87 result(s) for procedure in Business
Socialists: Budapest Prosecutor Probing Central Bank Spending
- 20 May 2016 9:00 AM
- business
The Budapest Municipal Prosecutor has started a monitoring procedure at six of the central bank’s foundations, deputy leader of the parliamentary group of the opposition Socialist Party said. Bertalan Tóth said his party had asked the prosecutor to investigate central bank spending as part of a six-point plan published at the end of April.
Hungary’s Tax Collectors To Knock On More Doors
- 16 Feb 2016 2:00 AM
- business
Hungary’s National Tax and Customs Authority (NAV) is stepping up its efforts to collect back taxes, daily Magyar Idők said. NAV will send more of its staff to collect in person than earlier, deputy state secretary for excise tax matters Tamás Molnár told the paper.
Hungarian Porcelain Maker Zsolnay Suspects Skulduggery
- 13 Feb 2016 7:00 AM
- business
Hungarian porcelain maker Zsolnay Porcelánmanufaktúra has reacted angrily to a government decree which declared the company of “elevated strategic importance” as defined by the bankruptcy act. They said the company is neither insolvent nor bankrupt, adding that they traced signs of “an intent for a hostile takeover” in recent weeks.
MasterCard Weighs Appeal Of Hungarian Competition Office Resolution
- 3 Feb 2016 8:00 AM
- business
MasterCard said it disagrees with a Competition Office (GVH) resolution and fine for abusing its market position, and it is considering appealing it. GVH fined MasterCard Europe SA 88 million forints (EUR 282,000), saying MasterCard set its interchange fees - a fee typically paid by the retailer’s bank to the cardholder’s bank every time a bank or credit card is used - in a way that could squeeze ...
Xpat Opinion: Laughable Hungarian Legislation Is Not Funny
- 16 Dec 2015 8:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: The appearance of corruption has long been a problem for this government, but in the first week of December, officials were so blatant in their efforts to circumvent scrutiny that it was almost humorous. In truth, the way these maneuvers destroy trust in our leadership is not very funny.
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 ...
Hungary’s Tax Office To Be Restructured
- 10 Jul 2015 9:00 AM
- business
Planned government changes in the tax system require a new structure, government office chief János Lázár said, adding that this may entail appointing a new management. He said he was offering his “personal opinion” on Economy Minister Mihály Varga’s recent comments—the minister said changes to tax office management were being considered in light of the government’s handling of the US entry ban ...
2016 Tax Changes In Hungary “Simplest Ever”
- 15 May 2015 9:00 AM
- business
The 2016 tax bill just submitted to parliament contains the shortest tax provisions ever and introduces no new taxes, state secretary András Tállai said. New elements of the tax measures include a scheme called “tax loan for growth”, which means that companies that manage to raise their pre-tax profits five-fold in a year can defer their tax payments, thereby gaining resources for further ...
Hungarian Parliament Approves Law On Compensation For Quaestor Victims
- 15 Apr 2015 9:00 AM
- business
Parliament approved a law on setting up a fund to compensate people who suffered losses because of the bankruptcy of brokerage firm Quaestor. In line with the law approved with 185 votes for and 5 against, compensation can be claimed between May 6 and June 5.
Socialists: Budapest Prosecutor Probing Central Bank Spending
- 20 May 2016 9:00 AM
- business
The Budapest Municipal Prosecutor has started a monitoring procedure at six of the central bank’s foundations, deputy leader of the parliamentary group of the opposition Socialist Party said. Bertalan Tóth said his party had asked the prosecutor to investigate central bank spending as part of a six-point plan published at the end of April.
Hungary’s Tax Collectors To Knock On More Doors
- 16 Feb 2016 2:00 AM
- business
Hungary’s National Tax and Customs Authority (NAV) is stepping up its efforts to collect back taxes, daily Magyar Idők said. NAV will send more of its staff to collect in person than earlier, deputy state secretary for excise tax matters Tamás Molnár told the paper.
Hungarian Porcelain Maker Zsolnay Suspects Skulduggery
- 13 Feb 2016 7:00 AM
- business
Hungarian porcelain maker Zsolnay Porcelánmanufaktúra has reacted angrily to a government decree which declared the company of “elevated strategic importance” as defined by the bankruptcy act. They said the company is neither insolvent nor bankrupt, adding that they traced signs of “an intent for a hostile takeover” in recent weeks.
MasterCard Weighs Appeal Of Hungarian Competition Office Resolution
- 3 Feb 2016 8:00 AM
- business
MasterCard said it disagrees with a Competition Office (GVH) resolution and fine for abusing its market position, and it is considering appealing it. GVH fined MasterCard Europe SA 88 million forints (EUR 282,000), saying MasterCard set its interchange fees - a fee typically paid by the retailer’s bank to the cardholder’s bank every time a bank or credit card is used - in a way that could squeeze ...
Xpat Opinion: Laughable Hungarian Legislation Is Not Funny
- 16 Dec 2015 8:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: The appearance of corruption has long been a problem for this government, but in the first week of December, officials were so blatant in their efforts to circumvent scrutiny that it was almost humorous. In truth, the way these maneuvers destroy trust in our leadership is not very funny.
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 ...
Hungary’s Tax Office To Be Restructured
- 10 Jul 2015 9:00 AM
- business
Planned government changes in the tax system require a new structure, government office chief János Lázár said, adding that this may entail appointing a new management. He said he was offering his “personal opinion” on Economy Minister Mihály Varga’s recent comments—the minister said changes to tax office management were being considered in light of the government’s handling of the US entry ban ...
2016 Tax Changes In Hungary “Simplest Ever”
- 15 May 2015 9:00 AM
- business
The 2016 tax bill just submitted to parliament contains the shortest tax provisions ever and introduces no new taxes, state secretary András Tállai said. New elements of the tax measures include a scheme called “tax loan for growth”, which means that companies that manage to raise their pre-tax profits five-fold in a year can defer their tax payments, thereby gaining resources for further ...
Hungarian Parliament Approves Law On Compensation For Quaestor Victims
- 15 Apr 2015 9:00 AM
- business
Parliament approved a law on setting up a fund to compensate people who suffered losses because of the bankruptcy of brokerage firm Quaestor. In line with the law approved with 185 votes for and 5 against, compensation can be claimed between May 6 and June 5.