Unions support planned restart tax in Budapest
Twenty trade unions have signed a declaration to express support for Budapest's plans to introduce a local "restart tax" to help municipal companies impacted by the coronavirus epidemic.
Company formation in Hungary
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Wage growth slows to 9.1 percent
Year-on-year wage growth in Hungary slowed to 9.1 percent in August from 10.8 percent in July, data released by the Central Statistical Office (KSH) on Friday show.
New regular air service to start between China, Hungary
A new air service is operating between Zhengzhou and Budapest three times a week to help relaunch fast and unhindered trade between China and central Europe, an official of the ministry of innovation and technology said.
Varga attends AmCham business forum
The United States is the biggest non-European investor in Hungary and also its biggest non-European export partner, Finance Minister Mihaly Varga said after attending a business forum of the American Chamber of Commerce in Hungary on Monday.
Government establishing unit to help companies apply AI
A key aim of the government's AI strategy is to boost the productivity of Hungarian small and medium-sized firms by employing AI technologies, the Ministry of Innovation and Technology (ITM) said on Sunday. The goal is to increase productivity by 26 percent over the ...
Construction sector contraction slows in August
Output of Hungary's construction sector fell by an annual 13.6 percent in August, an improvement after a 21.0 percent decline in the previous month, data released by the Central Statistical Office (KSH) on Friday show.
Employers’ association rejects municipal council’s new tax proposal to reboot economy
National employer federation MGYOSZ on Tuesday rejected a proposal by the Budapest municipal council to increase the business tax in an effort to help reboot the economy.
Polish-Hungarian business chamber established
A Polish-Hungarian business chamber, comprising 33 companies, was established in Warsaw on Tuesday.
The airport was privatised 15 years ago
Hungarian consortium in talks to buy Budapest Airport
A consortium of Hungarian companies and businesspeople is conducting negotiations about buying Liszt Ferenc International operator Budapest Airport from its three foreign owners, public news channel M1 said citing a report by financial news agency Bloomberg.
