291 result(s) for budget in Business
Nearly 1,000 EU - Financed Development Projects Delayed
- 4 Nov 2015 3:00 AM
- business
A total of 962 development projects co-financed by the European Union are currently delayed, business daily Világgazdaság reported. Citing cabinet office information, the paper said that at the end of the third quarter the state sector and local councils were 150 billion forints (EUR 480m) behind schedule in taking up EU monies.
Hungarian Economy Minister: CEE Potential Growth Engine In EU
- 2 Nov 2015 4:00 AM
- business
Central Europe could be the growth engine of the European Union in its connection with Germany, Hungary’s economy minister told a conference. Addressing the Osteuropaverein der deutschen Wirtschaft, the German foreign trade association, Mihály Varga noted that Hungary had reached the end of a period of economic consolidation and its performance at the start of 2015 was now at the same level as ...
Hungary’s M1 Channel Costs HUF 4.3bn This Year
- 1 Oct 2015 9:00 AM
- business
The maintenance of state-run all news channel M1, launched in March, is costing state media manager MTVA Ft 4.3 billion this year, Népszabadság reports. The new sports channel M4, launched in July, is costing Ft 5.4 billion. Due to the rising costs, the government will assume Ft 47.2 billion of debts from state media. MTVA’s budget for this year is Ft 80 billion.
Suspended EU Payments For Hungary Restarted
- 29 Sep 2015 4:30 AM
- business
Payments have been restarted in the first three priorities of the Economic Development Operational Programme (GOP) after the European Commission stopped the suspension of payments following a five-month dispute, deputy state secretary at the prime minister’s office Nándor Csepreghy told a press conference. Fully 210 billion forints (EUR 670m) of development funding will be transferred to Hungary ...
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.
Standard & Poor’s Affirmed Hungary’s Credit Rating
- 22 Sep 2015 9:01 AM
- business
The agency maintained the country’s rating with stable outlook. In the analysis accompanying the decision, S&P stressed that that Hungarian labour force was well educated and competitive, and the export structure was balanced. Improving domestic consumption, declining unemployment, the utilization of EU funds and the central bank’s lending programme have also driven economic growth.
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 ...
Chamber Head Warns Of Migration Crisis Effects On Hungarian Businesses
- 9 Sep 2015 3:30 AM
- business
The negative economic impact of the current migration crisis is likely to be felt by a significant number of Hungarian businesses, the head of the Hungarian Chamber of Trade and Industry (MKIK) said. The migration crisis could result in instability, with a knock-on impact on domestic consumption and investments, László Parragh told a conference on small and medium-sized firms hosted by MKIK.
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 ...
Nearly 1,000 EU - Financed Development Projects Delayed
- 4 Nov 2015 3:00 AM
- business
A total of 962 development projects co-financed by the European Union are currently delayed, business daily Világgazdaság reported. Citing cabinet office information, the paper said that at the end of the third quarter the state sector and local councils were 150 billion forints (EUR 480m) behind schedule in taking up EU monies.
Hungarian Economy Minister: CEE Potential Growth Engine In EU
- 2 Nov 2015 4:00 AM
- business
Central Europe could be the growth engine of the European Union in its connection with Germany, Hungary’s economy minister told a conference. Addressing the Osteuropaverein der deutschen Wirtschaft, the German foreign trade association, Mihály Varga noted that Hungary had reached the end of a period of economic consolidation and its performance at the start of 2015 was now at the same level as ...
Hungary’s M1 Channel Costs HUF 4.3bn This Year
- 1 Oct 2015 9:00 AM
- business
The maintenance of state-run all news channel M1, launched in March, is costing state media manager MTVA Ft 4.3 billion this year, Népszabadság reports. The new sports channel M4, launched in July, is costing Ft 5.4 billion. Due to the rising costs, the government will assume Ft 47.2 billion of debts from state media. MTVA’s budget for this year is Ft 80 billion.
Suspended EU Payments For Hungary Restarted
- 29 Sep 2015 4:30 AM
- business
Payments have been restarted in the first three priorities of the Economic Development Operational Programme (GOP) after the European Commission stopped the suspension of payments following a five-month dispute, deputy state secretary at the prime minister’s office Nándor Csepreghy told a press conference. Fully 210 billion forints (EUR 670m) of development funding will be transferred to Hungary ...
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.
Standard & Poor’s Affirmed Hungary’s Credit Rating
- 22 Sep 2015 9:01 AM
- business
The agency maintained the country’s rating with stable outlook. In the analysis accompanying the decision, S&P stressed that that Hungarian labour force was well educated and competitive, and the export structure was balanced. Improving domestic consumption, declining unemployment, the utilization of EU funds and the central bank’s lending programme have also driven economic growth.
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 ...
Chamber Head Warns Of Migration Crisis Effects On Hungarian Businesses
- 9 Sep 2015 3:30 AM
- business
The negative economic impact of the current migration crisis is likely to be felt by a significant number of Hungarian businesses, the head of the Hungarian Chamber of Trade and Industry (MKIK) said. The migration crisis could result in instability, with a knock-on impact on domestic consumption and investments, László Parragh told a conference on small and medium-sized firms hosted by MKIK.
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 ...