Socialists Urge Euro Adoption
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.
Economy
2021 Budget Aimed to Maintain Medical Preparedness, Boost Economic Growth
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.
Government Launches New Programme to Support Hungarian Businesses
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.
Parliament Approves 2021 Budget
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.
April lockdown causes trade volume to plunge
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.
Rebooting economy requires cutting red tape
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.
Euro area bank interest rate statistics: May 2020
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 […]
Online Tax Returns System Applies to All Businesses From Now On
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.
Incoming Production, Research Capacities Crucial for Hungarian Economy
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 decline to 1.7% in May
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.