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Notwithstanding last year’s 70,000 fraudulent bankcard transactions costing 1.3 billion forints (EUR 3.6m), Hungary is among Europe’s safest countries for online bankcard payments both in terms of the volume and value of transactions, according to finance ministry state secretary András Tállai.
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The number of electronic invoices received by the tax office has been increasing exponentially, a finance ministry official has said.
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Hungary’s external balance indicators improved last year, in spite of the pandemic, the National Bank of Hungary (NBH) said in its quarterly Balance of Payments Report. Hungary had a current-account surplus for the year at 2.1% of GDP.
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The Socialist Party will be campaigning in the upcoming opposition primary in favour of making the minimum wage tax-exempt and reducing the income tax for low earners, the party’s co-leader said over the weekend.
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Retail sales fell by an annual 5.6% in February, according to unadjusted data, the Central Statistical Office (KSH) said. Based on calendar-year adjusted data, sales were down 5.9% in February.
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Consumer price inflation averaged an annual 3.7% in March, the Central Statistical Office (KSH) said. Analysts forecast a rise of 3.8%.
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