VAT rules to change on 1 May 2004
A slew of changes to the law on value-added tax are being passed by Parliament. Among these are:
A slew of changes to the law on value-added tax are being passed by Parliament. Among these are:
Ecostat's poll of Hungarian SMEs showed that pessimists outnumber optimists with regard to both their own situation (by 38% to 32%) and the state of the Hungarian economy (by 39% to 33%).
Hungary attracted Ђ1.494 billion in foreign direct investment (FDI) in 2003, according to preliminary figures released by central bank (MNB). The annual figure was helped substantially by a large inflow of Ђ469 million in FDI in December.
CIB Bank, the Hungarian subsidiary of Italy's Banca Intesa Group, has received Ђ30m from the European Bank for Reconstruction and Development (EBRD) and the Council of Europe Development Bank (CEB) to support Hungarian small- and medium-sized ente
Small- and medium-sized enterprises (SMEs) confidence was up two points to 46.7% in January, showing an unmistakable recovery from its low point measured in the summer months, according to Ecostat.
The European Bank for reconstruction and Development (EBRD) and Budapest Lizing Rt have signed a contract on a Ђ20 million credit line, the credit institution announced yesterday.
The Hungarian Development Bank Rt (MFB) has made its first investment as part of its new venture capital activity.
Seven independent financial advisory firms operating in nine Central East European countries are scheduled to sign an agreement on forming a regional corporate finance alliance.
As the Hungarian Development Bank Rt (MFB) steps up its venture capital activities, fund managers have recently had misgivings about its choice of targets, and fear it may become an unfairly advantaged rival to private funds.
The European Investment Bank (EIB) has signed an agreement with the state-owned Hungarian Development Bank (MFB) on a Ђ50 million credit line. The MFB will use the facility to finance education, infrastructure and environmental projects.