• VAT Cut In Hungary Bad For Revenues

    VAT Cut In Hungary Bad For Revenues

    13 Oct 2018

    Reducing Hungary’s main VAT rate by two percentage points to 25% would result in “many hundreds of billions of forints” of lost budget revenue, András Tállai, the deputy finance minister, said in an interview published in Friday’s issue of the daily Magyar Idők. More >>

  • EU To Transfer Almost All Funds To Hungary

    EU To Transfer Almost All Funds To Hungary

    • 10 Oct 2018 8:37 AM

    The government has managed to resolve disputes with the European Commission on all but two funding issues, namely the construction of the M4 metro line and Hungary’s tendering system for EU funds.

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  • IMF Raises GDP Growth Forecast For Hungary

    IMF Raises GDP Growth Forecast For Hungary

    • 10 Oct 2018 5:59 AM

    The International Monetary Fund (IMF) raised its projection for Hungary’s GDP growth this year to 4% in its fresh World Economic Outlook. The projection was raised from 3.8% in a forecast released in April, but is still under the government’s official target for 4.3% growth.

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  • Hungary Prepares To Withdraw Old HUF 1,000 Bills

    Hungary Prepares To Withdraw Old HUF 1,000 Bills

    • 6 Sep 2018 6:40 PM

    The National Bank of Hungary (MNB) issued a reminder on Tuesday that old HUF 1,000 bills, which have been replaced by a new banknote design with enhanced security features, will be withdrawn from circulation on November 1, 2018.

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