Hungary Trade Balance Shows EUR 117 M Deficit in February
Hungary’s trade balance showed a 117 million euro deficit in February, the Central Statistical Office (KSH) confirmed in a second reading of data.
Adam
Economy
Hungary State-Owned Cargo Plane to Start Flying to Doha
The Hungarian state’s cargo plane is set to enter into commercial service between Budapest and Doha following “intensive negotiations” with Qatar Airways, Péter Szijjártó, the minister of foreign affairs and trade, said on Saturday.
Jobless Rate Falls to 3.6% in March
Hungary’s jobless rate was 3.6% in March, falling from 3.8% in February and 4.0% in the same month a year earlier, the Central Statistical Office (KSH) said.
Magyar Suzuki Confirms Diesel Probe
The local unit of Japanese car maker Suzuki has confirmed that an investigation related to vehicles with diesel engines it produced earlier is under way, business daily Világgazdaság reports.
PM Announces Extension of Fuel, Food Price Caps Until July 1st
The government has decided to extend the caps on fuel and some staple foods until July 1, Hungary’s prime minister announced on Wednesday after a cabinet meeting.
Bulgarian, Serbian Energy Ministers Confirm Russian Gas Supplies Undisturbed
The Bulgarian and Serbian ministers in charge of energy affairs have confirmed that Russian gas supplies through Turkey, Bulgaria and Serbia to Hungary were undisturbed and in line with contract, Hungary’s minister of foreign affairs and trade said in New York on Wednesday.
The Forint Weakened in the Morning
Compared to Tuesday night, the forint weakened against major currencies on the international interbank foreign exchange market on Wednesday morning.
Hungary Central Bank Raises Base Rate By 100 BP
Hungarian central bank rate-setters hiked the base rate by 100 basis points to 5.40% at their regular meeting on Tuesday, while also expanding the two sides of the interest rate corridor by the same ratio.
Average Gross Wages Up 31.7% in February
The average gross wage of full-time employees in February was 546,000 forints (EUR 1,470), 31.7% higher than the same period a year prior, the Central Statistical Office (KSH) said. The jump in the average wage was largely linked to big salary increases for defence and law enforcement staff as well as minimum wage hikes, the […]
Construction Sector Output Could Match 2021 Levels in 2022
Output of Hungary’s construction industry could reach last year’s roughly 5,500 billion forints (EUR 14.7bn) this year, the head of industry association ÉVOSZ said at a sector conference organised by Portfolio.hu on Tuesday.