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Employers can provide up to HUF 5 million as tax-free fringe benefit for loan repayment

Ministry for National Economy, April 3, 2014 8:39 AM

Employers can assist their employees to repay mortgages by providing HUF 5 million as tax-free fringe benefit within five years, Minister for National Economy Mihály Varga said at the opening of Construma, the international building trade exhibition, in Budapest.

Borsod County Hospital receives new wing

Ministry of Human Resources, April 2, 2014 6:24 PM

Minister for Human Resources Zoltán Balog inaugurated on Wednesday the new, 11 billion forint (EUR 35.7 million) wing of Borsod County Hospital in the northeast Hungarian city of Miskolc. The Minister said at the inauguration that the Government was aware of the county’s needs and was catering for them as best as possible.

Hungarian Consulate General in Iraq to open in second half of 2014

Ministry of Foreign Affairs, April 2, 2014 4:57 PM

Hungary's Consulate General in Erbil, Iraq, is set to open in the second half of this year, Deputy State Secretary for Global Affairs at the Ministry of Foreign Affairs Péter Wintermantel declared at the end of his two-day visit to Iraq on Tuesday.

Hungary ready to take part in OSCE mission to Ukraine

Ministry of Foreign Affairs, April 2, 2014 4:56 PM

Hungary is ready to take part in the Organisation for Security and Cooperation in Europe's (OSCE) planned monitoring mission in Ukraine, a foreign ministry spokesman said on Tuesday.

Minister Martonyi: NATO ministers see signs of political settlement in Ukraine

Ministry of Foreign Affairs, April 2, 2014 4:54 PM

Some positive signs of a possible political and diplomatic resolution to the Ukrainian crisis are beginning to emerge, Foreign Minister János Martonyi declared in Brussels where he attended a two-day meeting of NATO foreign ministers.

Hungarian-Slovakian cooperation helps SMEs reach foreign markets

Prime Minister’s Office, April 2, 2014 4:47 PM

Economic cooperation between Hungary and Slovakia plays a key role in successfully enabling Hungarian small and medium-sized enterprises to reach international markets, State Secretary for Foreign Affairs and External Economic Relations Péter Szijjártó said on Wednesday.

New €100 million investment in Sátoraljaújhely

Prime Minister’s Office, April 2, 2014 4:33 PM

Prec-Cast Ltd., based in Sátoraljaújhely, has decided to build a new, 12.000 square metre plant as the first phase of a planned investment project. State Secretary for Foreign Affairs and External Economic Relations Péter Szijjártó said at the foundation stone laying ceremony that the investment will create 300 new workplaces at one of the most important firms of the Hungarian casting industry. The company currently employs 900 people and is an important supplier to the Western European automotive industry.

Another relief measure for mortgagors

Ministry for National Economy, April 2, 2014 3:50 PM

Employers can assist their employees by providing up to HUF 5 million as tax-free fringe benefit to repay mortgages or purchase their homes, Minister for National Economy Mihály Varga said after signing the related ministerial decree.

New start-up tax package to be submitted to Parliament in autumn

Ministry for National Economy, April 2, 2014 3:24 PM

The package of measures aiming to lower tax and administrative burdens, which will make life easier for both new, innovative startups and their investors, is expected to be submitted to Parliament as early as this autumn, Minister of State Zoltán Cséfalvay said at the opening ceremony of the Central European Startup Competition, an event of Startup Spring 2014.

Minister Balog inaugurates youth hostel in Kömlőd

Ministry of Human Resources, April 2, 2014 12:09 PM

Minister for Human Resources Zoltán Balog inaugurated a 34-bed youth hostel in the northern Hungarian village of Kömlőd on Tuesday. The hostel was built in the loft of the Calvinist church dormitory. During the religious service preceding the inauguration, Mr. Balog – a Calvinist pastor himself – said that young people need communities, adding that Hungarians belong to the community of all Hungarians living within the Carpathian basin while in religious communities the accent is on the community.