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Monday 25 Sep 2017
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Lázár: Wage Increases, Investment Promotion Govt Priorities For Near Future
Wage rises will be one of the government’s top priorities in the coming years, government office chief János Lázár said. He said the wage pressure is growing in the Hungarian economy with businesses pushing for payroll tax cuts. more »
New Laws Seen Limiting Retail Working Hours
The Hungarian government is planning to make changes to the country’s regulatory environment affecting the working hours of retail workers, according to a report today in government-friendly daily Magyar Idők. Reports yesterday suggested stricter regulations for Sunday working hours are being considered. more »
Xpat Opinion: Fears Over Russian Economic Expansion Dismissed
An economist rejects the claims of a recent CSIS report, according to which Russia has been restoring its economic and political leverage in Central and Eastern Europe. more »

Jobless Rate 4.9% In July-September


Jobless Rate 4.9% In July-September
Hungary’s rolling average three-month jobless rate reached 4.9% in July- September, the Central Statistical Office (KSH) reported. The rate, which covers unemployment among 15 to 74-yearolds, was level with that in June-August but fell from 6.4% in the same period a year earlier. more »

Orbán: Hungary Calls For ‘Committed Businesses’


Orbán: Hungary Calls For ‘Committed Businesses’
Hungary needs “people and businesses with commitment” supported by the government and a well-functioning economy, Prime Minister Viktor Orbán said at a ceremony in Herend, in western Hungary, marking the production of the one millionth electric meter by Csatári Plast. more »

Economic Weight Of Industry In Hungary Among Highest In Eu


Economic Weight Of Industry In Hungary Among Highest In Eu
Industry accounted for 27.8% of gross value added (GVA) in Hungary last year, among the highest rates in the European Union, data compiled by Eurostat show. Only the rates in the Czech Republic (32.1) and Ireland (39.1) were higher among member states, although Eurostat noted that the picture for Ireland is skewed because of the relocation of a limited number of big economic operators to the country. more »



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