Bosnia Banking – FK Leotar Thu, 30 Jun 2022 05:06:19 +0000 en-US hourly 1 Bosnia Banking – FK Leotar 32 32 Wallabies v England Game One: How to watch, tickets, teams and more | Latest rugby news Thu, 30 Jun 2022 05:06:19 +0000

The Wallabies will kick off their international series with a blockbuster three-game series against England.

It will start at Perth’s Optus Stadium on July 2 before heading to Brisbane and Sydney as Dave Rennie’s men look to end a recent winless streak against former rivals.

Don’t miss! Buy your tickets for the Wallabies three-Test series against England

As the eToro series is about to kick off, here’s everything you need to know about Wallabies v England

The Wallabies will face England on July 2 at Optus Stadium

It will be their first game in the three-game series, which then travels to Suncorp Stadium on July 9.

The series will conclude in Sydney, with both teams returning to the SCG for the first time in 47 years on July 16.

The Wallabies v England series will air on TV on Nine Network and Stan Sport.

The first Test between the Wallabies and England will be shown live on Chanel Nine on Saturday evening, with coverage starting at 7.30pm.

The blockbuster will also be ad-free, live and on demand, with extensive coverage on Stan Sport starting at 7.15pm. This will include a dedicated Wallabies camera, as well as the ability to watch via Spidercam.

New Zealand: sky sports

South Africa/Africa and adjacent islands: Super Sports

Argentina/South America/North America: ESPN


Canada: TSN

United Kingdom and Ireland (England, Scotland, Wales, Northern Ireland, Channel Islands, Isle of Man): Sky United Kingdom

France/Andorra/Monaco/Luxembourg: Canal+

Japan: wow

Peaceful: Digicel

Italy, Vatican City, San Marino and Canton of Ticino, Switzerland: Sky Italy


Asia-Pacific, Bangladesh, Bhutan, Brunei, Burma (Myanmar), Cambodia, Federated States of Micronesia, Hong Kong, Indonesia, Kiribati, Kyrgyzstan, Laos, Macau, Malaysia, Maldives, Marianas, Marshall Islands, Mongolia, Nepal, Marianas North, North Korea, Pakistan, Palau, Philippines, Singapore, South Korea, Tajikistan, Taiwan (Republic of China), Thailand, Timor-Leste, Vietnam: First sports

Africa and adjacent islands: Super Sports

List of nations under


Afghanistan, Bahrain, Iran, Iraq, Israel, Jordan, Kingdom of Saudi Arabia, China, India and Sri Lanka


Portugal, Spain, Andorra, Albania, Armenia, Austria, Azerbaijan, Belarus, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Georgia, Germany, Greece, Hungary, Iceland, Kazakhstan, Kosovo , Latvia, Liechtenstein, Lithuania, Macedonia, Malta, Moldova, Montenegro, Netherlands, Norway, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Sweden, Turkey and Ukraine

Wallabies v England, Saturday July 2, 5.55pm AWST / 7.55pm AEST at Optus Stadium, Perth

Wallabies v England, Saturday July 9, 7.55pm AEST at Suncorp Stadium, Brisbane

Wallabies v England, Saturday July 16, 7.55pm AEST at Sydney Cricket Ground, Sydney

The first Test between the Wallabies and England kicks off at 7.55pm AEST / 5.55pm AWST at Optus Stadium on Saturday July 2

Coverage will begin on Channel Nine from 7:30 p.m. AEST free-to-air.

Meanwhile, coverage will be ad-free from 7:15 p.m. AEST and will continue throughout the game on Stan Sport.

There are still a number of tickets available for the first Test between the Wallabies and England.

Tickets are selling out fast as the Wallabies look to start their 2022 international calendar on a strong note

Click here to buy tickets for the first test

WALLABIES (1-15): Angus Bell, Dave Porecki, Allan Allalatoa, Darcy Swain, Cadeyrn Neville, Rob Leota, Michael Hooper (c), Rob Valetini, Nic White, Quade Cooper, Marika Koroibete, Samu Kerevi, Len Ikitau, Andrew Kellaway, Tom Banks

Reservations: Folau Fainga’a, Scott Sio, James Slipper, Matt Philip, Pete Samu, Jake Gordon, Noah Lolesio, Jordan Petaia

Click here for all your team news for the Wallabies

ENGLAND (1-15): Ellis Genge, Jamie George, Will Stuart, Maro Itjoe, Jonny Hill, Courtney Lawes (c), Tom Curry, Billy Vunipola, Danny Care, Marcus Smith, Joe Cokanasiga, Owen Farrell, Joe Marchant, Jack Nowell, Freddie Steward

Reservations: Luke Cowan-Dicke, Mako Vunipola, Joe Heyes, Ollie Chessum, Lewis Ludlam, Jack Van Poortvliet, Guy Porter, Henry Arundell

Interest rates are rising, there will be no change in fixed interest rate loans Mon, 27 Jun 2022 09:00:31 +0000

The European Central Bank (ECB) has announced that it will raise its key rates next month to curb inflation, that is why many citizens fear higher interest rates and higher loan repayments. The Banking Branch of the Federation of Bosnia and Herzegovina (FB-H) indicates that changing the interest rate and payment plan is only possible for previously agreed credit agreements that include the possibility of changing the rate of interest.

Before establishing a contractual relationship, they explain, the bank is required to inform the customer of the details of any changes.

In addition, the lender is required to provide all necessary information on the evolution of the level of interest rates during the term of the arrangement.

Taking into account the information available and the expectations regarding the interest rates, the Agency further clarifies that, in addition to the fact that the possibility of changing the interest rate is foreseen when drawing up the contract, changes in the rate benchmark interest rates should not compromise the creditworthiness of most customers.

What will happen to loans contracted at a fixed interest rate?

Regarding citizens’ fear of a possible growth in the monthly loan payment, the Banking Agency of the FBiH notes that loans previously taken out with a “fixed” interest rate will not be exposed to the risk of changes in interest rates. reference interest.

The ability to mitigate the effects of interest rate changes later in the year

The continued stability and liquidity of our banking system indicates the possibility of mitigating the effects of changes in interest rates later in the year. According to current knowledge, growth in the level of benchmark interest rates in the European Union (EU) and the euro area should be maintained at an acceptable level which will not jeopardize the growth of the economies of the Union nor lead to a recession, they say of the Agency and add that reliable ranges or forecasts of the effects of ECB measures are not available.

When asked what will happen to existing loans, those with an exchange clause in euros and in national currency, the Agency replies that under the conditions of the “currency board”, the interest rates are not linked to the currency of the loan, if it is euros and BAM.

The ECB is still seen as having limited leeway to implement measures and raise interest rates to levels that will not drive major EU economies into recession or cause the fragmentation effect of interest rates between EU and euro area members. In addition to focusing on inflation-related risks at this time, halting expansionary monetary policy and encouraging low benchmark rates was announced as the pandemic approached,” added the agency.


Kaliningrad at the center of a new crisis between Russia and the West Fri, 24 Jun 2022 19:48:21 +0000

SARAJEVO, Bosnia and Herzegovina

The Russian semi-enclave of Kaliningrad, located on the Baltic Sea and separated from the mainland by Lithuania, Latvia and Belarus, has triggered a new crisis in the region.

Lithuania’s decision to block the transit of some goods on the EU sanctions list to Kaliningrad through its territory has once again brought Russia and the West face to face even as the war in Ukraine continues to rage. rabies after four months.

While Russia can reach Kaliningrad via the railway over Lithuania, the region surrounded by NATO members has been at the center of discussions in recent days.

A strategic and military asset of Russia, Kaliningrad is also the only Russian port on the Baltic ice-free all year round.

Kaliningrad was previously part of Germany until the end of World War II. Since then it has been an isolated Russian province.

Currently, Russia has deployed nuclear-capable missiles in the region of 223 square kilometers (86 square miles).

After NATO member Lithuania blocked the transit of such goods to Kaliningrad, Russia warned that its response could be harsh.

Lithuanian Foreign Minister Gabrielius Landsbergis said last week that Vilnius was not acting on its own, noting European Commission guidance on sanctions in place since June 17.

Coal, metal, construction and technology materials are on Lithuania’s sanctions list, which is under the protective umbrella of NATO.

In a series of statements, Moscow also criticized the country’s rail transit restrictions from Russia to its semi-enclave.

Meanwhile, the United States lent its support to Lithuania, saying an attack on a NATO member would be considered an attack on the entire alliance.

Most rail transit between Russia and Kaliningrad passes through Belarus and Lithuania.

The EU has imposed six rounds of sanctions against Moscow since Russia began its war in Ukraine on February 24.

The packages target, among others, Russian President Vladimir Putin and Foreign Minister Sergei Lavrov and include a ban on oil and coal imports and exports of luxury goods. They also exclude Russian and Belarusian banks from using the international SWIFT system.

*Written by Jeyhun Aliyev from Ankara

The Anadolu Agency website contains only part of the news offered to subscribers of the AA News Broadcast System (HAS), and in summary form. Please contact us for subscription options.

]]> 14 things to know before you go to Dubrovnik Tue, 21 Jun 2022 13:36:28 +0000

Magnificent Dubrovnik combines a UNESCO-listed heritage with green nature, a beautiful coastline with fascinating villages, an exciting history with game of thrones-pop culture oriented and a plethora of options with a laid back vibe.

In the far south of Croatia, Dubrovnik is cut off from the motherland by a small corner of Bosnia and Herzegovina which cuts the Croatian coast in two, and it is also the last city in the country before Montenegro. Within these international borders, Dubrovnik was once an independent republic, and today it is the beating heart of an exciting region that demands more than just a mini-break.

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Climb Srđ Hill for dazzling panoramas that showcase Dubrovnik beyond its historic center © Samantha Ohlsen / Alamy Stock Photo

Plan to see more than the Old Town and spend some time

Many visitors to Dubrovnik make the mistake of thinking that there is nothing more to the city than the whitewashed walled city. This Unesco World Heritage Site is the symbol of the city and a must-see for travelers from all over the world.

Spend a day or two exploring the network of stone streets and admiring the fascinating sights, from palaces, towers and churches to the backdrops of King’s Landing. Marvel at the carpet of terracotta roofs of the city walls, then head up Srđ Hill for dazzling vistas that showcase Dubrovnik beyond its historic center.

In Gruž Bay, the port, you can browse the green and fish markets, travel back to Yugoslavian times at the Red History Museum and dance to DJ beats at Dubina Club. Watch colorful sunsets from the Lapad Bay waterfront and snorkel at one of the many pebble beaches.

Board a ferry to the neighboring island of Lokrum or venture to the serene island of Mljet and its forested national park. Sip a bold red in the vineyards of the Pelješac Peninsula and learn about the folklore of the Konavle Valley, while indulging in the laid-back local lifestyle.

A red car driving on a winding road with the red roofs of Dubrovnik in the distance
To avoid hassle and disappointment at the border, start your planning by checking entry requirements first © Dallas and John Heaton / Getty Images

Beware of borders

If you’re driving from Split to Dubrovnik, or if you’re planning to visit the Ottoman gem of Mostar, you’ll need to cross the border into Bosnia and Herzegovina, and visiting beautiful Kotor requires crossing the border into Montenegro.

Keep in mind that Croatia is a member of the EU, but not of the Schengen area, so your Croatian visa will not allow you to enter the Schengen countries or its neighboring countries. To avoid hassle and disappointment at the border, start your planning by first checking the entry requirements.

For a hassle-free trip from Split to Dubrovnik, consider swapping the wheels for a catamaran like Krilothen from island to island along the way.

Have fun sorting your wallet

Although a member of the EU, Croatia does not use euros. The local currency is called Kuna (meaning “martens”) and the cents are called lips (elderberry). You can withdraw local currency at the many ATMs around Dubrovnik and exchange at banks, post and exchange offices and at the airport.

But if you plan to visit Montenegro, bring euros – it’s not an EU member, but Montenegro has been using the currency since 2006.

Beachwear, non-slip shoes and diapers are the key to smart packing

The people of Dubrovnik dress casually, but stylishly. Your suitcase should contain summer classics, from airy shorts and dresses to everything sun and beach related, from swimsuits and flip flops to hats, sunglasses and sunscreen. Don’t forget to pack a light scarf and rain jacket for windy evenings and summer showers.

In September and October, layers that account for wind and rain are the way to go. At all times, bring non-slip shoes, as the shiny limestone streets are notorious for being slippery in the slightest drizzle.

Book accommodation and restaurants in advance

Arriving in Dubrovnik spontaneously and hoping to find accommodation in high season is almost a recipe for disaster. Small and popular, Dubrovnik is easily busy and fully booked, especially in luxury hotels and popular private accommodation.

Ditto for popular restaurants: if your palate yearns for a certain spot, book a few days in advance to avoid disappointment, except for the Michelin-starred 360°, which must be booked a month in advance.

Summer scene of the main street (Stradun or Placa), with locals, tourists and a woman eating an ice cream cone
Swap the drive for a walk – compact and scenic, Dubrovnik is very walkable © DarioZg / Shutterstock

Walk or take a bus, but never drive to the Old Town

A single-lane road leads to the old town, and at its end scarce and expensive parking spaces are very unlikely to be available. So swap the car journey for a walk or a bus ride: compact and picturesque, Dubrovnik is very walkable, and the public bus network covers the city’s neighborhoods very well.

In the Old Town, keep your clothes on and watch your manners

While it’s easy to confuse all of Dubrovnik with a beach, the Old Town is a bustling neighborhood with schools, churches, and institutions, so stay respectful at all times.

An authentic recreation of Cersei’s Walk of Shame may look fun, but visitors to the Old Town are expected to remain fully clothed at all times. If you visit churches, honor the sacred space by covering your shoulders and removing your hat. Refrain from using your phone and turn off your ringer, and never sight-see during service.

Be attentive when asking questions about the war

Yugoslav attacks and bombings from 1991 to 1992 left Dubrovnik shattered and deeply hurt. This is not a subject to be broached lightly; you can ask questions in a respectful way, but know that some people prefer not to talk about it.

Enjoy the gay bar, but skip the PDA

One of the most LGBTIQ-friendly Croatian cities, Dubrovnik has an unofficial gay beach on Lokrum Island and its first official gay bar, Milkwhich opened in May 2022. While warm and welcoming, Dubrovnik is also a devout Catholic city, so avoid public displays of affection.

People at Rector's Palace on Stradun Street in Dubrovnik Old Town, Croatia
The Dubrovnik card gives access to the city walls and museums like the Rector’s Palace © Roman Babakin / Shutterstock

Get a Dubrovnik Card

Many find the prices for attractions around Dubrovnik to be higher, but the Map Dubrovnik gives access to the main tourist sites, as well as free bus tickets and discounts in shops and restaurants. Depending on whether you opt for a one-day, three-day or seven-day card, it will include entry to the city walls and museums like the Rector’s Palace or the Franciscan Pharmacy, as well as discounts for Lokrum and the island of Mljet.

Pay by card but tip cash

Tipping is not mandatory, but is generally expected and greatly appreciated. In restaurants, the magic number is around 10%, while in bars, you can round up the bill.

Outside of the Amex, credit cards are widely accepted, but you’ll need to carry cash for tips, as it’s rarely possible to add it to the credit card statement. Don’t be surprised when you’re asked if you’re paying in cash or by card before you see the bill; The Croatian tax authorities require this information to be entered before the invoice is printed.

Feed your espresso and avoid takeaway cups

Croatians take their coffee seriously. It’s a favorite local pastime and social ritual, so if you’re invited for coffee, try not to pass. Whether you’re having an espresso or bijela kava (latte), drink it slowly and never take it from a to-go cup.

Ditch the bottled water and fill the fountains

Tap water is drinkable in Dubrovnik, and in the Old Town you can refill your bottle at fountains, like Onofrio’s, with the freshest water available.

Relax and enjoy, but use common sense

With a tight-knit community and generally well-lit areas, Dubrovnik remains a very safe city, day and night. Although hard crime is low, use common sense when in crowds as pickpockets do show up on occasion.

Intesa Sanpaolo: strategic agreement with Nexi relating to the acquisition of activities in Croatia Fri, 17 Jun 2022 15:23:07 +0000




Turin, Milan June 17, 2022 – Intesa Sanpaolo announces that it has further strengthened its partnership with Nexi, an international leader in merchant acquiring, in order to broaden the areas of collaboration. The latest agreement will allow the development of the activities of both partners in Croatia.

The agreement, which follows transactions that involved the sale to Nexi by Intesa Sanpaolo and UBI of their respective acquisition businesses, provides:

  • the sale to Nexi of the acquisition activity of PBZ Card doo, a Croatian subsidiary of the Intesa Sanpaolo group which falls within the scope of the International Subsidiary Banks Division;
  • the expansion of the exclusive long-term partnership linked to the acquisition of merchants, in place in the context of the previous transactions, which positions Nexi as the exclusive partner of Intesa Sanpaolo, while the latter maintains its direct relations with its customers and distributes the services of acquisition of Nexi.

Intesa Sanpaolo Group will receive gross consideration of €180 million for the sale of the PBZ Card doo acquisition business. The completion of the transaction, expected by the end of the year, is subject to obtaining the usual authorizations from the competent authorities.

The transaction allows Intesa Sanpaolo to derive greater value from the acquisition activity that is conducted internally today, and provides an additional focus on distribution within the International Subsidiary Banks Division.

Deloitte Financial Advisory assisted Intesa Sanpaolo as industry advisor and for financial due diligence activities. Studio PwC TLS Avvocati e Commercialisti acted as legal, regulatory and tax advisor. Mediobanca Banca di Credito Finanziario acted as sole financial advisor.

Intesa San Paolo

Intesa Sanpaolo is the leading Italian banking group – serving families, businesses and the real economy – with a significant international presence. Intesa Sanpaolo’s distinctive business model makes it a European leader in wealth management, protection and advisory, with a strong focus on digital and fintech. An efficient and resilient bank, it benefits from its 100%-owned product factories in asset management and insurance. The Group’s strong ESG commitment includes the granting of 115 billion euros in impact loans by 2025 to communities and for the green transition, and 500 million euros in contributions to support the most deprived,

position Intesa Sanpaolo as a global leader in terms of social impact. Intesa Sanpaolo has committed to reaching Net Zero by 2030 for its own emissions and by 2050 for its loan and investment portfolios. A committed patron of Italian culture, Intesa Sanpaolo has created its own network of museums, the Italy Galleryhome to the bank’s artistic heritage and a place for prestigious cultural projects.

International Subsidiary Banks Division

Intesa Sanpaolo benefits from an extensive international presence through the banks of the International Subsidiary Banks division, which manages 11 commercial banks, with a combined total of more than 900 branches and 7 million customers, in 12 countries in Central and East and Middle East and North. Africa. Through the Division’s banks, the Intesa Sanpaolo Group ranks first in Serbia, second in Croatia and Slovakia, fourth in Albania, fifth in Bosnia and Herzegovina, Egypt and Slovenia, and sixth in Moldova and Hungary.

Media Relations

Intesa San Paolo

Corporate and investment banking and areas of governance




The Isola del Cinema returns to the banks of the Tiber, supportive, sustainable and twinned with Paris Tue, 14 Jun 2022 15:43:56 +0000

– Rome’s long-running summer film festival, now in its 28th edition, returns to its usual physical form on Tiber Island between June 16 and September 3

A previous edition of Isola del Cinema

More open to the world, inclusive, sustainable and fortified by its Time Out rating as one of the most scenic arenas in the world, Isola del Cinema – International Film and Culture Festival – the longest running summer film event in Rome, now in its 28th edition – returns in person to its usual base, Tiber Island, from June 16 to September 3. It is an eighty-day program intended to showcase the latest hits from the last cinematic season, as well as pay tribute to directors and actors (including Monica Vitti, Pier Paolo Pasolini, Vittorio Gassman and Ugo Tognazzi), meetings with Italian and international guests, conferences, masterclasses and other artistic events (music, photography, poetry, virtual reality), all with the aim of zero impact on the environment.

(The article continues below – Commercial information)

New this year, the twinning of the festival with Paris, which will inaugurate two simultaneous events in the two European capitals: New Wave on the Tiber, which will make available to Isola spectators New Wave films and modern works, and Dolcevita- Sur-Seine, taking place from July 9 to 13 on the Parisian quays, which will host the first Parisian retrospective of Carlo Verdon, among other events. This is the first stage of a larger plan called Rivers of Europe which aims, as explained by the founder and president of Isola del Cinema Giorgio Ginori, “to connect the European cities that have developed along the waterways and, in the long term, to involve all of the 27 European countries in this network”. The full program for the festival’s first pairing will be unveiled on June 29 at a press conference in Paris.

Meanwhile, the most anticipated parties taking place in Rome in June include those dedicated to Panic [+see also:
film review
interview: Gabriele Mainetti
film profile
by Gabrielle Mainetti and to Diabolical [+see also:
film review
film profile
speak Manetti Brothers., in the presence of their respective directors. Likewise in the headliners we will find God’s hand [+see also:
film review
interview: Paolo Sorrentino
film profile
by Paolo Sorrentino, Marx can wait [+see also:
film review
film profile
by Marco Bellocchio, Little mom [+see also:
film review
film profile
by Celine Sciamma, spencer [+see also:
film review
film profile
by Pablo Larrain, The inner cage [+see also:
film review
interview: Leonardo Di Costanzo
film profile
by Leonardo Di Costanzo, Gli idols delle donne [+see also:
film profile
by Lillo and Greg, Swing [+see also:
film review
interview: Chiara Bellosi
film profile
by Chiara Bellosi, Alcarras [+see also:
film review
interview: Carla Simón
interview: Giovanni Pompili
film profile
by Carla Simon and Licorice Pizza by Paul Thomas Anderson.

Isola Mondo (“International Island”), a program developed in collaboration with embassies and cultural institutes which has hosted and presented the best of international cinema since 1995, will this year focus on England, as a tribute to the director and screenwriter Claire Peploe, as well as Brazil, Japan and Cuba. The Europe Cinema section, for its part, includes The worst person in the world [+see also:
film review
interview: Joachim Trier
film profile
by Joachim Treves, To run away [+see also:
film review
interview: Jonas Poher Rasmussen
film profile
by Jonas Poher Rasmussen, Titanium [+see also:
film review
interview: Julia Ducournau, Vincent Li…
film profile
by Julia Ducournau, Full time [+see also:
film review
interview: Eric Gravel
film profile
by Eric Gravel, Belfast [+see also:
film review
film profile
by Kenneth Branagh and Parallel mothers [+see also:
film review
making of
film profile
by Pedro Almodóvar.

As for Italian cinema, nine summer Mondays will be devoted to the directorial debuts of the filmmakers and filmmakers of the last two cinematic seasons, who will then compete for the first and second prize of the works, renamed OPS!. Dario Albertinithe second movie Anima bella [+see also:
film profile
scheduled for June 20, should kick off, with other titles on the program including September [+see also:
film review
film profile
by Giulia Steigerwalt, small body [+see also:
film review
interview: Laura Samani
film profile
by Laura Samani, Una femmina – The code of silence [+see also:
interview: Francesco Costabile
film profile
by Francesco Costabile, The history of the king crab [+see also:
film review
interview: Alessio Rigo de Righi and M…
film profile
by Alessio Rigo de Righi and Matteo Zoppis, and The miracle child [+see also:
film review
film profile
by Silvia Brunelli. The winner of the People’s Choice Award is to be announced at the end of the summer.

FSR – Fuoco sul Reale (“Focus on Reality Film”) will present a series of Italian and international documentaries, opening the new season on June 18 with Massimo d’Orziit is Bosnia Express [+see also:
film profile
before pressing with Francesca Borghettithe documentary Climb Iran [+see also:
film profile
. Finally, the European Women Filmmakers section, which is in its fifth edition, will devote a focus to female directors from the Czech Republic.

(The article continues below – Commercial information)

(Translated from Italian)

bne IntelliNews – Hungary launches investigation against Ryanair after airline says it will pass on windfall tax Mon, 13 Jun 2022 07:12:32 +0000

Hungary ordered an immediate consumer protection investigation against Ryanair on June 10, a day after the low-cost airline announced it would pass new windfall taxes on consumers.

Authorities will undertake a thorough investigation with a view to respecting consumer rights and preventing the airline’s unfair business practices to the extent possible, the statement said.

The Hungarian government has levied new exceptional taxes for a period of two years on the banking, insurance, energy, retail, telecommunications and pharmaceutical sectors, in addition to airlines , to fill the gaping hole in the budget.

The decree obliges airlines to pay a contribution of 3,900 HUF (9.8 €) per traveler on flights to European Union countries as well as destinations in Albania, Andorra, Bosnia and Herzegovina, North Macedonia , Iceland, Kosovo, Liechtenstein, Moldova. , Monaco, Montenegro, United Kingdom, Norway, San Marino, Switzerland, Serbia and Ukraine. The contribution for other destinations is 9,750 HUF per passenger.

Ryanair had launched a savage attack on the new tax a day earlier, announcing that it would charge passengers the additional tax and give passengers the option of getting a refund on tickets. The Ireland-based airline has asked the government to repeal the new airline tax, which it says will have a detrimental effect on air travel as well as tourism and the Hungarian economy.

“This ill-timed and ill-considered tax, which inexplicably compares the loss-making airline industry to highly profitable oil and energy companies, has rendered Hungary instantly uncompetitive and less attractive to airlines and tourists,” the company said in a statement. .

“The government considers it unacceptable and rejects in the strongest terms Ryanair’s transfer of the special extra profit tax levied on airlines to passengers,” Economic Development Minister Marton Nagy said.

The government is closely monitoring market trends and will do everything in its power to prevent the cost of exceptional taxes from being passed on to consumers, he said, adding that the government has also launched an investigation to determine whether Ryanair’s ticket pricing practices comply with all European Standards and requirements.

Ryanair’s terms and conditions state that it can pass on any exceptional tax levied on the company and even on tickets purchased earlier, Hungarian media reported.

Belgium has introduced a surcharge of €10 for journeys of less than 500 km from April 1 on each departing passenger, and €2 to €4 for journeys outside Europe. Ryanair immediately passed on the additional cost to passengers who purchased their tickets before the tax was introduced.

Scholz backs giving ‘realistic chance’ to Western Balkans on EU bid Fri, 10 Jun 2022 15:35:33 +0000

By Sarah Marsh

BERLIN (Reuters) – German Chancellor Olaf Scholz has pledged to help the Western Balkans revive their long-running drive to join the European Union, a move aimed at easing regional tensions and fending off the influence of rival powers such as than Russia.

Speaking alongside Kosovo Prime Minister Albin Kurti in Pristina at the start of a two-day trip, Scholz said his government had made their EU membership a priority and would also support Kosovo’s aspiration to liberalization of European visas.

Russia’s invasion of Ukraine has given a new sense of urgency to the need to bring Montenegro, Serbia, Albania, North Macedonia, Bosnia and Herzegovina and Kosovo closer to the EU in 27, whether through full membership or an alternative community.

“It is very important to send a new signal of confidence and hope that this accession process is very seriously wanted by the EU, and that it also has a realistic chance if everyone makes an effort “Scholz said.

Ukraine and neighboring Moldova have been pushing to fast-track their own EU membership bids since the invasion, raising the question of whether their membership should be fast-tracked or should wait their turn after Western Balkan countries .

EU countries, including Germany, have said there can be no shortcuts to Ukraine’s membership.

“We are also in favor of Ukraine’s accession to the EU. Of course, Ukraine has all the attention and it is in the hearts of everyone who wants peace and democracy because there is a terrible war going on there, an unprovoked and unjustified war,” said Kurti.

“But I think there has to be both (to join the EU), Ukraine and the Western Balkans,” Kurti said.

Scholz’s visit follows that of European Council President Charles Michel and before the EU-Western Balkans leaders’ summit on June 23.

The prospect of EU membership was for years the main driver of reform and greater cooperation in the region after a decade of war and upheaval in the 1990s, until the expansion of the EU is bogged down, breeding disillusionment.

Unresolved conflicts have recently given rise to new tensions there, such as the secession plans of the pro-Russian Bosnian Serbs.

“The fact that this hasn’t happened is a real problem and the growing influence of other countries like Russia and China is the result of this process which is not developing,” said Florian Bieber, an expert on Balkans at the Austrian University of Graz.

Visa liberalization would be a boon for Kosovo, which remains the only Balkan country where citizens still need visas to travel to the Schengen area without an EU passport. An applicant needs weeks or months just to get an appointment at an embassy.


“We will not abandon this region in the heart of Europe to the influence of Moscow,” German Foreign Minister Annalena Baerbock said during her visit to the Western Balkans in March.

The question is whether the Scholz government, which took office in December, is capable of coming up with a real strategy to move the process forward or whether it will simply “get confused” like former Chancellor Angela Merkel, who professed support for the region but did little to change the dynamic, Bieber said.

Scholz will travel first to Kosovo and then to Serbia on Friday, after meeting with the leaders of both countries last month in Berlin.

Russian Foreign Minister Sergei Lavrov was also due to visit Serbia this week, which is trying to balance its European aspirations with its centuries-old alliance with the Kremlin. But his visit was canceled when neighboring countries closed their airspace.

The German Chancellor is due to travel to Thessaloniki in Greece later for a dinner with representatives of the South East European Cooperation Process (SEECP), a regional Balkan body made up of 12 countries.

On Saturday, he will travel to North Macedonia and Bulgaria, which are embroiled in a dispute preventing the start of accession talks for the former country.

(Reporting by Sarah Marsh in Berlin; Additional reporting by Ivana Sekularac in Belgrade; Editing by Alex Richardson)

The government publishes a decree on exceptional taxes Tue, 07 Jun 2022 09:40:36 +0000 The Hungarian government on Saturday issued a decree detailing temporary taxes on “additional profit” companies in the banking, insurance, energy, retail, telecommunications, air transport and pharmaceutical that will pay in 2022 and 2023, according to a report by state news wire MTI.

The decree obliges banks to pay a special net income tax of 10% in 2022 and 8% in 2023.

The decree applies the financial transaction tax to securities transactions at a rate of 0.3% but not more than HUF 10,000 per transaction.

The decree levies a 25% tax on the difference between Russian crude and Brent for refining companies.

The decree obliges airlines to pay a contribution of 3,900 HUF per passenger for travelers on flights to European Union countries as well as destinations in Albania, Andorra, Bosnia and Herzegovina, North Macedonia, Iceland, Kosovo, Liechtenstein, Moldova, Monaco, Montenegro, United Kingdom, Norway, San Marino, Switzerland, Serbia and Ukraine. The contribution for other destinations is 9,750 HUF per passenger.

The decree obliges telecommunications companies and insurers to pay progressive “substitution taxes”.

Economic Development Minister Márton Nagy said in a public radio interview that the windfall taxes would bring in more than HUF 800 billion in 2022 and generate budget revenue of up to HUF 1 tln in 2023.

Income from windfall taxes will be channeled into funds supporting the regulated household utility pricing system and the modernization of Hungary’s military defence.


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Painful: Here is the additional government tax on every plane ticket! Sun, 05 Jun 2022 15:30:00 +0000

A government decree published on Saturday evening specifies the amount of the surcharge for the different sectors in Hungary. The fifth Orbán administration had previously announced that it wanted large corporations to pay a tax based on their “extra profit”. Among other things, there will be an additional tax on airline tickets, the tax on company cars will double, and we will have to pay after each Revolut-like transfer. Here are the details!

New tax on every plane ticket

According, the government issued its relevant decree after their three-day session in Sopron. The government calls the additional airline ticket tax the airliner contribution. In this case, there will be two tariffs. If the flight destination is EU, UK, Northern Ireland, Albania, Andorra, Bosnia and Herzegovina, North Macedonia, Iceland, Kosovo, Liechtenstein, Moldova, Monaco, Montenegro, Norway, San Marino, Switzerland, Serbia or Ukraine,

the additional tax rate will be 3,900 HUF (€10.18) per passenger. Otherwise, it is 9,750 HUF (€24.88).

The surcharge only applies to passengers departing from Hungary. Consequently, the decree does not apply to passengers in transit.

Theoretically, the subjects of the new tax are ground handling companies, not passengers. However, companies may include the additional tax in the ticket price.

For example, Wizz Air has already announced that it may increase its prices due to the additional government tax.

Increase in taxes in all sectors

Based on the government decree, the transaction fee on securities transactions will be 0.3%. The maximum will be 10,000 HUF (€25.52). We will have to pay this when we buy the securities. The only exceptions will be investments offered by the Hungarian State Treasury and the Hungarian Post. Interestingly, companies providing cross-border financial services will also have to pay the transaction fee like Revolut or Wise. It will be 0.3% per transaction, while its maximum will be 10,000 HUF. Before, the maximum was 6,000 HUF (€15.31).

The additional tax on banks will be 10% in 2022 and 8% in 2023. The tax base will be the net income of the previous year. Insurers will have to pay a progressive additional tax of between 2 and 14% in 2022 and 1 to 7% in 2023.

Pharmaceutical companies, excluding small pharmacies, will have to pay an additional 20% tax after drugs below 10,000 HUF (€25.52) and 28% after drugs above this threshold. The basis of the tax will be the producer price or the import price.

Telecom operators will pay after their net income. It will be 0% below 1 billion HUF (2.5 million euros), 1% between 1 and 50 billion HUF (2.5 to 127.5 million euros), and 3% between 50 and 100 billion HUF (€127.5-244.1 million). The highest tax rate will be for companies with more than HUF 100 billion in revenue: 7%.

We will have to pay more for tobacco products and alcohol in Hungary

In addition, retailers and companies in the energy sector will also have to pay additional tax after their income.

Excise duties on tobacco products and alcohol, as well as the tax on public health products on energy drinks, flavored beers, salty snacks will also increase.

In addition, the tax on company vehicles will double.

Like us reported previously, the government aimed to raise 300 billion forints annually (€765.4 million) of the banking sector, including 50 billion by expanding transaction rights, said Márton Nagy, Minister of Economic Development, after the April 3 elections. A total of 50 billion forints will be collected from insurers and 300 billion from companies in the energy sector, much of it from the Hungarian oil and gas company MOL, the minister said. The government will collect 60 billion forints from retailers, 40 billion from telecom operators, 30 billion from airlines and 20 billion forints from pharmaceutical companies, not counting small pharmacies, he added.

Nagy told Kossuth Rádió today that the new tax on banks, energy and trading companies and airlines, among others, would be temporary and targeted.

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