September 15, 2011, 5:21 pmBy István Madár A proposal that would allow clearing foreign currency debts at a preferential CHF/HUF 180 is en route to becoming a law. The measure is pushing Hungarian households towards converting...
July 19, 2011, 1:50 pmMorgan Stanley has in a recent focus piece looked at the possible channels of contagion from the euro area to Central and Eastern Europe, and it sees increasing risks, despite the region’s vastly...
June 3, 2011, 9:49 amBy Zoltán Bán , István Palkó Fixing the exchange rate for the repayment of foreign currency loans is an option, no one is forced to choose it, said Antal Rogán, member of the ruling Fidesz party and head...
May 31, 2011, 5:00 pmThe dilemma Hungary’s foreign currency debtors will be facing and the implications of the government’s relief scheme for the local real estate market prompted Portfolio.hu to examine how the...
April 7, 2011, 3:52 pmThe Hungarian government has been communicating its structural reforms in a well-structured manner to the outside world, to the investment community and this was what brought the USD bond issuance to fruition...
March 25, 2011, 9:27 amHungary’s Government Debt Management Agency (ÁKK) issued USD3.75 billion dollar bonds on Thursday, USD 3 bn worth of 10-year and USD 750 m worth of 30-year bonds. The latter is the longest government...
March 8, 2011, 11:16 amThe processes observed in Hungary’s public sector are not reassuring at all, analysts commented February’s budget figures released late on Monday. Some even called the data “hideous"....
November 15, 2010, 10:12 am“The new Hungarian administration seriously needs to rethink the strategic objectives of the EU funds’ distribution. In a broader perspective, the European Union itself needs to rethink the...
November 3, 2010, 4:34 pmAs a general rule, a higher tax rate reduces a company’s cash flow, hence it reduces the value of a company, and vice versa. However, the effects are not always that simple. Without wishing to enter...
October 28, 2010, 2:04 pmGreece, Ireland and Portugal will not be in a position to repay their debts, Hans-Werner Sinn, President of the Ifo Insitute, told Portfolio.hu in an interview on Thursday. He emphasised that while other...
October 27, 2010, 3:56 pmThere will be significant changes to the taxation of personal income in Hungary, mainly due to the introduction of the 16% flat tax rate. In its latest Tax & Legal Alert, PricewaterhouseCoopers, in co-operation...
October 26, 2010, 8:54 amThere will be significant changes to the taxation of personal income in Hungary, mainly due to the introduction of the 16% flat tax rate. In its latest Tax & Legal Alert, PricewaterhouseCoopers, in co-operation...
October 19, 2010, 3:06 pmOn 22 July 2010 a number of provisions of the Corporate Tax Act has been amended by the Hungarian Parliament, with the effect from 1 July 2010 retrospectively which legislative changes may affect the calculation...
October 4, 2010, 2:39 pmSince 1 January 2010, Act LXXXI of 1996 on Corporate Tax and Dividend Tax has included the provision that the Frascati Manual should be used to determine whether certain activities qualify as R&D activities...
June 18, 2010, 9:10 amJune 2010 saw a turnaround point in Hungary’s macro outlook trends; increasing 2010 budget deficit expectations have come to a halt for the first time in about 1.5 years according to the latest Reuters...
June 10, 2010, 9:29 amBy István Madár The Hungarian government’s 29-point action plan presented on Tuesday by Prime Minister Viktor Orbán has basically made a good impression, as it has set a clear economic direction...
March 30, 2010, 3:51 pmAnalysts covering OTP Bank raised their profit estimates for Hungary’s largest lender by 30% for 2010 and by 40% for 2011 compared to the market’s call a year ago, i.e. during the darkest days...
February 19, 2010, 5:00 amHungarian economists have launched an independent civilian initiative to see what the sometimes cloudy, boisterous, humbug or downright ridiculous promises of local political parties would actually do...
February 16, 2010, 9:06 amOn 1 February 2010, certain amendments to the Labour Code came into force, while other amendments will take effect from 1 May 2010. In its latest Tax & Legal Alert, PricewaterhouseCoopers has addressed...
February 5, 2010, 10:52 amAccording to the tax law modifications previously accepted by Hungary’s Parliament, the practice of tax base supplementing was introduced in personal income taxation as of 1 January 2010; this practice...
