Hungarian economy

21/11/2024

Breaking: A groundbreaking step in Hungary’s wage negotiations for 2025

Big news for Hungarian workers! Check out our article to find out how the latest talks could transform Hungarian wages by 2025.
19/11/2024

Capping service fees: A new era for Hungary’s catering industry

The Hungarian Tourism Agency said government proposals on service fees and tips would strengthen the competitiveness of the catering sector in a statement issued on Tuesday. #tax #tipping #servicefees #restaurant #catering
19/11/2024

Serbia’s big energy move: Partnering with Hungary’s Paks Nuclear Plant

Serbia partners with Hungary’s Paks Nuclear Plant in a move that could reshape energy politics. Check out our article for more details!
18/11/2024

New initiative aims to assist first-time homebuyers in Hungary

The Hungarian Banking Association said it was a "partner" in efforts to help young Hungarians buy their first home in a statement issued on Monday. #housing #realestate #mortgage
18/11/2024

Orbán cabinet: 2025 budget to strengthen families, businesses

Next year's "new economic policy" budget is based on a policy of economic neutrality, Finance Minister Mihály Varga said in an interview with public radio broadcast on Sunday. #budget #finance #economy #family #business
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

Retail chain Lidl plans considerable expansion in Hungary

German-owned supermarket chain Lidl Magyarország plans to raise its number of stores from 210 to 250 in the coming years, chairman Zita Szlavikovics said. #lidl #hungarianeconomy #lidlmagyarorszag
16/11/2024

Hungarian car seller AutoWallis concludes historic agreement buying Czech competitor

Listed Hungarian car seller AutoWallis on Friday announced an agreement to buy 100pc of Czech peer MILAN KRAL GROUP, in the company's biggest acquisition to date. #autowallis #hungarianeconomy #money
16/11/2024

What will Trump say? Budapest Airport: China’s e-commerce gateway to Central Europe

Chinese e-commerce products can be difficult to manage. Consequently, the significant volume of Chinese goods arriving at Budapest Airport has caused chaos on multiple occasions. #budapest #budapestairport #hungarianeconomy
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

Hungarian government to cap catering service fees

The National Economy Ministry said it planned to cap catering service fees and ensure that waitstaff get their tips, tax-free, regardless if paid in cash or by card. #hungariangovernment #tax #tips #money #restaurant #bar
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
14/11/2024

Airbnb letter: Tighter short-term rental rules serve to ease Budapest housing problem, says ministry

The Airbnb ban was decided on in the interests of "managing the housing crisis" in Budapest, the ministry wrote. #airbnb #rental #property #housing #realestate #Budapest
14/11/2024

Shocking: Stunning rise in Hungary’s housing prices outpaces all of Europe

Why are Hungary’s housing prices rising faster than the EU average? Check out our article to find out more!
14/11/2024

Hungary’s 2025 budget to focus on housing support, family subsidies, and tax cuts, says minister🔄

Among others, the government will raise the amount of housing support, with tax preferences, that employers may offer their workers. #housing #tax #budget #Parliament #government
14/11/2024

Hungary calls for stronger Visegrád cooperation and economic integration at V4 Business Conference

Hungary is ready to develop further the successful cooperation among the Visegrád Group and strengthen trade and economic ties, foreign minister Szijjártó said. #VisegrádFour #cooperation #economy #Europe #trade
13/11/2024

Hungarian government introduces zero-interest loans for young Hungarian workers as part of new economic policy

The National Economy Ministry announced the launch of public consultations on a government scheme to offer young Hungarian workers zero-interest loans. #loan #workers #economy
12/11/2024

Hungarian national economy minister meets with banking association representatives

National Economy Minister Márton Nagy met with representatives of the Hungarian Banking Association on Tuesday to discuss lenders' participation in a government stimulus programme. #economy #szépcard #loan
12/11/2024

Forint’s freefall: The dollar and euro take a toll on Hungary’s economy

With the forint now at a two-year low against the dollar, touching 385.88 forints per dollar, questions arise about the future of Hungary’s currency. #dollar #usd #euro #eur #forint #huf #currency #money #economy
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: