Higher Minimum Wage, Public Sector Pay Lifts Wage Growth
The average gross wage in Hungary climbed an annual 17.5% to 511,400 forints (EUR 1,338) in March, data released by the Central Statistical Office (KSH) on Tuesday show.
Economy
DK Slams Government for Not Preventing Exports of Hungarian Grain
The opposition DK party has criticised the government for not preventing the exports of Hungarian grain despite having pre-emption rights to buy it.
Hungary Gas Stores at 25% Capacity
There were 1.6 billion cubic metres of gas in Hungary’s underground stores, just over 25% of capacity, by mid-May, the Hungarian Energy and Public Utilities Regulatory Office (MEKH) said on Monday.
DK Calls on Government to “Stop Raising Prices”
The Democratic Coalition (DK) calls on “the illegitimate government and all Fidesz oligarchs to stop raising prices,” the spokesperson for the opposition party’s parliamentary group said at a press conference streamed on Facebook on Sunday.
LMP Pledges to Allocate HuF 300 BN for Energy Efficiency Programs
Opposition LMP wants to allocate 300 billion forints (EUR 780m) for energy efficiency programmes, including installing insulation, changing windows and upgrading heating systems, MP Bernadett Bakos said at a press conference streamed on Facebook on Saturday.
Hungary Q1 GDP Grows 8.2%
Hungary’s GDP grew by an annual 8.2% in the first quarter, albeit from a low base, a first reading of data released by the Central Statistical Office (KSH) shows. Adjusted for calendar year and other effects, GDP rose by 8.0%.
Coordinated Fiscal, Monetary Policy Needed to Tackle Inflation
Fiscal and monetary policy will have to be coordinated to bring down inflation, and the government should focus on the spending side to restore balance to the budget, Barnabás Virág, deputy governor of Hungary’s central bank (NBH), told a conference.
Novák: Hungary, Poland Call on EC to Make Available Allocations
Hungary and Poland are calling on the European Commission to make arrangements to ensure that the two countries could receive the allocations they are entitled to from the EU Reconstruction Fund, the new Hungarian president said in Warsaw on Tuesday. Katalin Novák held talks in the Polish capital with her Polish counterpart Andrzej Duda.
LMP Calls for Wage Compensation, Pay Rise for Public Sector Employees
The green LMP party on Sunday called for immediate wage compensation and a mid-term pay rise programme for public sector employees because of inflation.
Russians Do Not Supply Electricity to Finland Any More
Yesterday, on 14th May, Russia cut off electricity supplies to Finland – in response to the Finns’ announcement of their intention to join NATO on Thursday.