Wage Growth Up 10.6% in December
Wage growth in Hungary was up at an annual 10.6% in December, up from 8.6% in the previous month, the Central Statistical Office (KSH) said.
Economy
LMP Proposes Parliament Session on Use of EU Funding
The opposition LMP, with the backing of the other opposition parties, is proposing a parliamentary session on the use of Hungary’s share of the European Union’s development and crisis management fund, which comes to 18,500 billion forints (EUR 51.5bn) in the 2021-2027 financial framework.
Budget for Supporting SME Green Investments Upped to HuF 50 BN
The government is increasing the budget for subsidising green investments made by SMEs by 20 billion forints (EUR 56m) to almost 50 billion, Mihály Varga, the finance minister, said. In the previous round of the tender, more than 1,800 companies received nearly 28 billion forints in development funding, and another 2,000 companies may benefit in […]
Socialists Launch Consultation on EU Recovery Funds
The Socialists are launching a consultation with trade unions on the use of the European Union’s coronavirus recovery fund, an MEP of the opposition party said.
First Railway Carriages to Egypt
Delivering the first railway carriages assembled by Hungary’s Dunakeszi Járműjavító has been a “milestone” as well as “an excellent example of the cooperation between Hungary, Russia and Egypt”, Foreign Minister Péter Szijjártó said in Alexandria.
Hungary Committed to Sustainable Development
Hungary is committed to sustainable development and is working to become an European centre for 5G technology, the minister of innovation and technology told a conference organised by Chinese telecom giant Huawei.
Finance Minister: Hungary Continues to Draw Investments
Tax cuts, a supportive business environment, well-trained work force and good security continue to draw investors to Hungary where the government focuses on investment and development, Finance Minister Mihály Varga told a meeting of Hungarian foreign mission heads.
Number of Hungarians Living in Poverty Plummets
Eurostat data show that the ratio of Hungarians living in poverty has dropped over the past ten years, a human resources ministry’s official said, visiting a foster family in a village in north-eastern Hungary.
Socialist MEP Urges Government to Apply for EU Sure Support
Socialist MEP István Ujhelyi on Saturday called on the government to apply for 1 billion euros of support from the European Union’s SURE fund to provide wage support in sectors that have been hit hardest by the coronavirus crisis.
Finance Minister Inaugurates HQ of International Investment Bank
The International Investment Bank’s (IIB) decision to move its headquarters to Budapest is a boost to Hungary’s financial position on international markets, Finance Minister Mihály Varga said at the inauguration of the IIB’s new headquarters in Budapest.