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Hungary’s diversified economy and disciplined fiscal policy support the country’s ‘Baa3’ credit rating with a stable outlook, ratings agency Moody’s said in an annual report.
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According to London macroeconomic analysts, Hungary will be among the emerging economies in Europe where the value of gross domestic product will reach the pre-COVID levels by the end of next year, writes conservative economics daily Világgazdaság.
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Facebook and Booking.com have voluntarily paid respective fines of Ft 1.2 billion and Ft 2.5 billion issued by the Competition Authority (GVH) but both companies have challenged the penalties in court, head of the authority Csaba Rigó said on Wednesday.
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Hungary’s consumer price index increased by an annual 2.2% in May, the Central Statistical Office (KSH) said.
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All businesses and foundations will be required to submit their invoices to the tax office online from July 1, Index reports.
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Wage growth for full-time workers in Hungary slowed to an annual 9% in March, the Central Statistical Office (KSH) said.
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