27 result(s) for closure in Business
Erste Bank To Close Branches
- 7 Jun 2017 8:00 AM
- business
Erste bank has decided following an annual review to close down some of its branches on June 30, it was announced on Friday. The rent contracts for the premises of the affected branches expire in the summer or in the autumn.
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Hungarian Forint Liquidity Of Banking Sector Falls In Sept
- 13 Oct 2015 9:00 AM
- business
Forint liquidity of Hungary’s banking sector fell in September from a month earlier, reflected mainly in the lower average stocks of two-week central bank deposits, the National Bank of Hungary said in a report. The average stock of two-week deposits decreased by 241.8 billion forints to 4,290 billion, the report based on preliminary data shows. The average stock of external assets fell by 350 ...
Schengen Disintegration “Threat To Hungary’s Foreign Trade”
- 25 Sep 2015 9:00 AM
- business
If the Schengen system breaks down due to the migration crisis Hungarian companies could suffer, the foreign minister told a business conference. Péter Szijjártó said temporary border closures are causing major problems due to an increase in shipping times for companies employing just-intime manufacturing. If the Schengen system breaks down completely, lorries will have to queue at borders and ...
Századvég Lowers Hungary’s GDP, Inflation Forecast For 2015
- 23 Sep 2015 9:00 AM
- business
Economic research institute Századvég has lowered its GDP growth forecast to 3.1% for 2015 from 3.4% forecast in June. The economy was weaker than expected in the second quarter, the think-tank said, adding that the deterioration in the economic outlook is related to one-off factors which do not affect Hungary’s growth potential. Economic output is expected to grow by 2.5% in 2016 compared with ...
Putin May Discuss Sberbank Sale In Hungary
- 17 Feb 2015 8:00 AM
- business
It is possible that a potential purchase of the Hungarian unit of Sberbank by the government will be a subject of today’s talks between Prime Minister Viktor Orbán and Russian President Vladimir Putin, Foreign Affairs and Trade Minister Péter Szijjártó told Napi Gazdaság without elaborating.
Measures On FX Loans Save Hungary HUF 1TR, Says Varga
- 22 Jan 2015 8:00 AM
- business
The government’s measures to shield foreign currency loan-holders have saved Hungary a total of around 1,000 billion forints, the economy minister said. Mihály Varga told public television M1 that since the majority of FX mortgages were denominated in Swiss franc, special attention had been placed on the fluctuation of the currency against the forint.
Number Of Hungarian Businesses Up In 2013
- 17 Jun 2014 9:00 AM
- business
The number of businesses operating in Hungary came close to 1,828,000 in 2013, up almost 22,000 from a year earlier, the Central Statistical Office (KSH) said in a fresh summary.
Creative Industry Boom In Hungary - Startup Companies Appear At Every Corner
- 23 May 2014 9:00 AM
- business
The successors of Ernő Rubik, creator of the Rubik's Cube, require both creativity and perseverance to succeed, a recent publication on Hungarian creativity in the 21st century reveals. Despite the difficulties, startup companies continue to pop up and flourish, and represent a perceivable factor of the Hungarian economy.
Erste Bank To Close Branches
- 7 Jun 2017 8:00 AM
- business
Erste bank has decided following an annual review to close down some of its branches on June 30, it was announced on Friday. The rent contracts for the premises of the affected branches expire in the summer or in the autumn.
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Hungarian Forint Liquidity Of Banking Sector Falls In Sept
- 13 Oct 2015 9:00 AM
- business
Forint liquidity of Hungary’s banking sector fell in September from a month earlier, reflected mainly in the lower average stocks of two-week central bank deposits, the National Bank of Hungary said in a report. The average stock of two-week deposits decreased by 241.8 billion forints to 4,290 billion, the report based on preliminary data shows. The average stock of external assets fell by 350 ...
Schengen Disintegration “Threat To Hungary’s Foreign Trade”
- 25 Sep 2015 9:00 AM
- business
If the Schengen system breaks down due to the migration crisis Hungarian companies could suffer, the foreign minister told a business conference. Péter Szijjártó said temporary border closures are causing major problems due to an increase in shipping times for companies employing just-intime manufacturing. If the Schengen system breaks down completely, lorries will have to queue at borders and ...
Századvég Lowers Hungary’s GDP, Inflation Forecast For 2015
- 23 Sep 2015 9:00 AM
- business
Economic research institute Századvég has lowered its GDP growth forecast to 3.1% for 2015 from 3.4% forecast in June. The economy was weaker than expected in the second quarter, the think-tank said, adding that the deterioration in the economic outlook is related to one-off factors which do not affect Hungary’s growth potential. Economic output is expected to grow by 2.5% in 2016 compared with ...
Putin May Discuss Sberbank Sale In Hungary
- 17 Feb 2015 8:00 AM
- business
It is possible that a potential purchase of the Hungarian unit of Sberbank by the government will be a subject of today’s talks between Prime Minister Viktor Orbán and Russian President Vladimir Putin, Foreign Affairs and Trade Minister Péter Szijjártó told Napi Gazdaság without elaborating.
Measures On FX Loans Save Hungary HUF 1TR, Says Varga
- 22 Jan 2015 8:00 AM
- business
The government’s measures to shield foreign currency loan-holders have saved Hungary a total of around 1,000 billion forints, the economy minister said. Mihály Varga told public television M1 that since the majority of FX mortgages were denominated in Swiss franc, special attention had been placed on the fluctuation of the currency against the forint.
Number Of Hungarian Businesses Up In 2013
- 17 Jun 2014 9:00 AM
- business
The number of businesses operating in Hungary came close to 1,828,000 in 2013, up almost 22,000 from a year earlier, the Central Statistical Office (KSH) said in a fresh summary.
Creative Industry Boom In Hungary - Startup Companies Appear At Every Corner
- 23 May 2014 9:00 AM
- business
The successors of Ernő Rubik, creator of the Rubik's Cube, require both creativity and perseverance to succeed, a recent publication on Hungarian creativity in the 21st century reveals. Despite the difficulties, startup companies continue to pop up and flourish, and represent a perceivable factor of the Hungarian economy.