• Faster Minimum Wage Hikes Advocated by Hungarian Union

    Faster Minimum Wage Hikes Advocated by Hungarian Union

    • 17 Aug 2021 11:36 AM

    High inflation and the weaker forint have annulled the wage hike made at the beginning of the year, so the gross minimum wage should be increased to Ft 200,000 per month from January 1, 2022, president László Kordás of union alliance Maszsz told Népszava on Monday.

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  • S+P: Stable Outlook in Hungary

    S+P: Stable Outlook in Hungary

    • 16 Aug 2021 9:43 AM

    S+P Global Ratings affirmed Hungary’s ‘BBB’ sovereign rating with a stable outlook at a scheduled review. S+P’s analysts projected Hungary’s economy would grow 6.1% this year and 5.3% in 2022, acknowledging the country’s effective vaccination rollout and fiscal stimulus.

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  • Hungary’s Budget Deficit Lifted In July

    Hungary’s Budget Deficit Lifted In July

    • 10 Aug 2021 3:25 PM

    Hungary’s cash flow-based budget deficit, excluding local councils, reached 1,803.7 billion forints (EUR 5.09bn) at the end of July, widening on stimulus measures, the Finance Ministry said in a preliminary release of data on Monday.

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