The Organisation for Economic Cooperation and Development lowered its projection for Hungary’s GDP growth next year to 2.5 percent in volume terms in a forecast published on Monday from the[…]
“Strong economic growth has returned” to Hungary, the Organisation for Economic Co-operation and Development said in a survey last Friday, putting GDP growth at 2.5 percent in 2016 and 3[…]
Although Hungary might have many areas in which to improve, the country manages to rank among the most developed ones in the region thanks to its leading technological solutions and[…]
CIB Group expects to see further recovery on the Hungarian property market in 2016 due to a favourable investment environment combined with certain governmental stimulants. The bank group says demand[…]
The government has approved proposals to reduce the personal income tax rate from 16% to 15% next year, Minister of National Economy Mihály Varga has said. The government also approved[…]
I hope you were paying attention in the past few weeks because Fidesz made a few announcements that all but guarantee their election victory in 2018. While many on the[…]
Despite all the uncertainties of economic and fiscal policy since 2010, at least production companies could calm themselves by the fact that cannon balls had been avoiding them. While banks,[…]
Parliament has passed the new tax law for 2015. Even though at the end of summer the Ministry for National Economy promised continuity and predictability, another wave of changes will[…]
The government is not planning to change the taxation rate for companies next year but the long-term goal is to have a flat-rate tax, Minister for National Economy Mihály Varga[…]
Hungarian building materials association MEASZ has proposed a number of incentives for building new homes. The association proposes making available cheap mortgages with a rate of 2.5% for home construction,[…]
