Economy

Trenkwalder's latest survey shows a noticeable increase in hourly wages for skilled and semi-skilled workers in Hungary.

The employers' association MGYOSZ has now also declared its agreement in principle to the government's desire to raise the minimum wage to 50% of “regular gross pay”.

S+P Global Ratings affirmed its 'BBB-/A-3' long- and short-term foreign and local currency sovereign credit ratings on Hungary.

The prime minister said the action plan aimed to boost purchasing power, ensure affordable housing and scale up SMEs with the launch of the Demjan Sandor Programme.

The nationwide stock of modern industrial and logistics properties reached 5.3 million sqm at the end of the third quarter, with new additions in the capital region and regional markets.

In September 2024, the average number of employed persons aged 15–74 decreased by 32 thousand to 4 million 699 thousand compared to the same period of the previous year. The historically high level of employment in September last year played a significant role in ...

The targets could be reached if GDP growth accelerated and inflation stayed predictably low.

Minister Varga noted that international financial systems had proven resilient even when financial stability was under threat during the pandemic and after the outbreak of the war in Ukraine.

The used car market continued to show strong momentum in September, with an 11.5% increase in sales.

As expected, the central bank has left the key interest rate at 6.5%.