Practically all foreign currency loan contracts will have to be converted into forint denominated loans, Government Spokesperson Zoltán Kovács said at a press conference on Monday. He also said that an agreement is yet to be reached on the interest rates of converted loans.
“Hungary must become the region’s research and innovation centre; according to government plans, the funding provided to the sector will increase to 1.8 percent of GDP within the near future”, Government Spokesperson Éva Kurucz stressed at a press conference held jointly with the Government Commissioner responsible for tasks related to the establishment of the National Research, Development and Innovation Office.
Hungary disbursed EU funds worth HUF 1,364 billion up to 31 October 2014, which represents 93 per cent of the pro rata plan, Nándor Csepreghy, Deputy State Secretary for Development Policy Communication at the Prime Minister’s Office announced.
The Government of Hungary has welcomed with relief the fact that after 70 years, Serbian legislation has finally been introduced to rescind the law stating the collective guilt of the Hungarian population of the towns of Čurug (Csúrog), Žabalj (Zsablya) and Mošorin (Mozsor).
Employment tendencies in Hungary are good and it has been 22 years since the employment rate has been permanently over 4 million, Minister of State for Vocational Training and the Job Market Sándor Czomba said at a press conference held jointly with Government Spokesperson Éva Kurucz.
Zoltán Kovács, the Government’s international spokesperson, joined Richard Quest on CNN’s business report Quest Means Business to explain the idea behind the amendment of the telecommunications tax by shedding light on what it will really mean from the perspective of service providers and citizens.
As a strategic partner and friend of the United States, the Hungarian Government is expecting to engage in a constructive dialogue with the United States, with a view to any critical comments that may emerge, in order to discuss the ban that has been implemented to deny Hungarian nationals entry into the US, the Minister heading the Prime Minister’s Office said on Monday at the meeting of Parliament’s National Security Committee.
The Job Protection Scheme launched last January now assists the employment of more than 890,000 people and has reduced the financial burdens of employers by HUF 205 billion, Government Spokesperson Éva Kurucz announced.