Coronavirus: Gov’t Allocates HUF 9,200 Bn for Economic Protection, Takes Over 70% of Wage Costs from Struggling Companies A total of 9,200 billion forints (EUR 25bn) will be available in the years ahead to mitigate the economic effects... 2020.04.07.
Coronavirus: DK Calls on Gov’t to Use EU Epidemic Support to Compensate Those Newly Unemployed Democratic Coalition (DK) leader Ferenc Gyurcsány has called on the government to use 5.6 billion euros of European Union funding... 2020.03.31.
Coronavirus: Business Chamber Proposes Measures to Ease Economic Impact of Epidemic The Hungarian Chamber of Industry and Commerce (MKIK) on Monday unveiled a new package of proposals it has sent to... 2020.03.31.
Coronavirus: Hungary Applies for EU VAT Exemption for Masks, Respirators The Hungarian government has appealed to the European Commission to grant VAT exemption for imports of face masks, respirators and... 2020.03.26.
Coronavirus – Orbán: Small Businesses in Further Sectors Granted Tax Exemption The government has organised its response to the new coronavirus outbreak along the policing, military, health-care and economic aspects of... 2020.03.23.
Coronavirus: Opposition Parties Propose Suspension of Tax Payment, Basic Income The opposition Socialists (MSZP) on Thursday called for social services to be strengthened, while LMP has proposed exempting companies from... 2020.03.20.
Coronavirus: DK Proposes Measures for Handling Economic Fallout The opposition Democratic Coalition (DK) has prepared a package of proposals for measures to help companies and individuals financially affected... 2020.03.17.
Opposition Parties Shocked by Weakening Forint, Urge Measures Opposition Jobbik will propose a parliamentary resolution to get the central bank set a currency exchange rate target in addition... 2020.02.13.
Jobbik Pledges to Fight for Tax Cuts, Pension Changes The opposition Jobbik party will work to offer solutions to "people's everyday problems" such as low incomes, Péter Jakab, the... 2020.02.07.
Migration Not Needed for Successful Economic Policy, says Foreign Minister Szijjártó The policies pursued by Hungary over the past ten years have demonstrated that migration is not a necessity for a... 2020.01.17.
Gov’t Discussing Expansion of Income Tax Relief to Women with 3 Children The government is discussing the possibility of expanding an exemption from the personal income tax to include women with three... 2020.01.09.
Jobbik Calls for Scrapping PIT for Young Adults Nationalist Jobbik is launching an initiative to scrap personal income tax for Hungarians under 29, parliamentary group leader Péter Jakab... 2019.12.12.
IMF Commends Hungary on Strong Growth, Urges Further Fiscal Steps International Monetary Fund (IMF) directors acknowledged Hungary's strong economic growth and reduced external vulnerability, but urged continued fiscal consolidation in... 2019.12.06.
Hungary Jumps ahead in World Bank Paying Taxes Ranking Hungary moved forward to 56th place from 86th in an annual global ranking gauging ease of paying taxes compiled by... 2019.11.26.
Orbán: Protecting Economy Top Task in 2020 Prime Minister Viktor Orbán said in an interview on Friday that protecting Hungarian economic achievements would be the topmost task... 2019.11.22.
Hungary Moves up 1 Place to 52nd in World Bank Ease of Doing Business Ranking Hungary has moved up one place to 52nd in the World Bank's latest annual ease of doing business ranking. Hungary's... 2019.10.24.
Tardiness and Disinterest Hurts Civil Organizations and Churches According to the National Tax Authority (NAV), in 2019, 1.69 million people opted to offer 1+1% of their Personal Income... 2019.09.19.
Szijjártó: West Wants to ‘Break C Europe Competiteveness’ through ‘Socialist-Type’ Proposals Some Western European countries are seeking to break central Europe's competitiveness "through a socialist-type economic policy", the foreign minister told... 2019.09.04.
Hungarian Press Roundup: Brain Drain and Emigration to Western Europe Continues Two independent economic analysts commenting on an EU report on the brain drain recommend that the Hungarian government consider targeted... 2019.08.12.
Govt: New Tax System Brings More Revenues The Hungarian government's tax cuts are working, finance ministry state secretary András Tállai told the Saturday edition of daily Magyar... 2019.08.05.
Finance Minister: Economic Performance Surpasses Expectations It has once again become clear that Hungary's economic performance surpasses international expectations, Finance Minister Mihály Varga said after talks... 2019.07.15.
