• Furniture Manufacturing Group Ada To Expand Its Hungarian Production Capacity

    Furniture Manufacturing Group Ada To Expand Its Hungarian Production Capacity

    • 15 Jan 2018 9:00 AM

    “Austrian-owned furniture manufacturing group Ada is expanding its Hungarian production capacity with an investment of 5.2 billion forints (EUR 16.8 million), towards which the Hungarian Government is providing one billion forints in non-returnable funding, 20 percent of the total cost of the project”, Minister of Foreign Affairs and Trade Péter Szijjártó announced.

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  • Hungary’s Inflation Falls To 2.1 Pc In December

    Hungary’s Inflation Falls To 2.1 Pc In December

    • 15 Jan 2018 9:00 AM

    Hungarian inflation was an annual 2.1 percent in December, slowing from 2.5 percent in November, the Central Statistical Office (KSH) said on Friday. For the full year, consumer prices were up an annual 2.4 percent in 2017. Food prices rose by 3.5 percent and the price of tobacco and spirits jumped by 6.8 percent.

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  • Varga Presents Prize For Successful Business

    Varga Presents Prize For Successful Business

    • 13 Jan 2018 7:20 AM

    Economy Minister Mihály Varga presented the Prize for Successful Business, to three Hungarian companies for the months of November and December respectively. Automotive supplier Hydro Extrusion Hungary and Edelmann Hungary Packaging were named “investor of the month”.

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  • Survey: Fewer Hungarians Earn Minimum Wage

    Survey: Fewer Hungarians Earn Minimum Wage

    • 11 Jan 2018 8:50 AM

    Fewer Hungarians are working for minimum wage, daily Magyar Idők said on Thursday. About 303,000 labourers in Hungary earn the unskilled minimum wage, gross 138,000 forints (EUR 446) a month, Imre Palkovics, the head of the Labour Councils, told the paper, citing economy ministry data.

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