The Democratic Coalition (DK) wants Hungary’s jobseekers’ allowance to be lengthened to nine months from the current three while there is an economic crisis, Klára Dobrev, the opposition party’s MEP, said on Monday.
One hundred and ten people are being dismissed from Miskolci Fürdők Kft. due to high energy prices and inflation, reports Rtl.hu.
Pensioners will receive their pension premiums to offset inflation between November 10 and 15, Prime Minister Viktor Orbán said in a video published on Facebook on Saturday, international day of the elderly.
Listed Hungarian IT company 4iG signed a new contract to acquire a 51% stake in Israeli satellite company Space-Communication over a period of several years.
Hungary’s central bank has said it expects inflation will continue rising in the remainder of the year, though from October its upward pace will start gradually easing.
Hungarian central bank rate-setters on Tuesday raised the base rate by 125 basis points to 13%. The rise followed a 100 bp hike at the policy meeting in August. The Council also decided on Tuesday to raise the O/N deposit rate by 125 basis points to 12.50%, and the O/N and one-week collateralised loan rates […]
The average gross wage of full-time employees in Hungary grew by an annual 15.3% in July, amounting to 500,000 forints (EUR 1,230), the Central Statistical Office said on Friday.
Hungary’s cash-flow-based budget deficit, excluding local councils, was 2,872.7 billion forints (EUR 7.1bn) at the end of August, the finance ministry said in a second reading of data on Friday.
In Hungary, the highest food inflation in the Union was measured in August compared to a year ago: bread, meat, cheese, and many basic foods rose in price the most in our country.
The opposition LMP party has repeated its demand that the government raise teachers’ wages. “If there are enough funds in the budget to pay for a pay rise for police, then there is no reason to tie a hike for teachers to the arrival of EU funds,” MP Máté Kanász-Nagy told a press briefing.
