The pandemic caused a 184 billion forint (EUR 511m) shortfall in revenue at state-owned companies last year, Andrea Mager, the minister in charge of managing state assets, said at an annual hearing before parliament’s economic committee.
Hungary’s use of the Russian and Chinese Covid-19 vaccines saved the country’s economy “vast amounts of money”, a foreign ministry official said.
The government targets economic growth of 5.2%, with a deficit target of 5.9% of GDP and public debt of 79.3%, Finance Minister Mihály Varga said, presenting the 2022 budget bill to parliament.
Hungary and Pakistan are ready to strengthen business cooperation, Péter Szijjártó, the minister of foreign affairs and trade, said on Friday, after meeting Pakistani counterpart Shah Mahmood Qureshi. Szijjártó is heading a delegation of business leaders representing 17 Hungarian companies to Islamabad, who were scheduled to attend a business forum later in the day.
Hungarian industrial producer prices grew by an annual 9.6% in March, while 1.9% up on the previous month, the Central Statistical Office (KSH) said on Friday.
Hungary has room for manoeuvre when it comes to the drawdown of a 3,400 billion forint (EUR 9.4bn) loan it is entitled to from the European Union’s post-pandemic recovery package, László Domokos, the head of the State Audit Office, said on Friday, noting that the funds would be available until 2023.
Dutch-owned FrieslandCampina Hungária will invest 5.1 billion forints (EUR 14.2m) at its dairy plant in Mátészalka, in north-eastern Hungary, Péter Szijjártó, the minister of foreign affairs and trade, announced.
Gross wages in Hungary grew by an annual 9.8 % in February, the Central Statistical Office (KSH) said.
Hungary’s trade volume expanded in February after contracting in the previous month, the Central Statistical Office (KSH) confirmed in a second reading of data.
Hungary’s jobless rate fell to 4% in March, down 0.5 percentage point from the previous month, but climbing 0.4 percentage point from twelve months earlier, the Central Statistical Office (KSH) said.
