Hungarian economy

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
14/12/2024

Hungary’s industrial sector output falls due to struggling battery manufacturing sector

Here are the latest data from the Hungarian economy and nobody can be happy after reading them. When will the economic upsurge come? #hungarianeconomy #construction #development #hungarianindustry
13/12/2024

Hungarian banks received good news from Fitch Ratings – UPDATED: new K+H Bank CEO

Fitch Ratings on Thursday affirmed the BBB long-term issuer default ratings of state-owned Magyar Eximbank and Hungarian Development Bank (MFB) and revised the outlooks on the ratings. Read more below: #fitchratings #hungrianbanks #banksector #hungarianeconomy
12/12/2024

Mercedes-Benz to shut down production for one month in its Hungarian base

Mercedes-Benz will be shutting down production at its base in Kecskemét for a winter break. #Mercedes #factory #production #car #economy
12/12/2024

Happiness statistics: Hungary ranks among the least happy nations – Here’s why!

Hungary is facing a happiness crisis, with levels at an all-time low. Find out more about what makes Hungarian people happy and why they are the unhappiest nation in Europe!
10/12/2024

Government county commissioner tells Budapest Mayor Karácsony to ‘comply with law’

The government commissioner of Budapest has told the city's mayor, Gergely Karácsony, to comply with the law and desist from pushing through an "unlawful budget". #Budapest #economy #budget #government
10/12/2024

Hungarian national economy minister sees rebound in 2025 – UPDATED

National Economy Minister Márton Nagy said 2025 would be a "rebound" year of "economic recovery", supported by a "peacetime budget." #hungarianeconomy #economy #Germany
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"
09/12/2024

Euronews: European Commission critiques Hungary’s fiscal plans for lacking crucial details

Hungary’s fiscal strategy has drawn sharp criticism from the European Commission for lacking crucial details and relying on questionable data. #EC #EU #government #economy #inflation #EUsanctions
08/12/2024

Another unstaffed 24/7 smart shop may open in 2025 in Szeged

Szeged may see Hungary's second unstaffed 24/7 smart shop open in 2025 if Coop can carry out its plans, János Kelemen, the CEO and President of the company, told Délmagyar. #coop #shopping #hungaryshopping #gorcerystore #coophungary
08/12/2024

Hungarian 4iG, OTP Bank performs well in Albania

Hungarian-owned OTP Bank Albania is the country's fifth-biggest credit institution in terms of total assets, while Hungary's 4iG leads the mobile and fixed-line telecommunications markets. #albania #otpbank #4ig #hungarianeconomy #europeanunion
08/12/2024

BMW’s Hungarian plant in Debrecen just lost a high-volume model in a strategic change!

Hungary’s automotive sector faces new challenges following BMW’s latest decision. Check out our article to find out more about why BMW decided to change the original plans of the Debrecen plant!
07/12/2024

Construction of BMW plant in Hungary ‘in full swing’

Construction of the BMW plant in Debrecen (E Hungary) is "in full swing" and related plans are unchanged, the head of the new base told MTI on Friday. #bmwhungary #investment #money #hungarianeconomy
07/12/2024

Fitch credit rating agency shares good news concerning Hungarian economy; will forint strengthen?

Fitch Ratings affirmed Hungary's investment-grade sovereign rating and revised the outlook to stable from negative on Friday, the National Economy Ministry said in a statement. Will the forint strengthen? #hungarianeconomy #fitch #creditrating
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

The future is coming: Budapest Airport’s overhaul begins in 2025!

Major upgrades are on the way at Budapest Airport next year. Check out our article to find out more about the changes and improvements planned for Budapest Airport in 2025!
03/12/2024

Shocking: Renting in Hungary’s cities leaves workers empty-handed!

Even with the rise of the minimum wage, Hungary’s workers can't keep up with the increase in price of renting. Check out our article to find out more about how rent prices are impacting the workforce.