Hungary’s Fiscal Council said the deficit target in the 2021 budget would have to be raised. The government earlier said it would raise the 2021 deficit target, calculated according to European Union accounting rules, from 2.9% to 7.5% of GDP.
Output of Hungary’s construction sector declined by an annual 16.1% in February, albeit from a high base, the Central Statistical Office (KSH) said.
Wage subsidies for businesses running bars and eateries is being expanded to cover the month of May, Gergely Gulyás, the prime minister’s chief of staff, said. Bars and restaurants can start serving customers outdoors when the number of Hungarians inoculated against Covid-19 reaches 3.5 million, which is expected around the middle of next week, Gulyás […]
Hungary plans to draw 16-17 billion euros from the European Union’s 750 billion euro pandemic recovery fund to fund household solar systems and energy efficient heating systems, a government official told a conference.
The government is granting an additional 30 billion forints support to a scheme to boost competitiveness, the foreign minister said.
Car manufacturers are continuing to bring engineering, development and service facilities to Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said at the inauguration of carmaker Ford’s logistics centre in Biatorbágy, near Budapest.
The Socialist Party will be campaigning in the upcoming opposition primary in favour of making the minimum wage tax-exempt and reducing the income tax for low earners, the party’s co-leader said over the weekend.
Retail sales fell by an annual 5.6% in February, according to unadjusted data, the Central Statistical Office (KSH) said.
Consumer price inflation averaged an annual 3.7% in March, the Central Statistical Office (KSH) said. Analysts forecast a rise of 3.8%. CPI rose by 0.7% month on month.
Hungary’s cash flow-based budget, excluding local councils, was 1,144.1 billion forints (EUR 3.2bn) at the end of March, the Finance Ministry said in a preliminary release of data.
