Central Bank Suggests Major Changes to Hungary’s Pension System The Central Bank of Hungary (NBH) would reform Hungary's pension scheme, according to its recently-published stabilization program. The main points... 2022.05.23.
Hungary Gas Stores at 25% Capacity There were 1.6 billion cubic metres of gas in Hungary's underground stores, just over 25 percent of capacity, by mid-May,... 2022.05.23.
Severe Shortage of Popular Hungarian Chocolate Bar ‘Balaton’ due to War Many people have noticed in recent weeks that the popular Hungarian Balaton chocolate bars have disappeared from the shelves of... 2022.05.22.
Central Bank Governor Calls for Program to Boost Competitiveness The central bank is proposing a two-year "competitiveness program" to restore the economy's "dramatically deteriorated" balance, governor György Matolcsy told... 2022.05.19.
Technology Minister Palkovics: Hungarian Industry Aiming for Europe’s Top Tier Hungarian industry must reach Europe's top tier in the coming years, László Palkovics, the candidate to head the new ministry... 2022.05.19.
Finance Minister: Budget Needs to Be Amended to Maintain Deficit Target The government will continue to improve budgetary balance, and expects to have budget deficit down at 4.9 percent and state... 2022.05.19.
Govt to Support Laid off Tungsram Employees The government is allocating funds to the re-training and re-employment of Tungsram workers laid off as the company is stopping... 2022.05.19.
Incoming Minister Nagy: Price Cap Can Stay, Retailers Can Cover Costs from Extra Profits RTL asked Márton Nagy, future Minister for Economic Development, about the price caps in Hungary. As he said, they may... 2022.05.19.
G7: Hungary Pays Much More for Russian Gas Than Other EU Countries Hungary paid the most for Russian gas within the surrounding region in February this year. The price for our country... 2022.05.18.
Incoming Min Nagy: Hungary Could Reach EU’s Average Development Level by 2030 Under the present circumstances, Hungary is in need of not just a self-sufficient economic policy but also a self-sufficient economy... 2022.05.18.
Bread Prices in Hungary Could Surpass €2 per Kilo by Summer For almost all products and foodstuffs, we can see that prices have increased enormously and the increase cannot even be... 2022.05.18.
Foreign and Trade Min Szijjártó Aims to Speed Up Paks Nuclear Plant Upgrade The results of the April 3 election have justified the government's economic policy, and the new government is planning to... 2022.05.18.
A Quarter of Hungarian Hotels Remain Closed after Pandemic More than 200 hotels have not reopened their doors in Hungary this year. But inflation has compensated for many of... 2022.05.18.
Central Bank: Double-Digit Inflation in Hungary ‘Unavoidable’ Fiscal and monetary policy will have to be coordinated to bring down inflation, and the government should focus on the... 2022.05.18.
Hungary Records Exceptional Q1 GDP Growth but Storm Clouds Already Gathering Hungary's GDP grew by an annual 8.2% in the first quarter of the year, more than most would have expected,... 2022.05.17.
Some Automotive Companies May Offer Extraordinary Raises due to Inflation and Labor Shortage Automotive companies may raise salaries during the year due to rising inflation and labor shortage, RTL News reported. The Hungarian Metalworkers'... 2022.05.17.
Trade Union Center MOSZ Calls for 15% Wage Increase to Offset Record High Inflation Wage increases amounting to at least 13-15% on average would be needed in the competitive sector in 2022 due to... 2022.05.16.
Companies Increase Membership Fees Following Budapest Taxi Tariff Hike Just a week after Budapest raised the official uniform tariffs on the city's taxis, several taxi companies have already decided... 2022.05.16.
Another Renewed Budapest Metro Section Reopens A central stretch of Budapest's Metro 3, covering Kálvin Square, Corvin, and Semmelweis Klinikák, reopened on Saturday. The opening of... 2022.05.15.
Construction Output Slows to 10.5% in March Hungarian construction sector output grew by an annual 10.5 percent in March, slowing from an increase of 38.5 percent in... 2022.05.14.
Bird Flu Detected in North-east Hungary Bird flu has been identified at a duck farm in Nyírbátor, in north-east Hungary, food safety authority Nébih said on... 2022.05.13.
