Hungary’s economy could grow by up to 6% this year and expand by even 6 to 7% in 2022, leaving neighbouring countries behind to become a forerunner in the region, Márton Nagy, senior economic advisor to Prime Minister Viktor Orbán, told commercial broadcaster Inforádió.
The VKF, a forum of employers, unions and the government, moved close to a compromise on a minimum wage rise at a meeting on Wednesday after a weeks-long deadlock.
A global parts shortage is affecting the Hungarian plants of German car makers Audi and Daimler, business daily Világgazdaság said.
According to the information of GKI Gazdaságkutató Zrt., in 14 out of the 19 counties of Hungary the monthly net earnings were below the national average, which – according to the data of the tax authority – was HuF 295 thousand gross in 2019.
The government is inviting applications for 10.4 billion forints (EUR 28.8m) in grant money to support technology upgrades and efficiency improvements at microbusinesses and SMEs in the construction sector, state secretary Attila Steiner said.
Three major German companies have decided to plough a total of 4 billion forints (EUR 11.1m) into investments in Hungary, Péter Szijjártó, Hungary’s minister of foreign affairs and trade, said.
The government has purchased medical equipment worth a combined 2 billion forints (EUR 5.5m) under the Healthy Budapest Programme, aimed at helping efforts to fight the coronavirus epidemic, Human Resources Minister Miklós Kásler told an online press conference.
The opposition Socialists believe the government is “throwing free money” at multinational companies instead of defending workplaces under threat because of the coronavirus crisis, the party’s deputy head said at an online press conference on Sunday.
The number of guest nights spent in Hungarian commercial accommodation fell by an annual 85% to 313,000 in November as the pandemic continued to impact the tourism industry, data released by the Central Statistical Office (KSH) show.
Hungary’s current account showed a surplus of just under 272 million euros in November, preliminary monthly data released by the National Bank of Hungary (NBH) show.
