Budget deficit to exceed 3.6% in 2005, says EU commissioner
Hungary's budget deficit will exceed the government's target of 3.6% of GDP in 2005, said Joaquin Almunia, EU commissioner for economic and monetary affairs speaking in Budapest on Friday.
Finance ministry expects HUF 93.1 bln budget deficit in September
The finance ministry expects the state budget to show a consolidated deficit of HUF 93.1 bln in September, state secretary Tamas Katona announced.
World Bank report: Business environment in Hungary stifled by bureaucracy
The business environment in Hungary remains heavily bureaucratic, it was revealed by the World Bank's annual Doing Business in 2006 report.
Companies pay 1.5% less corporate tax in 2004
Companies operating in Hungary were liable for a total corporate tax bill of HUF 337.6 bln (USD 1.7 bln) in the 2004 tax year, down 1.5% compared to 2003, according to consolidated figures released by Hungarian tax authority APEH.
August inflation below forecast at 3.6% y-o-y as food price drop offsets fuel hike
Consumer prices in Hungary were 3.6% higher in August 2005 than a year earlier, the Central Statistical Office (KSH) announced. Prices were down 0.4% compared to the previous month.
