PPI rises by 3.7%
Industrial producer prices rose by 3.7% in April from the same month a year earlier, the Central Statistical Office (KSH) said.
Adam
Economy
Palkovics and German official discussing bilateral tourism ties
Innovation and Technology Minister László Palkovics discussed resuming tourism relations between Hungary and Germany with Germany’s deputy economy minister, the innovation and technology ministry said.
2021 Budget ‘Prioritises Economy Protection’
The government has diverted resources so that the 2021 budget could be focused on combatting the novel coronavirus epidemic and protecting the economy, Finance Minister Mihály Varga told public broadcaster Kossuth Rádió.
GDP up by 2.2%
The Hungarian economy grew by an annual 2.2% in the first quarter, the Central Statistical Office (KSH) said, based on its second reading of the data.
EU budget for recovery: Kick-starting the EU economy by incentivising private investments
As announced by European Commission President von der Leyen on 27 May 2020, the Commission is aiming to kick-start the EU economy by incentivising private investments.
Wage growth slows to 9% in March
Wage growth for full-time workers in Hungary slowed to an annual 9% in March, the Central Statistical Office (KSH) said. Wage growth slowed for the fourth month in a row. In absolute terms, the average gross monthly wage stood at 400,400 forints (EUR 1,147).
Commission proposes a public loan facility to support green investments together with the European Investment Bank
Yesterday, the European Commission presents its proposal for a public sector loan facility under the Just Transition Mechanism.
Hungary Three-Month Average Jobless Rate Edges Up to 3.8% in April
Hungary’s three-month rolling average jobless rate was at 3.8% in April, up 0.1 percentage point from the previous month and 0.3 percentage point from twelve months earlier, the Central Statistical Office (KSH) said.
Banking Assoc Chief: Hungary Well Positioned to Weather Crisis
Hungary can avoid a crisis similar to the one in 2008 thanks to measures taken by the government and the National Bank of Hungary (NBH), as well as the country’s stable banking sector, Radovan Jelasity, the recently elected chairman of the Hungarian Banking Association, said in an interview with MTI.
Companies apply for subsidies to support HUF 295 BN of investments
So far 625 companies have applied for government subsidies for investments that support job preservation during the coronavirus crisis, Peter Szijjártó, the foreign affairs and trade minister, said on Monday.