will be obligatory to purchase “distillation stamps” for every litre of pálinka. Individuals may purchase between 5 and 86 of the 700 forint stamps.
Hungarian Parlt Passes Taxpayer Classification, Red Tape Reduction Laws
- 18 Nov 2015 8:00 AM
- business
Lawmakers approved bills on cutting red tape and classifying taxpayers based on tax compliance risk. The bill put forward by government office chief János Lázár aims to simplify and speed up public administration, scale back the number of steps needed to obtain permits and reduce completion deadlines. Activities no longer requiring permits will include the sale of precious metal jewellery, ...
Hungarian Forint Joins CLS Multi-Currency Cash Settlement System
- 17 Nov 2015 8:00 AM
- business
Hungary’s forint has become part of the CLS (Continuous Linked Settlement) system that settles payment instructions relating to underlying FX transactions, the company (CLS Group - CLS) said. The Hungarian unit is the first central and eastern European currency to be added to the CLS settlement system, and the 18th overall, they said. “CLS ... has started settling payment instructions in the ...
National Bank of Hungary To Launch Growth Supporting Programme
- 4 Nov 2015 8:00 AM
- business
The National Bank of Hungary will launch a Growth Supporting Programme (GSP) in January with the aim of increasing the banking sector’s lending to small and medium-sized firms by 250-400 billion forints, or 5-10% of total corporate lending stock, in 2016. The GSP comprises the final phase of the NBH’s Funding for Growth Scheme (FGS) as well as a package of incentives for active lenders dubbed the ...
Hungarian Competition Office Approves Andy Vajna’s Acquisition Of TV2
- 2 Nov 2015 8:00 AM
- business
The competition office GVH has approved Magyar Broadcasting Co’s acquisition of direct sole control over commercial television channel TV2 and CEE Broadcasting Ltd, GVH told MTI. Magyar Broadcasting Co. is owned by the government’s film industry commissioner, producer Andy Vajna.Magyar Broadcasting Co submitted a request to GVH on October 16 to clear the acquisition of companies operating ...
Almost 3,600 Individuals, 3,100 Companies On Hungarian Tax Authority’s Blacklist
- 30 Oct 2015 8:00 AM
- business
There were 3,597 private taxpayers and self-employed individuals owing more than 10 million forints each in back taxes for at least 180 days at the end of September, figures from the Hungarian tax authority NAV show. The debtors’ list, updated on a quarterly basis, is headed by Zhou Tejiao, the owner of a now defunct company, who owes 13.6 billion forints.
Hungary Jobless Rate Down To 6.4% In July & Sept
- 29 Oct 2015 8:00 AM
- business
The average unemployment rate was 6.4% among Hungarians aged between 15 and 74 in July-September, the Central Statistical Office (KSH) said. The jobless rate went down from 7.4% in the same period a year earlier and from 6.9% in April-June. The number of unemployed averaged 292,700 during the reported period. The number of employed averaged 4,264,800. A total of 49.2% of the unemployed had been ...
Survey: Hungarians Consider Themselves Uninformed On Financial Affairs
- 28 Oct 2015 8:00 AM
- business
Hungarians consider themselves relatively uninformed as regards to financial affairs, but consult several sources when it comes to finding investment options, a survey conducted jointly by CIB Bank and the GfK research institute showed. The two firms conducted the research by asking online 500 people in the 25-69 age group who use the internet on a weekly basis.