Agricultural PPI Up By 45.4% in May
Hungarian farm-gate prices grew by 45.4% in May, easing from 45.7% in April, the Central Statistical Office (KSH) said on Tuesday.
Adam
Economy
Parliament Adopts Changes to Small Business Tax
Parliament on Tuesday adopted the amendments to the regulations of the Itemised Tax for Small Businesses (KATA), pushing the income threshold for taxpayers to 18 million forints (EUR 44,000) per year from 12 million, and restricting the circle of eligible entrepreneurs. KATA will be available for sole proprietors only from September 1.
Government Submits Bill Restricting Small Business Tax to Sole Proprietors
The government has submitted a bill to lawmakers that would restrict the Itemised Tax for Small Businesses (KATA) to sole proprietors.
Jobbik Proposes Inter-Party Consultations on Economic Crisis
Opposition Jobbik’s new leader Márton Gyöngyösi has proposed the launch of consultations between parliamentary parties on managing the economic crisis.
June CPI Climbs to 11.7%
Consumer prices in Hungary rose by an annual 11.7% in June, accelerating from 10.7% in May, the Central Statistical Office (KSH) said on Friday.
Budget Deficit Reaches HuF 2,892 BN at End-June
Hungary’s cash flow-based budget deficit, excluding local councils, reached 2,892.3 billion forints (EUR 7.1bn) at the end of June, the finance ministry said in a first reading of data on Friday.
Prices have skyrocketed: inflation in Hungary was 11.7 percent in June
In June, consumer prices were on average 11.7 percent higher than a year earlier. In the past year, the prices of food and durable consumer goods have risen the most, the Central Statistics Office (KSH) reported on Friday.
Hungary Trade Balance Shifts to Surplus in May
Hungary’s trade balance showed a surplus in May, after ten consecutive months of deficits, a first reading of data released by the Central Statistical Office (KSH) on Thursday shows.
NBH Raises One-Week Deposit Rate By 200 BP to 9.75%
The National Bank of Hungary (NBH) raised the rate for its one-week deposit facility by 200 basis points to 9.75 percent on Thursday.
Opposition Blames Government for Economic Crisis
Opposition parties on Thursday slammed the government, saying it was responsible for the economic and cost of living crisis and the weak forint. In response to a press conference of Gergely Gulyás, the prime minister’s chief of staff, Socialist Zoltán Vajda told an online press conference that to restore trust in Hungary’s economic policy and […]