Hungary will gradually introduce a flat-rate personal income tax from January 2011, Prime Minister Orban said in a television interview late Monday, dismissing reports the government wants to delay the introduction.
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Parliament voted late on Thursday on legislation introducing an extraordinary levy on the financial sector.
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The London-based Europen Bank for Reconstruction and Development (EBRD) raised its growth forecast for Hungary for this year while it decreased its estimates for Eastern Europe on average.
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Hungary's main objective is to strike an agreement with the European Union on its finances, Prime Minister Viktor Orban told a news conference on Thursday in Budapest.
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Hungary will be able to implement its strategy for the future if it can broaden its room for manoeuvre with the creation of financial independence, National Economy Minister Gyorgy Matolcsy said at a meeting of the Economic and Social Council on Thursday.
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US-based generic drug maker Mylan is spending EUR 67m on a packaging plant in the Hungarian city of Komarom, National Economy Ministry state secretary Zsolt Becsey said at a press conference in Budapest on Thursday.
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The government's economic action plan is enough to achieve this year's deficit target, National Development Minister Tamas Fellegi said when asked about the scale of austerity measures needed to meet the deficit targets for 2010 and 2011 in an interview published in the new issue of weekly Heti Valasz.
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Hungary will draw up its 2011 budget based on talks with the EU, not the IMF, Prime Minister Viktor Orban said at a press conference with German Chancellor Angela Merkel in Berlin on Wednesday.
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Philips is to expand operations in Hungary to include production of 3D television sets at its plant in Szekesfehervar and energy-efficient LED lighting fixtures at its unit in Tamasi, Benedikt Laux, the Dutch company's manager in charge of the CEE region told business daily Világgazdaság.
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Hungary will meet its deficit target of 3.8pc of GDP in 2010, but this is the only concrete expectation which the country must fulfill under its agreement with the IMF, Prime Minister Viktor Orban said on the sidelines of a meeting of Visegrad Four heads of government in Budapest on Tuesday.
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