Guest nights fall 69.7 percent in March

The number of guest nights at commercial accommodations in Hungary fell by an annual 69.7 percent to 224,000 in March due to pandemic restrictions, the Central Statistical Office (KSH) said on Tuesday.

Palkovics: Hungary, Austria reject European minimum wage

Hungary and Austria believe that setting a minimum wage from Brussels would be ill-advised due to large differences in the level of development between European Union member states, Laszlo Palkovics, the minister of innovation and technology, said on Saturday.

Minister: Minimum wage regulations should remain member state competency

Hungary accepts the European Union's guidelines on the minimum wage but maintains that the issue should be regulated by the member states, Laszlo Palkovics, the innovation and technology minister, said after talks with Ana Mendes Godinho, the Portuguese labour and social affairs minister, in ...

Corinthia announces first hotel in United States

Czech hotel group CPI to manage Budapest Marriott

CPI Hotels, one of the largest hotel groups in the Czech Republic, has added two Marriott Hotels to its portfolio: the Courtyard by Marriott Budapest City Center and the other in Prague. While both hotels will retain the Marriott brand, complete with all the ...

Govt awards Flex grant for HUF 8.9 billion investment

Peter Szijjarto, the minister of foreign affairs and trade, on Tuesday awarded the local unit of contract electronics maker Flex a 3.6 billion forint (EUR 10.0m) government grant to support 8.9 billion forints of investments at the company's bases in Zalaegerszeg and Sarvar, in ...

Gross wages average HUF 414,400

Gross wages in Hungary grew by an annual 9.8 percent in February, the Central Statistical Office (KSH) said on Thursday. Gross wages averaged 414,400 forints (EUR 1,144) and 275,600 after tax.

Jobless rate falls to 4 percent

Hungary's jobless rate fell to 4 percent in March, down 0.5 percentage point from the previous month, but climbing 0.4 percentage point from twelve months earlier, the Central Statistical Office (KSH) said on Wednesday. The rate covers unemployment among people between the ages of ...