Servicemen Receive Higher Wages
The government has raised the wages of servicemen by 26%, the defence minister said on Tuesday.
Economy
Forint Plumbs New Lows Against Euro
The forint traded at 420.17 to the euro around 5:30 in the evening on Monday, recovering after slipping as far as 425.96 in the afternoon, a new low.
LMP: Local Councils Should Be Eligible for Capped Energy Prices
Opposition LMP said it wants local councils to be able to buy energy at capped prices. Őrs Tetlák, a board member of the green party and the deputy mayor of Érd, near Budapest, told a press conference that he expects local councils will find themselves in a “dramatic” situation in what was likely to be […]
DK Calls for Jobless Benefits to Be Extended to 9 Months
The Democratic Coalition (DK) wants Hungary’s jobseekers’ allowance to be lengthened to nine months from the current three while there is an economic crisis, Klára Dobrev, the opposition party’s MEP, said on Monday.
Pension Premiums to Be Paid Between November 10-15
Pensioners will receive their pension premiums to offset inflation between November 10 and 15, Prime Minister Viktor Orbán said in a video published on Facebook on Saturday, international day of the elderly.
4iG Signs Deal to Acquire Israel’s Spacecom
Listed Hungarian IT company 4iG signed a new contract to acquire a 51% stake in Israeli satellite company Space-Communication over a period of several years.
Central Bank: Pace of Inflation Expected to Start Gradually Easing
Hungary’s central bank has said it expects inflation will continue rising in the remainder of the year, though from October its upward pace will start gradually easing.
Hungary Central Bank Raises Base Rate By 125 BP
Hungarian central bank rate-setters on Tuesday raised the base rate by 125 basis points to 13%. The rise followed a 100 bp hike at the policy meeting in August. The Council also decided on Tuesday to raise the O/N deposit rate by 125 basis points to 12.50%, and the O/N and one-week collateralised loan rates […]
Hungary Gross Wages Up 15.3 % in July
The average gross wage of full-time employees in Hungary grew by an annual 15.3% in July, amounting to 500,000 forints (EUR 1,230), the Central Statistical Office said on Friday.
Budget Deficit Close to HUF 2,872.7 BN at End-August
Hungary’s cash-flow-based budget deficit, excluding local councils, was 2,872.7 billion forints (EUR 7.1bn) at the end of August, the finance ministry said in a second reading of data on Friday.