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Monday 19 Feb 2018
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Furniture Manufacturing Group Ada To Expand Its Hungarian Production Capacity
“Austrian-owned furniture manufacturing group Ada is expanding its Hungarian production capacity with an investment of 5.2 billion forints (EUR 16.8 million), towards which the Hungarian Government is providing one billion forints in non-returnable funding, 20 percent of the total cost of the project”, Minister of Foreign Affairs and Trade Péter Szijjártó announced. more »
Hungary’s Inflation Falls To 2.1 Pc In December
Hungarian inflation was an annual 2.1 percent in December, slowing from 2.5 percent in November, the Central Statistical Office (KSH) said on Friday. For the full year, consumer prices were up an annual 2.4 percent in 2017. Food prices rose by 3.5 percent and the price of tobacco and spirits jumped by 6.8 percent. more »
Varga Presents Prize For Successful Business
Economy Minister Mihály Varga presented the Prize for Successful Business, to three Hungarian companies for the months of November and December respectively. Automotive supplier Hydro Extrusion Hungary and Edelmann Hungary Packaging were named “investor of the month”. more »

Survey: Hungarians Most Optimistic About Economy Since 2014


Survey: Hungarians Most Optimistic About Economy Since 2014
Hungarians were more optimistic about the economy at the end of 2017 than at any point before during the current government term which started in 2014, daily Magyar Idők said on Saturday, citing a survey commissioned by the paper and conducted by Nézőpont Institute. more »

Survey: Fewer Hungarians Earn Minimum Wage


Survey: Fewer Hungarians Earn Minimum Wage
Fewer Hungarians are working for minimum wage, daily Magyar Idők said on Thursday. About 303,000 labourers in Hungary earn the unskilled minimum wage, gross 138,000 forints (EUR 446) a month, Imre Palkovics, the head of the Labour Councils, told the paper, citing economy ministry data. more »

Hungary Tax Authority Reports Hundreds Of Billions Of Increased Forint Revenue


Hungary Tax Authority Reports Hundreds Of Billions Of Increased Forint Revenue
Tax revenue last year grew by more than 609 billion forints (EUR 1.97bn), an economy ministry official told public television. András Tállai, parliamentary state secretary for tax affairs, noted that the government reduced the tax burden last year and he insisted this had led to higher tax revenues. more »



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