Committee exempts 15 projects from plaza ban

Exemptions proposed by the committee included the construction of a vehicle-parts store, a pet shop, a cold-storage facility and a warehouse.
BusinessFriday, 13:30 April 27., 2012 Read more

Gov't publishes resolution on Széll Kálmán Plan 2.0 measures

The resolution contains a breakdown of a combined HUF 44.6 billion in government spending freezes.
EconomyFriday, 08:30 April 27., 2012 Read more

Significant part of eligible borrowers expected to participate in exchange rate limit scheme

Borrowers who took out loans up to HUF 20 million may participate in the scheme.
EconomyThursday, 15:55 April 26., 2012 Read more

Hungary talks with IMF-EU could start

Talks could start after the Central Bank Act is amended as agreed on with the European Union.
EconomyWednesday, 21:40 April 25., 2012 Read more

Ministry confirms Hungary Q1 fiscal deficit at almost 90% of full-year target

In March alone, the general government had a deficit of HUF 230.9 billion. The annual deficit target is HUF 576.2 billion.
EconomyMonday, 15:45 April 23., 2012 Read more

Hungary, EU VAT cases pose no risk of funding recovery

There is no chance Hungary will have to repay European Union funding in cases involving the country's application of EU support for VAT, the National Economy Ministry said on Friday.
EconomyFriday, 14:10 April 20., 2012 Read more

Gov`t mulls tax on telephone, internet usage

The proposed tax could raise HUF 40 billion-50 billion, says internet portal Origo.
EconomyFriday, 13:55 April 20., 2012 Read more

Talks on Hungary Central Bank Act held at ECB headquarters

The talks in Frankfurt were expected to produce a solution on disputed points of the law.
EconomyTuesday, 11:10 April 17., 2012 Read more

Hungary gov't stands by flat-rate tax

Revenue upon the 16% flat-rate tax generated HUF 60 billion more than planned, deputy state secretary says.
EconomyThursday, 14:25 April 12., 2012 Read more

Government launches HUF 21 bln in tenders for additional wage compensation

The fund supports employers who are unable to finance the required minimum 5% wage rise to compensate lower-wage earners for losses in net income.
EconomyTuesday, 16:45 April 10., 2012 Read more

Hungary still awaits IMF's reply

The government hopes that the Commission will make a decision quickly.
PoliticsTuesday, 15:55 April 10., 2012 Read more

Hungary gen gov't deficit almost 90% of full-year target in Q1

The general government had a cash flow-based deficit of HUF 517.5 billion in the first three months of 2012, and a deficit of HUF 230.9 billion was recorded in March alone.
EconomyFriday, 09:35 April 6., 2012 Read more

Parliament asks government to examine possibility of introducing personal bankruptcy

The request is part of a parliamentary resolution on various government measures necessary to prevent Hungary's population from accruing massive fx debt.
EconomyWednesday, 16:05 April 4., 2012 Read more

State secretary announces HUF 13 bln worth of innovation tenders

Cséfalvay said it is the first time since summer 2010 that R+D tenders can be published from domestic funds.
BusinessMonday, 17:50 April 2., 2012 Read more

Hungary foreign bond issue to follow IMF agreement

This year's foreign exchange expiries include about €3.4 billion repayment on loans granted under a 2008 EU/IMF standby agreement to the IMF.
EconomyFriday, 10:30 March 23., 2012 Read more

Ministry confirms Hungary Jan-Feb gov't deficit

The two-month deficit was in line with expectations, and will follow a pattern similar to the previous years.
EconomyThursday, 15:55 March 22., 2012 Read more

HUF 130 bln-140 bln in additional fiscal savings needed

The amount is needed in order to bring the general government deficit under 3% of GDP, state secretary said.
EconomyWednesday, 10:45 March 14., 2012 Read more

Committee exempts seven projects from ban on big retail spaces

Hungary's National Economy Ministry and the Rural Development Ministry have granted exemptions from a ban on the construction of big shopping centers in seven cases.
BusinessMonday, 09:45 March 12., 2012 Read more

Gov't could cut payroll tax for unskilled workers

"We are working on the 2013 central budget, including simplifying the taxation of the SME sector," deputy state secretary said.
EconomyThursday, 17:30 March 8., 2012 Read more

Hungary gen govt deficit reaches almost 50% of full-year target in Jan-Feb

The January-February deficit was little more than half of the respective 2011 shortfall in nominal terms, but was up in proportion to the full-year deficit.
EconomyWednesday, 17:15 March 7., 2012 Read more

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