The government is launching its biggest ever home creation scheme this year, Katalin Novák, the minister for family affairs, said on Facebook. Under the scheme, the VAT rate on newly built homes is reduced from 27% to 5% from Jan. 1, Novák said.
Hungary will have another chance from January 1 to apply for funds from the European Union’s SURE fund to help employees suffering the consequences of the coronavirus pandemic, Socialist MEP István Ujhelyi said.
Hungary has “never had such a successful year” in terms of investments as it has in 2020, thanks to the government’s economic promotion schemes, the minister of foreign affairs and trade said on Facebook. Since the beginning of 2020, the government has provided assistance to a total 1,433 investment projects worth a combined 1,676 billion […]
National Bank of Hungary (NBH) governor György Matolcsy said investment growth, job creation and cheap credit will be necessary for Hungary’s economic recovery from the coronavirus crisis in an interview published in Monday’s issue of daily Magyar Nemzet.
Government support for families will grow to 2,600 billion forints (EUR 7.1m) in 2021, two-and-a-half times the sum allocated to the sector in 2010, the minister without portfolio in charge of families said on Sunday.
With the government having suspended the night curfew for Christmas Eve, Hungarians have “stormed shops” and could end up spending as much during the holidays as last year, the daily Magyar Nemzet said.
Hungary’s exports edged up 0.1% year-on-year to 10.190 billion euros in October, growing for the second month in a row after contracting since the start of the pandemic, a second reading of data released by the Central Statistical Office (KSH) shows.
The government’s economic protection measures serve to ensure that businesses and families survive the difficult months ahead, providing extra resources to those in a difficult situation, Gergely Gulyás, the head of the Prime Minister’s Office, told a regular press briefing.
China’s Shenzhen Kedali Industry will build a 14.1 billion forint (EUR 39.4m) lithium battery parts plant in Gödöllő, on the outskirts of Budapest, Minister of Foreign Affairs and Trade Péter Szijjártó said.
Budapest Mayor Gergely Karácsony and 37 mayors of Budapest districts and cities around Hungary demanded in a joint statement on Sunday that the government withdraw a decision on halving the local business tax.
