Hungary may raise a special tax on pharmaceutical companies to 18 percent from 12 percent, Napi Gazdasag reported, citing a document it obtained.
Hungary is preparing to cut staff levels at budget-funded institutions by 5 percent and at supporting institutions by a further 10 percent, Napi Gazdasag reported, citing Jozsef Feher, secretary-general of the Hungarian Civil Servants Association.
Hungarian lenders may be able to use fresh loans to small and medium-sized enterprises to reduce their bank-tax liability by as much as 15 percent, Napi Gazdasag reported today.
Hungarian state-owned electricity wholesaler MVM Zrt. may represent the country in talks on imports of Russian gas if it takes over the local gas unit of Germany’s E.ON AG, Napi Gazdasag reported.
Hungarian public institutions’ debt rose to a record 40.1 billion forint ($192.5 million) by the end of November, Napi Gazdasag reported.
The Hungarian government expects the economy to expand 0.6 percent this year after a previous projection for a 0.2 percent decline, Napi Gazdasag said, citing an Economy Ministry forecast.
OTP Bank Nyrt. , Hungary’s largest lender, may propose paying a dividend to shareholders in 2011 after a three-year break, Chairman and Chief Executive Officer Sandor Csanyi told Napi Gazdasag .