Adopting the European currency and thus “stabilising” the country’s position in the European Union is “clearly” in Hungary’s interest, opposition Socialist MEP István Ujhelyi said on Facebook on Sunday.

The government is launching a new programme to support Hungarian businesses that commit to investing at least 560 million forints (EUR 1.6m) to save jobs in view of the coronavirus pandemic, Foreign Minister Péter Szijjártó said on Saturday.

Lawmakers approved the government’s 2021 budget which the finance minister said had been dedicated to economic protection and maintaining a state of preparedness to the novel coronavirus epidemic.

The composite cost-of-borrowing indicator for new loans to corporations and for new loans to households for house purchase remained broadly unchanged in May 2020, at 1.46% and 1.42%, respectively. In the same month, the euro area composite interest rate for new deposits with agreed maturity from corporations decreased by 5 basis points to -0.10%, driven by the […]

The government has expanded its online tax accounting system, heralding a new era in tax returns and efforts to whiten the economy, a finance ministry official has told MTI in an interview.

The success of the Hungarian economy depends greatly on the production and research capacities investors bring to the country, Péter Szijjártó, the foreign affairs and trade minister, told public media.

Wage growth for full-time workers in Hungary slowed to an annual 7.8% in April, data published by the Central Statistical Office (KSH) show. KSH said the economic impact of the coronavirus crisis contributed to the slowdown in wage growth. Wage growth slowed for the fifth month in a row.