78 result(s) for brussels in Business
EC Resumes Development Funding Payments To Hungary
- 28 Sep 2015 9:00 AM
- business
The European Commission has lifted a ban on the disbursement of European Union economic development funding to Hungary, daily Magyar Idők reported. With a resolution dated September 23, the Brussels commission closed a probe affecting funding worth about 700 billion forints (EUR 2.24bn), the paper said on Saturday.
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 ...
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 ...
Xpat Opinion: Hungarian Media Scene Is Still In Flux
- 6 Aug 2015 8:58 AM
- business
Although the Hungarian government’s only concern of late seems to be how to keep asylum seekers out of the country, I don’t want to succumb to the same tunnel vision. And so today I’m turning to the state of the Hungarian media. So-called public (közszolgálati) television and radio are by now mere mouthpieces of government propaganda. Magyar Rádió is still, by default, the station that most ...
Hungarian Govt “Ready To Face” EC Probes
- 17 Jul 2015 9:00 AM
- business
The government is ready to face European Commission probes into Hungary’s supermarket oversight fee and health-care contribution payable by tobacco companies, government office chief János Lázár said. He insisted that the Spar supermarket chain and tobacco maker Philip Morris had filed complaints against Hungary in Brussels, and the government is ready to “argue its case”.
Hungary Rejects EC Economic Policy Advice
- 29 Jun 2015 9:00 AM
- business
Hungary cannot accept two of the European Commission’s country-specific economic policy recommendations, Prime Minister Viktor Orbán said. One of these are the comments on its fostered work programme and the other is in connection with planned budget adjustments, Orbán said after an EU summit in Brussels. The European Council has declared the recommendations “generally acceptable”, which means ...
Hungary’s Ad Tax Exemption Threshold Still Too High For Brussels
- 19 May 2015 9:00 AM
- business
The European Commission believes the proposed 100 million forints (EUR 325,000) exemption threshold for the advertising tax is still too high. The government is in talks with Brussels on the matter, Economy Minister Mihály Varga told commercial television ATV. The government has proposed making the ad tax rate a flat 5.3%, but allowing an exemption on a tax base up to 100 million forints.
PM Orbán Addresses German-Hungarian Chamber Of Commerce
- 8 May 2015 9:00 AM
- business
Prime Minister Viktor Orbán, addressing the German-Hungarian chamber of commerce and industry, said that although not every aspect of Hungarian economic policy is favourable to every German company operating in the country, the economic environment is generally positive for foreign investors. “Contrary to the opposing view, Hungarian governance is genuinely predictable when it comes to the ...
RTL Group Books Euro 77m Impairment On Hungary Unit
- 6 Mar 2015 8:00 AM
- business
RTL Group recorded 77 million euros of goodwill impairment at its Hungarian unit last year in an earnings report on the back of the “punitive” ad tax that came into effect in August 2014. RTL Hungary had negative EBITDA of 1 million euros last year, compared with a positive 15 million in 2013.
EC Resumes Development Funding Payments To Hungary
- 28 Sep 2015 9:00 AM
- business
The European Commission has lifted a ban on the disbursement of European Union economic development funding to Hungary, daily Magyar Idők reported. With a resolution dated September 23, the Brussels commission closed a probe affecting funding worth about 700 billion forints (EUR 2.24bn), the paper said on Saturday.
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 ...
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 ...
Xpat Opinion: Hungarian Media Scene Is Still In Flux
- 6 Aug 2015 8:58 AM
- business
Although the Hungarian government’s only concern of late seems to be how to keep asylum seekers out of the country, I don’t want to succumb to the same tunnel vision. And so today I’m turning to the state of the Hungarian media. So-called public (közszolgálati) television and radio are by now mere mouthpieces of government propaganda. Magyar Rádió is still, by default, the station that most ...
Hungarian Govt “Ready To Face” EC Probes
- 17 Jul 2015 9:00 AM
- business
The government is ready to face European Commission probes into Hungary’s supermarket oversight fee and health-care contribution payable by tobacco companies, government office chief János Lázár said. He insisted that the Spar supermarket chain and tobacco maker Philip Morris had filed complaints against Hungary in Brussels, and the government is ready to “argue its case”.
Hungary Rejects EC Economic Policy Advice
- 29 Jun 2015 9:00 AM
- business
Hungary cannot accept two of the European Commission’s country-specific economic policy recommendations, Prime Minister Viktor Orbán said. One of these are the comments on its fostered work programme and the other is in connection with planned budget adjustments, Orbán said after an EU summit in Brussels. The European Council has declared the recommendations “generally acceptable”, which means ...
Hungary’s Ad Tax Exemption Threshold Still Too High For Brussels
- 19 May 2015 9:00 AM
- business
The European Commission believes the proposed 100 million forints (EUR 325,000) exemption threshold for the advertising tax is still too high. The government is in talks with Brussels on the matter, Economy Minister Mihály Varga told commercial television ATV. The government has proposed making the ad tax rate a flat 5.3%, but allowing an exemption on a tax base up to 100 million forints.
PM Orbán Addresses German-Hungarian Chamber Of Commerce
- 8 May 2015 9:00 AM
- business
Prime Minister Viktor Orbán, addressing the German-Hungarian chamber of commerce and industry, said that although not every aspect of Hungarian economic policy is favourable to every German company operating in the country, the economic environment is generally positive for foreign investors. “Contrary to the opposing view, Hungarian governance is genuinely predictable when it comes to the ...
RTL Group Books Euro 77m Impairment On Hungary Unit
- 6 Mar 2015 8:00 AM
- business
RTL Group recorded 77 million euros of goodwill impairment at its Hungarian unit last year in an earnings report on the back of the “punitive” ad tax that came into effect in August 2014. RTL Hungary had negative EBITDA of 1 million euros last year, compared with a positive 15 million in 2013.