Listed Hungarian IT company 4iG signed a new contract to acquire a 51% stake in Israeli satellite company Space-Communication over a period of several years.
Hungary’s central bank has said it expects inflation will continue rising in the remainder of the year, though from October its upward pace will start gradually easing.
Hungarian central bank rate-setters on Tuesday raised the base rate by 125 basis points to 13%. The rise followed a 100 bp hike at the policy meeting in August. The Council also decided on Tuesday to raise the O/N deposit rate by 125 basis points to 12.50%, and the O/N and one-week collateralised loan rates […]
The average gross wage of full-time employees in Hungary grew by an annual 15.3% in July, amounting to 500,000 forints (EUR 1,230), the Central Statistical Office said on Friday.
Hungary’s cash-flow-based budget deficit, excluding local councils, was 2,872.7 billion forints (EUR 7.1bn) at the end of August, the finance ministry said in a second reading of data on Friday.
In Hungary, the highest food inflation in the Union was measured in August compared to a year ago: bread, meat, cheese, and many basic foods rose in price the most in our country.
The opposition LMP party has repeated its demand that the government raise teachers’ wages. “If there are enough funds in the budget to pay for a pay rise for police, then there is no reason to tie a hike for teachers to the arrival of EU funds,” MP Máté Kanász-Nagy told a press briefing.
Parties of the parliamentary opposition have appealed to the Constitutional Court to scrap a recent law changing regulations concerning the small business tax (kata), the head of Momentum told a press conference broadcast online in front of the top court building in Budapest.
The government is starting to make energy savings at state institutions, while ensuring the regulated price regime for household utilities remains in force, the government’s information centre KTK said in a statement late on Monday.
The opposition Jobbik party has demanded that the government should introduce quotas on the labour market and take measures against companies employing guest workers.