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Economy

Restaurants to Reopen Only Once Mass Vaccinations Under Way

January 26, 2021Tóháti ZsuzsaLeave a Comment on Restaurants to Reopen Only Once Mass Vaccinations Under Way

Reopening restaurants and other catering facilities will depend on how quickly Hungary can get hold of vaccines and have its population vaccinated, Zoltán Kovács, the state secretary for international communications and relations, told MTI.

Deal Reached to Hike Minimum Wage 4%

January 26, 2021Tóháti ZsuzsaLeave a Comment on Deal Reached to Hike Minimum Wage 4%

A deal was reached on Monday to hike the minimum wage by 4% from Feb. 1.

Consumer, Business Confidence Improve

January 26, 2021Tóháti ZsuzsaLeave a Comment on Consumer, Business Confidence Improve

Consumer and business confidence improved in January from the previous month, economic research institute Századvég’s gauges of sentiment show.

Union Association MASZSZ Rejects 4% Minimum Wage Hike

January 25, 2021Tóháti ZsuzsaLeave a Comment on Union Association MASZSZ Rejects 4% Minimum Wage Hike

Union association MASZSZ will reject a 4% minimum wage hike offered by employers and government representatives for 2020.

Agriculture Minister Urges Greater Support for Local Producers at Global Food Forum

January 25, 2021January 25, 2021Tóháti ZsuzsaLeave a Comment on Agriculture Minister Urges Greater Support for Local Producers at Global Food Forum

István Nagy, Hungary’s minister of agriculture, highlighted the importance of supporting local producers by shortening supply chains at the 13th Global Forum for Food and Agriculture this week, the agriculture ministry has said in a statement.

Hungary Budget Deficit Swells to Around 9 % / GDP in 2020

January 23, 2021Tóháti ZsuzsaLeave a Comment on Hungary Budget Deficit Swells to Around 9 % / GDP in 2020

Hungary’s cash flow-based budget deficit, excluding local councils, was 5,548.6 billion forints (EUR 15.5bn) at the end of 2020, the Finance Ministry confirmed in a detailed reading of data.

Gas Contract With Russia Expanded

January 23, 2021Tóháti ZsuzsaLeave a Comment on Gas Contract With Russia Expanded

Hungarian Foreign Minister Peter Szijjártó told MTI that Hungary and Russia have agreed to extend a long-term gas supply contract set to expire in October this year.

Employers, Unions Close to Compromise on Minimum Wage Rise

January 21, 2021Tóháti ZsuzsaLeave a Comment on Employers, Unions Close to Compromise on Minimum Wage Rise

The VKF, a forum of employers, unions and the government, moved close to a compromise on a minimum wage rise at a meeting on Wednesday after a weeks-long deadlock.

Supply Chain Pressure Affects Audi and Daimler Plants in Hungary

January 20, 2021Kurucz JuditLeave a Comment on Supply Chain Pressure Affects Audi and Daimler Plants in Hungary

A global parts shortage is affecting the Hungarian plants of German car makers Audi and Daimler, business daily Világgazdaság said.

People in Szabolcs Earn the Least

January 19, 2021Tóháti ZsuzsaLeave a Comment on People in Szabolcs Earn the Least

According to the information of GKI Gazdaságkutató Zrt., in 14 out of the 19 counties of Hungary the monthly net earnings were below the national average, which – according to the data of the tax authority – was HuF 295 thousand gross in 2019.

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The Eger Sun

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