- The Rules Of Compensation For Debt Recovery Costs
- Provisions on the new Employee Stock Ownership Plan
- Public Health Product Tax – Tax Allowance For Health Promotion Programmes
- The Most Important Tax Legislative Changes Effective From 2016
- The Legal Aspects Of Telework
- Easier Data Transfer To Countries Outsite The EU
- New Feature For Invoicing Softwares Required
- Mandatory Employment Of Fire Protection Specialists
- Amended Rules Of Proceedings For The Protection Of Possession
- Changing Advertising Tax Rates
In Hungary, the ongoing plans to relax fiscal policy in 2017 could delay Hungary's rating upgrades, though the government would be willing to pay the price, said Pasquale Diana, a London-based analyst at Morgan Stanley, in a research note published on Wednesday. He does not expect Hungary to return to the Excessive Deficit Procedure (EDP) in any case. More...
The European Commission recommends Hungary to achieve an annual fiscal adjustment of 0.3 % of GDP towards the medium-term budgetary objective in 2016 and of 0.6 % of GDP in 2017. The EC also urges the government to lower sector-specific taxes, reduce the tax wedge for low-income earners and facilitate the transition from the public work scheme to the primary labour market. More...
As usual, Hungary’s debt ratio started to rise in the first quarter after some "facelift" at the end of last year. Fiscal prudence remains intact, though, and the state hardly had any financing need in January-March. More...
Hungarian chef Tamas Szell from Resturant Onyx and his teammates celebrate his victory after winning the European final of Bocuse d'Or, the world's most prestigious contest for chefs last Wednesday in Budapest, Hungary. After two days of very intense competition, eleven European candidates have earned qualification to take part in the World Final in Lyon, France January 2017. (Photo: MTI Tamás Kovács)
The Hungarian government decided to draw up and implement a national strategy for bus production, government spokesman Zoltán Kovács said yesterday, during a break in a cabinet meeting, Hungarian news agency MTI reported. More...
bbj.hu/ MTI- Econews
A lower tax burden, lending growth and improved cost efficiency could raise the return on equity of Hungaryʼs banking sector to 6-8% in 2016-2017, the National Bank of Hungary (MNB) said today, according to Hungarian news agency MTI. More...
Architectural Digest / by Alia Akkam
With its straight-out-of-a-storybook scenery—innumerable palatial buildings, ornate old-world cafés, and the mighty Danube River rippling beneath an octet of bridges—Budapest is a picturesque metropolis. But Hungary’s complex political history manifests itself in design, too... More...
Budapest Business Journal
The Hungarian government is targeting an increase of the number of environmentally-friendly vehicles on the country’s roads to 50,000 by 2020 from the current 600, Hungary’s National Economy Minister Mihály Varga said on Friday, according to Hungarian news agency MTI. More...
Hungary’s first-quarter GDP was a record surprise printing at 0.9% year-on-year, after 3.2% the previous quarter, much lower than the 2.0% consensus, and also the lowest yr/yr growth since 2013 and the largest quarterly drop at -0.8% since the highest of the Eurozone crisis in 2012. More... - Read also: Hungary EcoMin Addresses Anemic First-quarter GDP Data
Economic growth in Hungary decelerated significantly in the first quarter of 2016, according to analysts polled by Portfolio. They project a mere 2% output increase for the first three months of the year. Not to mention that this estimate already includes the impact of the leap day (ie. longer quarter), without which GDP growth would have come in closer to 1.5%. More... - Read also: KSH: Hungary’s industrial production falls on declining automotive sector