Corporate tax coming down
The corporate tax rate will be cut to a flat 9 percent next year, Prime Minister Viktor Orbán has told a conference. The rate would apply to big companies as[…]
Tagged: Mihály Varga
Jobless down to 4.9pc
The rolling average three-month jobless rate fell to 4.9 percent in June-August, the Central Statistical Office has said. Analysts said the improvements on the labour market indicated an economic recovery,[…]
More
Varga offhand on euro
Minister of National Economy Mihály Varga has said there is no need to hurry to adopt the euro. Unless the level of development of the country’s economy reaches the European[…]
Fitch upgrade well earned: Varga
Economy minister attributes success to six years of Fidesz
An upgrade of Hungary back to investment grade by ratings agency Fitch is a result of economic reforms the government started in 2010, Minister of National Economy Mihály Varga has[…]
Analysts rattled by ‘temporary blip’
Slowdowns in EU funds, car factories put brakes on GDP
Hungary’s GDP grew an unadjusted 0.9 percent year-on-year in the first quarter of 2016, the Central Statistical Office (KSH) has said in a first reading of data. The preliminary number[…]
Bank levy to be cut
The government will cut the bank levy by HUF 20 billion for the sector as a whole in 2017, Minister of National Economy Mihály Varga said at OTP Bank’s annual[…]
Reversal ‘saves referendum cost’
Government puts spin on Sunday shopping ban backdown
The government has proposed that Parliament should revoke the law regulating Sunday working restrictions, cabinet chief Antal Rogán announced on Monday. Already on the next day lawmakers passed the legislation[…]
Varga has growth message
Despite the bleak prospects of the world economy, Hungary could keep its economy growing through accelerated payout of EU funding, raising bank lending, creating a flexible labour market and supporting[…]
Varga points the way ahead
EU funds, credit, flexible labour and an investment fund
Minister of National Economy Mihály Varga summarised in four points all the things the Hungarian government can do to keep domestic economic growth above the European average. He did not[…]
Car industry is a cul de sac for exports
Economic diversity needed in wake of VW exhaust gas scandal
The government is considering how to proceed with its industrial policy following the scandal over the manipulated diesel engines of the Volkswagen Group. At the moment only one thing is[…]
-
Display
