Posted by Cillian O'Donoghue on November 13, 2010
Firms seeking outside help as Hungarian government considers increasing taxes until 2014. This week the federation of German industries ‘fiercely criticized’ the Hungarian governments’ crises taxes according to a report by Hungarian news agency MTI. The reports based on a piece in German newspaper Frankfurter Rundschau claims that German companies feel the taxes are discriminatory [...]
Posted by Cillian O'Donoghue on November 9, 2010
Party to dilute plans against Constitutional Court but further backdate parachute payments The Fidesz led motion to limit the clout of the Constitutional Court in budgetary matters could be modified, constitutional chairman Istvan Balsai told reporters (Nov. 5). The tweaks are likely to mean that the courts powers to review budget matters, taxes and stamp [...]
Posted by Cillian O'Donoghue on November 4, 2010
Hundred’s of protesters gathered in front of the Constitutional Court on Wednesday ( Nov.3) to protest against Fidesz’s plans to curb the power of the Constitutional Court in Budgetary matters in a protest initiated by Liberal/ Green Party Politics Can be Different (LMP) party. Speaking to the crowd party leader Andras Schiffer said ‘ It is [...]
Posted by Cillian O'Donoghue on November 1, 2010
As Hungary prepares for the upcoming EU Presidency one interesting development this week was Foreign Minister Janos Martonyi’s comments to MTI news agency that Hungary unambiguously and firmly supports Turkish accession to the EU. In a press Conference after a meeting with Turkey’s chief EU negotiator Egemen Bagis Mr. Martonyi further added that Hungary would [...]
Posted by Cillian O'Donoghue on October 30, 2010
This week the Constitutional court rejected as unconstitutional a law passed in June earlier this year that would apply a 98% tax to all public service severance payments over 2 m forints ($ 10,000). The court’s decision is the first since Fidesz stormed to power in April with a 68% parliamentary majority and is seen [...]
Posted by Cillian O'Donoghue on October 6, 2010
In this week’s Hungarian Municipal elections the ruling Fidesz party swept the board. The elections follow the pattern on April’s parliamentary elections where Fidesz trounced the Social Democrats gaining over two-thirds of the seats in the process. This week I caught up with Hungarian political analyst Igor Breitner to discuss the Fidesz phenomenon . In part [...]
