Wages grow 7.9 percent in July

Wages in Hungary grew by an annual 7.9 percent in July from 3.5 percent in in the previous month, the Central Statistical Office (KSH) said on Wednesday.

Magyar Suzuki restarts production

Japanese car maker Suzuki is restarting production at its plant in Esztergom, northern Hungary, on Monday, after a two-week shutdown due to supply chain interruptions, Magyar Suzuki told business daily Vilaggazdasag.

Szijjarto inaugurates Schaeffler plant in western Hungary

Trade turnover between Hungary and Germany is expected to hit a record and surpass 60 billion euros this year, Peter Szijjarto, the minister of foreign affairs and trade, said on Friday in Szombathely in western Hungary, where he attended the inauguration of a new ...

Consultations start on next year’s minimum wages

Consultations have started on next year's minimum wage and the minimum wage for skilled labourers at the VKF, a forum of employers, unions and the government, the innovation and technology ministry said on Tuesday.

Finance minister calls for ‘significant’ minimum wage rise

A "significant" minimum wage hike is needed to retain Hungary's current advantage against other European countries in restarting the economy after the coronavirus pandemic, Finance Minister Mihaly Varga said after talks with Laszlo Parragh, the head of the Hungarian Chamber of Commerce and Industry.

PPI climbs close to 15 percent in July

Factory gate prices in Hungary climbed an annual 14.8 percent in July, the fastest rate in years, data released by the Central Statistical Office (KSH) on Thursday show.