Croatian oil and gas company INA, a subsidiary of Hungarian peer MOL, will purchase Eni Croatia BV from the Italian Eni Group, thus becoming sole owner and operator of the Northern Adriatic and Marica offshore gas fields, according to a MOL announcement on the website of the Budapest Stock Exchange (BÉT).
A bill submitted by the government to Parliament late Tuesday would raise the revenue threshold for the Small Business Tax (KIVA) and phase out the Simplified Business Tax (EVA). The bill was among a plethora submitted during the day, affecting real estate investment trusts (REITs), late payments, bank transfers and other areas.
The growth rate of the Hungarian economy may fluctuate in the future as the government focuses on cutting the deficit significantly and going on with debt reduction. This announcement might come as something of a surprise, as the finance minister earlier said that improving competitiveness is the number one task for the newly elected government.
The Monetary Council of the National Bank of Hungary (MNB) decided to keep the central bankʼs key rate on hold at 0.90% at its monthly policy meeting on Tuesday. There are indications, however, that it will not be maintained much further.
The Reuters Institute for the Study of Journalism has released this yearʼs edition of its Digital News Report. With the majority of mainstream broadcast and print media outlets influenced by government agendas, digital news sources have become increasingly important in Hungary, the report says.