• 22 Nov 2024

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Mandatory Supermarket Food Price Discounts in Hungary to End Soon

Mandatory Supermarket Food Price Discounts in Hungary to End Soon

The government will abolish mandatory discounts on food products at big supermarkets from July 1, but the price-monitoring system will remain in place, the Economy Ministry announced on Tuesday.
Hungary Is Not 'Europe's Poorest Country', Asserts Econmin

Hungary Is Not 'Europe's Poorest Country', Asserts Econmin

The national economy ministry on Friday rejected reports branding Hungary the poorest country in the EU, calling the reports “nonsense” and “wilful lies”, a misinterpretation of an Eurostat report stating Hungarian household consumption as 70% of the EU average.
Life Expectancy in Budapest Is Significantly Shorter Than in Major European Cities

Life Expectancy in Budapest Is Significantly Shorter Than in Major European Cities

Budapest Mayor Gergely Karácsony, who heads the list of the Párbeszéd, Democratic Coalition and Socialist parties in the Budapest municipal election, said on Saturday that he will aim to extend residents’ life expectancy by five years during his next term if re-elected.
Retail Units Closing Rapidly in Hungary

Retail Units Closing Rapidly in Hungary

There were 106,300 fewer retail stores at the end of 2023, a decline of 16.3% from four years earlier, the Central Statistics Office said.
Chinese President's Visit Said to be Confirmation Of Hungary's 'Connectivity Strategy' - but What is That?

Chinese President's Visit Said to be Confirmation Of Hungary's 'Connectivity Strategy' - but What is That?

The Chinese president’s upcoming visit to Hungary — and the fact that France was the only other European Union country on his itinerary — is confirmation of the effectiveness of Hungary’s connectivity strategy, the prime minister’s political director has said.
Surprisingly 46% Tax Included in Regular Petrol Price in Hungary is Actually Lower Than in Many EU Countries

Surprisingly 46% Tax Included in Regular Petrol Price in Hungary is Actually Lower Than in Many EU Countries

Hungary’s taxes are not to blame for high fuel prices, the finance minister said on Monday, adding that taxes on fuels were among the lowest in the European Union.
Buying State Bonds Online Recently Became Popular in Hungary

Buying State Bonds Online Recently Became Popular in Hungary

Households making use of the possibility of opening treasury accounts online have invested a total of Ft 60 billion in state bonds since this option became available in December, Finance Minister Mihály Varga announced on Facebook.
IMF Lowers Hungary's GDP Growth Forecast to 2.2%

IMF Lowers Hungary's GDP Growth Forecast to 2.2%

The International Monetary Fund (IMF) projected Hungary’s GDP would grow by 2.2% this year in its latest World Economic Outlook.
Why Do Hungarians Keep 12% of Savings Abroad?

Why Do Hungarians Keep 12% of Savings Abroad?

Hungarians had a total of Ft 1.7 trillion in foreign bank accounts at the end of 2023, equal to 12% of all retail bank deposits, according to data from the MNB.
Mandatory Supermarket Food Price Discounts in Hungary to End Soon

Mandatory Supermarket Food Price Discounts in Hungary to End Soon

The government will abolish mandatory discounts on food products at big supermarkets from July 1, but the price-monitoring system will remain in place, the Economy Ministry announced on Tuesday.
Hungary Is Not 'Europe's Poorest Country', Asserts Econmin

Hungary Is Not 'Europe's Poorest Country', Asserts Econmin

The national economy ministry on Friday rejected reports branding Hungary the poorest country in the EU, calling the reports “nonsense” and “wilful lies”, a misinterpretation of an Eurostat report stating Hungarian household consumption as 70% of the EU average.
Life Expectancy in Budapest Is Significantly Shorter Than in Major European Cities

Life Expectancy in Budapest Is Significantly Shorter Than in Major European Cities

Budapest Mayor Gergely Karácsony, who heads the list of the Párbeszéd, Democratic Coalition and Socialist parties in the Budapest municipal election, said on Saturday that he will aim to extend residents’ life expectancy by five years during his next term if re-elected.
Retail Units Closing Rapidly in Hungary

Retail Units Closing Rapidly in Hungary

There were 106,300 fewer retail stores at the end of 2023, a decline of 16.3% from four years earlier, the Central Statistics Office said.
Chinese President's Visit Said to be Confirmation Of Hungary's 'Connectivity Strategy' - but What is That?

Chinese President's Visit Said to be Confirmation Of Hungary's 'Connectivity Strategy' - but What is That?

The Chinese president’s upcoming visit to Hungary — and the fact that France was the only other European Union country on his itinerary — is confirmation of the effectiveness of Hungary’s connectivity strategy, the prime minister’s political director has said.
Surprisingly 46% Tax Included in Regular Petrol Price in Hungary is Actually Lower Than in Many EU Countries

Surprisingly 46% Tax Included in Regular Petrol Price in Hungary is Actually Lower Than in Many EU Countries

Hungary’s taxes are not to blame for high fuel prices, the finance minister said on Monday, adding that taxes on fuels were among the lowest in the European Union.
Buying State Bonds Online Recently Became Popular in Hungary

Buying State Bonds Online Recently Became Popular in Hungary

Households making use of the possibility of opening treasury accounts online have invested a total of Ft 60 billion in state bonds since this option became available in December, Finance Minister Mihály Varga announced on Facebook.
IMF Lowers Hungary's GDP Growth Forecast to 2.2%

IMF Lowers Hungary's GDP Growth Forecast to 2.2%

The International Monetary Fund (IMF) projected Hungary’s GDP would grow by 2.2% this year in its latest World Economic Outlook.
Why Do Hungarians Keep 12% of Savings Abroad?

Why Do Hungarians Keep 12% of Savings Abroad?

Hungarians had a total of Ft 1.7 trillion in foreign bank accounts at the end of 2023, equal to 12% of all retail bank deposits, according to data from the MNB.