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 ...

Szijjarto: Audi to expand tools plant in NW Hungary
Audi Hungaria is expanding its tools plant in Gyor, north-west Hungary, investing 3.8 billion forints (EUR 10.5m), Peter Szijjarto, the minister of foreign affairs and trade, said on Tuesday.

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 ...

Szijjarto: Ericsson in HUF 3 billion expansion of R and D hub
Ericsson Magyarorszag is implementing a 3 billion forint (EUR 8.3m) expansion of its R and D hub in Budapest using a 600 million forint non-refundable government grant, Peter Szijjarto, the minister of foreign affairs and trade, said on Tuesday.
Global minimum corporate tax rate would be ‘violation of sovereignty’
An effort backed by United States President Joe Biden to introduce a global minimum corporate tax rate is a "violation of financial sovereignty", state secretary for tax affairs Norbert Izer said in Monday's issue of daily Magyar Nemzet.