Ecofin Agrees to Extension of Hungary Excessive Deficit Procedure Deadline

Ecofin, more or less unanimously approved the recommendation of the European Commission to extend the deadlines in excessive deficit procedures against Hungary, Poland, Latvia, Romania and Lithuania and Malta.

H1 General Government Deficit Under Target

Hungary had a HUF 814.6bn cash flow-based general government deficit, without taking into consideration the local councils, in January-June, according to the preliminary data published by the Finance Ministry on the 6th of July. 

Hungary Passes Asset Tax Law

The new bill will cut personal income taxes and social contributions paid by the employers.

ITD Hungary Signs Agreement with Beijing Stock Exchange

ITD Hungary signed an agreement with the Beijing Stock Exchange (CBEX) to advertise investment and cooperation possibilities in Hungary throughout its information channels.

Legislators Endorsed New Tax Bills and Amendments

An old debate has reached its end when the real estate tax was accepted by the cabinet and the Parliament has endorsed the bill.

Hungary’s Budget Dept Drops in May from Forint Strengthening

Hungary's foreign currency and forint-denominated budget debt fell a combined HUF 153.2bn in May to HUF 19,052.4bn at the end of last month.

News Monitoring