The government has raised the wages of servicemen by 26%, the defence minister said on Tuesday.
The forint traded at 420.17 to the euro around 5:30 in the evening on Monday, recovering after slipping as far as 425.96 in the afternoon, a new low.
Opposition LMP said it wants local councils to be able to buy energy at capped prices. Őrs Tetlák, a board member of the green party and the deputy mayor of Érd, near Budapest, told a press conference that he expects local councils will find themselves in a “dramatic” situation in what was likely to be […]
The Democratic Coalition (DK) wants Hungary’s jobseekers’ allowance to be lengthened to nine months from the current three while there is an economic crisis, Klára Dobrev, the opposition party’s MEP, said on Monday.
Pensioners will receive their pension premiums to offset inflation between November 10 and 15, Prime Minister Viktor Orbán said in a video published on Facebook on Saturday, international day of the elderly.
Listed Hungarian IT company 4iG signed a new contract to acquire a 51% stake in Israeli satellite company Space-Communication over a period of several years.
Hungary’s central bank has said it expects inflation will continue rising in the remainder of the year, though from October its upward pace will start gradually easing.
Hungarian central bank rate-setters on Tuesday raised the base rate by 125 basis points to 13%. The rise followed a 100 bp hike at the policy meeting in August. The Council also decided on Tuesday to raise the O/N deposit rate by 125 basis points to 12.50%, and the O/N and one-week collateralised loan rates […]
The average gross wage of full-time employees in Hungary grew by an annual 15.3% in July, amounting to 500,000 forints (EUR 1,230), the Central Statistical Office said on Friday.
Hungary’s cash-flow-based budget deficit, excluding local councils, was 2,872.7 billion forints (EUR 7.1bn) at the end of August, the finance ministry said in a second reading of data on Friday.