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• Business

  Shareholders approve merger of Konzum, Opus

  

  Shareholders of listed holding companies Opus Global and Konzum approved the proposal to merge Konzum into Opus at shareholdersʼ meetings on Monday, the two firms said on the website of the Budapest Stock Exchange (BÉT) on Tuesday, Hungarian news agency MTI reported.

   Tue, Dec. 4, 2018, 11:45

  • Konzum
  • Opus
  • merger
  • shareholders
  • Mészáros
• Business

  CIG Pannónia to raise capital at general insurance unit

  

  The board of CIG Pannónia Life Insurance decided on Thursday to raise capital at its general insurance unit by HUF 1.5 billion and modify the unitʼs dividend policy, Hungarian news agency MTI reports.

   Fri, Nov. 30, 2018, 10:00

  • CIG Pannónia
  • capital raise
  • insurance
  • dividend
• Economy

  Employers back changes to overtime, but as option not rule

  

  Employers back a proposal by MPs of governing Fidesz to extend the period for accounting overtime and to raise the threshold for overtime hours, but they believe the motion should be made an option rather than a rule, Hungarian news agency MTI reported.

   Wed, Nov. 28, 2018, 09:29

  • Employers
  • overtime
  • Fidesz
  • proposal
  • rule
• Economy

  Govʼt to weigh Competitiveness Council proposals

  

  The government will discuss a package of proposals approved by the National Competitiveness Council on Monday at a cabinet meeting on Wednesday, Minister of Finance Mihály Varga told journalists after the councilʼs meeting, Hungarian news agency MTI reported.

   Tue, Nov. 27, 2018, 10:30

  • economy
  • Varga
  • competitiveness
  • proposal
  • labor
  • education
  • taxation
• News

  Marketing alliances blast govʼt proposal to increase ad paper tax

  

  According to a proposal submitted on September 24, the environmental protection tax on one kilogram of paper used for ads is set to increase to HUF 304 from the current HUF 85 rate, an amount that is unacceptable to both the Hungarian Advertising  Association (MRSZ) and Direct and Interactive Marketing Alliance (DIMSZ), according to a joint press release sent to the Budapest Business Journal.

   Fri, Oct. 12, 2018, 13:33

  • ad
  • marketing
  • proposal
  • increase
  • price
• Economy

  Competitiveness Council weighs MKIKʼs proposals

  

  The National Competitiveness Council discussed proposals on strengthening competitiveness and improving foreign language instruction at a meeting on Tuesday, Minister of Finance Mihály Varga, who also sits on the Council, said at a press conference.   

   Wed, June 27, 2018, 13:45

  • competitiveness
  • council
  • proposal
  • varga
  • language
  • mkik
• Finance

  Erste pays state HUF 6 bln dividend on 2017 earnings

  

  Erste Bank Hungary has transferred dividends on 2017 earnings to its major shareholders, in line with their 15% stakes acquired in 2016. State-owned development finance institution Corvinus Zrt. and the European Bank for Reconstruction and Development (EBRD) each received HUF 6 billion, Erste told state news wire MTI on Monday.   

   Tue, June 26, 2018, 12:04

  • erste bank
  • earnings
  • dividend
  • state
  • ebrd
• Business

  Zwack board proposes HUF 1,050 per-share dividend

  

  The board of spirits maker Zwack Unicum will propose to shareholders payment of a HUF 1,050 per-share dividend on earnings from the business year ending March 31 at the firmʼs annual general meeting scheduled for June 27, 2018.   

   Thu, May 24, 2018, 13:36

  • zwack
  • spirits
  • dividend
  • profit
  • earnings
• Politics

  EC rule of law proposal threatens funding to Hungary

  

  The European Commission has unveiled a proposed mechanism to protect the EU budget from financial risks linked to "deficiencies regarding the rule of law" in member states. The mechanism would allow the EU to "suspend, reduce or restrict access" to EU funding "in a manner proportionate to the nature, gravity and scope of the rule of law deficiencies."

   Thu, May 3, 2018, 11:05

  • european commission
  • eu
  • rule of law
  • proposal
  • funding
  • juncker
• Economy

  Chamber, MNB submit economic policy proposals

  

  The Hungarian Chamber of Commerce and Industry (MKIK) and the National Bank of Hungary (MNB) have together produced a package of proposals for the government to consider when it drafts its new strategy for economic policy, daily Magyar Idők reported on Wednesday, cited by state news wire MTI.   

   Wed, Apr. 18, 2018, 11:42

  • mkik
  • mnb
  • central bank
  • economic policy
  • proposal
  • government