Opposition Vows to Reform Disability Pensions
Hungary’s opposition parties have promised to reform the country’s system of disability pensions if they win next year’s general election.
Adam
Economy
Parliament Adopts Law on Pit Exemption for Under-25’s
Lawmakers have passed legislation which exempts the income of Hungarians under the age of 25 from personal income tax.
Central Bank Leaves Base Rate on Hold at 0.60%
Hungarian rate-setters decided to keep the base rate on hold at 0.60% in a regular meeting. The Monetary Council also left the rate corridor unchanged, the National Bank of Hungary (NBH) said. hungarymatters.hu pixabay
Government Mulling Boosting Pensions Mid-Year Due to Pandemic
The government is considering bumping up pensions in the middle of the year in light of the situation caused by the pandemic, a finance ministry official has said.
Eclipse Print to Invest HuF 200 M at Hungary Plant
Eclipse Print’s investment of 200 million forints (EUR 550,000) at its printing plant in Edelény, in north-eastern Hungary, will save 64 jobs, Péter Szijjártó, the minister of foreign affairs and trade, said.
Socialists Call for Increasing Spending on Health, Education
“It took the coronavirus pandemic for everyone to understand that it is wrong to cut public spending on health care and education,” Bertalan Tóth, co-leader of the opposition Socialists said.
Hungary to Use EU Recovery Fund to Boost Health-Care Development
Hungary will spend the lion’s share of the European Union’s coronavirus recovery fund on developments in health care, Gergely Gulyás, the prime minister’s chief of staff, told public broadcaster Kossuth Rádió.
Hungary to Submit Recovery Plan
Hungary will be among the first countries of the European Union to submit their post-pandemic recovery plans to the European Commission, the head of the Prime Minister’s Office told MTI.
Budget to ‘Relaunch the Economy’
Gergely Gulyás, the prime minister’s chief of staff, told a press briefing on Thursday that the amended budget for this year and the 2022 budget would focus on relaunching the economy.
Socialists Submit Bill on Making Minimum Wage Tax-Exempt
The opposition Socialist Party said it has submitted a bill to parliament that would make the minimum wage tax-exempt and reduce the income tax for low earners.