Wage growth up 10.6 percent
Wage growth in Hungary was up at an annual 10.6 percent in December, up from 8.6 percent in the previous month, the Central Statistical Office (KSH) said on Thursday.
Hungary adds 28,208 housing units in 2020
Housing completions in Hungary rose by 33.5 percent to 28,208 in 2020, an eleven-year record, the Central Statistical Office (KSH) said on Wednesday. But the number of home-building permits issued dropped by 35.8 percent to 22,556, continuing a decline started after the phase-out of ...
Directive would set starting minimums for wage talks
European Trade Union Confederation launches campaign for European minimum wage
The European Trade Union Confederation (ETUC) has launched a campaign to convince member states to stand by a European-level regulation of the minimum wage, an MEP of opposition Democratic Coalition (DK) said on Tuesday.
Central bank keeps rates on hold
Hungarian central bank (NBH) rate-setters kept the base rate at 0.60 percent at a scheduled meeting on Tuesday. The interest rate corridor was also kept at the same level.
The decline for the full year was 5.1 percent
Hungary Q4 GDP growth a pleasant surprise
Hungary's economy in 2020 declined by an annual 5.1 percent, the Central Statistical Office (KSH) said on Tuesday, based on a first estimate. GDP grew by 1.1 percent in the fourth quarter last year compared with the previous quarter and fell by 3.7 percent ...
Finance minister announces recovery plan tenders
Finance Minister Mihaly Varga announced tenders for almost 30 billion forints (EUR 83m) in funding that will be called during the week in the framework of the government's Economic Recovery Action Plan in a video message posted on Facebook on Monday.
Construction output edges 0.3 percent lower in December, contracts 9.1 percent for full year
Output of Hungary's construction sector edged down 0.3 percent year-on-year in December, the Central Statistical Office (KSH) said.
Fitch Ratings and Standard & Poor's reaffirm Hungary's sovereign debt rating
Varga: Credit rating agencies upbeat on economy
The two big rating agencies have reaffirmed their confidence in Hungary, which is classed as investment grade, suggesting that it is not only investors that have confidence in the Hungarian economy, Minister of Finance Mihaly Varga said on Facebook on Saturday.
500,000 Chinese vaccines to arrive next week
Government to introduce immunity certificate
The government has decided to introduce certificates of immunity from Covid for people who have been inoculated against or recovered from the disease, the prime minister's chief of staff said.
Hungary to complete pipeline for Azeri gas by October
Hungary will complete the missing section of the pipeline through which Azerbaijani gas is set to arrive in the country, Foreign Affairs and Trade Minister Peter Szijjarto said on Thursday.