Hungary issues USD 4.25 billion of dollar bonds

Hungary issued 4.25 billion dollars of dollar bonds in a transaction that was four times oversubscribed, under favourable conditions, at a low interest rate and long,10- and 30-year maturities, Finance Minister Mihaly Varga said in a video posted on Facebook on Wednesday.

Industrial output up 8 percent in July

Industrial output in Hungary grew by an annual 8 percent in July, reaching levels last seen before the pandemic, the Central Statistical Office (KSH) confirmed in a second estimate on Tuesday.

Finance minister calls for ‘significant’ minimum wage rise

A "significant" minimum wage hike is needed to retain Hungary's current advantage against other European countries in restarting the economy after the coronavirus pandemic, Finance Minister Mihaly Varga said after talks with Laszlo Parragh, the head of the Hungarian Chamber of Commerce and Industry.