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Economy Minister: Hungary In No Rush To Adopt Euro

2018, March 26 - 11:00
Until Hungary’s economic performance approaches the average of the euro zone or Germany, there is no need to rush the adoption of the euro, Economy Minister Mihály Varga said in an interview published in Saturday’s issue of daily Magyar Hírlap.

Hungary Wage Growth Nearly 14% In Jan

2018, March 21 - 10:02
The average gross monthly wage in Hungary grew by an annual 13.8% to 310,800 forints (EUR 1,000) in January, the Central Statistical Office (KSH) said. Net wages climbed at the same pace, reaching 206,700 forints.

Most EU Funding For Hungary Awarded

2018, March 21 - 10:00
All bar 8% of European Union funds available to Hungary for the 2014-2020 funding period have been awarded, business daily Világgazdaság said.

Fitch Affirms Hungary ‘BBB-’Rating, ‘Positive’ Outlook

2018, March 12 - 10:02
Fitch Ratings has affirmed Hungary’s sovereign rating at ‘BBB-’, just over the investment grade threshold, in a scheduled review. The outlook for the rating is ‘positive’.

CJEU: Hungary Law Ending Usufruct Contracts With Foreigners Violates EU Principle

2018, March 7 - 13:00
The Court of Justice of the European Union (CJEU) on Tuesday ruled that the Hungarian legislation terminating usufructuary contracts with foreign beneficiaries violates the European Union principle of the free movement of capital.

S+P Affirms Hungary ‘BBB-/A-3’ Rating; Outlook ‘Positive’

2018, February 19 - 10:01
Standard & Poor’s Global Ratings on Friday affirmed Hungary’s “BBB- /A-3” long- and short-term foreign and local currency sovereign credit ratings.

'Winter Office Vol.2' By Design Terminál, Budapest, 2 February

2018, February 2 - 10:14
Last time we have found out that joyful co-working is also possible in wintertime, powered by mugs of mulled wine, so Winter Office is back by popular demand for a February round! This time we reconquer the Buda side and set up camp at @Majorka.

Economic Cooperation Signed With Sierra Leone

2018, January 31 - 10:18
Sierra Leone’s comprehensive economic strategy matches well with the Hungarian, making it a perfect target for successful investments, Foreign Minister Péter Szijjártó said in Budapest on Tuesday at a joint press conference with Kaifala Marah, his Sierra Leonean counterpart.

Hungary Jobless Rate Reaches 3.8%

2018, January 31 - 10:10
Hungary’s rolling average threemonth jobless rate reached 3.8% in October-December, unchanged from the previous three-month period, the Central Statistical Office (KSH) said. The October-December rate fell from 4.4% in the same period a year earlier.

Labour Shortage Drives Up Wages

2018, January 30 - 11:00
The average gross hourly wage of blue-collar workers was up 15% year-on-year in the fourth quarter to Ft 892, but for skilled workers, the annual rise was 21%, according to an analysis by recruitment agency Trendwalker.

German Business Chamber Marks 25 Years In Hungary

2018, January 29 - 11:00
The German-Hungarian Chamber of Industry and Commerce (DUIHK) launched its 25th year at an event on Thursday. DUIHK chairman Dale A Martin said the chamber would focus on ties between Germany and the region in its jubilee year.

Budapest Assembly Approves New Public Procurement Threshold

2018, January 25 - 11:00
From March 1, the forint threshold for public procurements conducted by the city of Budapest’s procurement company will be raised, following a vote in the city assembly.

Hungary Has One Of Europe’s Fastest Growing Agriculture Sectors

2018, January 25 - 11:00
‘Hungarian agriculture is one of the fastest growing agrarian sectors in Europe, and in the last 8 years it has grown by over fifty percent and created more than 70,000 jobs”, Minister of Agriculture Sándor Fazekas said at the launch of a publication by the Alliance for Hungarian Agriculture.

Employment Among Older Working Generation Below EU Average

2018, January 18 - 10:00
The rate of employment among Hungarians in the 55–64 age group lags behind the EU average, according to a publication by the Central Statistical Office (KSH) entitled “Silver Age – The Older Generation in Hungary, 2016,” cited in a report by economic news website vg.hu.

Govt To Launch Online Invoicing System In July

2018, January 18 - 09:15
The government, as part of its efforts to further whiten the Hungarian economy, will launch an online invoicing system in July, the economy ministry said.

9 Mészáros Family Businesses Receive USD 1.85 Billion Worth Of State Contracts Since 2010

2018, January 18 - 09:12
Companies owned by Lőrinc Mészáros and members of his immediate family have done extremely well in recent years.

Audit Office Calls For Further Reduction Of Tax Wedge

2018, January 16 - 09:56
Hungary’s tax wedge - a measure of the tax on labour income - could be reduced further, the head of the State Audit Office (ÁSZ) said in an interview published by the daily Magyar Idők.

Hungary’s Inflation Falls To 2.1 Pc In December

2018, January 15 - 11:00
Hungarian inflation was an annual 2.1 percent in December, slowing from 2.5 percent in November, the Central Statistical Office (KSH) said on Friday. For the full year, consumer prices were up an annual 2.4 percent in 2017. Food prices rose by 3.5 percent and the price of tobacco and spirits jumped by 6.8 percent.

Furniture Manufacturing Group Ada To Expand Its Hungarian Production Capacity

2018, January 15 - 11:00
“Austrian-owned furniture manufacturing group Ada is expanding its Hungarian production capacity with an investment of 5.2 billion forints (EUR 16.8 million), towards which the Hungarian Government is providing one billion forints in non-returnable funding, 20 percent of the total cost of the project”, Minister of Foreign Affairs and Trade Péter Szijjártó announced.

Varga Presents Prize For Successful Business

2018, January 13 - 09:20
Economy Minister Mihály Varga presented the Prize for Successful Business, to three Hungarian companies for the months of November and December respectively. Automotive supplier Hydro Extrusion Hungary and Edelmann Hungary Packaging were named “investor of the month”.