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Expat Life in Budapest, Hungary - News, Events, Movies, Restaurants, Jobs, Schools, Sport, Clubs in the Hungarian Capital
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 Monday 08 September 2008
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Expat Life in Budapest, Hungary - News, Events, Movies, Restaurants, Jobs, Schools, Sport, Clubs in the Hungarian Capital

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HUF firmest vs. USD in 10 yrs
"While against the euro it was virtually motionless, Hungary's forint firmed to a new 10-year record versus the dollar in morning trade on Thursday, which is attributed to the USD's latest wave of weakening. Yields have remained largely unchanged at benchmark papers on the local fixed-income market. The HUF is hovering around 246.50 to the euro, while it ventured below 179 to the USD, which - according to daily exchange rate data of the central bank (NBH) - has not happened since April 1997. more »

Managing Directors Can be Employed Again in Hungary
Managing Directors Can be Employed Again in Hungary
"From 1 September 2007 it will again be allowed for executive officers (especially Managing Directors) in Hungary to establish an employment relationship with the company, PricewaterhouseCoopers said in its latest Tax and Legal Alert on Thursday. more »

International reserves up by more than EUR 200 m in June
International reserves up by more than EUR 200 m in June
"Hungary's international reserves grew by EUR 206.4 million to EUR 16,966 billion in June, according to preliminary data provided by the central bank (NBH) on Friday. End-June reserves are nearly EUR 200 m smaller than this year's peak registered in end-February, but around EUR 570 m larger than at the end of 2006. more »

Tax hikes may come if Hungary's opposition succeeds in referendum
Tax hikes may come if Hungary's opposition succeeds in referendum
"If the referendum were valid and with a result wanted by its promoters, Fidesz and the Christian Democrats (KDNP), then the lost budget revenues would need to be compensated either by withdrawing money from other areas or via tax and contribution hikes, Hungarian Prime Minister Ferenc Gyurcsány said. more »


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