109 result(s) for public debt in Business
Xpat Opinion: Government Plans Zero Budget Deficit
- 22 Feb 2016 8:00 AM
- business
Centrist, conservative and pro-government columnists welcome the government’s plans to cut the deficit to zero by 2017 and thus reduce public debt.
IMF: Hungarian Economy Performing Well
- 17 Feb 2016 8:00 AM
- business
The Hungarian economy is performing very well and its vulnerability to shocks has declined substantially, although debt levels and financing needs remain high, IMF staff said in a report based on preliminary findings gathered as part of IMF’s regular consultation with Hungarian authorities.
Hungary’s Foreign Minister: Foreign Policy Boosts Economic Competitiveness
- 8 Dec 2015 8:00 AM
- business
Hungary’s foreign policy has an important role in helping the country enforce its economic interests and boost its competitiveness, the foreign minister told parliament’s economic committee. Péter Szijjártó said in a ministerial hearing that Hungary’s economic model has succeeded in boosting economic growth while implementing a disciplined fiscal policy and reducing public debt.
Hungarian Parlt Passes Taxpayer Classification, Red Tape Reduction Laws
- 18 Nov 2015 8:00 AM
- business
Lawmakers approved bills on cutting red tape and classifying taxpayers based on tax compliance risk. The bill put forward by government office chief János Lázár aims to simplify and speed up public administration, scale back the number of steps needed to obtain permits and reduce completion deadlines. Activities no longer requiring permits will include the sale of precious metal jewellery, ...
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 ...
Fitch: Hungary Among Most Likely Sovereigns For Investment Grade Upgrade
- 4 Nov 2015 8:00 AM
- business
Hungary’s “BB+” sovereign credit rating is a single notch below investment grade and its outlook is positive and it is likely to be upgraded to investment category, Fitch Ratings said. Ever since Hungary was downgraded to speculative grade in January 2012, its credit profile has improved considerably, consistent with the current positive outlook, Fitch said.
Hungarian Forint Steady Despite Greek Turbulence
- 7 Jul 2015 5:01 AM
- business
Greek woes may mean some temporary weakness for the Hungarian currency but it is set to firm in the medium term, analysts say after a brief wobble. The forint showed resilience on Monday, trading at 316.06 to the euro late in the day, down from 314.68 on Friday but up from 316.44 late Sunday. It hit an intraday low of 317.12 on Monday.
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 ...
OECD Sees Strong But Slowing Hungarian Economic Growth
- 4 Jun 2015 9:00 AM
- business
The OECD has upgraded its forecasts for Hungarian economic growth for this year to 3% from 2.1%, and to 2.2% from 1.7% for 2016. The Organisation for Economic Co-operation and Development said in its Economic Outlook that exports were expected to grow by 5.7% both this year and in 2016 and the current account surplus of 4.8% this year was likely to rise to 5.1%. Unemployment is expected to ...
Xpat Opinion: Government Plans Zero Budget Deficit
- 22 Feb 2016 8:00 AM
- business
Centrist, conservative and pro-government columnists welcome the government’s plans to cut the deficit to zero by 2017 and thus reduce public debt.
IMF: Hungarian Economy Performing Well
- 17 Feb 2016 8:00 AM
- business
The Hungarian economy is performing very well and its vulnerability to shocks has declined substantially, although debt levels and financing needs remain high, IMF staff said in a report based on preliminary findings gathered as part of IMF’s regular consultation with Hungarian authorities.
Hungary’s Foreign Minister: Foreign Policy Boosts Economic Competitiveness
- 8 Dec 2015 8:00 AM
- business
Hungary’s foreign policy has an important role in helping the country enforce its economic interests and boost its competitiveness, the foreign minister told parliament’s economic committee. Péter Szijjártó said in a ministerial hearing that Hungary’s economic model has succeeded in boosting economic growth while implementing a disciplined fiscal policy and reducing public debt.
Hungarian Parlt Passes Taxpayer Classification, Red Tape Reduction Laws
- 18 Nov 2015 8:00 AM
- business
Lawmakers approved bills on cutting red tape and classifying taxpayers based on tax compliance risk. The bill put forward by government office chief János Lázár aims to simplify and speed up public administration, scale back the number of steps needed to obtain permits and reduce completion deadlines. Activities no longer requiring permits will include the sale of precious metal jewellery, ...
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 ...
Fitch: Hungary Among Most Likely Sovereigns For Investment Grade Upgrade
- 4 Nov 2015 8:00 AM
- business
Hungary’s “BB+” sovereign credit rating is a single notch below investment grade and its outlook is positive and it is likely to be upgraded to investment category, Fitch Ratings said. Ever since Hungary was downgraded to speculative grade in January 2012, its credit profile has improved considerably, consistent with the current positive outlook, Fitch said.
Hungarian Forint Steady Despite Greek Turbulence
- 7 Jul 2015 5:01 AM
- business
Greek woes may mean some temporary weakness for the Hungarian currency but it is set to firm in the medium term, analysts say after a brief wobble. The forint showed resilience on Monday, trading at 316.06 to the euro late in the day, down from 314.68 on Friday but up from 316.44 late Sunday. It hit an intraday low of 317.12 on Monday.
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 ...
OECD Sees Strong But Slowing Hungarian Economic Growth
- 4 Jun 2015 9:00 AM
- business
The OECD has upgraded its forecasts for Hungarian economic growth for this year to 3% from 2.1%, and to 2.2% from 1.7% for 2016. The Organisation for Economic Co-operation and Development said in its Economic Outlook that exports were expected to grow by 5.7% both this year and in 2016 and the current account surplus of 4.8% this year was likely to rise to 5.1%. Unemployment is expected to ...