Minister: Hungary needs 500,000 additional workers

Hungary's labour market is in need of 500,000 additional workers who should preferably be found on the national market before the country turns to guest workers, the economic development minister told a meeting of the National Council for Sustainable Development on Friday.

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Factory gate prices up by 29 percent in February

Factory gate prices in Hungary rose by 29.0 percent year-on-year in February, driven by dearer energy and commodities, and the weaker forint, the Central Statistical Office (KSH) said on Friday.

Trade gap widens in January

Hungary had a 413 million euro trade deficit in January, a second reading of data released by the Central Statistical Office (KSH) on Friday shows.

NBH governor addresses Boao Forum for Asia

Achieving environmental sustainability is the biggest challenge of the 21st century, Gyorgy Matolcsy, governor of the National Bank of Hungary (NBH), told the Boao Forum for Asia conference in China's southern Hainan province on Wednesday, urging a transition from quantitative to qualitative growth in ...

Gross wages up 16.1 percent in January

In January 2023 full-time employees’ gross average earnings were HUF 528,000 and average net earnings with tax benefits reached HUF 363,900. Average gross earnings grew by 16.1%, and average net earnings were 16.0% higher than a year earlier.

Hungary GDP at 77 percent of EU average

Hungarian GDP is 77 percent of the European Union average, up from 75 percent in 2022, the head of the prime minister's office said on Friday, adding that its performance belied the "crowing of leftist experts and the opinions of the central bank".

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Hungary GDP at 77 percent of EU average

Hungarian GDP is 77 percent of the European Union average, up from 75 percent in 2022, the head of the prime minister's office said on Friday, adding that its performance belied the "crowing of leftist experts and the opinions of the central bank".

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GDP could be down by 6.4 pc in 2020

The GDP of Hungary could fall by 6.4 percent this year and economic trends could start to change from the second quarter of 2021 with a vaccine against the coronavirus possibly available by that time, Finance Minister Mihaly Varga said at an annual hearing ...

Jobless rate 4.5 percent in February

The jobless number in February was 213,000, 46,000 more than in the same month a year earlier, rising 1 percentage point to 4.5 percent, the Central Statistical Office (KSH) said on Tuesday.