Tag: economy

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Public sector workers prepare national strike

January 17, 2019, 12:28 pm
Trade unions organising the strike stated that the ‘slave law’ is unacceptable, the 400-hour cap on annual overtime work and the 36-month reference period seriously harm employees, and those... 

State-owned company workers want bigger wage increase

January 17, 2019, 9:42 am
Consultations started at public utility companies about wage convergence. Under a previously signed wage agreement, salaries would rise 5% at postal, railway, coach and water services this year, but due... 

EU new passenger car registrations rise for 11th year in a row

January 16, 2019, 5:15 pm
Although the passenger car market of the European Union has been growing constantly for 11 years, the increase was hardly detectable in 2018. The positive impact from a supportive macroeconomic and financing... 

Monetary tightening could be around the corner in Hungary - c.banker

January 16, 2019, 11:49 am
If Hungary’s core inflation reaches or exceeds 3.0%, the National Bank of Hungary (MNB) will have enough proof that monetary tightening needs to be started, MNB Deputy Governor Márton Nagy told... 

Tax for small taxpayers is increasingly popular in Hungary - FinMin

January 16, 2019, 11:41 am
The tax for small taxpayers (kata) is becoming increasingly popular in Hungary, the Finance Minister told a press conference on Wednesday. More than 315,000 businesses opted for this tax that requires... 

Hungary's 'chips tax' expected to generate HUF 57 bn this year

January 15, 2019, 4:20 pm
Hungary’s public health product tax, dubbed chips tax, will bring the health care sector 57 billion forints this year, health care economist Tamás Joó told public television M1 late on Monday. ... 

INSTANT VIEW - Hungary's inflation drops, but price pressure mounts

January 15, 2019, 2:50 pm
Hungary’s headline inflation decelerated to 2.7% in December 2018, in line with expectations, but core inflation picked up to 2.8% yr/yr from 2.6%. Here’s what analysts think of what happened... 

Has price pressure really abated in Hungary?

January 15, 2019, 12:16 pm
Inflation in Hungary decelerated further in December 2018, at least according to the headline figure published by the Central Statistical Office (KSH) on Tuesday. Meanwhile, the central bank’s (MNB)... 

It's amazing what Hungary's construction sector does

January 15, 2019, 9:01 am
The volume of Hungary’s construction sector output grew by 4.4% month on month in November 2018, the Central Statistical Office (KSH) reported on Tuesday. The sector’s output was 27.3% larger... 

Hungary's inflation decelerates in December

January 15, 2019, 9:00 am
Consumer prices in Hungary rose by 2.7% year on year in December 2018, the Central Statistical Office (KSH) reported on Tuesday. This marks a 0.4 percentage point deceleration compared to November, and... 

Hungary starts sabre-rattling as EU condemns new Austrian law

January 15, 2019, 8:12 am
After the European Commission made it clear last week that Austria’s new rules on child allowance may be in infringement of European Union regulations, the Hungarian government applied war paint... 

Euro in Hungary, Paks II cancelled - Portfolio's list of potential black swans

January 14, 2019, 5:16 pm
Numerous economists have published their estimates and projections for 2019 at the end of 2018 and early this year, and some of the prognoses were quite shocking. We at Portfolio have also given thought... 

Hungary Mol to raise motor fuel prices considerably

January 14, 2019, 2:06 pm
Hungarian oil and gas group Mol is to raise the wholesale list price of 95-octane gasoline by HUF 4 litre and that of diesel by HUF 8 per litre on Wednesday. The average price of gasoline is going to... 

Hungary is drowning in cash - Stock swells to over HUF 6 trillion

January 14, 2019, 12:07 pm
For the first time in the history of Hungary, the stock of currency in circulation exceeded 6 trillion forints, rising to HUF 6,117 billion by the end of 2018, which marks a 18.7% year-on-year growth.... 

Brexit vote to steal the show this week

January 14, 2019, 8:56 am
There are a few macroeconomic releases in the pipeline this week, but the United Kingdom will definitely steal the show. British MPs will have their say on Prime Minister Theresa May’s Brexit deal... 

Will Matolcsy remain Governor of Hungary's central bank?

January 11, 2019, 5:21 pm
“No surprise whatsoever should be expected," replied Prime Minister Viktor Orbán to a question about the mandate of central bank (MNB) Governor György Matolcsy expiring in March this year. This was... 

EUR 43 million investment announced in Hungary

January 11, 2019, 1:46 pm
Germany’s Bosch is to launch an investment project worth over 14 billion forints (EUR 43.56 million) at the Miskolc-based (northern Hungary) plant of Robert Bosch Energy and Body Systems Ltd. In... 

Hungary's Finance Minister unveils key economic figures

January 11, 2019, 11:45 am
Hungary’s Finance Minister Mihály Varga and Péter Banai, state secretary in charge of public finances, have held a joint press conference about the country’s economic performance in 2018 and... 

Hungary posts breathtaking budget surplus

January 11, 2019, 10:54 am
Hungary posted a budget surplus of nearly 400 billion forints in December 2018, Finance Ministry officials announced on Friday. This is the second-highest surplus for the month ever. The general government... 

Every sixth new car in Hungary gets resold elsewhere in the EU

January 11, 2019, 8:50 am
Vehicle sales grew further in Hungary in 2018. A total of 159,000new passenger cars and small utility vehicles were registered, while 17% of them were re-exported, i.e. these were withdrawn from circulation... 
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