Construction Sector Output Up By 10.2% in August
Output of Hungary’s construction sector grew by an annual 10.2% in August, the Central Statistical Office (KSH) said on Thursday.
Adam
Economy
“Competitiveness Crucial Factor When Pursuing Green Goals”
Environmental protection and economic competitiveness must go hand in hand when pursuing green goals, Hungary’s foreign minister said in Moscow on Thursday.
“Hungary Committed to Boosting Ties With China”
Hungary is committed to strengthening bilateral ties and sees China as a key strategic partner, Prime Minister Viktor Orbán said in a video message, addressing the opening ceremony of the China International Import Expo (CIIE). “We are thankful to China and personally to President Xi for involving Hungary into China’s vaccination cooperation program at a […]
“Cooperation With China Crucial”
Cooperation between Hungary and China is becoming more and more important, Prime Minister Viktor Orbán said in a video message, addressing the opening ceremony of the China International Import Expo (CIIE) on Thursday.
Industrial Output Grows By 2.6% in August
Industrial output in Hungary rose by an annual 2.6% in August, the Central Statistical Office (KSH) said on Wednesday. Adjusted for the number of working days, output edged up by 0.6%, staying slightly above the output in 2019, the second reading of data showed.
Socialists Demand Cut to VAT on Food
The Socialists on Wednesday called on the government to cut VAT on basic foodstuffs to 5% and of other food products to 18%, saying ruling “Fidesz has unleashed brutal price hikes in the country”.
Szijjártó: Strong Competition Authorities Key to ‘True Competition’
Hungary, as a promoter of free and fair world trade, wants to ensure “real competition” in which strong and expert competition authorities are key players, Foreign Minister Péter Szijjártó told a conference of the International Competition Network (ICN) in Budapest on Wednesday.
Hungary’s Winter Gas Needs Guaranteed
By the end of September, Hungary had reserves of over 5.28 billion cubic meters of natural gas, more than enough to cater to the country’s needs throughout the winter, the Hungarian energy and public utility authority (MEKH) said on Wednesday.
Government Ready to Cut Social Contribution Tax By 4 PP
In an effort to ease the burden on businesses in light of its policy of raising the minimum wage to a monthly 200,000 forints (EUR 555), the government is proposing a 4 percentage point reduction in the social contribution tax, an official of the innovation and technology ministry said after wage talks on Wednesday.
EU Allows Hungary to Maintain Two Tax Measures Until 2024
Hungary has been granted a derogation from European Union rules for two tax measures until the end of 2024, state secretary for tax affairs Norbert Izer said in a statement.