Tag: economy

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New family allowances attract 12,000 families in first three weeks in Hungary

July 19, 2019, 4:29 pm
Since 1 July, more than 12,000 families have applied for newly introduced family allowances including prenatal baby support, the family car purchase assistance scheme or the extended waiver of mortgages... 

New EC president appeases Hungary, Poland

July 19, 2019, 2:22 pm
Countries who rejected non-European migrants or raised concern on rule of law, such as Poland, could expect more sympathy from the European Commission, its new president, Ursula von der Leyen, has indicated... 

Hungary superbond props up Q2 gov't security volumes

July 19, 2019, 12:22 pm
The new Hungarian Government Security Plus (MÁP+) drew investments of more than HUF 880 in June, a record for a new security in its first month. Thanks to the MÁP+, the retail government securities market... 

OECD report calls for pension reform in Hungary

July 19, 2019, 9:50 am
Hungary needs to decrease administrative burdens on businesses and reduce the tax wedge on low salaries, the OECD's Going for Growth report found. A serious pension reform may also be called for if the... 

Hungary healthcare fighting up to 15% labour shortage

July 19, 2019, 8:58 am
The number of healthcare personnel missing from the Hungarian health system is more than 5% of the total, the daily Világgazdaság reported on Friday citing data from the Central Statistical Office (KSH).... 

U.S. troops officially allowed free movement in Hungary

July 18, 2019, 11:40 am
The Hungarian government has officially granted the armed forces of the United States of America free access to Hungary, according to the latest official gazette. Hungary signed a defence agreement... 

Hungary superbond attracts HUF 1,200 bn investment as demand falls

July 17, 2019, 9:56 am
Demand for the new Hungarian Government Security Plus (MÁP+) retail bond decreased slightly last week, when the HUF 100 billion lot offered by the Government Debt Management Centre (ÁKK) was nearly sufficient... 

5,000 more Hungarians move to Germany

July 16, 2019, 4:53 pm
The number of immigrants to Germany last year was 400,000 higher than the number of those leaving the country, the German statistical office Destatis said on Tuesday. Detail statistics reveal that net... 

Hungary construction industry slows as orders dry up

July 16, 2019, 9:25 am
The volume of construction output was 26.3% higher in May 2019 than a year earlier but 0.6% lower than in April, the Central Statistical Office (KSH) said on Tuesday. It appears the period of 40 to 50%... 

Hungary to lower taxes by HUF 80 billion in 2020

July 15, 2019, 4:36 pm
Hungarians will have to pay 80 billion forints less in taxes next year, a Finance Ministry official told daily Magyar Nemzet on Saturday, after lawmakers adopted the 2020 budget and changes to the tax... 

Hungary key indicator rises to all-time high

July 15, 2019, 3:37 pm
The flood of EU funds and the reform of the institutional system in 2014 has resulted in a jump in Hungary’s Research & Development spending to 1.49% of GDP in 2018 from 1.35% in 2017, the updated... 

Hungary FinMin Varga reaffirms bold objective set by PM Orbán

July 15, 2019, 11:33 am
Hungary’s Finance Minister Mihály Varga has addressed and evaluated the 2020 budget several times after lawmakers passed the budget bill. In an interview with public radio on Sunday Varga stressed... 

Hungary passes HUF 6,000 bn mark in disbursing EU funds

July 15, 2019, 10:55 am
The amount of European Union funds from the EU's 2014-2020 development budget allocated by Hungarian authorities has passed the HUF 6,000 billion mark by early July, which means the government has used... 

Number of temp workers in Hungary hits 270,000 in June

July 15, 2019, 9:23 am
The number of registered temporary workers in Hungary was 269,000 in June, compared to just 166,000 five years ago, the daily Világgazdaság reported on Monday. According to data from the national tax... 

Chinese data to set the tone for this week

July 15, 2019, 8:07 am
China has published its crucially important monthly data package early on Monday, and it was topped by the release of the second-quarter GDP growth statistics, so a host of investors are now contemplating... 

Hungary may revisit plan of administrative courts - Kövér

July 12, 2019, 5:00 pm
Hungary has backed off from setting up new administrative courts, a move contested by the European Commission, only over concerns that new rule of law conditions would block the reception of major EU funds... 

Citizens’ support for EU remains at its highest level since 1983

July 12, 2019, 2:42 pm
The first results of the Eurobarometer survey released by the European Parliament on Friday show that citizens’ support for the European Union remains at its highest level since 1983: Confirming... 

Hungarian lawmakers adopt 2020 budget with bold deficit target

July 12, 2019, 1:55 pm
Hungarian MPs adopted the 2020 budget bill on Friday. It set the deficit target to 1.0% of GDP for next year, which would be the lowest annual shortfall in the country ever. However, we know from Prime... 

Hungary President ratifies law stripping MTA of research network

July 12, 2019, 1:05 pm
Despite local and international outcry against the Hungarian government taking control of research institutes belonging to the Hungarian Academy of Sciences (MTA), President János Áder has on Friday ratified... 

Hungary cenbank chief Matolcsy: "We live in a new era."

July 12, 2019, 11:40 am
A friendship of several thousand years connect the Chinese and the Hungarian people; a 70-year-old diplomatic relationship connects the two countries, and we now live in a new era, “the era of Eurasia"... 
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