Mediaworks Suspends Világgazdaság, Figyelő Print Copies
Mediaworks Hungary is suspending the printed editions of business daily Világgazdaság and the weekly Figyelő indefinitely.
Adam
Economy
Jobbik Urges Higher Wages for Police
Opposition Jobbik is urging higher wages for police.
Support for Local Councils to Increase Next Year
Support available for local councils will increase by 95 billion forints (EUR 238m) next year, Finance Minister Mihály Varga said on Tuesday.
Weekly 500-700 Petrol Stations May See Fuel Shortage
Some 500-700 petrol stations could be without fuel every week despite the fact that there are no significant problems with supplies in the market, the deputy leader of the opposition Democratic Coalition (DK) said, citing a report by daily Népszava.
Policymakers Hike Base Rate 185 BP to 7.75%
Hungarian rate-setters (NBH) raised the base rate by 185 basis points to 7.75% at a monthly policy meeting on Tuesday.
‘Unacceptable’ Ryanair Passing on Special Tax to Customers
The government considers it “unacceptable” that low-cost airline Ryanair wants to pass on the tax on excessive profits to customers with retroactive effect, government spokeswoman Alexandra Szentkirályi said.
Government to Help Hungarian Businesses to Expand in Foreign Markets
Hungary’s government will help Hungarian-owned businesses to expand in foreign markets by all means at its disposal, Péter Szijjártó, the minister of foreign affairs and trade, told a foreign trade conference in Budapest.
Car Industry ‘Facing Severe Challenges’
Like the economy of Europe as a whole, its car industry faces grave challenges in the coming period, the minister of foreign affairs and trade has said.
House Speaker Discusses Economic Cooperation With Vietnamese Counterpart
Vietnam is Hungary’s key partner in South-East Asia, Speaker of Parliament László Kövér said on Monday, after talks with Vuong Dinh Hue, the head of Vietnam’s National Assembly.
Bad News: One Euro Costs 404 HuF
This morning, the forint reached another negative peak against the euro: at 6 a.m. 400 forints had to be paid for 1 euro, but around 9:00, the national currency began to deteriorate rapidly, and around 11:00 the EU currency was worth more than 404 forints, writes HVG.