Heat, Drought Halve Hungary Apple Crop
The drought and hot weather is expected to reduce Hungary’s apple crop to around 300,000 tonnes this year, just half of the average harvest in recent years, professional association Fruitveb said on Tuesday.
Adam
Economy
The prices of some commonly used medicines are rising drastically
Therapeutic preparations that prevent blood clots can become more expensive by up to 450 percent – Napi.hu writes.
Construction Sector Contracts in June
Output of Hungary’s construction sector fell by an annual 8.1% in June, contracting for the first time in more than a year, the Central Statistical Office (KSH) said. Output of the buildings segment fell by 4.8% and civil engineering output dropped by 11.7%. In absolute terms, construction sector output reached 579.1 billion forints (EUR 1.5bn) […]
Small gas stations in Hungary will be closed for two days due to a lack of supply
Gas stations belonging to and supporting the Association of Independent Gas Stations (Független Benzinkutak Szövetsége – FBSZ) will not open on August 19-20, the measure affects 500-600 gas stations.
Forint Strengthened on Monday Morning
At the end of the week, Hungarian forint strengthened against the main currencies in international foreign exchange trade.
Huge Investment Arrives in Debrecen Creating 9,000 New Jobs
The largest player in the global battery market, the Chinese CATL, is building a factory in Debrecen with an investment of 7.3 billion euros.
DK: Central Bank Inflation Forecast Shows Hungarian Economy in Big Trouble
The opposition Democratic Coalition (DK) has said the central bank’s(NBH) inflation forecast of around 20% in the coming months “is an admission that the Hungarian economy is in big trouble”.
Hungarian National Bank Vice President: Inflation could be around 20 percent in the fall
Here in Europe, it is still too early to talk about whether we are at the end of the inflationary spiral,” said Barnabás Virág, vice-president of the Hungarian National Bank (NMB), in InfoRádió’s Aréna program. According to him, the rate of inflation may begin to slow down at the end of the year or at […]
MOL Succeeds in Getting Druzhba Pipeline Oil Flowing Again
Hungarian oil and gas company MOL has succeeded in its negotiations with Ukraine and Russia to restart oil flows via the Druzhba pipeline to Hungary, Slovakia and Czechia, by paying the transit fee for the Ukrainian section of the pipeline, MOL told MTI on Wednesday.
Corporate Tax Can Be Paid in EUR, USD
Two government decrees published on Tuesday eliminate a 13% employer contribution for a tax that already applies to performers, journalists and associated professions (ekho) and allow corporate tax to be paid in US dollars or euros as well as forints.