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Hungary Budapest Business Journal

Wed, 20 Jun 2018 12:10:00 GMT
Hungarian householdsʼ material welfare trails regional peers
Hungaryʼs Actual Individual Consumption (AIC), a measure of the material welfare of households, was 63% of the European Union average last year, at purchasing power parity, shows a report released Tuesday by Eurostat, the EUʼs statistics office.&nb...

Wed, 20 Jun 2018 11:22:00 GMT
MOL gains access to Adriatic gas via Croatian unit
Croatian oil and gas company INA, a subsidiary of Hungarian peer MOL, will purchase Eni Croatia BV from the Italian Eni Group, thus becoming sole owner and operator of the Northern Adriatic and Marica offshore gas fields, according to a MOL announcem...

Wed, 20 Jun 2018 10:32:00 GMT
Deficit 87% of full-year target, ministry confirms
Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 1,187.5 billion deficit at the end of May, the Ministry of Finance confirmed in a second reading of data released Wednesday.  The deficit thus reached 87.3% of the HU...

Wed, 20 Jun 2018 10:06:00 GMT
ÁKK buys back HUF 21 bln of bonds early
The Government Debt Management Agency (ÁKK) bought back a combined HUF 21.37 billion of bonds expiring in 2019 before maturity at a reverse auction on Wednesday.   

Wed, 20 Jun 2018 09:01:00 GMT
Government submits wide raft of tax changes
A bill submitted by the government to Parliament late Tuesday would raise the revenue threshold for the Small Business Tax (KIVA) and phase out the Simplified Business Tax (EVA).  The bill was among a plethora submitted during the day, affecting rea...

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