Economy

Car manufacturers are continuing to bring engineering, development and service facilities to Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said at the inauguration of carmaker Ford’s logistics centre in Biatorbágy, near Budapest.

The Socialist Party will be campaigning in the upcoming opposition primary in favour of making the minimum wage tax-exempt and reducing the income tax for low earners, the party’s co-leader said over the weekend.

Retail sales fell by an annual 5.6% in February, according to unadjusted data, the Central Statistical Office (KSH) said.

Consumer price inflation averaged an annual 3.7% in March, the Central Statistical Office (KSH) said. Analysts forecast a rise of 3.8%. CPI rose by 0.7% month on month.

Hungary’s cash flow-based budget, excluding local councils, was 1,144.1 billion forints (EUR 3.2bn) at the end of March, the Finance Ministry said in a preliminary release of data.

Hungary sees Romania as one of its most important business partners, and has a vested interest in strengthening mutual cooperation, Péter Szijjártó, Hungary’s minister of foreign affairs and trade, said at the opening of a Hungarian-Romanian business forum in Budapest.

Economic cooperation has strengthened relations between Hungary and Romania “by way of several joint success stories”, Foreign Minister Péter Szijjártó said. After meeting Romanian Minister of Economy, Entrepreneurship and Tourism Claudiu Năsui, Szijjártó told a joint press conference that ties between the two countries were determined by close inter-dependence. Romania is Hungary’s fourth most important […]

Hungary’s exports and imports both grew in February, the Central Statistical Office (KSH) confirmed in a first reading of data.