Jobless Rate Falls to 3.3% in June
Hungary’s jobless rate reached 3.3% in June, falling from 3.5% in the previous month and from 4.0% twelve months earlier, data released by the Central Statistical Office (KSH) on Thursday show.
Adam
Economy
Airbus Helicopter Parts Plant Inaugurated in South Eastern Hungary
European aircraft maker Airbus inaugurated a 2.2 billion forint (EUR 5.4m) helicopter parts plant in Gyula, in south-eastern Hungary, on Thursday.
Central Bank Raises Base Rate By 100 BP
Hungarian central bank (NBH) rate-setters raised the base rate by 100 basis points to 10.75% at a regular policy meeting on Tuesday.
End-June Budget Deficit HuF 2,892 BN
Hungary’s cash-flow-based budget deficit, excluding local councils, came to 2,892.3 billion forints (EUR 7.2bn) at the end of June, the Finance Ministry confirmed in a detailed reading of data on Friday.
Hungary Aids Ukraine Grain Deliveries
Hungary is aiding the transport of Ukrainian grain by expediting legal procedures and the transfer of goods on the border, a state secretary of the interior ministry told a press conference in Eperjeske, in eastern Hungary, on Friday.
Hungarian Forint Weakened on Friday Morning
Hungarian forint weakened on Friday morning against the main currencies compared to the exchange rate of the previous evening in international foreign exchange trade.
That’s how much more electricity and gas become more expensive than the “average consumption”
The government commissioner responsible for maintaining the overhead reduction held an extraordinary briefing on the details of the overhead reduction on the M1 TV channel. Szilárd Németh admitted that it cannot be maintained that everyone receives energy and natural gas at reduced utility prices – Portfolio.hu summarized based on the live broadcast. The government’s decisions […]
Hungarian Forint Was Stronger on Thursday Morning
The forint showed a strengthening on Thursday morning.
Opposition Slams Government for ‘Austerity’, ‘Threatening Livelihoods’
Opposition parties on Wednesday slammed the government’s decision to restrict the utility price protection scheme and change the itemised tax for small businesses (kata), saying the measures spelled austerity and tax raises for millions of people.
Mi Hazánk Encourages Voters to Flood Top Court With Appeals Against Small Business Tax
The opposition Mi Hazánk party has suggested that voters should directly appeal to the Constitutional Court against recent changes to the small business tax (kata), party head László Toroczkai said on Tuesday, adding that a template would be offered on Mi Hazánk’s website.