Cap on Household Bills Remains in Force Up to Level of Average Consumption
The cap on energy bills will remain fully in force for households that do not exceed average consumption, according to a government statement on Thursday.
Adam
Economy
PM: KATA Tax Misused By Companies
Regarding the itemised tax for small businesses (kata), changes to which have triggered protests in Budapest this week, Orbán said the tax was originally created to offer a simple and easy-to-handle tax for small businesses providing for private customers.
Jobbik Calls on Novák to Convene ‘National Crisis Council’ Over Economic Crisis
Jobbik is turning to President Katalin Novák to convene a “national crisis council” of all parliamentary parties, employees and employers’ associations, to discuss the handling of “the economic crisis”, party leader Márton Gyöngyösi told a press conference.
Hungary Committed to Preserving Ecosystems
The global framework strategy addressing biodiversity and climate change must explore the main causes of biodiversity loss and mandate that biodiversity conservation requirements be integrated into the objectives of the sectors it affects, a deputy state secretary of the agriculture ministry said in Prague, addressing an informal meeting of EU environment ministers.
Number of Job Listings Up One-Quarter
The number of job listings increased by 25% in the second quarter from the same period a year earlier, according to a report by jobs portal Profession.hu.
Government Declares State of Energy Emergency
Hungary’s government has declared a state of energy emergency and has approved measures that will include limiting the caps on household gas and electricity bills to average consumption levels from Aug 1, the prime minister’s chief of staff said.
Parliament Passes Hungary’s 2023 Headline Budget
Parliament on Tuesday passed into law the main figures of the government’s 2023 budget. The headline budget passed with 121 votes for and 57 against.
Hungary, Romania Step Up Energy Security Cooperation
Hungary and Romania are in talks on creating new transport routes for nuclear fuel rods and increasing the capacity of the gas interconnector between the two countries, Péter Szijjártó, the minister of foreign affairs and trade, said in Bucharest on Tuesday.
Forint Strengtened to EUR 410.30 After 200 BP Rate Hike
The forint strengthened to around 410.30 to the euro shortly after the central bank raised the base rate by 200 basis points on Tuesday.
Hungary Central Bank Raises Base Rate By 200 BP
Hungarian rate-setters raised the central bank’s base rate by 200 basis points, to 9.75%, at an extraordinary meeting on Tuesday.