Post Tagged with: "Mihály Varga"

Due to the acute labour shortage, the Budapest Transportation Company has had to post ads on all of its buses, informing passengers all of the benefits they can count  on and a net starting salary of 200,000 forints if they decide to become a bus driver.

Wages increase by 14% in Hungary, with inflation at only 2.3%

Hungarians are seeing a major increase in their wages, with the average gross monthly salary now standing at 297,000 forints, or US$1,154. This represents a 14.4% increase compared to 2016 figures released by the Central Statistical Office (KSH). Inflation in Hungary is at just 2.3%. The bulk of the increase is connected to the 15% to 25% rise in the […]

by · August 22, 2017 · Politics
Júlia Halász of 444.hu

Fidesz politician physically assaults journalist at anti-Soros hate-fest

During one of many party forums in Budapest, where National Economy Minister Mihály Varga and National Defence Minister István Simicskó were tasked with explaining the dangers of “the Soros network,” under a screen that read “let’s stand up for Hungary” and an unflattering photo of George Soros, a journalist was assaulted by a local Fidesz politician. Júlia Halász of the […]

by · May 5, 2017 · Politics
Viktor Orbán on November 17th. Photo: MTI.

Orbán slashes corporate capital gains tax to 9% — Hungary to offer lowest tax rate in Europe

The Orbán government surprised the business world on Thursday, including the National Alliance of Employees and Employers, when it declared without any prior consultation that the country’s capital gains tax would be slashed from 19% to just 9% in 2017. Hungary’s dramatically reduced corporate tax rate of 9% makes it even more appealing than the already low corporate taxes paid […]

by · November 17, 2016 · Politics
Mihály Varga, luckiest Finance Minister in Central & Eastern Europe.

Luckiest Finance Minister in Central & Eastern Europe – Mihály Varga

Hungary’s economy minister Mihály Varga has been named “Finance Minister of the Year, Central and Eastern Europe 2015” by London-based Euromoney Emerging Markets magazine. Government media in Budapest and the Hungarian Embassy in Washington are praising Mr. Varga and the ruling Fidesz party is elated by Euromoney’s choice. Is this another example of Prime Minister Orbán’s successful economic policy? Many […]

by · October 15, 2015 · Politics