Deal reached to hike minimum wage 4 percent
A deal was reached on Monday to hike the minimum wage by 4 percent from Feb. 1. The monthly minimum wage for unskilled workers before tax will rise from 161,000 forints (EUR 450) to 167,400, while skilled workers will receive 219,000 forints, up from ...
Tenfold increase in Asian rail freight traffic at Zahony
There was a nearly tenfold increase in the number of Chinese freight container trains arriving in Hungary through the Zahony transshipment station last year compared to 2019, daily Magyar Nemzet said on Monday.
Union rejects 4 percent minimum wage hike
Union association MASZSZ will reject a 4 percent minimum wage hike offered by employers and government representatives for 2020.
Court dismisses suit claiming state institutions liable in brokerage cases
A Budapest court has dismissed a suit by the victims of the so-called brokerage scandals who sought damages from the Hungarian central bank, the state and the State Audit Office.
Minimum wage could rise by 4 percent from February
The Ministry of Innovation and Technology (ITM) will put together a draft agreement which could see the minimum wage increased by 4 percent from the start of February, two members of VKF, a forum of employers, unions and the government responsible for wage talks ...
Fidesz: Chain Bridge revamp to cost HUF 5 billion more than previous leadership’s plan
Construction company A-Hid's renovation of Budapest's landmark Chain Bridge will cost 5 billion forints more than it would have done under Budapest's previous leadership, the Fidesz-delegated member in the city's transport centre BKK said on Tuesday.
German firms to invest HUF 4 billion Hungary
Three major German companies have decided to plough a total of 4 billion forints (EUR 11.1m) into investments in Hungary, Peter Szijjarto, Hungary's minister of foreign affairs and trade, said in Budapest on Monday.
Karacsony: Employers, employees looking to government to compensate Budapest for lost revenues
The coordination council of employers, employees and municipal representatives (Foet) has suggested that Budapest should be compensated from central coffers for lost business tax revenues so that "it can perform its public tasks at a high level", Mayor Gergely Karacsony said on Facebook.
Szijjarto: Japanese companies in HUF 6.5 billion of Hungary investments
Three Japanese automotive suppliers are making investments of 6.5 billion forints (EUR 18.0m) in Hungary, with Hungarian government support worth 2 billion, Peter Szijjarto, the minister of foreign affairs and trade, said on Tuesday.
American magazine selects Hungary as one of the 10 most popular investment destinations for the third time in a row
Szijjarto: Hungary continues to attract massive FDI during pandemic
Foreign direct investments in Hungary amounted to an unprecedented 1,676 billion forints (EUR 4.7bn) during the pandemic last year, the minister of foreign affairs and trade said in an interview on Sunday.
