FM: global minimum tax would put jobs at risk
The introduction of the OECD’s global minimum tax on corporate profit would result in big tax hikes and endanger “tens of thousands” of jobs in central Europe, the foreign minister said.
Adam
Economy
NBH Raises One-Week Depo Rate Rise
The National Bank of Hungary (NBH) raised its one-week deposit rate by 50 basis points in Thursday in a move that the markets were not expecting.
Nagy: 80% of Inflation in Hungary Due to Global Factors
Global factors such as rising energy and grain prices account for 80% of Hungarian inflation, Márton Nagy, the minister of economic development, said in a newspaper interview published on Wednesday.
Construction Sector Output Slows to a Crawl
Output of Hungary’s construction sector rose by an annual 3.2% in April, slowing from double-digit growth in the previous couple of months, the Central Statistical Office (KSH) said on Wednesday.
Government Earmarks HuF 103 BN for Electricity Grid Development
Hungary’s government has earmarked 103 billion forints (EUR 25.8m) for developing its electricity grid, the state secretary for energy and climate policy, Attila Steiner, told a press conference.
Hungary, Ukraine Electricity Authorities Discuss Trade Cooperation
Hungarian and Ukrainian electricity regulatory authorities on Tuesday held talks on legal requirements to prepare cross-border trade, the Hungarian Energy and Public Utility Regulatory Authority (HEA) said.
Fidesz Proposes Cutting State Funding for Parliamentary Groups
The ruling Fidesz and Christian Democrat parties are submitting a bill on cutting state funding by 3 billion forints (EUR 7.5m) for opposition parliamentary party groups and by 2 billion forints for their own groups during the current parliamentary cycle, the group leader of Fidesz said on Tuesday.
Mi Hazánk Seeks to Increase KATA Preferential Business Tax Benefits
The opposition Mi Hazánk party has urged that caps on the preferential small business KATA tax should be placed significantly higher, rather than restricting its benefits.
Hungary Repays HuF 450 BN of Debt
Hungary has repaid 450 billion forints’ worth of debt, the finance minister said on Tuesday.
Industrial Output Up 3.1% YR/YR in April
Hungarian industrial output grew by an annual 3.1% in April, slowing from 3.6% in the previous month, the Central Statistical Office (KSH) said in a second reading of data.