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 […]
Chairman of the Hungarian Chamber of Commerce and Industry (MKIK) László Parragh has been re-elected for the 2020-2024 period. In a public vote held at a delegates’ meeting, Parragh received 127 votes in support, no votes against and 19 abstentions. hungarymatters.hu pixabay
The number of registered jobseekers in Hungary fell to 306,000 in October, about 70,000 fewer than the June peak, state secretary for employment policy Sándor Bodó said, commenting on the latest monthly report by the National Employment Service (NFSZ). The number of jobless has fallen for the 19th week in a row, Bodó said. The […]
The GDP of Hungary could fall by 6.4% this year and economic trends could start to change from the second quarter of 2021 with a vaccine against the coronavirus possibly available by that time, Finance Minister Mihály Varga said at an annual hearing before a parliamentary committee. The finance ministry is working to restore the […]
Hungary’s budget ran a 985 billion forint (EUR 2.7bn) deficit last year, equivalent to 2.1% of GDP, data compiled by the Central Statistical Office (KSH) in the framework of an excessive deficit procedure show.
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.
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 […]
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 […]
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, […]
Used car sales in Hungary reached 586,489 in Q1-Q3, down 2.1% from the same period a year earlier, used car dealer DasWeltAuto said, citing figures compiled by Datahouse. DasWeltAuto head György Frank said used car sales could catch up to last year’s volume in the fourth quarter. DasWeltAuto’s own car sales climbed 15% to 6,306 […]
