Hungary’s cash flow-based budget deficit, excluding local councils, had a 2,691.7 billion forints (EUR 6.3bn) deficit at the end of September, after running a 181.0 billion forint surplus for the month, the finance ministry said in a first reading of data on Monday.
The leaders of 18 localities have signed an open letter to Prime Minister Viktor Orbán, calling on him to convene a national energy summit and start talks with local authorities on providing aid to weather the energy crisis. Local authorities are in dire economic straits, the letter said, and the government should act swiftly to […]
Trade union alliances MASZSZ and SZEF have asked Prime Minister Viktor Orbán in an open letter for help to combat the cost-of-living crisis, they said in a statement.
Retail sales growth in Hungary reached 3.3% year-on-year in August, edging down from 3.8% in the previous month, data released by the Central Statistical Office (KSH) on Thursday show.
Output of Hungary’s industrial sector rose by an annual 14.4% in August, expanding at the fastest pace in more than a year, the Central Statistical Office (KSH) said on Thursday.
The government has raised the wages of servicemen by 26%, the defence minister said on Tuesday.
The forint traded at 420.17 to the euro around 5:30 in the evening on Monday, recovering after slipping as far as 425.96 in the afternoon, a new low.
Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) fell to 49.6 points in September from 57.8 in August, the Hungarian Association of Logistics, Purchasing and Inventory Management (Halpim) said on Monday.
Hungary had a 1.298 billion euro trade deficit in July, the Central Statistical Office (KSH) said in a second reading of data on Monday. A first reading of the data, released on September 8, showed a 1.150 billion euro trade deficit.
Opposition LMP said it wants local councils to be able to buy energy at capped prices. Őrs Tetlák, a board member of the green party and the deputy mayor of Érd, near Budapest, told a press conference that he expects local councils will find themselves in a “dramatic” situation in what was likely to be […]
