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The government is preparing an action plan to make Hungary more attractive for investments, Minister of Foreign Affairs and Trade Péter Szijjártó told an AmCham business forum in Budapest on Friday, as reported by state news wire MTI.
Szijjártó said the government, as before, welcomes recommendations from AmCham members. He added that he will meet with Minister for Innovation and Technology László Palkovics at the end of the month to finalize the plan based on the proposals, which they will then forward to the government.
The Hungarian government is against unifying tax rates in the European Union as it encourages irresponsible economic policies. Hungary will therefore fight such plans, Szijjártó noted.
It is in Hungaryʼs interest for trade to be as free and equal in conditions for everyone as possible, the minister said, adding that he hopes that ongoing international trade disputes would be resolved.
In the current global environment, Hungary must redouble efforts to improve its competitiveness, Szijjártó observed. Further tax cuts and steps supporting the advance into the next global economic era serve this goal, he said.
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Transport ministers of the Visegrád Group - Hungary, the Czech Republic, Poland and Slovakia - have agreed to draw up a feasibility study for the construction of an express railway connecting their countries, Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó told state news wire MTI Wednesday in Krynica, Poland.
Tax and legal services firm Andersen Global and Hungarian tax consulting company OrienTax have signed a collaboration agreement paving the way to Andersenʼs further expansion in the region
Hungary has achieved 7th place in IBM’s Global Location Trends report based on the number of jobs created in a country by foreign direct investment (FDI) relative to the size of the country’s population, Tamás Menczer, deputy state secretary at the Ministry of Foreign Affairs and Trade, said at a press briefing Tuesday.
The establishment of an interconnector with reverse-flow capability could allow Hungary to buy gas from Croatia by the end of 2019, according to Minister of Foreign Affairs and Trade Péter Szijjártó.
Fitch Ratings affirmed Hungary’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at "BBB-", just over the investment grade threshold, in a scheduled review on Friday.
Minister of Foreign Affairs and Trade Péter Szijjártó has summoned the Swedish Ambassador after recent critical statements of Hungary by several Swedish ministers in relation to Hungarian migration policy.
The expansion of investments in the national economy continued in the 2nd quarter, growing 15% year-on-year. Investments grew in almost the whole of Hungary’s economy, the Central Statistical Office (KSH) reported.
Hungarian poultry company Master Good Kft. plans a HUF 15 billion capacity expansion at its base in Kisvárda (NE Hungary), Minister of Foreign Affairs and Trade Péter Szijjártó said on Monday. The government is supporting the investment with a HUF 3.4 bln grant.
Private equity and venture capital investment in companies in Central and Eastern Europe (CEE) reached a record USD 3.5 billion in 2017, according to new data from Invest Europe, the association representing Europe’s private equity, venture capital and infrastructure sectors, as well as their investors.
Improved tax morale that comes with measures the government has taken to crack down on tax evasion, such as the introduction of online invoicing, could bring Hungaryʼs tax gap under 10%, Minister of Finance Mihály Varga told state news agency MTI.
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