• 01 Jan 2025

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Major Retailer Sees No Food Shortage But High Prices in Hungary

Major Retailer Sees No Food Shortage But High Prices in Hungary

There is no need to worry that there will be a serious shortage of anything, but the price of some products will rise dramatically, which is simply a fact, Gabriella Heiszler CEO of retail chain Spar Magyarország told personal finance website Pénzcentrum on Monday.
Hungary 'Never Proud to be an Outlier in EU'', Say PM's Chief of Staff

Hungary 'Never Proud to be an Outlier in EU'', Say PM's Chief of Staff

Hungary's government aims to find allies and is never proud to be an outlier in "regrettable" debates in the European Union, the prime minister's chief of staff said. But sometimes combatting Brussels necessary to thwart decisions that don’t take Hungary’s interests into consideration, Gergely Gulyás said in an interview with public media website hirado.hu.
Car Industry 'Facing Severe Challenges', Says Hungarian FM

Car Industry 'Facing Severe Challenges', Says Hungarian FM

Like the economy of Europe as a whole, its car industry faces grave challenges in the coming period, the minister of foreign affairs and trade has said.
Hungarian Parliament Rejects Directive On Global Minimum Tax

Hungarian Parliament Rejects Directive On Global Minimum Tax

Hungary rejects plans to introduce a global minimum tax as it would jeopardise jobs, Tamás Menczer, state secretary at the foreign ministry, told public broadcaster M1.
Hungary Moves Up Three Places in World Competitiveness Ranking

Hungary Moves Up Three Places in World Competitiveness Ranking

Hungary ranks 39th on the list of the world’s most competitive economies, up three places from last year, Finance Minister Mihály Varga said on Monday, citing information from Swiss competitiveness research institute IMD.
Is 0% VAT for Basic Foods in Hungary Coming?

Is 0% VAT for Basic Foods in Hungary Coming?

The opposition Democratic Coalition has called on ruling Fidesz to vote for its earlier proposal cutting VAT for basic foodstuffs to zero percent.
Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Opposition parties have slammed the Hungarian draft budget submitted on Tuesday as “an austerity budget”. Jobbik deputy leader Dániel Z. Kárpát said the budget contained austerity measures to the tune of 2,000 billion forints (EUR 5.1bn), “including indirect effects”.
Hungary's Footballers Suffer 2-1 Defeat in Italy

Hungary's Footballers Suffer 2-1 Defeat in Italy

Two first-half goals were enough to secure Italy a 2-1 victory against Hungary in Cesena on Tuesday evening, but Marco Rossi's visitors battled hard and even had chances to equalise after an own goal got them back into the game with half an hour of the match remaining.
Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

The cabinet has decided to set up a fund for protecting the cap on utility bills and is introducing a tax on extra profits to finance it, Márton Nagy, the minister of economic development, said in an interview to public radio on Sunday.
Major Retailer Sees No Food Shortage But High Prices in Hungary

Major Retailer Sees No Food Shortage But High Prices in Hungary

There is no need to worry that there will be a serious shortage of anything, but the price of some products will rise dramatically, which is simply a fact, Gabriella Heiszler CEO of retail chain Spar Magyarország told personal finance website Pénzcentrum on Monday.
Hungary 'Never Proud to be an Outlier in EU'', Say PM's Chief of Staff

Hungary 'Never Proud to be an Outlier in EU'', Say PM's Chief of Staff

Hungary's government aims to find allies and is never proud to be an outlier in "regrettable" debates in the European Union, the prime minister's chief of staff said. But sometimes combatting Brussels necessary to thwart decisions that don’t take Hungary’s interests into consideration, Gergely Gulyás said in an interview with public media website hirado.hu.
Car Industry 'Facing Severe Challenges', Says Hungarian FM

Car Industry 'Facing Severe Challenges', Says Hungarian FM

Like the economy of Europe as a whole, its car industry faces grave challenges in the coming period, the minister of foreign affairs and trade has said.
Hungarian Parliament Rejects Directive On Global Minimum Tax

Hungarian Parliament Rejects Directive On Global Minimum Tax

Hungary rejects plans to introduce a global minimum tax as it would jeopardise jobs, Tamás Menczer, state secretary at the foreign ministry, told public broadcaster M1.
Hungary Moves Up Three Places in World Competitiveness Ranking

Hungary Moves Up Three Places in World Competitiveness Ranking

Hungary ranks 39th on the list of the world’s most competitive economies, up three places from last year, Finance Minister Mihály Varga said on Monday, citing information from Swiss competitiveness research institute IMD.
Is 0% VAT for Basic Foods in Hungary Coming?

Is 0% VAT for Basic Foods in Hungary Coming?

The opposition Democratic Coalition has called on ruling Fidesz to vote for its earlier proposal cutting VAT for basic foodstuffs to zero percent.
Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Hungarian Opposition Slams Draft Budget as 'Austerity Budget'

Opposition parties have slammed the Hungarian draft budget submitted on Tuesday as “an austerity budget”. Jobbik deputy leader Dániel Z. Kárpát said the budget contained austerity measures to the tune of 2,000 billion forints (EUR 5.1bn), “including indirect effects”.
Hungary's Footballers Suffer 2-1 Defeat in Italy

Hungary's Footballers Suffer 2-1 Defeat in Italy

Two first-half goals were enough to secure Italy a 2-1 victory against Hungary in Cesena on Tuesday evening, but Marco Rossi's visitors battled hard and even had chances to equalise after an own goal got them back into the game with half an hour of the match remaining.
Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

Firms Monitored To Stop 'Extra Profit' Tax Being Passed to Consumers, Says Minister

The cabinet has decided to set up a fund for protecting the cap on utility bills and is introducing a tax on extra profits to finance it, Márton Nagy, the minister of economic development, said in an interview to public radio on Sunday.