Shops and other small business owners affected by the curfew and temporary closures will not have to pay tax for last month, while more than 30,000 companies are exempt from paying employment contributions, leaving 11 billion forints (EUR 30m) in their pockets, a finance ministry official said on Wednesday.
The government on Tuesday submitted Hungary’s plan for utilising the European Union’s Recovery and Resilience Facility (RRF) which covers more than 2,500 billion forints (EUR 7bn) worth of strategic development projects over the next six years, the state secretary in charge of EU developments said.
Hungary’s consumer price index increased by an annual 5.1% in April, the Central Statistical Office (KSH) said on Tuesday.
Finance Minister Mihály Varga on Tuesday announced measures to cut and streamline taxes next year that the government will soon propose to lawmakers. In a video message posted on his Facebook page, Varga said the payroll tax would be reduced to 15% from next July, while the vocational training contribution would be rolled into the […]
Hungary’s cash flow-based budget deficit, excluding local councils, came to 1,043.6 billion forints (EUR 2.9bn) at the end of April, narrowing from the previous month on a 100.5 billion forint April surplus, preliminary data released by the finance ministry show.
Hungary’s cash flow-based budget deficit, excluding local councils, came to 1,043.6 billion forints (EUR 2.9bn) at the end of April, narrowing from the previous month on a 100.5 billion forint April surplus, preliminary data released by the finance ministry show.
The government’s modified budget deficit targets for the coming years, prompted by the continuously changing global environment and the drawn out recovery of capacities, afford flexibility, Finance Minister Mihály Varga said in an interview with business portal Portfolio.hu published on Monday.
The government is launching a 30 billion forint (EUR 83.6m) investment support scheme to help large companies upgrade and expand production, Foreign Minister Péter Szijjártó said on Facebook.
Hungary and Austria believe that setting a minimum wage from Brussels would be ill-advised due to large differences in the level of development between European Union member states, László Palkovics, the minister of innovation and technology, has told public media after talks with Austrian Labour Minister Martin Kocher on the sidelines of the EU summit […]
Budapest Mayor Gergely Karácsony has presented an alternative plan on the use of the European Union’s pandemic recovery fund, developed by the Association of Hungarian Municipalities (MÖSZ).
