Three-Year Deal: Minimum Wage Increases Outlined by 2027 A three-year wage agreement has been reached between the government and the forum representing employers, and reflecting the government's expectations.... 2024.11.22.
Wage Growth Signals 2025 a Financially Brighter Year Hungary’s economy is currently navigating between inflation control, labor market challenges, and efforts to boost wage growth. After enduring a... 2024.11.15.
Stable Inflation Reflected in Moderate Price Growth for Consumers Consumer prices in October 2024, were on average 3.2% higher than a year earlier. On average, they rose by 0.1%... 2024.11.13.
Transition to Electromobility Cannot be Successful without Germany, Says Economy Minister A BYD Seal electric car at the opening of the Hungarian Battery Week conference E-Mobility Day at Hungexpo Budapest Congress... 2024.11.07.
Navigating Economic Headwinds: Growth Ambitions Amid Effects of German Slowdown The third quarter GDP data came as a huge negative surprise, as reported by the Hungarian Central Statistical Office (KSH).... 2024.11.04.
Government Expects the New Action Plan to Trigger an Economic Turnaround Minister for National Economy Márton Nagy speaking at the Portfolio Budapest Economic Forum on October 17, 2024 "We are going... 2024.10.31.
Slovakia Follows Hungary’s Example in Minimum Wage Increase In Slovakia, the minimum wage will rise to 60 percent of the national average wage in 2024 from 2026, writes... 2024.10.24.
16-point Deregulation Package Announced to Boost Tourism Minister for National Economy Márton Nagy held a press conference in Budapest to present a a 14-plus-2 tourism deregulation package,... 2024.10.15.
Average Gross Earnings Could Reach the HUF 1 million Threshold by 2028 At the presentation of the "Responsible Employer of the Year" award, Minister for National Economy Márton Nagy presented in detail... 2024.10.11.
Inflation Rate Hits Its Lowest Level of the Year As in previous months, inflation remained at the low level expected by the market in August, Márton Nagy, Minister for... 2024.09.11.
Hungary a Leading Destination for Chinese Investment Shanghai skyline Hungary’s Minister for National Economy, Márton Nagy, recently met with the heads of the Bank of China and... 2024.09.04.
Minimum Wage Expected to Rise Significantly over the Next 3 Years The minimum wage would rise by roughly HUF 140,000 by 2027, said Sándor Czomba, State Secretary for Employment Policy at... 2024.08.23.
After Taking the Lead in Battery Production, the Government’s new Goal is Recycling SungEel HiTech Hungary's plant in northern Hungary. On Wednesday, Minister for National Economy Márton Nagy received Kang-Myung Yi, the top... 2024.08.22.
Further Projects Discussed with the Budapest-Belgrade Railway’s Chinese Financier Minister for National Economy Márton Nagy received the CEO and Deputy Chairman of the Export-Import Bank of China, Ren Shengjun,... 2024.08.21.
Inflation Remains Steady in July, Economic Outlook is Positive In July 2024, the inflation was 4.1 percent annually, matching market expectations and remaining low, according to the Hungarian Central... 2024.08.08.
Strengthening Sovereignty and the Economy with Focusing on Defense Industry Starting on August 1, 2024, the Ministry for National Economy (NGM) will assume ownership of N7 Holding Zrt., marking a... 2024.08.01.
Economy Minister Summons Fuel Retailers over “Unacceptable Prices” Minister for National Economy Márton Nagy summoned representatives of Hungarian fuel retailers, i.e. representatives of the Hungarian Petroleum Association, including... 2024.07.09.
Relations with China to Continue to Develop in the Tourism Sector As part of the Hungarian EU presidential program, the EU-China Tourism Dialogue Ministerial Meeting and Conference took place in Budapest... 2024.07.04.
Fuel Prices Crawling Upwards, Government Ready to Intervene Fuel prices are once again above the average prices of neighboring countries, therefore the government will put the issue on... 2024.07.03.
Battery Industry Accounts for 5.5 percent of the Country’s GDP CATL, a global leader in battery manufacturing also present in Hungary The battery industry currently accounts for 5.5 percent of... 2024.07.01.
Korean Firms Looking to Expand Car Battery Recycling in Hungary SungEel HiTech's waste recycling plant in northern Hungary On Thursday, Minister for National Economy Márton Nagy received in his office... 2024.06.28.
