Hungary’s minister of foreign affairs and trade has signed deals in Switzerland concerning investment projects in Hungary worth a combined 14 billion forints (EUR 38.8m), expected to create 220 new jobs.
The finance ministry has submitted to parliament the amendment to the 2021 budget on continued allocation of funds for coronavirus protection and economic recovery measures, the ministry said in a statement.
Notwithstanding last year’s 70,000 fraudulent bankcard transactions costing 1.3 billion forints (EUR 3.6m), Hungary is among Europe’s safest countries for online bankcard payments both in terms of the volume and value of transactions, according to finance ministry state secretary András Tállai.
The number of electronic invoices received by the tax office has been increasing exponentially, a finance ministry official has said.
The participatory budget, a new form of political engagement, is deepening democracy, Gergely Karácsony, the mayor of Budapest, said at the first meeting of the city’s participatory budget held online on Saturday.
The opposition Párbeszéd party has called on the government to consult with local councils, professional organisations and civil groups on its post-pandemic recovery plan.
Hungary’s Fiscal Council said the deficit target in the 2021 budget would have to be raised. The government earlier said it would raise the 2021 deficit target, calculated according to European Union accounting rules, from 2.9% to 7.5% of GDP.
Output of Hungary’s construction sector declined by an annual 16.1% in February, albeit from a high base, the Central Statistical Office (KSH) said.
Wage subsidies for businesses running bars and eateries is being expanded to cover the month of May, Gergely Gulyás, the prime minister’s chief of staff, said. Bars and restaurants can start serving customers outdoors when the number of Hungarians inoculated against Covid-19 reaches 3.5 million, which is expected around the middle of next week, Gulyás […]
Hungary plans to draw 16-17 billion euros from the European Union’s 750 billion euro pandemic recovery fund to fund household solar systems and energy efficient heating systems, a government official told a conference.
