• Coronavirus in Hungary
  • Budapest
  • Hungary border control
  • HelloMagyar
EnglishFrenchGermanSpanish
EnglishFrenchGermanSpanish
HungaryTrends – The week in business and financeHungaryTrends – The week in business and financeHungaryTrends – The week in business and financeHungaryTrends – The week in business and finance
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
Support us
Alexandra Béni Alexandra Béni · 25/06/2018
· Business

HungaryTrends – The week in business and finance

economy investment labour market money National Bank of Hungary statistics
labour market worker

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:

HUNGARY’S GROSS WAGES GROW BY 12.6 PC, BUT NET WAGES STOOD AT 725 EUROS! 

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.

INTERNATIONAL INVESTMENT BANK TO OPEN A REGIONAL BRANCH OFFICE IN BUDAPEST 

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. 

TAX CUTS TO CONTINUE, SAYS ORBÁN CABINET 

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.

HIGHER OIL PRICES TO RAISE CPI OVER TARGET, BUT NBH SEES NO SPILLOVER

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.

ROMANIAN DRUG AGENCY SUSPENDS LICENCE OF RICHTER WHOLESALER

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.

NBH POLICY MAKERS KEEP BASE RATE ON HOLD

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.

INFINEON INAUGURATES HUF 17 BN EXPANSION IN HUNGARY

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.

MINISTRY CONFIRMS HUF 1,187.5 BN DEFICIT AT THE END OF MAY

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.

 

AIRBNB COMMITS TO MORE TRANSPARENT PRICING ON HUNGARIAN SITE

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

economy investment labour market money National Bank of Hungary statistics
Share
Alexandra Béni
Alexandra Béni

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.

Latest news
  • OECD: Hungary continues to fail to implement Anti-Bribery Convention
  • Hungarian President: Hungary strives for a quick ceasefire in Ukraine
  • PHOTOS: Budapest’s most beautiful historic cafés
  • Europe’s greatest battery plant in Debrecen criticized by locals, opposition
  • Here is the first deodorant refill station invented by Hungarians
  • Hungary would like the Turkish president to win the Nobel Peace Prize
  • Exotic airline comes to Budapest with new flights this summer
  • PHOTOS: Turkish foreign minister in Budapest

About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V