156 result(s) for changes in Business
Ad Tax Changes Would Hurt Hungarian Consumer Goods Market
- 12 May 2015 9:00 AM
- business
Retailers could be seriously hurt by changes to the advertisement tax, especially in the consumer goods segment, the National Association of Retailers (OKSZ) reported. The consumer goods market is extremely price sensitive and both retailers and suppliers have a vested interest in curbing price rises, the OKSZ said in a statement.
EU Suspends Payment Of USD 2.6 Billion Of Development Funds To Hungary
- 16 Apr 2015 11:50 AM
- business
The European Union is suspending EU transfers to Hungary which are connected to the economic development operative programs. The projects at the source of the program have already been completed and their contractors have been paid. The suspension of funds affects roughly HUF 700 billion (USD 2.6 billion) in EU development funds. Hungary’s government estimates it will have to pay back around 10 ...
Standard & Poor’s Upgrades Hungary’s Junk Credit Rating
- 23 Mar 2015 8:00 AM
- business
Hungary’s junk credit rating has been upgraded by Standard & Poor’s, which cited the country’s improving growth outlook and its better preparedness to handle unexpected crises. Hungary had lost its investment grade credit rating as far back as 2011. S&P said in a statement Friday that it was raising Hungary’s rating from BB to BB+, one step below investment grade, bringing its assessment in line ...
Moody’s Places OTP Ratings Under Review For Upgrade
- 19 Mar 2015 8:00 AM
- business
Moody’s Investors Service has placed the long- and short-term local currency deposit ratings of OTP Bank and OTP Mortgage Bank under review for upgrade because of methodological changes, OTP Bank said, citing a release from the ratings agency on Tuesday.
Justice CTTEE Decides Against Parliamentary Probe Of VAT Fraud
- 11 Mar 2015 8:00 AM
- business
Parliament’s justice committee voted against a proposal by opposition LMP to form an investigative committee to examine VAT fraud over the last eight years. LMP’s co-leader András Schiffer had wanted the investigation to focus on whether personnel changes within the tax authority since 2007 had meant VAT fraud had gone undetected.
Buda-Cash Investigation Should Target Role Of Central Bank
- 10 Mar 2015 8:00 AM
- business
An investigation into the Buda-Cash brokerage scandal should also examine the role of the central bank, former finance minister János Veres said. “Deficient” regulatory oversight by the central bank under the governing Fidesz party and the bank’s governor György Matolcsy had allowed funds of more than 100,000 clients to disappear.
Hungarian Cabinet Needs Ad Tax Revenue – PM Orbán
- 16 Feb 2015 8:00 AM
- business
The cabinet cannot do without revenues from the new advertising tax, Prime Minister Viktor Orbán said in his interview on Kossuth Rádió Friday morning. He described the extent of the tax rate as a technical issue.
Hungarian Advertisers Want Talks On New Tax
- 9 Feb 2015 8:00 AM
- business
The Hungarian Advertisers Association is urgently asking the government to open talks on recent changes to the advertising tax, chairman Zsolt Urbán said.
Hungarian Advertisers Call For Dialogue On Tax
- 5 Feb 2015 8:00 AM
- business
The Hungarian Advertising Association is calling for dialogue with the government about planned changes to the tax on advertisements. The association said that professional dialogue is needed, though its standpoint remains that the tax should be fully withdrawn.
Ad Tax Changes Would Hurt Hungarian Consumer Goods Market
- 12 May 2015 9:00 AM
- business
Retailers could be seriously hurt by changes to the advertisement tax, especially in the consumer goods segment, the National Association of Retailers (OKSZ) reported. The consumer goods market is extremely price sensitive and both retailers and suppliers have a vested interest in curbing price rises, the OKSZ said in a statement.
EU Suspends Payment Of USD 2.6 Billion Of Development Funds To Hungary
- 16 Apr 2015 11:50 AM
- business
The European Union is suspending EU transfers to Hungary which are connected to the economic development operative programs. The projects at the source of the program have already been completed and their contractors have been paid. The suspension of funds affects roughly HUF 700 billion (USD 2.6 billion) in EU development funds. Hungary’s government estimates it will have to pay back around 10 ...
Standard & Poor’s Upgrades Hungary’s Junk Credit Rating
- 23 Mar 2015 8:00 AM
- business
Hungary’s junk credit rating has been upgraded by Standard & Poor’s, which cited the country’s improving growth outlook and its better preparedness to handle unexpected crises. Hungary had lost its investment grade credit rating as far back as 2011. S&P said in a statement Friday that it was raising Hungary’s rating from BB to BB+, one step below investment grade, bringing its assessment in line ...
Moody’s Places OTP Ratings Under Review For Upgrade
- 19 Mar 2015 8:00 AM
- business
Moody’s Investors Service has placed the long- and short-term local currency deposit ratings of OTP Bank and OTP Mortgage Bank under review for upgrade because of methodological changes, OTP Bank said, citing a release from the ratings agency on Tuesday.
Justice CTTEE Decides Against Parliamentary Probe Of VAT Fraud
- 11 Mar 2015 8:00 AM
- business
Parliament’s justice committee voted against a proposal by opposition LMP to form an investigative committee to examine VAT fraud over the last eight years. LMP’s co-leader András Schiffer had wanted the investigation to focus on whether personnel changes within the tax authority since 2007 had meant VAT fraud had gone undetected.
Buda-Cash Investigation Should Target Role Of Central Bank
- 10 Mar 2015 8:00 AM
- business
An investigation into the Buda-Cash brokerage scandal should also examine the role of the central bank, former finance minister János Veres said. “Deficient” regulatory oversight by the central bank under the governing Fidesz party and the bank’s governor György Matolcsy had allowed funds of more than 100,000 clients to disappear.
Hungarian Cabinet Needs Ad Tax Revenue – PM Orbán
- 16 Feb 2015 8:00 AM
- business
The cabinet cannot do without revenues from the new advertising tax, Prime Minister Viktor Orbán said in his interview on Kossuth Rádió Friday morning. He described the extent of the tax rate as a technical issue.
Hungarian Advertisers Want Talks On New Tax
- 9 Feb 2015 8:00 AM
- business
The Hungarian Advertisers Association is urgently asking the government to open talks on recent changes to the advertising tax, chairman Zsolt Urbán said.
Hungarian Advertisers Call For Dialogue On Tax
- 5 Feb 2015 8:00 AM
- business
The Hungarian Advertising Association is calling for dialogue with the government about planned changes to the tax on advertisements. The association said that professional dialogue is needed, though its standpoint remains that the tax should be fully withdrawn.