economic crisis in Hungary

14/12/2024

BREAKING: Tax benefits change, 3rd-country guest workers will earn less in 2025 in Hungary!

Ukrainian and Serbian guest workers in Hungary should not be worried about the changes. Here is what will happen to other 3rd-country guest workers. #guestworker #familyallowance #family #taxbenefits #taxinhungary #hungarytax #hungariangovernment #money
09/12/2024

Hungarian state launches half a billion euro capital programme to support housing 🔄

Here is the HUF 200 billion announcement from the state: housing support
09/12/2024

Orbán cabinet: Budapest ‘can’t get out of paying taxes’ 🔄

Karácsony: "Budapest will pay as much solidarity tax to the central budget as it receives from central coffers to finance its services."
09/12/2024

Hungarian government achieves fiscal balance stabilization this year

"The government has stabilised the fiscal balance this year while closely following the development of the deficit"
07/12/2024

Business climate in Hungary remains best, but industrial output down again

Hungary's industrial output inched down 0.2pc year-on-year in October, a first reading of data released by the Central Statistics Office (KSH) shows. #ksh #statistics #hungaryeconomy #hungaryindustry
06/12/2024

Car manufacturing in trouble in Hungary? 1 new plant and a new production hall inaugurated just today

German-owned precision tool maker SK-Precíziós Szerszámgyártó inaugurated a HUF 2.1bn production hall in Sárospatak, while Robert Bosch Automotive Steering Ltd inaugurated a HUF 46bn plant in Maklár. Foreign Minister Péter Szijjártó happy but does that mean the Hungarian carmaking industry is past the crisis? #carmaking #germany #investment #hungarianeconomy #hungariangovernment
06/12/2024

Orbán aims to scale up Hungarian SMEs with EUR 242M

A crucial target of the Hungarian government is to strengthen and scale up local Hungarian SMEs. Will the money be enough? #hungariangovernment #hungarianeconomy #smesector
03/12/2024

Weak car and battery factories, big drought: the Hungarian economy in technical recession

The Hungarian economy is highly dependent on the automotive industry, the Orbán government has staked everything on it, but if the automotive industry falters, the country will be in big trouble:
30/11/2024

Moody’s credit rating agency warned Hungary changing outlook to negative

An unpleasant surprise for the Hungarian government from Moody's. #moodys #investment #hungarianeconomy #creditrating
25/11/2024

BREAKING! Three-year minimum wage agreement set to impact everyone’s pay in Hungary 🔄

Here are the next three years of minimum wage increases in Hungary!
25/11/2024

Is Hungary’s safety at risk? Police face serious challenges

Under these conditions, how long will Hungary remain a safe place? Fundamental problems in the Hungarian police:
22/11/2024

PM Orbán talked about the the war’s end in Ukraine, invites Netanjahu to Budapest – UPDATED

The two most dangerous months of the Russia-Ukraine war "are ahead of us" and Hungary "must continue to pursue a sober kind of politics", Orbán said. Do you agree with him? #warinukraine #ukraine #viktororban #intervew #trump #netanyahu
17/11/2024

PM Orbán’s biggest opponent revealed why food prices are high in Hungary

He also explained how food prices could be reduced in Hungary. #food #hungarianeconomy #foodprices
16/11/2024

PHOTOS – Biggest Hungarian steelworks in severe trouble: Orbán cabinet pays wages

Thousands of people may lose their jobs soon in Dunaújváros because of the steelworks in trouble. #dunaújváros #steelworks #dunaferr
16/11/2024

The European Commission cools PM Orbán’s optimism about Hungary’s 2025 GDP growth

The European Commission's GDP growth forecast for 2025 is much lower than the Orbán cabinet's optimistic figure. Orbán promises about economic miracles for 2025 but without economic growth such plans are impossible to carry out. #hungarianeconomy #hungariangovernment #orbancabinet #europeancommission #gdp #gdpgrowth
15/11/2024

German companies in Hungary worried about growing costs, decreasing consumption

The latest survey conducted by the German-Hungarian Chamber of Industry and Commerce (DUIHK) shows worsening sentiment among companies. #germany #germancompanies #hungarianeconomy #economycrisis
11/11/2024

Only once in 22 years has the October general government deficit been bigger than now

In October, the central sub-system of the general government accumulated a deficit of almost 1 billion euros, the second highest deficit in the last 10 months in decades:
11/11/2024

Hungary’s 2025 economic action plan unveiled: €9.8 billion to counter economic downturn 🔄

Forever optimistic! The government's optimism has not waned, with the 2025 budget and economic action plan coming, which will now really boost the Hungarian economy, ministers say:
10/11/2024

Bad news came from the Hungarian economy again: industry in trouble

Output of Hungary's industrial sector fell 7.2pc in September, a first reading of data released by the KSH shows. Will the Hungarian economy, industry be put on a growing path again? #hungarianindustry #hungarianeconomy #ksh
09/11/2024

Hungarian government: ‘peace budget’ ready after Trump’s victory, parliament to discuss it on Monday

The Fiscal Council said the budget was credible and feasible. PM Orbán called it 'peace budget' because he believes Trump can bring peace to Ukraine which will help the Hungarian economy flourish again. #hungariangovernment #hungarybudget #annualbudget #money