Szijjártó: Hungary Against Global Minimum Tax
Hungary will reject the introduction of a global minimum tax, Péter Szijjártó, the minister of foreign affairs and trade, said, arguing that such a measure would entail tax increases in the country.
Adam
Economy
EU RRF Credit ‘Not the Most Suitable’ for Achieving National Goals
Hungary’s government decided earlier that European Union credit available in the framework of the Recovery and Resilience Facility (RRF) didn’t dovetail with national targets, state secretary for EU developments Szabolcs Ágostházy said in an interview published in Monday’s issue of business daily Világgazdaság.
NBH Policy Makers Could Weigh Rate Hike in June
The Monetary Council of the National Bank of Hungary (NBH) could consider raising the base rate at a policy meeting in June, deputy governor Barnabás Virág said on Monday, Reuters reported.
LMP Submits Budget Amendment Proposal to ‘Restore’ University Funding
The opposition LMP party has submitted amendment proposals to the 2022 budget bill, saying they aim to return “funds stripped from universities” to the institutions.
Palkovics Promises Transparency in Fudan Hungary University Construction
At a meeting with the mayors of Budapest and its 9th district, government representatives offered to make the entire process establishing the local campus of China’s Fudan University transparent and invited the councils and the conference of student councils to sit on the board and a professional consulting body, László Palkovics, the minister of innovation […]
Government Looking Into Extending Loan Moratorium for Vulnerable
The government will decide whether to uphold the loan moratorium for vulnerable borrowers after consultation with the Hungarian Banking Association and the National Bank of Hungary (NBH), a government official said.
“Hungary Employment Back at Pre-Crisis Level”
Employment in Hungary has returned to pre-crisis level, Prime Minister Viktor Orbán said in an interview to public broadcaster Kossuth Radio. The work of doctors and nurses has greatly contributed to economic performance because “they cured everyone humanly possible”, Orbán said. He added that only 2,600 Covid patients were now in hospital, including 338 on […]
Hungary Cryptocurrency Provisions Could Serve as Model and Raise Revenue
The Hungarian government’s proposed legislation regulating capital gains from cryptocurrencies and taxing them at a rate of 15% could serve as a paradigm for other policymakers, as well as boosting budget revenue, tax affairs state secretary Norbert Izer said in an interview to Magyar Nemzet. The government submitted a bill to lawmakers on Tuesday that […]
Construction Output Rebounds From Low Base in March
Output of Hungary’s construction sector rose by an annual 4.3% in March, after contracting in the base period as the country went into pandemic lockdown, the Central Statistical Office (KSH) said.
Hungary Industrial Output Up 16.5 % YR/YR in March
Hungarian industrial output grew by an annual 16.5% in March, up from 1.9% in February, according to a second reading of data released by the Central Statistical Office (KSH) on Wednesday.