109 result(s) for law of hungary in Business
Reactions To Quaestor Compensation Law In Hungary
- 18 Nov 2015 8:00 AM
- business
Hungary’s ruling Fidesz party said the Constitutional Court’s decision to axe parts of a law on compensation for investors of failed brokerage Quaestor served the interests of the banking sector, while opposition parties once again called on the government and central bank to take responsibility for the scandal. Tuesday’s Constitutional Court ruling concerns the law governing a top-up fund which ...
NBH Governor: Hungary Sees Price, Financial Stability Since 2013
- 5 Nov 2015 8:00 AM
- business
Hungary has enjoyed price and financial stability since 2013, when changes got under way at the central bank, the bank’s governor, György Matolcsy, said. Addressing lawmakers in parliament in a debate of the bank’s 2012, 2013 and 2014 business reports, Matolcsy said the bank’s new leadership in place since March 2013 had returned to a “responsible, conservative, but creatively functioning” path ...
Hungarian Competition Office Approves Andy Vajna’s Acquisition Of TV2
- 2 Nov 2015 8:00 AM
- business
The competition office GVH has approved Magyar Broadcasting Co’s acquisition of direct sole control over commercial television channel TV2 and CEE Broadcasting Ltd, GVH told MTI. Magyar Broadcasting Co. is owned by the government’s film industry commissioner, producer Andy Vajna.Magyar Broadcasting Co submitted a request to GVH on October 16 to clear the acquisition of companies operating ...
Budget May Be Amended To Reflect Hungary’s Cost Of Migration Measures
- 15 Sep 2015 9:00 AM
- business
If the migration crisis is sustained it may be necessary to amend the budget, though for the time being measures can be paid for by making internal budget transfers, the economy minister said. Mihály Varga told public service news website hirado. hu that the government had spent almost 30 billion forints (EUR 96m) on fortifying the Serbian-Hungarian border. In addition are extra costs related to ...
Lazar: Euratom Clears Paks Upgrade Contracts
- 11 Sep 2015 11:02 AM
- business
The Euratom Supply Agency has reviewed contracts for the Paks nuclear reactor development project and determined they are fully in line with the EU legal framework, government office chief Janos Lazar said on Thursday. Euratom informed the government on September 7 that the contracts for the Paks development comply with all technical, energy policy and environmental protection requirements, Lazar ...
OLAF Confirms Inquiry Into Hungarian Company Elios
- 22 Jul 2015 9:00 AM
- business
The European Anti-Fraud Office (OLAF) yesterday confirmed that it has started an official inquiry into EU-financed public procurement contracts awarded to a company until recently owned in part by Prime Minister Viktor Orbán’s son-in-law István Tiborcz.
Lawmakers Pass Hungary’s 2016 Budget
- 24 Jun 2015 9:00 AM
- business
Lawmakers approved Hungary’s 2016 budget in a final vote months ahead of the legal deadline, with 119 votes in favour and 63 against. The Budget Act calculates with a budget deficit of 2% of gross domestic product (GDP) based on EU accounting rules and public debt of 73.3% of GDP. The budget targets total revenue of 15,800 billion forints (EUR 50.7bn), total expenditures of 16,561 billion forints ...
Budget Chapters In Hungary Set For 2016
- 14 May 2015 9:00 AM
- business
The defence budget will be just below 300 billion forints, up 50 billion forints from 2015. The ministry of defence will contribute 4 billion forints to NATO’s budget and 2.29 billion forints to NATO’s Security Investment Programme. The interior ministry, which includes law enforcement, will have its budget raised from 483.7 billion forints this year to 504.7 billion in 2016. The budget of local ...
Hungary Near Top On The “Corrupt Countries” List
- 9 Apr 2015 9:00 AM
- business
There are a variety of signs, some screaming to be notices, others barely visible that signal corruption could be present in a public procurement. Hungary came out near the top of a sample of countries that were showing signs of corruption, István János Tóth, co-founder and director of Corruption Research Center, Budapest (CRCB), tells business website portfolio.hu.
Reactions To Quaestor Compensation Law In Hungary
- 18 Nov 2015 8:00 AM
- business
Hungary’s ruling Fidesz party said the Constitutional Court’s decision to axe parts of a law on compensation for investors of failed brokerage Quaestor served the interests of the banking sector, while opposition parties once again called on the government and central bank to take responsibility for the scandal. Tuesday’s Constitutional Court ruling concerns the law governing a top-up fund which ...
NBH Governor: Hungary Sees Price, Financial Stability Since 2013
- 5 Nov 2015 8:00 AM
- business
Hungary has enjoyed price and financial stability since 2013, when changes got under way at the central bank, the bank’s governor, György Matolcsy, said. Addressing lawmakers in parliament in a debate of the bank’s 2012, 2013 and 2014 business reports, Matolcsy said the bank’s new leadership in place since March 2013 had returned to a “responsible, conservative, but creatively functioning” path ...
Hungarian Competition Office Approves Andy Vajna’s Acquisition Of TV2
- 2 Nov 2015 8:00 AM
- business
The competition office GVH has approved Magyar Broadcasting Co’s acquisition of direct sole control over commercial television channel TV2 and CEE Broadcasting Ltd, GVH told MTI. Magyar Broadcasting Co. is owned by the government’s film industry commissioner, producer Andy Vajna.Magyar Broadcasting Co submitted a request to GVH on October 16 to clear the acquisition of companies operating ...
Budget May Be Amended To Reflect Hungary’s Cost Of Migration Measures
- 15 Sep 2015 9:00 AM
- business
If the migration crisis is sustained it may be necessary to amend the budget, though for the time being measures can be paid for by making internal budget transfers, the economy minister said. Mihály Varga told public service news website hirado. hu that the government had spent almost 30 billion forints (EUR 96m) on fortifying the Serbian-Hungarian border. In addition are extra costs related to ...
Lazar: Euratom Clears Paks Upgrade Contracts
- 11 Sep 2015 11:02 AM
- business
The Euratom Supply Agency has reviewed contracts for the Paks nuclear reactor development project and determined they are fully in line with the EU legal framework, government office chief Janos Lazar said on Thursday. Euratom informed the government on September 7 that the contracts for the Paks development comply with all technical, energy policy and environmental protection requirements, Lazar ...
OLAF Confirms Inquiry Into Hungarian Company Elios
- 22 Jul 2015 9:00 AM
- business
The European Anti-Fraud Office (OLAF) yesterday confirmed that it has started an official inquiry into EU-financed public procurement contracts awarded to a company until recently owned in part by Prime Minister Viktor Orbán’s son-in-law István Tiborcz.
Lawmakers Pass Hungary’s 2016 Budget
- 24 Jun 2015 9:00 AM
- business
Lawmakers approved Hungary’s 2016 budget in a final vote months ahead of the legal deadline, with 119 votes in favour and 63 against. The Budget Act calculates with a budget deficit of 2% of gross domestic product (GDP) based on EU accounting rules and public debt of 73.3% of GDP. The budget targets total revenue of 15,800 billion forints (EUR 50.7bn), total expenditures of 16,561 billion forints ...
Budget Chapters In Hungary Set For 2016
- 14 May 2015 9:00 AM
- business
The defence budget will be just below 300 billion forints, up 50 billion forints from 2015. The ministry of defence will contribute 4 billion forints to NATO’s budget and 2.29 billion forints to NATO’s Security Investment Programme. The interior ministry, which includes law enforcement, will have its budget raised from 483.7 billion forints this year to 504.7 billion in 2016. The budget of local ...
Hungary Near Top On The “Corrupt Countries” List
- 9 Apr 2015 9:00 AM
- business
There are a variety of signs, some screaming to be notices, others barely visible that signal corruption could be present in a public procurement. Hungary came out near the top of a sample of countries that were showing signs of corruption, István János Tóth, co-founder and director of Corruption Research Center, Budapest (CRCB), tells business website portfolio.hu.