Rolling Average Jobless Rate Edges Lower in September

Hungary’s three-month rolling average jobless rate reached 4.4% in September, edging down 0.2 of a percentage point from the previous month, but still 0.9 of a percentage point over the rate a year earlier because of the coronavirus crisis, data released by the Central Statistical Office (KSH) show. The rate covers unemployment among people between […]

Budget Deficit Edges Up to HuF 2,270 BN at End-September, Ministry Confirms

Hungary’s budget deficit, excluding local councils, reached 2,270.3 billion forints (EUR 6.2bn) at the end of September, up 9 billion from a month earlier, the Finance Ministry said. The central budget had a 1,841.8 billion forint deficit and the social insurance funds were 441.8 billion forints in the red, but the separate state funds had […]

Council of EU Approves Eur 504 M Credit for Hungary

The Council of the European Union has approved a 504 million euro credit for Hungary, within the framework of the EU’s SURE programme to protect jobs in countries hit hard by the coronavirus epidemic, the finance ministry has said. The European Commission’s instrument for temporary Support to mitigate Unemployment Risks in an Emergency (SURE) was […]

Dobrev Vows to Get EP Approval for European Minimum Wage

Klára Dobrev, a Hungarian MEP of the opposition Democratic Coalition, has said the European Parliament may pass legislation to introduce a European minimum wage. Dobrev told a press conference that her employment and social policy guidelines had passed in the EP with an overwhelming majority. These could soon be made into EU directives, she said, […]