Decision-making is usually a complicated matter in the corporate world. Recently, a research has been conducted to examine how the heads of corporations arrive at their decisions in Hungary. The most important results were discussed at a conference.
Insider reviews, first hand infos and more.
Decision-making is usually a complicated matter in the corporate world. Recently, a research has been conducted to examine how the heads of corporations arrive at their decisions in Hungary. The most important results were discussed at a conference.
Holders of mandatory private pensions who face losses unless they switch to the state system by the end of January have made over 200 complaints to the Constitutional Court, the daily Népszabadság said on Wednesday.
All economic priorities of the Hungarian presidency serve to strengthen the position of the European Union, Hungarian Economy Minister Gyorgy Matolcsy said at an EP committee hearing in Brussels on Monday.
Hungary's New Széchenyi Plan, an economic development plan, will invest HUF 7,000 billion (EUR 25.5bn) between 2011 and 2014 in various business projects and infrastructure, boosting the investment rate by an annual 5 percentage points.
Hungarian energy group MOL is hiking the price of motor fuels further as of Wednesday, with the wholesale price of gasoline to rise by HUF 5 and that of diesel by HUF 6 per liter. The increase takes local prices to new all-time highs.
Some 53 percent of Hungarians spent less on Christmas preparations this year than last year and only 7 percent said they had spent a significant amount, a survey by Nezopont Institute released on Wednesday shows.
In July this year, the European Union saw the start of the second half of its current seven-year budgetary period (2007-2013). Overall, Hungary has access to about HUF 4,000 billion (EUR 14.4 bn) left until 2013.
Recent downgrade of Hungary by the international credit rating agency Moody's is completely unjustified, Foreign Minister János Martonyi told the BBC on Wednesday. Moody's downgraded Hungary on Monday to just a notch above junk status.
The European Commission projects Hungary's economy will expand by 2.8 % in 2011, unchanged from its projection in the spring. The Commission forecasts that Hungary will meet the 3.8 % public finance deficit target for 2010 but will overshoot the respective targets for 2011 and 2012.
The Monetary Council of the National Bank of Hungary increased the prime interestó rate by 25 basis points to 5.5 percent on Monday with effect from November 30. The base rate had stood at 5.25 percent since April 27.
The government adopted a package of bills designed to force people to switch from a private to a state-managed pension scheme. Those not willing to switch will lose the considerable amount of state pension they are now entitled to.
The first and foremost task of the British Chamber of Commerce in Hungary is to help its 180 members conduct business with good services and events. Also the Chamber is to represent British business values in Hungary.
Hungary's independent Fiscal Council says the 2011 budget draft submitted to Parliament does not show in sufficient detail how the government arrived at the main budget figures from its macroeconomic assumptions, significantly restricting transparency
Hungary's budget revenue is expected to increase by HUF 1,000 bn (EUR 3.64 bn) annually in the 2013-2015 period as a result of the government's measures to boost jobs and cut state spending, Economy Minister György Matolcsy said on Friday.
The Russian owners of Hungarian airlines Malév will be offered a stake in a Hungarian gas storage facility in exchange for their shares, the Hungarian business daily Napi Gazdasag reported on Friday quoting unnamed sources.
