Union Association MASZSZ Rejects 4% Minimum Wage Hike
Union association MASZSZ will reject a 4% minimum wage hike offered by employers and government representatives for 2020.
Economy
Agriculture Minister Urges Greater Support for Local Producers at Global Food Forum
István Nagy, Hungary’s minister of agriculture, highlighted the importance of supporting local producers by shortening supply chains at the 13th Global Forum for Food and Agriculture this week, the agriculture ministry has said in a statement.
Hungary Budget Deficit Swells to Around 9 % / GDP in 2020
Hungary’s cash flow-based budget deficit, excluding local councils, was 5,548.6 billion forints (EUR 15.5bn) at the end of 2020, the Finance Ministry confirmed in a detailed reading of data.
Gas Contract With Russia Expanded
Hungarian Foreign Minister Peter Szijjártó told MTI that Hungary and Russia have agreed to extend a long-term gas supply contract set to expire in October this year.
The first payment was made from the Debrecen City Capital Fund
The first payment was made from the Debrecen City Capital Fund: the local MFA Alternatív Energia Kft. received a capital fund of HUF 367 million to develop its car repair infrastructure, the mayor of Cívisváros announced at the company’s premises on Thursday.
Employers, Unions Close to Compromise on Minimum Wage Rise
The VKF, a forum of employers, unions and the government, moved close to a compromise on a minimum wage rise at a meeting on Wednesday after a weeks-long deadlock.
Supply Chain Pressure Affects Audi and Daimler Plants in Hungary
A global parts shortage is affecting the Hungarian plants of German car makers Audi and Daimler, business daily Világgazdaság said.
People in Szabolcs Earn the Least
According to the information of GKI Gazdaságkutató Zrt., in 14 out of the 19 counties of Hungary the monthly net earnings were below the national average, which – according to the data of the tax authority – was HuF 295 thousand gross in 2019.
Government Announces HuF 10.4BN Tender for Construction Company Upgrades
The government is inviting applications for 10.4 billion forints (EUR 28.8m) in grant money to support technology upgrades and efficiency improvements at microbusinesses and SMEs in the construction sector, state secretary Attila Steiner said.
German Firms to Invest HuF 4 BN Hungary
Three major German companies have decided to plough a total of 4 billion forints (EUR 11.1m) into investments in Hungary, Péter Szijjártó, Hungary’s minister of foreign affairs and trade, said.