Varga, EC VP discuss recommendations for Hungary

History

National Economy Minister Mihály Varga discussed recommendations the European Commission made to Hungary in May at a meeting with EC vice president Valdis Dombrovskis in Budapest yesterday, Hungarian news agency MTI reported. 

Varga said after the talks that Hungaryʼs fostered work program was a matter of debate between the government and the EC. Hungary considers the program is a success, with 13% of participants returning to the work force, he added.

The views of the government and the EC also diverge on the matter of taxation: the government does not wish to change its flat-rate, proportional tax system, since it contributes to economic growth and the expansion of employment, he said.

Some of the concerns between the government and the EC have to do with the economic growth outlook for Hungary: the government projects a 3.1% GDP growth for this year, while the EC has forecast 2.8%, he added.

ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan Debt

ÁKK Sells HUF 50 bln of Bonds at Auction, Over Plan

Hungary to Address Future of Cohesion Policy During EU Presi... EU

Hungary to Address Future of Cohesion Policy During EU Presi...

AmCham Looking for Healthcare Committee Chair HR

AmCham Looking for Healthcare Committee Chair

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.