Hungarian Innovation and Technology Minister László Palkovics and Chinese Minister of Commerce Wang Wentao have signed memoranda of understanding on cooperation to accelerate the transition to a digital economy and advance green developments, the Innovation and Technology Ministry said on Friday.
All central banks must promote and support changes aimed at making the economy “green and digital”, National Bank of Hungary governor György Matolcsy said on Thursday, opening a conference held online under the auspices of the Eurasia Forum.
Hungary’s government will pay a full month’s worth of extra pension benefits, dubbed the 13th month pension, next February, Katalin Novák, the families minister, said on Facebook on Wednesday.
Italy-Hungary trade increased by an annual 32% so far this year and it is expected to hit a record high by the end of the year, making Italy Hungary’s sixth largest trade partner, Foreign Minister Péter Szijjártó said. Szijjártó met Italian counterpart Luigi Di Maio and reviewed bilateral relations in Strasbourg on the occasion of […]
Hungary’s economy grew by an annual 6.1% in the third quarter, slowing from 17.8% in Q2, according to a first reading of data released by the Central Statistical Office (KSH) on Tuesday.
Hungary rate-setters at a regular policy meeting on Tuesday raised the base rate by 30 basis points to 2.10% while also raising both sides of the interest rate corridor by 30 basis points.
Another development in Hungary has been agreed with the French company Gravic, which will create 70 new jobs in Debrecen as part of an investment of HUF 3.5 billion, said Péter Szijjártó, Minister of Foreign Affairs and Trade, in Cannes, France, on Tuesday (16th November).
Did government members and their relatives sell shares in Hungarian oil and gas company MOL shortly before the cabinet’s decision to cap fuel prices, is a question the opposition Democratic Coalition says it wants answered.
The way in which Hungary narrows the gap with more advanced economies requires a rethink so that not only is growth the aim but sustainable growth is too, György Matolcsy, the governor of Hungary’s central bank (NBH) wrote in an op-ed published on Monday.
The government has made it its priority to “break with the practice of low minimum wages, to offer jobs rather than benefits, ensure that all those able to work have jobs and that labour is financially rewarding…”, Viktor Orbán said.
