Hungary’s largest dairy company, Sole-Mizo, has undertaken developments at three of its facilities, investing 5 billion forints (EUR 13.9m), Finance Minister Mihály Varga said on Friday.
Supporting jobs, families and innovation are Hungary’s recipe for addressing social challenges faced by the European Union, Katalin Novák, the minister in charge of family affairs, said in Porto on Thursday.
Hungary accepts the European Union’s guidelines on the minimum wage but maintains that the issue should be regulated by the member states, László Palkovics, the innovation and technology minister, said after talks with Ana Mendes Godinho, the Portuguese labour and social affairs minister, in Porto on Friday.
Industrial output rose by an annual 16.5% in March from a low base after last year’s coronavirus-related lockdowns, the Central Statistical Office (KSH) said.
Retail sales in Hungary fell by an annual 1.5% in March, and by 2.0% when adjusted for calendar-year and seasonal effects, the Central Statistical Office (KSH) said.
Budapest Mayor Gergely Karácsony on Thursday slammed the government for what he said was a failure to keep its promise to compensate local councils for a shortfall in their local business tax revenues.
German and other foreign businesses operating in Hungary continue to have confidence in the Hungarian economy, with business leaders expecting the country’s growth to outpace the regional average this year, the finance minister said at an online event of the German-Hungarian Chamber of Industry and Commerce (DUIHK) on Thursday.
The number of home building permits issued in Budapest plunged in the first quarter while jumping in the rest of the country, the Central Statistical Office (KSH) said.
Hungary’s economy would fall into recession next year if it had no access to EU support, a senior opposition LMP official said, accusing the government of maintaining a “botched economic policy and high budget deficit”.
The pandemic caused a 184 billion forint (EUR 511m) shortfall in revenue at state-owned companies last year, Andrea Mager, the minister in charge of managing state assets, said at an annual hearing before parliament’s economic committee.