281 result(s) for cut in Business
Employment Data Continued To Improve In Hungary
- 27 Oct 2017 8:50 AM
- business
Thanks to favourable economic trends and supportive Government measures, the number of people in employment has hit a new record high of 4 million 451 thousand, Minister for National Economy Mihály Varga said, commenting on data released by the Hungarian Central Statistical Office (KSH). Since the Government came to office in 2010, 741 thousand more people have landed a job, of which 560 thousand ...
Local Opinion: Forint Becoming A Favoured Carry Trade Currency
- 19 Oct 2017 8:52 AM
- business
The leading online economic news outlet points out that as a result of a long series of interest rate cuts by the Hungarian National Bank, the Forint has become a popular carry trade currency.
Govt To Cut Payroll Tax 2.5 Pps Next Year
- 22 Sep 2017 8:48 AM
- business
Hungary’s government plans to cut the payroll tax by 2.5 percentage points next year rather than by 2pps in reaction to fast wage growth, Economy Minister Mihály Varga said. Varga noted that the government had agreed with employers and unions late last year to reduce the payroll tax by a further 2 percentage points in 2018 but would widen the cut to 2.5 percentage points if gross wage growth ...
Student Loan Becomes Interest Free
- 20 Sep 2017 9:04 AM
- business
The government abolished interest payments on the so-called student loan No 2, the tuition fee student loan, state secretary of the Human Resources Ministry Katalin Novák announced on Tuesday. This also effects the loans which had already been taken up, she added.
Employers Evade Minimum Wage Laws
- 22 Jun 2017 8:14 AM
- business
Employers faced with rising wage costs have found a way to circumvent legal obligations by employing more part-time people, Világgazdaság writes.
Economic Research Institute Raises GDP Growth Forecast To 3.8 Pc For 2017, 2018
- 20 Jun 2017 11:00 AM
- business
Economic research institute Századvég raised its projections for GDP growth in Hungary to 3.8 percent for both this year and 2018 in a fresh forecast released on Monday. The projections for 2017 and 2018 were raised from 3.6 percent and 3.4 percent, respectively, in a forecast released by the think-tank in March. Századvég said the growth rate for both years would be lifted by consumption and ...
EU Laser Research Centre Inaugurated In Szeged
- 24 May 2017 8:00 AM
- business
The ELI Attosecond laser research centre was inaugurated in Szeged, in southern Hungary. Speaking at the opening ceremony, Prime Minister Viktor Orbán said the centre was the largest scientific investment in Hungary in modern history.
Is Demand For Hungarian Workers Abroad Likely To Futher Increase?
- 23 May 2017 8:30 AM
- business
Demand for Hungarian workers abroad is likely to futher increase and it is therefore important to continue wage increases in Hungary in order to prevent the emigration of workers, the head of the chamber of industry and commerce said in Friday’s daily Magyar Idők. László Parragh said wages for skilled workers should be increased by around 20 percent and the government should further cut taxes.
EBRD Lifts Hungary Growth Forecast
- 11 May 2017 9:00 AM
- business
The European Bank for Reconstruction and Development (EBRD) forecasts Hungarian economic growth of an annual 3% in 2017 and 2018, the organisation said in its latest Regional Economic Prospects report. The EBRD raised its GDP growth forecast for 2017 from 2.4%.
Employment Data Continued To Improve In Hungary
- 27 Oct 2017 8:50 AM
- business
Thanks to favourable economic trends and supportive Government measures, the number of people in employment has hit a new record high of 4 million 451 thousand, Minister for National Economy Mihály Varga said, commenting on data released by the Hungarian Central Statistical Office (KSH). Since the Government came to office in 2010, 741 thousand more people have landed a job, of which 560 thousand ...
Local Opinion: Forint Becoming A Favoured Carry Trade Currency
- 19 Oct 2017 8:52 AM
- business
The leading online economic news outlet points out that as a result of a long series of interest rate cuts by the Hungarian National Bank, the Forint has become a popular carry trade currency.
Govt To Cut Payroll Tax 2.5 Pps Next Year
- 22 Sep 2017 8:48 AM
- business
Hungary’s government plans to cut the payroll tax by 2.5 percentage points next year rather than by 2pps in reaction to fast wage growth, Economy Minister Mihály Varga said. Varga noted that the government had agreed with employers and unions late last year to reduce the payroll tax by a further 2 percentage points in 2018 but would widen the cut to 2.5 percentage points if gross wage growth ...
Student Loan Becomes Interest Free
- 20 Sep 2017 9:04 AM
- business
The government abolished interest payments on the so-called student loan No 2, the tuition fee student loan, state secretary of the Human Resources Ministry Katalin Novák announced on Tuesday. This also effects the loans which had already been taken up, she added.
Employers Evade Minimum Wage Laws
- 22 Jun 2017 8:14 AM
- business
Employers faced with rising wage costs have found a way to circumvent legal obligations by employing more part-time people, Világgazdaság writes.
Economic Research Institute Raises GDP Growth Forecast To 3.8 Pc For 2017, 2018
- 20 Jun 2017 11:00 AM
- business
Economic research institute Századvég raised its projections for GDP growth in Hungary to 3.8 percent for both this year and 2018 in a fresh forecast released on Monday. The projections for 2017 and 2018 were raised from 3.6 percent and 3.4 percent, respectively, in a forecast released by the think-tank in March. Századvég said the growth rate for both years would be lifted by consumption and ...
EU Laser Research Centre Inaugurated In Szeged
- 24 May 2017 8:00 AM
- business
The ELI Attosecond laser research centre was inaugurated in Szeged, in southern Hungary. Speaking at the opening ceremony, Prime Minister Viktor Orbán said the centre was the largest scientific investment in Hungary in modern history.
Is Demand For Hungarian Workers Abroad Likely To Futher Increase?
- 23 May 2017 8:30 AM
- business
Demand for Hungarian workers abroad is likely to futher increase and it is therefore important to continue wage increases in Hungary in order to prevent the emigration of workers, the head of the chamber of industry and commerce said in Friday’s daily Magyar Idők. László Parragh said wages for skilled workers should be increased by around 20 percent and the government should further cut taxes.
EBRD Lifts Hungary Growth Forecast
- 11 May 2017 9:00 AM
- business
The European Bank for Reconstruction and Development (EBRD) forecasts Hungarian economic growth of an annual 3% in 2017 and 2018, the organisation said in its latest Regional Economic Prospects report. The EBRD raised its GDP growth forecast for 2017 from 2.4%.