Tag: retirement

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Hungary confirms introduction of retirement bond in autumn

May 30, 2019, 12:00 pm
There will be a new retirement savings instrument in Hungary, Finance Minister Mihály Varga confirmed on Thursday. The Hungarian government plans to introduce retirement bonds this autumn, timed to not... 

Hungary 2019 pension hike: additional HUF 3,500 a month

January 4, 2019, 12:32 pm
Pensions will be raised by 2.7% in Hungary in 2019, and the higher sums will be transferred to bank accounts on 11 January and postmen will start deliveries on 16 January, a government official has announced... 

Hungarian pensioners dissatisfied - Are they really paid so little?

December 14, 2018, 3:55 pm
The Hungarian Pensioners’ National Representation (NYOK) is asking Prime Minister Viktor Orbán to revisit the 2.7% pension raise planned for 2019, arguing that the recognition of the elderly population... 

Hungary FinMin reveals details about new retirement bond

November 22, 2018, 3:08 pm
Hungary plans to launch a new retirement bond to complement already available retirement savings programmes on the market, such as private pension funds, Finance Minister Mihály Varga confirmed in an interview... 

Hungary FinMin announces launch of new retirement bond

November 16, 2018, 8:11 am
The initial plans are ready for the state to enter the pension market, said Hungary’s Finance Minister late on Thursday. Mihály Varga told broadcaster Echo TV that they intend to issue a retirement... 

Hungary to top up pensions in November, PM Orbán confirms

September 28, 2018, 9:23 am
Hungary will pay an extra to pensioners, a so-called ‘premium’, this year as well, Prime Minister Viktor Orbán has confirmed on Friday in an interview with public radio MR1. He said Finance... 

Hungary is the worst country to live in when you are old

September 18, 2018, 12:01 pm
Hungary is at the very bottom of the ranking listing the best countries to live in when you are old. Hungary scored merely 23 out of the maximum 100 points, while Norway, ranked No.1, scored 65. The... 

Hungarian pensioners seen receiving 'premium' this year and next

September 11, 2018, 8:12 am
The Hungarian state paid a ‘premium’ to pensioners in 2017 for the first time, and in view of the better-than-expected preliminary economic growth data this is most likely to happen this year... 

Hungarian gov't to add HUF 24,000 to average pension in November

October 13, 2017, 9:10 am
As the November deadline is approaching, we hear more and more about the end-year pension bonus. This time Economy Minister Mihály Varga touched upon the matter in a home for the elderly on Thursday.... 

Hungary EcoMin promises easier job terms for retirees

October 12, 2017, 5:01 pm
At its meeting on Thursday, Hungary’s National Competitiveness Council has addressed possible incentives to adult learning and ways to improve the current labour situation. Economy Minister Mihály... 

Knock, knock! Who's there? It's your Christmas present from Mr. Orbán!

December 1, 2016, 3:52 pm
The Hungarian government’s decision to raise pensions by 1.6% next year instead of 0.9% pencilled in for 2017 will increase budget expenditures by 56 billion forints, the minister leading the Prime... 

Two charts on the impact of higher retirement age in Hungary

August 2, 2016, 12:14 pm
As a consequence of a gradual increase in the statutory retirement age and the tightening of other parameters of the pension system Hungarians retire at an ever higher age. The latest study by the National... 

Hungary's Orbán government pays 13th-month pension - and more

April 26, 2016, 10:00 am
Over a period of six years the Hungarian government has brought back the 13th month pension and even more, Portfolio’s calculations revealed. Prime Minister Viktor Orbán’s cabinet paid 282... 

Hungary announces 2016 pension hike rate

November 20, 2015, 10:22 am
Pensions in Hungary are set to rise 1.6% next year, Human Resources Minister Zoltán Balog said on Friday. The hike will be across the board, including retirement pensions, pension benefits for orphaned... 

Hungarians eye retirement, save up for housing

October 27, 2015, 4:33 pm
Besides government securities and investment funds it is saving co-operations for housing and savings for retirement will become the top selling products on the Hungarian savings market in the next three... 

This is what Hungary's Fidesz party fears the most

August 28, 2015, 11:37 am
Hungary’s ruling Fidesz party is terrified of a petition for a referendum that seeks to ensure retirement for men with 40 years of employment under their belt, weekly Figyelő reported. “[...]... 

A single response that could ravage Hungary's entire pension system

July 27, 2015, 7:51 am
There can be a referendum held in Hungary which seeks to allow men to retire after 40 years on the job. This is the question and the possible question that threatens the sustainability of the country’s... 

Hungary Q3 employment almost 4 million

October 29, 2013, 9:10 am
A total of 3.989 million were employed in Q3 2013 in Hungary, 54,000 more than a year earlier, according to the Central Statistics Office. The increase was driven by rising employment in the industrial... 

Hungary OTP CEO says will not retire, use funds from share sale in agri sector

July 24, 2013, 1:15 pm
After meeting with a select group of journalists in the morning, Sándor Csányi, Chairman-CEO of Hungary’s OTP Bank, has announced on Wednesday that his selling of more than 10 billion forint worth... 

Hungary OTP Bank denies rumour on CEO Csányi's health-related retirement plans

July 21, 2013, 11:16 pm
Sándor Csányi, Chairman-CEO of OTP, Hungary’s largest bank, is preparing for his retirement, the online version of daily Magyar Nemzet reported on Sunday. The portal said his decision could be related... 
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