Spending on recreation and culture accounts for about 7.2% of the total expenditure of Hungarian households, a relatively low level compared to other countries in the region, data compiled by EU statistical body Eurostat shows. More >>
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World Bank Projects Faster-Growing Hungarian Economy
- 10 Jan 2019 8:31 AM
Responding to the World Bank’s latest report forecasting the rate of Hungarian economic growth in 2018 at 4.6%, 0.5 of a percentage point higher than its June projection, the finance ministry said all major international organisations had upgraded their growth estimates for Hungary.
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Hungary Posts 496 Million Euro Trade Surplus In Nov
- 10 Jan 2019 8:11 AM
Hungary posted a 496 million euro trade surplus in November, down by 186 million from the same month a year earlier, the Central Statistical Office (KSH) said in a first reading of data.
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Finance Minister: Online Invoicing System Contributes To Whitening Hungarian Economy
- 9 Jan 2019 6:47 AM
Hungary’s comprehensive online invoicing system has been operating seamlessly since its introduction in July 2018 and has contributed to a 403 billion forint jump (EUR 1.3bn) in VAT revenue year on year, Finance Minister Mihály Varga said.
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Instant Bank Transfer Testing Starts In Hungary
- 4 Jan 2019 9:15 AM
Banks began testing a new instant money transfer system on January 2, the central clearing house Giro announced yesterday.
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Hungarian Finance Minister Announces 8% Minimum Wage Hike For 2019, 2020
- 31 Dec 2018 9:39 AM
The minimum wage in Hungary will increase by 8% on Jan. 1, the finance minister said. The wage will go up by another 8 % a year later, Mihály Varga told a press conference after a two-year agreement was reached at talks in the permanent conference of employer, employee, and government representatives (VKF).
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Hungary’s Standard Of Living Is Still Well Below EU Average
- 27 Dec 2018 6:58 AM
According to data from 2017 published on Thursday by Eurostat, the standard of living in Hungary is still well below the EU average. When it comes to consumption, Bulgaria is the only country performing worse.
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