Output of Hungary’s construction sector rose by an annual 4.3% in March, after contracting in the base period as the country went into pandemic lockdown, the Central Statistical Office (KSH) said.
Shops and other small business owners affected by the curfew and temporary closures will not have to pay tax for last month, while more than 30,000 companies are exempt from paying employment contributions, leaving 11 billion forints (EUR 30m) in their pockets, a finance ministry official said on Wednesday.
The government on Tuesday submitted Hungary’s plan for utilising the European Union’s Recovery and Resilience Facility (RRF) which covers more than 2,500 billion forints (EUR 7bn) worth of strategic development projects over the next six years, the state secretary in charge of EU developments said.
Hungary’s consumer price index increased by an annual 5.1% in April, the Central Statistical Office (KSH) said on Tuesday.
Finance Minister Mihály Varga on Tuesday announced measures to cut and streamline taxes next year that the government will soon propose to lawmakers. In a video message posted on his Facebook page, Varga said the payroll tax would be reduced to 15% from next July, while the vocational training contribution would be rolled into the […]
The government is launching a 30 billion forint (EUR 83.6m) investment support scheme to help large companies upgrade and expand production, Foreign Minister Péter Szijjártó said on Facebook.
Hungary and Austria believe that setting a minimum wage from Brussels would be ill-advised due to large differences in the level of development between European Union member states, László Palkovics, the minister of innovation and technology, has told public media after talks with Austrian Labour Minister Martin Kocher on the sidelines of the EU summit […]
Budapest Mayor Gergely Karácsony has presented an alternative plan on the use of the European Union’s pandemic recovery fund, developed by the Association of Hungarian Municipalities (MÖSZ).
Hungary’s largest dairy company, Sole-Mizo, has undertaken developments at three of its facilities, investing 5 billion forints (EUR 13.9m), Finance Minister Mihály Varga said on Friday.
Supporting jobs, families and innovation are Hungary’s recipe for addressing social challenges faced by the European Union, Katalin Novák, the minister in charge of family affairs, said in Porto on Thursday.