Construction Sector Output Falls By 16.1% in February
Output of Hungary’s construction sector declined by an annual 16.1% in February, albeit from a high base, the Central Statistical Office (KSH) said.
Economy
Gulyás: Wage Subsidies Expanded
Wage subsidies for businesses running bars and eateries is being expanded to cover the month of May, Gergely Gulyás, the prime minister’s chief of staff, said. Bars and restaurants can start serving customers outdoors when the number of Hungarians inoculated against Covid-19 reaches 3.5 million, which is expected around the middle of next week, Gulyás […]
Hungary to Draw EUR 17 BN From EU Recovery Fund for Energy Efficient Solutions
Hungary plans to draw 16-17 billion euros from the European Union’s 750 billion euro pandemic recovery fund to fund household solar systems and energy efficient heating systems, a government official told a conference.
HuF 30 BN Support to Boost Competitiveness Scheme
The government is granting an additional 30 billion forints support to a scheme to boost competitiveness, the foreign minister said.
Szijjártó Inaugurates Ford Logistics Centre in Hungary
Car manufacturers are continuing to bring engineering, development and service facilities to Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said at the inauguration of carmaker Ford’s logistics centre in Biatorbágy, near Budapest.
Socialists Call for Making Minimum Wage Tax-Exempt
The Socialist Party will be campaigning in the upcoming opposition primary in favour of making the minimum wage tax-exempt and reducing the income tax for low earners, the party’s co-leader said over the weekend.
Hungary Retail Sales Down 5.9% YR/YR in February
Retail sales fell by an annual 5.6% in February, according to unadjusted data, the Central Statistical Office (KSH) said.
Hungary Inflation 3.7% in March
Consumer price inflation averaged an annual 3.7% in March, the Central Statistical Office (KSH) said. Analysts forecast a rise of 3.8%. CPI rose by 0.7% month on month.
Budget Deficit HuF 1,144 BN at End-March
Hungary’s cash flow-based budget, excluding local councils, was 1,144.1 billion forints (EUR 3.2bn) at the end of March, the Finance Ministry said in a preliminary release of data.
Szijjártó Opens Hungary-Romania Business Forum
Hungary sees Romania as one of its most important business partners, and has a vested interest in strengthening mutual cooperation, Péter Szijjártó, Hungary’s minister of foreign affairs and trade, said at the opening of a Hungarian-Romanian business forum in Budapest.