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The government has increased its subsidy for purchases of new electric cars from Ft 1.5 million to Ft 2.5 million, and also introduced a decreasing scheme for subsidies for more expensive cars, Innovation and Technology Ministry state secretary Péter Kaderják announced on Wednesday.
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At least 120,000 people lost their job in Hungary because of the consequences of the coronavirus pandemic, researchers of the Academy of Sciences found in a study published yesterday.
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Hungary’s finance ministry submitted an updated convergence programme to the European Commission that envisages a 3% GDP contraction in 2020 in light of the coronavirus crisis.
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Average gross earnings amounted to HUF 377,300 in February 2020, 9.1% higher than a year earlier, according to data by the Central Statistical Office (KSH) says.
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Wage growth for full-time workers in Hungary slowed to 9.1% year on year in February, the Central Statistical Office (KSH) said.
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S&P Global Ratings has affirmed Hungary’s ‘BBB’ sovereign rating but changed the outlook to stable from positive in light of pandemic-related risks.
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