Retail sales down 0.3 percent in November

Retail sales in Hungary edged down an annual 0.3 percent in November as vehicle fuel and non-food sales dropped, the Central Statistical Office (KSH) said on Thursday. The decline slowed from a 2.4 percent year-on-year fall in October.

Wages up 8.8 pc yr/yr in Oct

Gross wages in Hungary grew by an annual 8.8 percent in October, level with the increase in the previous month, the Central Statistical Office (KSH) said.

Croatia LNG terminal starts delivery

The state-owned Hungarian Electricity Works (MVM) on Monday said the Croatian unit of its gas trading company MFGK took its first liquefied natural gas (LNG) delivery from the newly commissioned LNG terminal off the Croatian island of Krk.

Tax cuts to continue in 2021

Families looking to buy homes and small businesses will be among the beneficiaries of the government's tax cuts in the year ahead, finance ministry state secretary Andras Tallai said in an interview in daily Magyar Nemzet's Saturday edition.

Investments by Bavarian companies to save hundreds of jobs, Szijjarto says

Foreign minister has talks with BMW leaders in Munich

German car maker BMW will use its plant in Debrecen, in eastern Hungary, as the focal point of its electric car production strategy, Foreign Minister Peter Szijjarto said in Munich on Wednesday, following talks with BMW leaders.

Mercedes invests HUF 50 billion to make electric cars in Hungary

German car maker Mercedes-Benz will invest 50 billion forints (EUR 141m) at its plant in Kecskemet, in central Hungary, to add fully electric vehicles to the production palette, Peter Szijjarto, the minister of foreign affairs and trade, said on Monday.

Hungary, Singapore strengthen FinTech cooperation

The National Bank of Hungary (NBH) on Wednesday signed a cooperation agreement with the Monetary Authority of Singapore (MAS) to strengthen cooperation in FinTech innovation between their countries.