LMP Urges Immediate Payrise for Civil Servants
Opposition LMP called for an immediate payrise to civil servants at an online press conference by party spokesman József Gál on Sunday.
Adam
Economy
The Forint Weakened on Friday Morning
The forint weakened on Friday morning: it was 0.2 percent lower than the exchange rate on Thursday evening against the euro, the dollar and the Swiss franc.
Egg Farmers to Raise Prices From September
Hungarian egg farmers will raise their producer prices by net ten forints per egg from September because of higher input costs, the Egg Association said.
Jobless Rate Reaches 3.5% in July
Hungary’s jobless rate reached 3.5% in July, rising from 3.3% in the previous month but down from 3.9% twelve months earlier, data released by the Central Statistical Office (KSH) on Thursday show. The rate covers unemployment among people between the ages of 15 and 74. In absolute terms, there were 172,900 unemployed, 12,600 more than […]
Opposition Demands Government Drop Vodafone Purchase Plans
The opposition Socialist Party has called on the government to abandon its plans to buy a minority stake in telecom company Vodafone and “spend the sum on the Hungarian people instead”.
KSH: Median Wage HuF 389,200 in June
The median gross wage in Hungary reached 389,200 forints (EUR 945) in June, the Central Statistical Office (KSH) said on Wednesday.
Cineworld – Parent Company of Cinema City – is on the Brink of Bankruptcy
Cineworld Group – the parent company of Cinema City in Hungary – confirmed that they are considering filing for bankruptcy protection. The movie theater chain was unable to recover from the pandemic-induced shutdown and is still struggling with $5 billion worth of debt, and the company’s shares fell 60 percent on Friday.
This is how the Hungarian state participates in the purchase of Vodafone
The Hungarian state will participate in the domestic ownership of Vodafone Hungary, the Minister of Economic Development told MTI on Monday.
Watchdog Warns Consumers Against Hyperverse MLM Scheme
The National Bank of Hungary (NBH) on Friday issued a warning to consumers against HyperVerse multi-level marketing (MLM) products advertised on social media.
The tax office draws attention to the taxation of apartment rental and the importance of concluding a rental agreement
Before the peak season of the rental real estate market in August-September, the tax authority drew attention to the tax rules and other details of long-term apartment letting and renting in a statement on Wednesday.