According to the latest taxation survey by OECD, the organization comprising the most most developed countries of the world, people in Hungary pay 38.5% of the GDP as tax burden, above the OECD average of 34%. Consumption tax is the highest.
According to the latest taxation survey by OECD, the organization comprising the most most developed countries of the world, people in Hungary pay 38.5% of the GDP as tax burden, above the OECD average of 34%. Consumption tax is the highest.
The European Commission sees no systemic threat to democracy, the rule of law and fundamental rights in Hungary, although, it has brought several procedures against it for infringing EU laws, said Commissioner Vera Jourová in a debate with MEPs on Wednesday.
The European edition of the American daily paper Politico has put Hungarian Prime Minister Viktor Orbán on top of a list it compiled of 28 people (from politician to pop star) from 28 countries who are "shaping, shaking and stirring Europe."
Hungary’s parliament on Tuesday voted to abolish NAV, the tax and customs authority, as an independent body and fold it into a state secretariat operating as part of the economy ministry. The related motion was approved with 119 votes against 62.
An investigation of Hungary’s central tobacco distributing company by the European Commission takes more time than it was originally expected, but it is not by chance the EU executive is taking its time to look into the matter, portfolio.hu quotes a local paper.
Thousands of people have gathered in the Hungarian capital this Sunday for the demonstration 'Climate March Budapest' ahead of the United Nations Framework Conference on Climate Change held in Paris between November 30 and December 11.
The number of Hungarians with official working permits in Germany and Britain has increased over the past two years, the daily Magyar Nemzet is quoted by the Hungarian news agency MTI, citing data from the statistical offices of Germany and the UK.
At the invitation of Anita Herczegh, the wife of Hungarian President János Áder, the spouses of diplomats stationed in Hungary visited this week the Sándor Palace, the official residence of the President of Hungary and the seat of the Office of the President.
The City Park Ice Rink, the largest public ice rink in Europe opened its gates for the new winter season in Budapest this Wednesday. Originally opened in 1870, and reopened after renovation in December 2011, the rink offers 12 thousand square metres of ice surface.
The National Bank of Hungary (MNB) announced on Tuesday that it increased its ownership in the Budapest Stock Exchange (BSE) to 75.8% by acquiring a total stake of 68.8% from Austrian CEESEG AG and Österreichische Kontrollbank AG.
This past week-end saw the first snow of the season on higher-lying areas of Hungary as temperatures dropping following an unseasonable mild weather lasting for the past few weeks. However, the 5-10-centimeter snow is not suitable for skiing.
It can never be too early. The eastern Hungarian city of Debrecen had its Christmas tree set up on Kossuth square this Friday. As the Hungarian news agency MTI reports, the 16-meter tall pine tree was offered to the city by a private individual.
The European Commission has opened infringement against Hungary for lack of compliance of the Paks nuclear power plant project with EU public procurement rules. Portfolio.hu says the move is not unexpected, as press reports have already heralded it.
Two British nationals convicted earlier for supporting terrorism, Abu Izzadeen (born as Trevor Brooks), and Simon Jonathan Keeler were detained by Hungarian police at Lõkösháza border crossing point on Sunday when discovered on a train heading for Romania.
The Hungarian Constitutional Court on Tuesday annulled parts of a law that required commercial banks to pay billions of forints to bail out clients of failed brokerage Quaestor, the financial website portfolio.hu quotes the country's state news agency.
