January 26, 2010, 11:04 amThe rules of foreign VAT refunding changed significantly from 1 January 2010 in the Member States of the European Community. In the latest issue of its newsletter, RSM DTM Hungary summarized the most significant...
January 20, 2010, 2:51 pmThere is a risk that Hungary's budget deficit may deviate from the current fiscal path agreed with the International Monetary Fund (IMF), once Fidesz assumes power this year, HSBC said in a research note...
November 30, 2009, 12:43 pmSeveral renowned right-wing economists have urged Hungarian MPs in an open letter to reject the 2010 budget bill in the final vote in Parliament today. Portfolio.hu has already addressed the warning of...
November 20, 2009, 11:30 amThe communication of Hungary’s would-be governing party Fidesz about the 2010 budget deficit is not overly polished to say the least. It seems Fidesz wants a budget gap of around 7.0% of GDP or if...
November 19, 2009, 3:39 pmHungary’s central bank (NBH) is to lower its base rate by 50-50 basis points at its monthly policy meetings in November (next Monday) and December and deliver another 50-bp cut in the first half...
November 19, 2009, 2:17 pmAfter a sizeable contraction in 2009, GDP growth should progressively resume in 2010, and gather pace in 2011, on the back of a strengthening foreign demand and easing credit conditions. Unless the upcoming...
November 12, 2009, 5:00 pmThe Hungarian Parliament has adopted several amendments introducing significant changes to the way personal income tax is calculated from the consolidated tax base. In its latest Tax & Legal Alert, PricewaterhouseCoopers...
November 10, 2009, 1:54 pmHungary’s economy continued to shrink in the third quarter, but what lies ahead is most likely very moderate growth, the consensus forecast of analysts showed in a Portfolio.hu poll on Tuesday. The...
October 27, 2009, 3:45 pmAmong other effects of the amendments to Hungary’s Civil Procedures Act that Parliament passed during the summer, it restricts the rights of contractual parties to stipulate, at the time a contract...
October 19, 2009, 8:19 amPortfolio.hu sees Hungarian fuels group MOL increasing likely to hike its fuel prices this week, especially in case of diesel oil. In US dollar terms gasoline rates jumped by 7.7% and diesel rates went...
October 8, 2009, 3:42 pmA new proposal by Hungary’s central bank (NBH) to restrict FX - and eventually forint-based - lending would deepen recession in the country and keep about two thirds of the public from taking out...
September 9, 2009, 4:11 pmIt will be revealed later this week whether retailers in Hungary transmitted July's VAT and excise tax hikes partially only last month or the recession and tough competition force them to bear the brunt...
August 10, 2009, 4:00 pmThe VAT hike in effect in Hungary as of 1 July has pushed inflation considerably higher in the seventh month of the year, analysts agreed in a Portfolio.hu poll on Monday. Regarding the extent of the impact...
May 18, 2009, 9:30 amThe current economic and financial crisis has provided a solid argument as to why financial awareness needs to be enhanced globally in order to prevent similar disasters. The policymakers of several European...
March 30, 2009, 8:00 amJAVIER ECHARRI Secretary General European Private Equity & Venture Capital Association Europe's buyout industry has not been immune to the huge volatility...
January 23, 2009, 2:03 pmPortfolio.hu has recently asked macroeconomic analysts what they think about a government plan to raise the rate of value-added tax and it turned out they are not exactly happy about the idea. “The...
December 9, 2008, 3:26 pmThe Slovaks were not against reforms, which probably helped the country to become the second state in Central and Eastern Europe to gain euro zone membership on 1 January 2009, said Lajos Ódor, member...
September 22, 2008, 4:01 pmThe crisis on the capital markets is not over yet and its impacts will be felt also in Europe and in Hungary, István Hamecz, Chairman-CEO of OTP Fund Management, told Portfolio.hu in an interview on Monday....
June 24, 2008, 1:15 pmThe National Bank of Hungary (NBH) caused quite a surprise on Monday when it decided to leave the base rate on hold at 8.50%, defying an unusually unified market call for a 25-bp hike. Since then, however...
April 10, 2008, 3:33 pmThere will be at least two mobile phone subscriptions for everyone in Hungary within five years, given an expectedly dynamic growth in the use of “linked objects", said Ove Fredheim, Chief Executive...
