PM announces new interest-free loan to SMEs
Orbán: Government launches action plan to reopen economy
As part of its action plan to relaunch the economy after the coronavirus pandemic, the Hungarian government has decided to introduce a new interest-free loan to help SMEs, Prime Minister Viktor Orbán said on Thursday. SMEs can raise an interest-free loan with ten-year maturity ...
Retail sales fall 3.2 percent in December, edge down 0.2 percent for year
Retail sales in Hungary fell by annual 3.2 percent in December, the Central Statistical Office (KSH) said.
Wages grow 8.6 percent yr/yr in November
Annual wage growth in Hungary was 8.6 percent in November, edging down from 8.8 percent in the previous month, the Central Statistical Office (KSH) said.
Government green-lights the use of any coronavirus vaccine used to inoculate over one million people worldwide
Restrictions to remain in place until March 1
Coronavirus-related restrictions will remain in place until March 1, Gergely Gulyas, the head of the Prime Minister's Office, told a regular press briefing. The government made the decision after a meeting of the operative body responsible for handling the epidemic on Wednesday. Since being ...
Unemployment at 4.3 percent in December
Hungary's three-month rolling average jobless rate was 4.3 percent in December, edging up 0.2 of a percentage point from the previous month, the Central Statistical Office (KSH) said on Thursday.
Consumer, business confidence improve
Consumer and business confidence improved in January from the previous month, economic research institute Szazadveg's gauges of sentiment show.
The two countries have also agreed to extend a long-term gas supply contract
Hungary purchasing enough Russian vaccine to inoculate one million
Hungary is purchasing two million doses of Russia's Sputnik V vaccine, sufficient to inoculate one million people, Foreign Minister Peter Szijjarto said after talks with Sergei Lavrov, his Russian counterpart, in Moscow on Friday.
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.
PM advisor: Hungary could become forerunner in region
Hungary's economy could grow by up to 6 percent this year and expand by even 6 to 7 percent in 2022, leaving neighbouring countries behind to become a forerunner in the region, Marton Nagy, senior economic advisor to Prime Minister Viktor Orbán, told commercial ...
Under 25s to receive PIT exemption from next year
Orbán: Hungary’s capacity to carry out vaccinations exceeds supplies
Hungary's capacity to carry out vaccinations well exceeds vaccine supplies, Prime Minister Viktor Orbán said on Friday, adding that the process may accelerate if the Hungarian authorities approve a Chinese vaccine, a decision which could be made within days.
