Sole-Mizo Develops Three Facilities in HuF 5 BN Investement
Hungary’s largest dairy company, Sole-Mizo, has undertaken developments at three of its facilities, investing 5 billion forints (EUR 13.9m), Finance Minister Mihály Varga said on Friday.
Adam
Economy
Hungary Posts EUR 1.0 BN TRATradeDE Surplus in March
Hungary posted a trade surplus of 1.013 billion euros in March, the Central Statistical Office (KSH) said.
“Jobs, Family, Innovation are Hungary’s Solutions to Social Challenges”
Supporting jobs, families and innovation are Hungary’s recipe for addressing social challenges faced by the European Union, Katalin Novák, the minister in charge of family affairs, said in Porto on Thursday.
“Minimum Wage Regulations Should Remain Member State Competency”
Hungary accepts the European Union’s guidelines on the minimum wage but maintains that the issue should be regulated by the member states, László Palkovics, the innovation and technology minister, said after talks with Ana Mendes Godinho, the Portuguese labour and social affairs minister, in Porto on Friday.
Industrial Output Rebounds in March
Industrial output rose by an annual 16.5% in March from a low base after last year’s coronavirus-related lockdowns, the Central Statistical Office (KSH) said.
Retail Sales Fall 2.0% in March
Retail sales in Hungary fell by an annual 1.5% in March, and by 2.0% when adjusted for calendar-year and seasonal effects, the Central Statistical Office (KSH) said.
Karácsony Slams Government Over Missing Business Tax Revenue Offsets
Budapest Mayor Gergely Karácsony on Thursday slammed the government for what he said was a failure to keep its promise to compensate local councils for a shortfall in their local business tax revenues.
“German Businesses Have Confidence in Hungarian Economy”
German and other foreign businesses operating in Hungary continue to have confidence in the Hungarian economy, with business leaders expecting the country’s growth to outpace the regional average this year, the finance minister said at an online event of the German-Hungarian Chamber of Industry and Commerce (DUIHK) on Thursday.
Home Building Permit Issues Plunge in Capital, Jump Elsewhere
The number of home building permits issued in Budapest plunged in the first quarter while jumping in the rest of the country, the Central Statistical Office (KSH) said.
LMP: Without EU Funds, Hungary Would Fall Into Recession Next Year
Hungary’s economy would fall into recession next year if it had no access to EU support, a senior opposition LMP official said, accusing the government of maintaining a “botched economic policy and high budget deficit”.