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Economy

Hungary Budget Deficit Swells to Around 9 % / GDP in 2020

January 23, 2021Tóháti ZsuzsaLeave a Comment on Hungary Budget Deficit Swells to Around 9 % / GDP in 2020

Hungary’s cash flow-based budget deficit, excluding local councils, was 5,548.6 billion forints (EUR 15.5bn) at the end of 2020, the Finance Ministry confirmed in a detailed reading of data.

Gas Contract With Russia Expanded

January 23, 2021Tóháti ZsuzsaLeave a Comment on Gas Contract With Russia Expanded

Hungarian Foreign Minister Peter Szijjártó told MTI that Hungary and Russia have agreed to extend a long-term gas supply contract set to expire in October this year.

Employers, Unions Close to Compromise on Minimum Wage Rise

January 21, 2021Tóháti ZsuzsaLeave a Comment on Employers, Unions Close to Compromise on Minimum Wage Rise

The VKF, a forum of employers, unions and the government, moved close to a compromise on a minimum wage rise at a meeting on Wednesday after a weeks-long deadlock.

Supply Chain Pressure Affects Audi and Daimler Plants in Hungary

January 20, 2021Kurucz JuditLeave a Comment on Supply Chain Pressure Affects Audi and Daimler Plants in Hungary

A global parts shortage is affecting the Hungarian plants of German car makers Audi and Daimler, business daily Világgazdaság said.

People in Szabolcs Earn the Least

January 19, 2021Tóháti ZsuzsaLeave a Comment on People in Szabolcs Earn the Least

According to the information of GKI Gazdaságkutató Zrt., in 14 out of the 19 counties of Hungary the monthly net earnings were below the national average, which – according to the data of the tax authority – was HuF 295 thousand gross in 2019.

Government Announces HuF 10.4BN Tender for Construction Company Upgrades

January 19, 2021Tóháti ZsuzsaLeave a Comment on Government Announces HuF 10.4BN Tender for Construction Company Upgrades

The government is inviting applications for 10.4 billion forints (EUR 28.8m) in grant money to support technology upgrades and efficiency improvements at microbusinesses and SMEs in the construction sector, state secretary Attila Steiner said.

German Firms to Invest HuF 4 BN Hungary

January 19, 2021Tóháti ZsuzsaLeave a Comment on German Firms to Invest HuF 4 BN Hungary

Three major German companies have decided to plough a total of 4 billion forints (EUR 11.1m) into investments in Hungary, Péter Szijjártó, Hungary’s minister of foreign affairs and trade, said.

HuF 2 BN Given to Pandemic Fight

January 19, 2021Tóháti ZsuzsaLeave a Comment on HuF 2 BN Given to Pandemic Fight

The government has purchased medical equipment worth a combined 2 billion forints (EUR 5.5m) under the Healthy Budapest Programme, aimed at helping efforts to fight the coronavirus epidemic, Human Resources Minister Miklós Kásler told an online press conference.

Socialists: Government ‘Supports Multinationals Instead of Protecting Jobs’

January 18, 2021Tóháti ZsuzsaLeave a Comment on Socialists: Government ‘Supports Multinationals Instead of Protecting Jobs’

The opposition Socialists believe the government is “throwing free money” at multinational companies instead of defending workplaces under threat because of the coronavirus crisis, the party’s deputy head said at an online press conference on Sunday.

Guest Nights Fall 85% in November

January 17, 2021January 17, 2021Tóháti ZsuzsaLeave a Comment on Guest Nights Fall 85% in November

The number of guest nights spent in Hungarian commercial accommodation fell by an annual 85% to 313,000 in November as the pandemic continued to impact the tourism industry, data released by the Central Statistical Office (KSH) show.

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The Pécs Sun

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