GDP Up 17.9% in Hungary
- 18 Aug 2021 3:03 PM
Hungary’s second-quarter GDP grew by an annual 17.9% after a double-digit decline in the base period, a first reading of data released by the Central Statistical Office (KSH) on Tuesday shows.
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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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Global Minimum Tax Against Hungary's Interests, Says Gov’t Official
- 16 Aug 2021 10:50 AM
Hungary refuses to give up its financial sovereignty by introducing a global minimum corporate tax rate, finance ministry state secretary András Tállai told publisher Mediaworks, arguing that such a tax would hurt businesses, consumers and the economy as a whole.
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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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Hungarian Audit Office Head Suggests Scrapping Personal Income Tax
- 12 Aug 2021 12:46 PM
The head of the State Audit Office, in an article published by the daily Magyar Nemzet, said ideally personal income tax should be scrapped altogether, arguing that it was a burden on work and generally perceived as a "punishment".
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Inflation Eases To 4.6% In July
- 11 Aug 2021 5:44 PM
Hungarian inflation was an annual 4.6% in July, after 5.3% in June, the Central Statistical Office (KSH) said on Tuesday.
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