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Monday 25 Sep 2017
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Hungary EU’s Top Spender Per GDP On Recreation, Culture, Religion
Hungary spends the most on recreation, culture and religion as a percentage of its GDP in the European Union with 2.1% of government expenditures going towards this area compared with the EU average of 1%, a report released by Eurostat shows. more »
Hungary Budget Deficit 2.65 Billion Euros In July
Hungary’s cash flow-based budget, excluding local councils, ran an 816.8 billion forint deficit at the end of July, preliminary data released by the Economy Ministry on Monday show. The shortfall was 70.03 percent of the 1,166.4 billion forint full-year target. more »
Official: ‘Genuine’ Convergence Is Criterion For Hungary’s Euro Adoption
Hungary’s level of economic development needs to move close to that of euro zone countries before it can consider adopting the common currency, economy ministry state secretary András Tállai said in a written response to an opposition MP posted on the website of parliament. more »

More Than Third Of Young Hungarians Have Savings


More Than Third Of Young Hungarians Have Savings
More than a third of young Hungarians aged between 19 and 29 years have some form of savings, with most young people setting money aside to buy their first home, according to the latest quarterly survey by K&H Bank. The survey shows 83 percent of young people have a bank card and 74 percent have a current account. more »

Despite Low Wages, Hungarians Pay 3rd Highest Taxes On Income Among OECD Countries


Despite Low Wages, Hungarians Pay 3rd Highest Taxes On Income Among OECD Countries
Recently, the Organization for Economic Co-operation and Development (OECD) published a report, entitled “Taxing Wages,” on the amount that workers in various developed countries ranging from the US to Australia to EU member states pay on the income that they receive. more »

Some Old HUF 2,000 & HUF 5,000 Banknotes Still In Tills, Wallets


Some Old HUF 2,000 & HUF 5,000 Banknotes Still In Tills, Wallets
About 75 percent of old 2,000 forint banknotes and more than 80 percent of old 5,000 forint banknotes have been replaced with new bills, the National Bank of Hungary said on Tuesday, a day after compulsory acceptance of the old bills ceased. more »



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