• EC: Substantial Fiscal Effort Needed In 2018 For Hungary To Meet Requirements

    EC: Substantial Fiscal Effort Needed In 2018 For Hungary To Meet Requirements

    • 23 May 2017 8:50 AM

    The European Commission recommends that Hungary in 2017 and 2018 pursue its fiscal policy in line with the requirements of the preventive arm of the Stability and Growth Pact, which translates into a substantial fiscal effort for 2018, the EC said in its draft country-specific recommendation published on Monday.

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  • Hungary To Increase Military Spending In 2018

    Hungary To Increase Military Spending In 2018

    • 18 May 2017 9:52 AM

    Pro-government print daily Magyar Idők (Hungarian Times) reports that military-related spending is to increase HUF 73.6 billion in 2018 to HUF 428 billion, or 1.05 percent of GDP. This is an increase of 21 percent.

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  • Hungarian Parliament Amends Advertisement Tax Law

    Hungarian Parliament Amends Advertisement Tax Law

    • 17 May 2017 8:00 AM

    Parliament on Tuesday passed a law amendment setting the rate of advertisement tax at 7.5 percent from the second half of 2017. The levy will apply to companies with revenue exceeding a net amount of 100 million forints (EUR 320,000) from July 1, 2017. The bill submitted by the economy minister was passed with 117 votes in favour and 58 against.

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