Budapest, 2018. június 19. Bontják a vágányokat a 4-es és 6-os villamos Blaha Lujza tér és Wesselényi utca közötti szakaszán 2018. június 19-én. Az Oktogon és a Harminckettesek tere között pályarekonstrukciót végeznek a nyáron a nagykörúti villamos vonalán, ezért pótlóbuszok szállítják az utasokat az Oktogon és a Corvin-negyed között. MTI Fotó: Máthé Zoltán
See below the main business and financial news from the previous week:
The average gross monthly wage of full-time employees in Hungary stood at 340,600 forints (EUR 1,049) in April, up by an annual 12.6 percent, the Central Statistical Office (KSH) said on Thursday. Read more HERE.
The International Investment Bank (IIB) is to open a regional branch office in Budapest, Minister of Finance and Deputy PM for Economic Policy Affairs Mihály Varga said after having signed an MoU with IIB Chairman Nikolay Kosov. Read more HERE.
The government is to continue cutting taxes, Gergely Gulyás, head of the Prime Minister’s Office, told a regular press conference on Thursday. Read more HERE.
Inflation could rise slightly over the 3 percent mid-term target in the coming months on the back of sharp increases in global oil prices, but the National Bank of Hungary (NBH) said in a quarterly report it expects no spillover effects. Read more HERE.
Hungarian drugmaker Gedeon Richter said the Romanian National Agency for Medicines and Medical Devices (NAMMD) suspended the operating licence of its local wholesaler, Pharmafarm, for a breach of Good Distribution Practice.
The NBH’s Monetary Council decided to keep the central bank’s key rate on hold at 0.9 percent at a monthly policy meeting. In a statement the Council suggested an adjustment to the timeframe for maintaining its loose policy compared to earlier communications. Read more HERE.
Germany semiconductor manufacturer Infineon Technologies inaugurated a 17 billion forint (EUR 5.2m) expansion at its base in Cegled, near Budapest. The government supported the investment, which will create 533 jobs, with a 1.2 billion forint grant. Read more HERE.
Hungary’s cash flow-based general government, excluding local councils, ran a 1,187.5 billion forint (EUR 3.6bn) deficit at the end of May, the finance ministry confirmed in a second reading of data. The deficit reached 87.3 percent of the 1,360.7 billion full-year target.
Hungary’s Competition Office (GVH) has accepted commitments made by Airbnb Ireland to make changes to the way it informs Hungarian speakers who use its online peer-to-peer homestay network of pricing.
Featured image: MTI
Source: MTI