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The government on Tuesday submitted Hungary’s plan for utilising the European Union’s Recovery and Resilience Facility (RRF) which covers more than 2,500 billion forints (EUR 7bn) worth of strategic development projects over the next six years, the state secretary in charge of EU developments said.
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The European Commission has projected the Hungary GDP will grow by 5.0% this year, in a spring economic forecast published on Wednesday.
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Hungary has joined the Coalition of Finance Ministers for Climate Action after Finance Minister Mihály Varga signed the respective document, the ministry said on Wednesday.
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Shops and other small business owners affected by the curfew and temporary closures will not have to pay tax for last month, while more than 30,000 companies are exempt from paying employment contributions, leaving 11 billion forints (EUR 30m) in their pockets, a finance ministry official said on Wednesday.
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Hungary’s consumer price index increased by an annual 5.1% in April, the Central Statistical Office (KSH) said on Tuesday.
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Finance Minister Mihály Varga on Tuesday announced measures to cut and streamline taxes next year that the government will soon propose to lawmakers.
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