DK Calls on Government to Pay Off Hospitals’ Debt
The opposition Democratic Coalition (DK) has called on the government to consolidate the debt portfolio of hospitals with immediate effect.
Adam
Economy
Magyar Suzuki to Shut Down Production for Two Weeks
The Hungarian unit of Japanese car maker Suzuki is to shut down production for two weeks at its plant in Esztergom (NW of Budapest) due to chip shortages.
Investment Volume Climbs 10.8% in Q2 From Low Base
Investment volume in Hungary rose by an annual 10.8% in Q2, albeit from a low pandemic base, the Central Statistical Office (KSH) said on Tuesday. Investments in machinery jumped by 23.9% and construction investments increased by 3.2%.
Wage Growth Slows to 3.5% in June
Year-on-year wage growth in Hungary slowed to 3.5% in June from 8.2% in the previous month, falling under the rate of inflation, the Central Statistical Office (KSH) said.
Minister: EDU Spending Tripled Since 2010
The finance minister said ahead of the new school year starting on September 1 that government funding for public education and family support has tripled since 2010.
Hungary Jobless Rate Down to 3.9% in July
Hungary’s jobless rate was 3.9% in July, down from 4% in the previous month, the Central Statistical Office (KSH) said on Friday. The rate covering 15-74 year-olds fell by 0.6 of a percentage point from July last year. In absolute terms, there were 189,000 unemployed, down 4,500 from the previous month. The three-month rolling average […]
“Investments Driving Hungary Growth”
Hungary’s government is hard at work to help generate the investments needed to achieve its target of an economic growth rate of 5.5% by the end of the year, the foreign affairs and trade minister told a conference.
According to a survey, Hungarians save money on their phone bills with messaging applications
Hungarians try to reduce their mobile usage costs mainly with online calls and messages, 47 percent prefer chat applications to traditional mobile calls, and 38 percent prefer to send e-mails instead of SMS, according to a recent representative survey by BillKiller on transparent mobile package comparison.
Vitesco Technologies to Build HuF 47 BN Plant in Debrecen
German automotive company Vitesco Technologies is to build a 47 billion forint (EUR 134m) plant in Debrecen, in eastern Hungary, under an agreement reached on Tuesday, Péter Szijjártó, the minister of foreign affairs and trade, said.
Hungary Central Bank Raises Base Rate to 1.50%
Hungarian rate-setters raised the central bank’s base rate by 30 basis points to 1.50% at a scheduled meeting on Tuesday.