Socialist MEP: EU Job Protection Funding Opens Second Round of Applications from Jan 1 Hungary will have another chance from January 1 to apply for funds from the European Union's SURE fund to help... 2020.12.28.
Matolcsy: Investment Growth, Job Creation and Cheap Credit Key to Recovery National Bank of Hungary (NBH) governor György Matolcsy said investment growth, job creation and cheap credit will be necessary for... 2020.12.28.
Finance Minister: Global Economic Downturn More Severe This Year than in 2008 The management of Hungary's public debt is stable and based on several pillars, Mihály Varga, the finance minister, said in... 2020.12.15.
LMP: PM Orbán ‘Tormenting’ Municipalities and Small Businesses The question is not whether or not Prime Minister Viktor Orbán has been victorious in Brussels but how Hungary will... 2020.12.14.
Finance Ministry Raises Budget Deficit Estimates while EU Comes to the Rescue The Ministry of Finance now estimates that total government budget deficit will end up at 8-9% of GDP for this... 2020.12.11.
Employers Pushing for Delaying Increase to Minimum Wage Last week, a group of major employers argued that an agreement on next year's increase to the minimum wage should... 2020.12.09.
Gov’t Extends Support for Tourism, Catering Companies until end-January The government will continue to cover half of wage costs and waive payroll taxes at companies in the hard-hit tourism... 2020.12.09.
‘Remdesivir is Clearly Helping People’ – Interview with Richter CEO Gábor Orbán "Remdesivir can cut the duration of hospital stay by 3-5 days," Gábor Orbán, CEO of major Hungarian pharmaceutical company Gedeon... 2020.12.08.
Opposition Calls on PM Orbán Not to Veto EU Budget Parties of the parliamentary opposition on Monday called on Prime Minister Viktor Orbán not to veto the European Union's next... 2020.12.07.
Trade Minister: Hungary Economy Set for Capacity Boost in Q2 2021 Hungary is expected to see an increase in economic capacity from the second quarter of 2021 after businesses begin running... 2020.12.03.
Hungarian Economy Bounces Back in Third Quarter The Hungarian economy did better than expected in Q3, bouncing back 11.4% compared to the previous quarter. In the first... 2020.12.02.
Investment Volume Falls by 12% in Q3 Investment volume in Hungary fell by an annual 12.0 percent in the third quarter of 2020, the Central Statistical Office... 2020.11.26.
350 Companies Apply for Investment Support after Scheme Relaunch A total of 350 companies applied for government subsidies for investments that support job preservation during the coronavirus crisis within... 2020.11.26.
DK Accuses Gov’t of Spending on ‘Show Investments’ while Indebting Hungary The opposition Democratic Coalition (DK) party has accused the government of spending billions of forints on "investments for show" while... 2020.11.25.
Coronavirus – FinMin Varga: New Measures to Make Payments Easier, Save Money Hungary's authorities have adopted various measures designed to make payments and navigating red tape easier and cheaper, the finance minister... 2020.11.24.
Will Covid Steal Christmas Shopping? Retail consumption is usually extremely high over the holidays. This year, the pandemic may result in lower sales, which could... 2020.11.24.
LMP Proposal to Protect Local Councils against Suspension of Business Tax Opposition LMP will submit a bill to parliament to support local councils, which the party said "would collapse" if the... 2020.11.24.
LMP on Suspending Local Business Tax: Gov’t Wants to ‘Choke’ Local Councils Opposition LMP believes the government doesn't want to help small- and medium-sized enterprises by suspending the local business tax, rather... 2020.11.23.
‘Successful Family and Economic Policies Go Hand in Hand’ – Family Affairs Minister Novák at the Hungary at First ‘Site’ Conference Although the challenge of stopping demographic decline sometimes seems "almost impossible,” Hungary decided to move forward with its policies to... 2020.11.19.
MSZP, Párbeszéd Call on Gov’t to ‘Stop Punishing’ Local Councils with Taxes The opposition Socialist Party (MSZP) and Párbeszéd called on the government on Tuesday to "stop punishing" local councils with taxes... 2020.11.17.
Paks Upgrade on Schedule Despite Pandemic, says minister The project to expand Hungary's sole nuclear power plant in Paks remains on schedule and has not been effected by... 2020.11.17.
