The lockdown to contain the spread of the novel coronavirus caused double-digit declines in Hungary’s exports and imports in April, a second reading of data released by the Central Statistical Office (KSH) shows.
Cutting red tape related to jobs administration will accompany measures to reduce the tax burden when it comes to rebooting the economy, Mihály Varga, the finance minister, said after a meeting of the operative board for protecting the economy.
The composite cost-of-borrowing indicator for new loans to corporations and for new loans to households for house purchase remained broadly unchanged in May 2020, at 1.46% and 1.42%, respectively. In the same month, the euro area composite interest rate for new deposits with agreed maturity from corporations decreased by 5 basis points to -0.10%, driven by the […]
The government has expanded its online tax accounting system, heralding a new era in tax returns and efforts to whiten the economy, a finance ministry official has told MTI in an interview.
The success of the Hungarian economy depends greatly on the production and research capacities investors bring to the country, Péter Szijjártó, the foreign affairs and trade minister, told public media.
Industrial producer prices in Hungary grew by an annual 1.7% in May, slowing from 3.7% in the previous month, the Central Statistical Office (KSH) said.
Wage growth for full-time workers in Hungary slowed to an annual 7.8% in April, data published by the Central Statistical Office (KSH) show. KSH said the economic impact of the coronavirus crisis contributed to the slowdown in wage growth. Wage growth slowed for the fifth month in a row.
Ahead of the start of the German Council Presidency and of the 17 July European Council, Budgets Committee Chair Van Overtveldt set out Parliament’s position on the long-term EU budget.
National Bank of Hungary (NBH) governor György Matolcsy outlined twelve reforms he said would be necessary to preserve and increase Hungary’s success in the coming decade in an op-ed piece published on the website novekedes.hu.
Swiss sensor maker Sensirion announced plans to establish a production base in Debrecen, in eastern Hungary. The plant, being built and financed by a local “build-to-suit” partner, will meet growing demand for sensors.