Hungary, Egypt to Explore Projects for Mutual Cooperation
Hungarian Prime Minister Viktor Orbán and Egyptian President Abdel Fattah el-Sisi on Wednesday agreed to appoint commissioners to pinpoint projects for mutual cooperation.
Adam
Economy
Fuels are becoming more expensive
MOL will further increase the trading price of petrol and diesel.
IMF Raises Hungary 2021 GDP Growth Forecast to 7.6%
The International Monetary Fund (IMF) raised its forecast for GDP growth in Hungary this year to 7.6% in its latest World Economic Outlook released on Tuesday.
Official Calls for Supporting SMEs’ International Ventures
Providing support to the international ventures of small and medium-sized enterprises is crucially important, a state secretary of the ministry of foreign affairs and trade said at the general assembly of the Berne Union held in Budapest.
LMP Calls on Government to Protect Hungarian Employees in Western Europe
The opposition party LMP is calling on the government to support stricter European Union regulations on recruitment services and temporary work contracts, and to protect the interests of Hungarian employees in western Europe.
Varga Puts 2022 GDP Growth at 5.5-6%
Finance Minister Mihály Varga said next year’s GDP growth could reach 5.5-6% at a business forum organised by the American Chamber of Commerce (AmCham) on Friday.
Hungarian Interests Asserted in Talks on Global Minimum Corporate Tax
Hungary has succeeded in pushing through its interests at the international talks on the global minimum corporate tax, Finance Minister Mihály Varga said on Friday. The corporate tax in Hungary will remain 9%, Varga said in a Facebook post.
Hungary Budget Deficit HuF 2,292 BN at End-September
Hungary’s cash flow-based budget deficit, excluding local councils, was 2,292 billion forints (EUR 6.39bn) at the end of September, widening on stimulus measures, the finance ministry said in a preliminary reading of data on Friday.
Export Growth Slows in August Amid Automotive Industry Shutdowns
Hungary’s export growth slowed further in August as shutdowns because of supply chain interruptions caused output of the automotive industry to fall, a first reading of data released by the Central Statistical Office (KSH) on Friday shows.
Hungary Inflation 5.5% in September
Hungarian inflation was an annual 5.5% in September, the Central Statistical Office (KSH) said on Friday. CPI was driven by higher cigarette, spirits and vehicle fuel prices, with spirits and tobacco prices rising 11.2%, lifted by a 17.8% increase in tobacco prices.