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The government has managed to simultaneously reduce the tax burden while increasing revenues this year, and this additional money is being ploughed into new measures under the family protection action plan as well providing coverage for new tax cuts, a finance ministry official has said in an interview.
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From January 1, 2020 the old Ft 10,000 banknote ceases to be legal tender, HVG recalls, warning consumers that these notes cannot be used after December 31.
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The minimum wages for both skilled and unskilled workers will rise by 8% next year, in line with an agreement reached a year earlier between unions, employers and the government, Finance Minister Mihály Varga has announced.
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The National Bank of Hungary (NBH) just issued a reminder that old 10,000 forint (EUR 30) bills will be withdrawn from circulation at the end of this year.
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Rate-setters of the National Bank of Hungary left the base rate unchanged at 0.90% and the central bank O/N deposit rate at -0.05% at a regular meeting on Tuesday.
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The local unit of German discount chain Aldi will spend 2.5 billion forints on wage rises next year, Aldi Magyarország said.
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