94 result(s) for security in Business
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Hungary Not At Risk, Says EBRD
- 21 Dec 2015 8:00 AM
- business
The European Bank for Reconstruction and Development has said that there is no risk in connection with Hungary as far as the bank is concerned, the daily Magyar Hírlap said. The bank has so far invested 2.7 billion euros in 170 projects in the country, Antal Nikoletti, member of the board representing Hungary at the London-based credit institution, noted. EBRD investments in Hungary are expected ...
Hungary Introduces New 20.000 Forint Banknotes
- 17 Dec 2015 10:55 AM
- business
This Wednesday the National Bank of Hungary (MNB) released its new 20.000-forint banknotes. The change was previously announced in a decree published in late September in the Hungarian Official Journal. The colour of the banknote has changed a bit, turning into greenish-blue in the middle. Furthermore, the banknote has become protected by special fibers and safety threads.
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 ...
Hungarian Business Leaders Continue To Press For Country Strategy
- 20 Oct 2015 9:00 AM
- business
The Hungarian European Business Council (HEBC), a body of business leaders established by the European Round Table of Industrialists, continued to press for the creation of a tangible country strategy in an annual report released on Monday. The Council said such a strategy was necessary to make Hungary’s competitiveness sustainable.
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 ...
Budapest Bank Cards Hacked
- 13 Aug 2015 3:40 AM
- business
Unknown criminals have gained access to the security settings of bankcards issued by state-owned Budapest Bank and have taken money from the accounts of its clients using ATMs abroad, Napi Gazdaság has learnt from victims. One Budapest Bank client received five or six text messages within minutes, each of them stating that Ft 50,000-60,000 had been withdrawn from his account at an ATM in Bali, ...
House Speaker: Hungary’s Economic Recovery Harms Certain Foreign Interests
- 19 May 2015 9:00 AM
- business
Hungary’s interest representation capability in many respects is worse than at any time in the past 25 years because it chose a road to economic recovery which has harmed foreign interests, Speaker of Parliament László Kövér told public radio. In an interview to Kossuth Radio, Kövér said the first Fidesz government in the period 1998-2002 was able to represent the country’s interests with the ...
Budget Chapters In Hungary Set For 2016
- 14 May 2015 9:00 AM
- business
The defence budget will be just below 300 billion forints, up 50 billion forints from 2015. The ministry of defence will contribute 4 billion forints to NATO’s budget and 2.29 billion forints to NATO’s Security Investment Programme. The interior ministry, which includes law enforcement, will have its budget raised from 483.7 billion forints this year to 504.7 billion in 2016. The budget of local ...
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Hungary Not At Risk, Says EBRD
- 21 Dec 2015 8:00 AM
- business
The European Bank for Reconstruction and Development has said that there is no risk in connection with Hungary as far as the bank is concerned, the daily Magyar Hírlap said. The bank has so far invested 2.7 billion euros in 170 projects in the country, Antal Nikoletti, member of the board representing Hungary at the London-based credit institution, noted. EBRD investments in Hungary are expected ...
Hungary Introduces New 20.000 Forint Banknotes
- 17 Dec 2015 10:55 AM
- business
This Wednesday the National Bank of Hungary (MNB) released its new 20.000-forint banknotes. The change was previously announced in a decree published in late September in the Hungarian Official Journal. The colour of the banknote has changed a bit, turning into greenish-blue in the middle. Furthermore, the banknote has become protected by special fibers and safety threads.
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 ...
Hungarian Business Leaders Continue To Press For Country Strategy
- 20 Oct 2015 9:00 AM
- business
The Hungarian European Business Council (HEBC), a body of business leaders established by the European Round Table of Industrialists, continued to press for the creation of a tangible country strategy in an annual report released on Monday. The Council said such a strategy was necessary to make Hungary’s competitiveness sustainable.
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 ...
Budapest Bank Cards Hacked
- 13 Aug 2015 3:40 AM
- business
Unknown criminals have gained access to the security settings of bankcards issued by state-owned Budapest Bank and have taken money from the accounts of its clients using ATMs abroad, Napi Gazdaság has learnt from victims. One Budapest Bank client received five or six text messages within minutes, each of them stating that Ft 50,000-60,000 had been withdrawn from his account at an ATM in Bali, ...
House Speaker: Hungary’s Economic Recovery Harms Certain Foreign Interests
- 19 May 2015 9:00 AM
- business
Hungary’s interest representation capability in many respects is worse than at any time in the past 25 years because it chose a road to economic recovery which has harmed foreign interests, Speaker of Parliament László Kövér told public radio. In an interview to Kossuth Radio, Kövér said the first Fidesz government in the period 1998-2002 was able to represent the country’s interests with the ...
Budget Chapters In Hungary Set For 2016
- 14 May 2015 9:00 AM
- business
The defence budget will be just below 300 billion forints, up 50 billion forints from 2015. The ministry of defence will contribute 4 billion forints to NATO’s budget and 2.29 billion forints to NATO’s Security Investment Programme. The interior ministry, which includes law enforcement, will have its budget raised from 483.7 billion forints this year to 504.7 billion in 2016. The budget of local ...