Gov’t to pursue investors for health insurance tender
Profits capped at 2% for health investors Hungary will attempt to woo private investors into its health insurance system by launching an international road show and employing an international tender...
View ArticleHopes stronger forint will lower budget costs
National Bank of Hungary scraps trading band to fight inflation The National Bank of Hungary (MNB) last Monday scrapped the forint trading band in a move it said was aimed at battling inflation and...
View ArticlePushing passive housing
Even old houses can be made super energy efficient, the first Hungarian Passive House Conference held in Budapest last week heard. The German “passivhaus” standard, which is gaining popularity in...
View ArticleUnion Investment set on intensive Hungarian growth
The third-biggest player in the German investment market is moving directly into the Hungarian market. Union Investment is doing so through Takarékbank Zrt., and its network of Hungarian savings...
View ArticleHungary-Russia deal strikes blow to EU-backed Nabucco
PM under fire for signing onto pipeline Prime Minister Ferenc Gyurcsány last week delivered a blow to the EU-backed Nabucco pipeline and drew heavy domestic flak when he and Russian...
View ArticleBiofuels in Hungary: Part II
Biofuels, between polemics & realityBiofuels are presently facing more and more criticism worldwide. It is a subject which everyone is interested in and which even provokes protests, often based on...
View ArticleCourt OKs retroactive VAT deduction
Taxpayers can deduct VAT retroactively, even if their economic activity in Hungary began before they registered with the tax office, Budapest Municipal Court ruled last week. In a case brought by the...
View ArticlePressure taxes government
Businesses, employees and the head of the central bank are hoping for payroll cuts. The liberals – and some Socialists – are hoping for large, popularity boosting tax cuts in the run up to the 2010...
View ArticleAccusations of stirring up political trouble
Bribery allegations The centre-right opposition party Fidesz is out to unseat the Socialist mayor of District VI, István Verók amidst a storm of allegations of corrupt property deals. The local...
View ArticleVery pricey synagogue location
Named after Theodor Herzl – a local boy from Dohány utca who went on to start the modern Zionist movement – a new “luxury” residential development is to be built in the shadow of Budapest’s famous...
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