Adopting the European currency and thus “stabilising” the country’s position in the European Union is “clearly” in Hungary’s interest, opposition Socialist MEP István Ujhelyi said on Facebook on Sunday.
The government has two key aims with next year’s budget, to maintain the state of medical preparedness in view of the novel coronavirus epidemic and to support economic growth as much as possible, Finance Minister Mihály Varga told public Kossuth Rádió on Sunday morning.
The government is launching a new programme to support Hungarian businesses that commit to investing at least 560 million forints (EUR 1.6m) to save jobs in view of the coronavirus pandemic, Foreign Minister Péter Szijjártó said on Saturday.
Lawmakers approved the government’s 2021 budget which the finance minister said had been dedicated to economic protection and maintaining a state of preparedness to the novel coronavirus epidemic.
The lockdown to contain the spread of the novel coronavirus caused double-digit declines in Hungary’s exports and imports in April, a second reading of data released by the Central Statistical Office (KSH) shows.
Cutting red tape related to jobs administration will accompany measures to reduce the tax burden when it comes to rebooting the economy, Mihály Varga, the finance minister, said after a meeting of the operative board for protecting the economy.
The composite cost-of-borrowing indicator for new loans to corporations and for new loans to households for house purchase remained broadly unchanged in May 2020, at 1.46% and 1.42%, respectively. In the same month, the euro area composite interest rate for new deposits with agreed maturity from corporations decreased by 5 basis points to -0.10%, driven by the […]
The government has expanded its online tax accounting system, heralding a new era in tax returns and efforts to whiten the economy, a finance ministry official has told MTI in an interview.
The success of the Hungarian economy depends greatly on the production and research capacities investors bring to the country, Péter Szijjártó, the foreign affairs and trade minister, told public media.
Industrial producer prices in Hungary grew by an annual 1.7% in May, slowing from 3.7% in the previous month, the Central Statistical Office (KSH) said.