Prime Minister Viktor Orbán, at a business conference, outlined measures that could support the recovery from the coronavirus crisis, including a tax rebate for lower income families, state-subsidised credit for SMEs and a higher minimum wage.
Hungarian unadjusted industrial output grew by an annual 58.8% in April from a low base, according to a first reading of Central Statistical Office (KSH) data released on Tuesday.
Hungary’s cash-flow budget deficit, excluding local councils, was 1,312.6 billion forints at the end of May, the Finance Ministry said. In May alone, the budget shortfall was 269 billion forints.
Parliament has passed into law the main figures of the government’s 2022 budget, together with amendments by parliament’s budget committee.
Turkish glass company Sisecam is investing 73 billion forints (EUR 211.0m) to build a glass packaging plant in Kaposvár, in south-western Hungary, the minister of foreign affairs and trade said on Monday.
South Korean-owned Hanon Systems Hungary is investing 18 billion forints (EUR 52.0m) into expanding capacity at its plant manufacturing climate systems for electric cars, Péter Szijjártó, the minister for foreign affairs and trade, said on Monday. The government is supporting the investment with a 4.6 billion forint grant, he added. The investment will create 40 […]
Opposition parties have submitted a total of 1,148 amendments to next year’s budget bill which would “upset balance” in the draft by 8,800 billion forints (EUR 25.4bn) in extra spending, Finance Minister Mihály Varga said on Monday.
Retail sales in Hungary rose by an annual 9.9% in April, climbing for the first time since last summer as pandemic restrictions were eased, data released by the Central Statistical Office (KSH) show.
Hungary-Turkey relations are steaming ahead, the head of parliament’s foreign affairs committee, Zsolt Németh, said after visiting Turkey. The two countries will celebrate the 100th anniversary of establishing diplomatic relations next year, Németh noted, adding that the two governments had signed an agreement on the mutual acceptance of immunity certificates “in good time, at the […]
Opposition members of parliament’s budget committee have slammed the government’s 2022 draft budget as “unacceptable” and “poorly thought out”.
