Investment Volume Up By 8.7% in Q1
Investment volume in Hungary rose by an annual 8.7% in the first quarter of 2022, supported by investments from businesses and growing activity by households, the Central Statistical Office (KSH) said.
Adam
Economy
Government Appointing 5th Government Commissioner for Regional Economic Development
The government is appointing a fifth government commissioner for economic development of defined regions of the country, Tibor Navracsics, the minister in charge of regional development and EU funds, told a press conference on Monday.
Hungary Seeks Embargo Guarantees
Arriving in Brussels for a two-day summit, Viktor Orbán said Hungary could back an EU embargo on Russian oil if it left out oil delivered through pipelines.
DK to Launch Petition Drive Against Government Plan to Scrap KATA Tax
The Democratic Coalition (DK) will launch a petition drive in protest against plans by the government to scrap the preferential Itemised Tax for Small Businesses (KATA), the opposition party’s parliamentary group spokeswoman said on Sunday.
Less Melon Expected to Grow This Year
It is expected that fewer melons will be produced this year, but producers can satisfy domestic consumption, the Association of Hungarian Melon Producers told MTI.
DK Drafts Proposals on Helping People Struggling With Inflation
The opposition Democratic Coalition (DK) has drafted proposals to help families and vulnerable people cope with high inflation, László Varju, the party’s deputy leader, told an online press briefing on Friday, noting that proposals include cutting VAT and excise taxes.
Next Year’s Draft Budget Submitted to Fiscal Council Includes 3.5% Deficit Target
The draft budget for next year submitted to the Fiscal Council sets a stricter deficit target of 3.5% of GDP and the public debt level of 73.8%, Mihály Varga, the finance minister, said on Friday.
Only Hungarians Allowed to Buy Fuel at Capped Prices From Friday
Only Hungarian cars may buy fuel at government-capped prices from Friday, cars with foreign number plates will have to pay market prices, the prime minister’s chief of staff told a regular press briefing.
Opposition Parties Comment on Windfall Taxes
Parties of the opposition have criticised the government for its Wednesday decision to make certain large companies pay a part of their extra profits to a new public utility cut fund and a defence fund. The Democratic Coalition said the government was seeking to make residents pay for its “ill-advised policies and reckless corruption”.
Jobless Rate 3.6% in April
Hungary’s jobless rate was 3.6% in April, unchanged from March, but down from 4.4% in the same month a year earlier, the Central Statistical Office (KSH) said on Thursday.