Wage Growth Slows to 3.5% in June Year-on-year wage growth in Hungary slowed to 3.5 percent in June from 8.2 percent in the previous month, falling under... 2021.08.31.
Investment Volume Climbs Almost 11% in Q2 from Low Base Investment volume in Hungary rose by an annual 10.8 percent in Q2, albeit from a low pandemic base, the Central... 2021.08.31.
Philip Morris Inaugurates E-Cigarette Recycling Center in Hungary Tobacco company Philip Morris inaugurated a 3 billion forint (EUR 86m) e-cigarette recycling center in Gyál, on the outskirts of... 2021.08.31.
Lake Balaton Tourism Industry Closes Successful Summer Season Despite Labor Shortage Although the guests in the localities around Lake Balaton have already disappeared, the restaurants on the "Hungarian sea" were able... 2021.08.30.
Daimler to Shut Down Production at Hungary Plant Next Week German car maker Daimler on Friday said it plans to shut down production at several Mercedes-Benz plants next week, including... 2021.08.27.
Hungary Jobless Rate Down to 3.9 % in July, Central Statistical Office says Hungary's jobless rate was 3.9 percent in July, down from 4 percent in the previous month, the Central Statistical Office... 2021.08.27.
Following Central Bank’s Base Rate Hike Forint Firms to Two-Month High In an attempt to curb inflation, the National Bank of Hungary (NBH) once again decided to raise its base rate... 2021.08.25.
Vitesco Technologies to Build HUF 47 bn Plant in Debrecen German automotive company Vitesco Technologies is to build a 47 billion forint (EUR 134m) plant in Debrecen, in eastern Hungary,... 2021.08.25.
Central Bank Leader Criticizes Gov’t for ‘Not Taking the Best Decision’ Regarding Use of EU Funds in Past Decade This week, the head of the central bank published an article on the website of pro-government Magyar Nemzet about the... 2021.08.24.
Hungary Central Bank Raises Base Rate to 1.50% Hungarian rate-setters raised the central bank's base rate by 30 basis points to 1.50 percent at a scheduled meeting on... 2021.08.24.
Mercedes Ends Shutdown Caused by Supply-chain Woes in Hungary German car maker Mercedes-Benz restarted production at its plant in Kecskemét, in central Hungary, on Monday, after a four-week shutdown,... 2021.08.24.
Wizz Air to Hire 800 Flight Attendants by Year-end Hungarian low-fare carrier Wizz Air on Thursday said it will hire 800 more flight attendants by year-end in its biggest... 2021.08.23.
Unprecedented GDP Growth in Q2 Boosts Expectations for Entire Year Hungary's second-quarter GDP figure substantially exceeded analysts' earlier expectations, with many notably improving their forecasts for this year since then.... 2021.08.18.
EU Funds to Promote Local Renewable Energy Production in Hungary The Hungarian government will receive 4 billion forints (EUR 11.4m) from the European Union's Modernisation Fund to promote renewable energy... 2021.08.18.
Gyula Wins HUF 1.2 bn in EU Funding for Airbus Plant Infrastructure Upgrades The municipality of Gyula in SE Hungary has won 1.2 billion forints (EUR 3.3m) in European Union funding to support... 2021.08.18.
Never Before Seen Growth in Hungarian Economy: GDP Up Almost 18% in Q2 Hungary's second-quarter GDP grew by an annual 17.9 percent after a double-digit decline in the base period, a first reading... 2021.08.17.
Central Bank Head: Hungary Needs Competitiveness Turnaround Hungary is a laggard in competitiveness, and the country will continue to bear the high costs unless it improves on... 2021.08.17.
Budapest Flights Running Late – Subtle Air Traffic Strike or Just a Coincidence? The flight times of certain planes to Hungary have been noticeably extended after the Orbán Administration forbade Hungary’s air traffic... 2021.08.16.
Finance Ministry Welcomes S+P’s Affirmation of Hungary’s ‘BBB’ Rating The finance ministry has welcomed S+P Global Ratings' affirmation of Hungary's 'BBB' sovereign rating with a stable outlook, calling it... 2021.08.14.
Govt Official: Global Minimum Tax against Hungary’s Interests Hungary refuses to give up its financial sovereignty by introducing a global minimum corporate tax rate, finance ministry state secretary... 2021.08.14.
S+P Affirms Hungary ‘BBB’ Rating with Stable Outlook S+P Global Ratings affirmed Hungary's 'BBB' sovereign rating with a stable outlook at a scheduled review on Friday. S+P's analysts... 2021.08.14.
