Local Councils Prohibited From Increasing Taxes Next Year
The government has ordered local councils not to increase local and municipal taxes next year.
Adam
Economy
Sews Komponens Invests HuF 2.75 BN in Capacity Expansion
Car parts manufacturer SEWS Komponens es Elektronika Europa is investing 2.75 billion forints to expand production capacity at its base in Mór, in western Hungary, with a 960 million forint grant from the government, Péter Szijjártó, the minister of foreign affairs and trade, said on Monday.
IBM to Invest HuF 3.5 BN in IT Centre Development
Information technology giant IBM is starting a 3.5 billion forint (EUR 9.7m) development of its IT centre in Székesfehérvár, in central Hungary, Péter Szijjártó, the minister of foreign affairs and trade, has said.
Wage Growth Slows to 8.8% in September
Wage growth in Hungary slowed to an annual 8.8% on average in September from 9.1% in August, the Central Statistical Office (KSH) has said. In absolute terms, the average gross monthly wage for full-time employees stood at 392,300 forints (EUR 1,080).
61 BN HuF Provided in Business Development Subsidies
The government will provide a further 61 billion forints (EUR 168.6m) in subsidies to businesses committing to carrying out developments while retaining their workforce, Péter Szijjártó, the foreign affairs and trade minister, said over the weekend.
Employment Down By 0.8% in August-October
The three-month rolling employment figure in August-October was down 0.8% at 4,482,000 from the same period a year earlier, the Central Statistical Office (KSH) said on Friday.
Two hidden Hungarian siblings are richer than Csányi and Mészáros together
Two Russian siblings living in Hungary, who also have Hungarian citizenship, have more wealth than Lőrinc Mészáros and Sándor Csányi together, the G7 found out.
Price of Petrol and Gas Oil to Rise
According to holtankoljak.hu, the price of petrol and gas oil is going up on Friday (27th November).
350 Companies Apply for Investment Support After Scheme Relaunch
A total of 350 companies applied for government subsidies for investments that support job preservation during the coronavirus crisis within fifteen minutes after the support scheme was relaunched, Minister of Foreign Affairs and Trade Péter Szijjártó has said.
Hungary-China Economic Ties Progressing Despite Pandemic
Economic relations between Hungary and China are continuing to progress steadily despite the coronavirus pandemic, Péter Szijjártó, the foreign affairs and trade minister, said after announcing an investment by Hungarian chemicals company BorsodChem, owned by China’s Wanhua group.