LMP Calls for Wage Compensation, Pay Rise for Public Sector Employees
The green LMP party on Sunday called for immediate wage compensation and a mid-term pay rise programme for public sector employees because of inflation.
Economy
Russians Do Not Supply Electricity to Finland Any More
Yesterday, on 14th May, Russia cut off electricity supplies to Finland – in response to the Finns’ announcement of their intention to join NATO on Thursday.
Construction Output Slows to 10.5% YR/YR in March
Hungarian construction sector output grew by an annual 10.5% in March, slowing from an increase of 38.5% in the previous month, the Central Statistical Office (KSH) said on Friday.
Industrial Output Up 3.6% YR/YR in March
Hungarian industrial output grew by an annual 3.6% in March, slowing from 4.8% in the previous month, the Central Statistical Office (KSH) said on Friday in a second reading of the data.
EC Spokesman Says Oil Embargo Still on the Table
A spokesman for the European Commission has confirmed for news channel M1 that the European Union’s executive body is standing by its plan to introduce an embargo on Russian oil.
Socialist MEP Calls for New Post-Pandemic Recovery Plan
István Ujhelyi, MEP of the opposition Socialists, has said the government should prepare a new plan to access the European Union’s post-pandemic economic recovery funds.
KITE Zrt. in Nádudvar achieved record profits.
Nádudvari KITE Zrt., owned by Sándor Csányi, significantly increased its sales revenue from HUF 321 billion in 2020 to HUF 386 billion in 2021, so the company set another record last year, the Agricultural Sector reported.
Finance Minister Calls on EBRD to Focus on Central Europe
The European Bank for Reconstruction and Development (EBRD) should focus more on central Europe, especially the countries neighbouring Ukraine, Finance Minister Mihály Varga told MTI on Wednesday, after attending a meeting of the EBRD’s Board of Governors in Marrakesh.
Hungary, Morocco Strengthening Economic Ties
Trade between Hungary and Morocco jumped by 24% in the past year, and the growing economy of the region offers good prospects for Hungarian companies, Finance Minister Mihály Varga said after meeting his Moroccan counterpart, Nadia Fettah Alaoui, in Morocco on Wednesday.
DK Calls on Government, Central Bank to “Take Responsibility for Rising Food Prices”
At a time when basic necessities are luxuries for some Hungarians, the government has to take responsibility for the rise in food prices it had caused, the deputy leader of the opposition Democratic Coalition said on Wednesday.