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Friday 24 Nov 2017
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Govt To Cut Payroll Tax 2.5 Pps Next Year
Hungary’s government plans to cut the payroll tax by 2.5 percentage points next year rather than by 2pps in reaction to fast wage growth, Economy Minister Mihály Varga said. Varga noted that the government had agreed with employers and unions late last year to reduce the payroll tax by a further 2 percentage points in 2018 but would widen the cut to 2.5 percentage points if gross wage growth exceeded 11% in January- September. more »
Hungarian Central Bank Policy Makers Keep Base Rate On Hold But Take ‘Unconventional’ Easing Measures
The National Bank of Hungary’s Monetary Council decided to keep the central bank’s key rate on hold at 0.90 percent at a meeting on Tuesday, but took a number of other measures to ease monetary conditions in light of lower than expected inflation. more »
Hungary Among Most Attractive Investment Destinations For US Businesses, Says Foreign Minister In NY
Hungary is among the most attractive investment destinations for US companies, the foreign affairs and trade minister said after talks with US business leaders and business council representatives in New York on Wednesday. more »

Hungary Gross Wages Up 13.1% Yr/Yr In July


Hungary Gross Wages Up 13.1% Yr/Yr In July
The average gross wage in Hungary rose by an annual 13.1% to 290,450 forints in July, the Central Statistical Office (KSH) said. Net wages grew at the same pace as gross wages, also growing by 13.1%, to 193,149 forints. more »

Student Loan Becomes Interest Free


Student Loan Becomes Interest Free
The government abolished interest payments on the so-called student loan No 2, the tuition fee student loan, state secretary of the Human Resources Ministry Katalin Novák announced on Tuesday. This also effects the loans which had already been taken up, she added. more »

Local Opinion: New Euro-Criteria By The National Bank


Local Opinion: New Euro-Criteria By The National Bank
As he National Bank deems that Hungary should approach the European average before joining the Euro-zone, a business analyst believes the new criteria outlines by the issuing bank are two severe. more »



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