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János Lázár recommends reduction of advertising tax

Prime Minister’s Office, February 4, 2015 1:00 PM

Minister in Charge of the Prime Minister’s Office János Lázár is recommending a reduction of the advertising tax and a switch to a single rate instead of the current tiered system. The Minister did not provide information as to what the new flat rate may be, but in his statement to Hungarian news agency MTI, he cited the Austrian advertising tax on several occasions as being the highest in Europe.

Hungary condemns the killing of the Jordanian pilot

Ministry of Foreign Affairs and Trade, February 4, 2015 11:20 AM

Hungary strongly condemns the barbaric killing of the Jordanian Air Force pilot Moaz Al-Kassasbeh by the terrorist organisation ISIS.

Angela Merkel in Budapest – there was no tension during the negotiations

Ministry of Foreign Affairs and Trade, February 3, 2015 5:45 PM

Prime Minister Viktor Orbán had a negotiation with Chancellor of Germany Angela Merkel in Budapest on Monday which took place in a friendly atmosphere, and there was no tension whatsoever between the two parties during the discussion, said Péter Szijjártó on Monday in the TV programme ‘Public Speaking’ (“Közbeszéd”) of the Hungarian public television channel Duna TV.

Hungary and U.S. sign social security agreement

Ministry of Human Capacities, February 3, 2015 5:32 PM

U.S. Ambassador to Hungary Colleen Bell and Hungarian Minister of Human Capacities Zoltán Balog signed an agreement on Tuesday in Budapest regulating social security issues between the two countries.

Successful Hungarian-U.S. economic cooperation

Ministry of Foreign Affairs and Trade, February 3, 2015 4:40 PM

The economic cooperation between Hungary and the United States plays an extremely important role in the continuous growth of Hungary’s economic performance, Péter Szijjártó emphasised at the opening ceremony of the new wheel manufacturing plant of Alcoa Hungary in Székesfehérvár.

Linamar’s HUF 5bn investment project presented in Orosháza, South-Eastern Hungary

Ministry of Finance, February 3, 2015 1:47 PM

In Orosháza, at the opening ceremony for presenting the expanded production facility and new machinery of Linamar Hungary Ltd, a subsidiary of the Canada-based Linamar Corporation, Minister for National Economy Mihály Varga announced that the investment project will create 150 new jobs.

Law on conversion of forex loans and fair banks enters into force

Ministry of Finance, February 3, 2015 11:10 AM

As of 1 February, the law on the conversion of forex loans into forint-denominated instruments enters into force. The provision fixes conversion rates at CHF/HUF 256.47, EUR/HUF 308.97 and JPY/HUF 2163. The law on fair banks defines stricter conditions for unilateral changes in interest rates, charges and fees.

French President thanked Viktor Orbán for his solidarity and sympathy

The Prime Minister, February 3, 2015 8:46 AM

French President Francois Hollande thanked Prime Minister Viktor Orbán for his participation at the Paris memorial march on 11 January and for standing with the French people after the terror attacks.

Germany is part of the present and future of Hungary

The Prime Minister, February 2, 2015 6:09 PM

The successful Hungarian-German economic relationship in recent years is the proof that Germany is and will be part of the Hungarian present and future –Prime Minister Viktor Orbán said at his joint press conference with German Chancellor Angela Merkel.

Viktor Orbán offered his condolences over the murder of the Japanese hostages

The Prime Minister, February 2, 2015 6:00 PM

Prime Minister Viktor Orbán offered his condolences and expressed his sympathy over the brutal killings of the two Japanese hostages captivated by the Islamic State in a letter written to his Japanese counterpart.