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Hungary govt debt manager plans net forint repayments of HUF 199 bln in June-August

Hungary's Government Debt Management Agency (AKK) plans net forint securities repayments of HUF 199 billion in June-August of 2012, as compared to planned net repayments of HUF 162 billion in May-July, AKK's latest three-month forint issue plan, published on its website, shows.
Monday, 06:45 May 21., 2012 Economy

Per-minute tax on phone calls, txt messages to come into effect from July

Parliament approved on Friday a proposal to introduce a HUF 2 per minute tax on telephone calls from July 1.
Friday, 15:30 May 18., 2012 Business

Govt does not want to levy any type of central property tax

The government does not want to levy any kind of central property tax, government spokesman András Giró-Szász said.
Friday, 07:30 May 18., 2012 Economy

Gov lowers spending freeze, raises dividend target

Hungary's government has lowered spending freezes at ministries but raised the target for dividend payments at state-owned companies in a resolution published in the fresh issue of official gazette Magyar Közlöny.
Friday, 07:30 May 18., 2012 Economy

Negotiations with IMF/EU will be faster than preparations, says chief negotiator

Hungary's official negotiations with the International Monetary Fund and the European Union on precautionary financing will be faster than preparations for the talks as the country has met pre-conditions, Hungary's new chief negotiator says.
Friday, 07:25 May 18., 2012 Economy

Hungary net financing requirement 1.9% of GDP in Q1

General government net financing requirement amounted to HUF 1,262 billion, or 4.4% of Hungary’s GDP in the four quarters through Q1 this year, and it was HUF 124 billion, or 1.9% of quarterly GDP, in Q1, the National Bank of Hungary said.
Friday, 07:05 May 18., 2012 Economy

Households' net financing capacity decreased to 5.3% of GDP in Q1

Household net lending, or net financing capacity, HUF 1,489 billion, was equivalent to 5.2% of GDP in the four quarters through Q1 this year, the National Bank of Hungary said in a report on preliminary financial accounts data on Thursday.
Friday, 07:00 May 18., 2012 Economy

Egis ups guidance

Egis sees sales in Eastern Europe falling 10-15%, at a faster rate than the 5% drop projected earlier.
Wednesday, 20:10 May 16., 2012 Business

Banking association establishes position on transactions duty for talks with govt

If the banking sector is burdened to this degree for the third year in a row, it will prevent lending from picking up in Hungary, which is in neither the interest of banks nor the government, Mihály Patai said.
Wednesday, 19:45 May 16., 2012 Business

Hungary seeks three-year, €15 bln precautionary financing from IMF/EU

\"We\'re interested in signing an agreement in the shortest time possible, but, realistically, we can count on early autumn,\" Varga told the paper.
Wednesday, 19:25 May 16., 2012 Economy

Nabucco consortium executive body to discuss MOL stand on pipeline

MOL said late in April that the continued financing of the pipeline was unsustainable and declined to approve the project company's budget for this year.
Monday, 12:25 May 14., 2012 Business

Weaker HUF, EUR sales to mortgage repayments give MNB extra HUF 13.6 bln

At the same time, the bank reduced operating costs sharply.
Monday, 12:05 May 14., 2012 Economy

MOL considers joining BP pipeline project

BP's SEEP would bring gas from the border between Turkey and Bulgaria through Romanian and Hungary.
Monday, 11:35 May 14., 2012 Business

Hungary CPI picks up to 5.7% in April

Seasonally-adjusted core inflation fell on the month and rose on the year.
Saturday, 16:55 May 12., 2012 Economy

EC forecast puts Hungary deficit under 3% threshold in 2012, 2013

The projection for 2012 is down from 2.8% forecast last autumn.
Saturday, 16:45 May 12., 2012 Economy

Government introduces tax bills

If voted in parliament, telecommunications companies should pay a HUF 2 tax per minutes of voice calls and text messages from July.
Saturday, 15:10 May 12., 2012 Economy

A sector waiting to be recognized

The sector is probably one of the most significant contributors to GDP, but is still in the dark in terms of employment and professional quality control: facility management is desperately seeking a way to become better known and more appreciated.
Friday, 13:10 May 11., 2012 Business

Govt breaks promise made in agreement with new tax, Banking Association says

The predictability of the regulatory environment would be necessary to lessen the negative consequences of the crisis, the Association emphasized.
Thursday, 15:55 May 10., 2012 Business

Budapest Stock Exchange name new CEO

Former head left the exchange over differences concerning the introduction of a new trading system at the bourse.
Thursday, 15:35 May 10., 2012 Business

EU conformity of telephone tax questionable, Mattheisen says

The physical implementation of the tax had raised many questions among all industry players, Christopher Mattheisen, the head of Magyar Telekom said.
Thursday, 12:25 May 10., 2012 Business

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