Govt approves measures and HUF 2 bln to boost retail investment in government securities

Hungary's government has approved a set of measures aimed at boosting the purchase of government securities by private individuals, rechanneling HUF 1.96 billion in additional funding to the State Treasury for this purpose.
EconomyFriday, 14:55 April 6., 2012 Read more

Gov't to reallocate budget resources to fund new tenders for wage compensation

The government projects to spend a total of HUF 130 billion from the central budget on wage compensation.
EconomyFriday, 19:00 February 24., 2012 Read more

Draft decree would cut number of students on full scholarship, offer half scholarships - paper

A draft decree to be discussed at a cabinet meeting on Wednesday would reduce the number of students who receive full scholarship to attend institutions of higher education in the autumn semester to 30,000, but offer half scholarships to 15,000 students, daily Magyar Nemzet said.
LifeWednesday, 13:30 January 4., 2012 Read more

Bill would give state-, local council-owned companies monopoly on trash pickup

A bill submitted to Parliament at the end of December by the Rural Development Minister would establish a state and local government monopoly on residential trash pickup and management from the start of 2013.
EconomyTuesday, 17:25 January 3., 2012 Read more

Parliament adopts Economic Stability Act

Hungary’s Parliament on Friday approved the Economic Stability Act, originally submitted as the financial stability act.
PoliticsFriday, 17:10 December 23., 2011 Read more

Hungary parliament approves amendments to central bank bill

Parliament on Friday approved amendments that the body’s Economic Committee and MPs of the governing Fidesz party submitted to the Central Bank Act bill.
PoliticsFriday, 15:20 December 23., 2011 Read more

Minister submits amendment to allow private pension fund members to return to state pension fund

National Economy Minister Gyorgy Matolcsy has submitted an amendment proposal to the financial stability act that will make it possible for private pension fund members to return to the state pension fund.
PoliticsThursday, 11:05 December 22., 2011 Read more

Parliament approves Local Government Act

Parliament approved late Monday the new Act on Local Government, which broadly rearranges the responsibilities and powers of authorities of the central government and local governments.
PoliticsTuesday, 14:10 December 20., 2011 Read more

Parliament approves 2012 budget

Hungary’s parliament passed the 2012 budget law, targeting a deficit of 2.5% of GDP, early Tuesday morning with a vote of 255:48.
EconomyTuesday, 09:30 December 20., 2011 Read more

UPDATE - Parliament approves 2012 budget

Hungary’s parliament passed the 2012 budget law, targeting a deficit of 2.5% of GDP, early Tuesday morning with a vote of 255:48.
EconomyTuesday, 09:30 December 20., 2011 Read more

Change to bill would cut waiting period for tax changes

An amendment to a bill on Hungary’s Financial Stability Act submitted by Parliament’s Budget Committee would cut the time required between the announcement of tax changes and the time they come into force from 60 to 30 days.
BusinessMonday, 15:30 December 19., 2011 Read more

Committee submits motion channeling private pension funds to state indefinitely

An amendment proposed by Parliament’s Budget Committee on Thursday would channel pension contributions - 10% of gross wages - paid by members of private pension funds to the state pension fund indefinitely.
EconomyFriday, 16:00 December 16., 2011 Read more

Govt plans to merge MNB and PSZAF under new organization

Parliament’s Constitutional Affairs Committee on Wednesday evening decided to submit an amendment to parliament that would merge the duties and authority of the National Bank of Hungary (MNB) and financial market regulator PSZAF under a newly established organization.
PoliticsThursday, 09:25 December 15., 2011 Read more

Parliament approves package of amendments to energy laws

Parliament on Tuesday approved a package of amendments to energy laws necessary to implement an EU decree on measures that protect secure gas supply, the National Development Ministry told MTI on Wednesday.
PoliticsWednesday, 17:15 December 14., 2011 Read more

Parliament approves new Labour Code

Parliament on Tuesday approved the new Labour Code, which will come into effect from July 1, 2012.
PoliticsTuesday, 17:20 December 13., 2011 Read more

Parliament to vote on some 'cardinal' laws only next spring

Parliament is not expected take a vote on six "cardinal" laws, among them the legislation on the central bank, parliament and elections, until the spring session, MTI learnt.
PoliticsWednesday, 09:40 December 7., 2011 Read more

Govt bill seeks to enshrine flat-rate taxes in cardinal law

A bill submitted to Parliament by National Economy Minister Gyorgy Matolcsy on Sunday would enshrine the flat-rate corporate tax and the flat-rate personal income tax, as well as tax benefits for raising children, in a "cardinal" law, requiring a two-thirds majority.
PoliticsMonday, 16:25 December 5., 2011 Read more

Govt submits bill establishing exemption from state debt reduction rule till 2016

Hungary’s government has submitted a bill to Parliament that would establish an exemption for a rule in the new constitution prohibiting any increase of state debt as a percentage of GDP.
EconomyMonday, 13:20 December 5., 2011 Read more

Amendment would prohibit turning off heat at hospitals, schools

An amendment submitted to Parliament by the Economy and IT Committee on Monday would prohibit energy utilities from being turned off at healthcare institutions, boarding schools and primary schools during the heating seasons.
PoliticsMonday, 11:45 December 5., 2011 Read more

Parliament approves main figures for 2012 budget

The approved bill puts fiscal revenue at HUF 14,323.6bn and expenditures at HUF 14,899.8bn, creating a deficit of HUF 576.1bn.
EconomyTuesday, 17:20 November 29., 2011 Read more

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