- Expected Amendments To The Tax Legislation For 2017
- Supreme Court ruling on hostile takeover defence costs
- New rules of e-signature
- 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
Innovation is key to ensuring sustainable seed production and mitigating the effects of global challenges, including climate change, Hungarian Foreign Minister Péter Szijjartó told the World Seed Congress in Budapest on Monday. More...
Mirror Business (Sri Lanka) / By Michael Holtz
High-speed railways in Indonesia and Hungary. Deep-water ports in Pakistan and Sri Lanka. Gas pipelines across central Asia. All are part of what is arguably the largest overseas development drive ever launched by a single nation. More...
Israeli pharmaceutical firm Teva has announced that it plans to cease operations at a manufacturing plant in Gödöllő in Budapest, Hungary, leaving 500 staff facing the axe. More...
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Hungary’s general government consolidated gross debt at nominal value was 74.6% of GDP at the end of the first quarter of 2017, down from 74.1% from the end of 2016, the central bank’s (MNB) preliminary financial accounts data showed on Wednesday. It is noteworthy regarding households that their financing capacity, i.e. the difference between their new liabilities and receivables, has been diminishing for several quarters now. It is also interesting that households’ currency and deposit stock decreased slightly in Q1, whereas their holdings of government securities increased markedly. More...
Hungarian Foreign Minister Péter Szijjártó told wire service MTI that the Chinese government has decided to elevate its bilateral ties with Hungary to the level of “comprehensive strategic partnership”, the highest rank in China’s diplomatic relations. More... (Photo: Chinese President Xi Jinping (R) meets with Hungarian Prime Minister Viktor Orban in Beijing announcing the establishment of a comprehensive strategic partnership - Xinhua/Rao Aimin)
Central Statistical Office
In the first three months of the year, both gross and net earnings grew by 11.0% compared to the same period of the previous year. Rises of 15% in the minimum wage and 25% in the guaranteed minimum wage as well as salary adjustments affecting specific areas of the public sector and the employees of state owned public service companies had an impact on earnings growth. Details...
The Korea Herald
Two South Korean auto parts companies have acquired plants in Hungary in a move to better supply their products to major customers, a trade promotion agency said Thursday. Shinheung SEC and Youngshin Components have recently wrapped up the process to separately acquire local manufacturing facilities near Hungary's capital city of Budapest to produce car battery and air conditioner compressor parts, respectively, the Korea Trade-Investment Promotion Agency KOTRA said in a statement. More...
An increase in Hungaryʼs advertising tax from 5.3% to 7.5% was approved by Parliament on Tuesday morning. The proposal put forward a fortnight ago by Lajos Kósa, parliamentary group leader of the governing Fidesz, was supported by 117 MPs, with 58 against. More...
Central Statistical Office
The gross domestic product of Hungary was up by 4.1% in the 1st quarter of 2017 compared to the corresponding period of the previous year. The main contributors to the growth were industry and market-based services. Details
Budapest Business Journal
In a statement issued Friday following regular Article IV consultations, executive directors of the International Monetary Fund (IMF) praised Hungary for its continued strong economic performance but noted that still high external and public debt levels call for rebalancing the policy mix and advancing structural reforms, Hungarian news agency MTI reported. More...