38 result(s) for procedure against hungary in Business
Govt Plans Major Easing In 2017 Budget Bill
- 7 Jun 2016 9:00 AM
- business
The 2.4% ESA deficit targeted by the government in the 2017 budget bill amounts to a considerable easing compared with the falling deficit trend set in Hungary’s 2015 convergence plan or expected in the NBH’s March Inflation Report, the National Bank of Hungary (NBH) said in its Budget Report.
Zsolnay Under Threat Of Liquidation
- 31 May 2016 9:00 AM
- business
The state-owned Hungarian Development Bank (MFB) will initiate a liquidation procedure against renowned porcelain maker Zsolnay if it fails to comply with the repayment schedule on a 413 million forint (EUR 1.3m) loan that matured last August, daily Népszabadság said on Monday.
EC Steps Up Infringement Procedure Over Farmland Sale Restrictions
- 27 May 2016 9:00 AM
- business
The European Commission said it stepped up an infringement procedure against Hungary for restrictions on farmland. “Hungary has a very restrictive system which imposes a complete ban on the acquisition of land by legal entities and an obligation on the buyer to farm the land himself,” the commission said.
Hungary’s Tax Collectors To Knock On More Doors
- 16 Feb 2016 2:00 AM
- business
Hungary’s National Tax and Customs Authority (NAV) is stepping up its efforts to collect back taxes, daily Magyar Idők said. NAV will send more of its staff to collect in person than earlier, deputy state secretary for excise tax matters Tamás Molnár told the paper.
MasterCard Weighs Appeal Of Hungarian Competition Office Resolution
- 3 Feb 2016 8:00 AM
- business
MasterCard said it disagrees with a Competition Office (GVH) resolution and fine for abusing its market position, and it is considering appealing it. GVH fined MasterCard Europe SA 88 million forints (EUR 282,000), saying MasterCard set its interchange fees - a fee typically paid by the retailer’s bank to the cardholder’s bank every time a bank or credit card is used - in a way that could squeeze ...
Xpat Opinion: Laughable Hungarian Legislation Is Not Funny
- 16 Dec 2015 8:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: The appearance of corruption has long been a problem for this government, but in the first week of December, officials were so blatant in their efforts to circumvent scrutiny that it was almost humorous. In truth, the way these maneuvers destroy trust in our leadership is not very funny.
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 ...
2016 Tax Changes In Hungary “Simplest Ever”
- 15 May 2015 9:00 AM
- business
The 2016 tax bill just submitted to parliament contains the shortest tax provisions ever and introduces no new taxes, state secretary András Tállai said. New elements of the tax measures include a scheme called “tax loan for growth”, which means that companies that manage to raise their pre-tax profits five-fold in a year can defer their tax payments, thereby gaining resources for further ...
Hungarian Parliament Approves Law On Compensation For Quaestor Victims
- 15 Apr 2015 9:00 AM
- business
Parliament approved a law on setting up a fund to compensate people who suffered losses because of the bankruptcy of brokerage firm Quaestor. In line with the law approved with 185 votes for and 5 against, compensation can be claimed between May 6 and June 5.
Govt Plans Major Easing In 2017 Budget Bill
- 7 Jun 2016 9:00 AM
- business
The 2.4% ESA deficit targeted by the government in the 2017 budget bill amounts to a considerable easing compared with the falling deficit trend set in Hungary’s 2015 convergence plan or expected in the NBH’s March Inflation Report, the National Bank of Hungary (NBH) said in its Budget Report.
Zsolnay Under Threat Of Liquidation
- 31 May 2016 9:00 AM
- business
The state-owned Hungarian Development Bank (MFB) will initiate a liquidation procedure against renowned porcelain maker Zsolnay if it fails to comply with the repayment schedule on a 413 million forint (EUR 1.3m) loan that matured last August, daily Népszabadság said on Monday.
EC Steps Up Infringement Procedure Over Farmland Sale Restrictions
- 27 May 2016 9:00 AM
- business
The European Commission said it stepped up an infringement procedure against Hungary for restrictions on farmland. “Hungary has a very restrictive system which imposes a complete ban on the acquisition of land by legal entities and an obligation on the buyer to farm the land himself,” the commission said.
Hungary’s Tax Collectors To Knock On More Doors
- 16 Feb 2016 2:00 AM
- business
Hungary’s National Tax and Customs Authority (NAV) is stepping up its efforts to collect back taxes, daily Magyar Idők said. NAV will send more of its staff to collect in person than earlier, deputy state secretary for excise tax matters Tamás Molnár told the paper.
MasterCard Weighs Appeal Of Hungarian Competition Office Resolution
- 3 Feb 2016 8:00 AM
- business
MasterCard said it disagrees with a Competition Office (GVH) resolution and fine for abusing its market position, and it is considering appealing it. GVH fined MasterCard Europe SA 88 million forints (EUR 282,000), saying MasterCard set its interchange fees - a fee typically paid by the retailer’s bank to the cardholder’s bank every time a bank or credit card is used - in a way that could squeeze ...
Xpat Opinion: Laughable Hungarian Legislation Is Not Funny
- 16 Dec 2015 8:00 AM
- business
By Tom Popper, Managing Editor, Budapest Business Journal: The appearance of corruption has long been a problem for this government, but in the first week of December, officials were so blatant in their efforts to circumvent scrutiny that it was almost humorous. In truth, the way these maneuvers destroy trust in our leadership is not very funny.
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 ...
2016 Tax Changes In Hungary “Simplest Ever”
- 15 May 2015 9:00 AM
- business
The 2016 tax bill just submitted to parliament contains the shortest tax provisions ever and introduces no new taxes, state secretary András Tállai said. New elements of the tax measures include a scheme called “tax loan for growth”, which means that companies that manage to raise their pre-tax profits five-fold in a year can defer their tax payments, thereby gaining resources for further ...
Hungarian Parliament Approves Law On Compensation For Quaestor Victims
- 15 Apr 2015 9:00 AM
- business
Parliament approved a law on setting up a fund to compensate people who suffered losses because of the bankruptcy of brokerage firm Quaestor. In line with the law approved with 185 votes for and 5 against, compensation can be claimed between May 6 and June 5.