Socialists submit bill on making minimum wage tax-exempt
The opposition Socialist Party on Tuesday said it has submitted a bill to parliament that would make the minimum wage tax-exempt and reduce the income tax for low earners.
Szijjarto negotiates Swiss deals aimed at job creation in Hungary
Hungary's minister of foreign affairs and trade has signed deals in Switzerland concerning investment projects in Hungary worth a combined 14 billion forints (EUR 38.8m), expected to create 220 new jobs.
Matolcsy: Hungary can learn from UAE’s success
Gyorgy Matolcsy, the governor of the National Bank of Hungary, has said Hungary should look to the United Arab Emirates as an example for achieving economic success. The UAE is a regional leader in some 100 indicators of development and is seen as the ...
Official highlights importance of preventing bankcard, online fraud
Notwithstanding last year's 70,000 fraudulent bankcard transactions costing 1.3 billion forints (EUR 3.6m), Hungary is among Europe's safest countries for online bankcard payments both in terms of the volume and value of transactions, according to finance ministry state secretary Andras Tallai.
Karacsony: Participatory budget deepens democracy
The participatory budget, a new form of political engagement, is deepening democracy, Gergely Karacsony, the mayor of Budapest, said at the first meeting of the city's participatory budget held online on Saturday.
Finance minister: V4 poised to be Europe’s engines of growth again
The Visegrad Group countries aim to reclaim their place as Europe's engines of growth once the coronavirus pandemic is over, Finance Minister Mihaly Varga said after a video call with his V4 counterparts on Thursday.
Construction sector output falls by 16.1 percent
Output of Hungary's construction sector declined by an annual 16.1 percent in February, albeit from a high base, the Central Statistical Office (KSH) said on Thursday.
Fiscal Council gives 2021 budget amendments the all-clear
Hungary's Fiscal Council noted on Thursday the deficit target in the 2021 budget would have to be raised. The government earlier said it would raise the 2021 deficit target, calculated according to European Union accounting rules, from 2.9 percent to 7.5 percent of GDP.
February industry output up 1.9 percent yr/yr
Hungarian industrial output grew an annual 1.9 percent in February after declining by 6.7 percent in January, the Central Statistical Office (KSH) confirmed in a second reading on Wednesday.
Hungary external balance indicators improve in 2020
Hungary's external balance indicators improved last year, in spite of the pandemic, the National Bank of Hungary (NBH) said in its quarterly Balance of Payments Report published on Tuesday.
