• 10 Jun 2023

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Inflation Forces 45% of Hungarian to Stop Buying Some Basic Items & Food

Inflation Forces 45% of Hungarian to Stop Buying Some Basic Items & Food

Some 45% of Hungarians have already been forced to give up some basic food and household goods due to price increases reports napi.hu.
At Protest Márki-Zay Accuses Orbán Gov't of Planning “Drunken Austerity”

At Protest Márki-Zay Accuses Orbán Gov't of Planning “Drunken Austerity”

The opposition Mindenki Magyarországa Mozgalom mounted a protest at Jászai Mari Square at the bridgehead of Margit Bridge in the capital on Saturday, under the slogan Wake up, Hungary!
KATA Tax Misused by Companies, Says Orbán

KATA Tax Misused by Companies, Says Orbán

Regarding the itemised tax for small businesses (kata), changes to which have triggered protests in Budapest this week, Orbán said the tax was originally created to offer a simple and easy-to-handle tax for small businesses providing for private customers.
Analysis: Recent Retail Sales Jump

Analysis: Recent Retail Sales Jump

Retail sales in Hungary rose by an annual 12.0% in May, data released by the Central Statistical Office (KSH) on Wednesday show.
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”.
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.
Economy Expands by 8.2% in Hungary

Economy Expands by 8.2% in Hungary

Hungary’s GDP grew by an annual 8.2% in the first quarter, the Central Statistical Office (KSH) said in a second reading of data. Adjusted for seasonal and calendar-year effects, first-quarter GDP rose by 8% year on year. Quarter on quarter, adjusted GDP grew by 2.1%.
Orbán Meets Le Pen: 'Europeans Must Be Protected'

Orbán Meets Le Pen: 'Europeans Must Be Protected'

Viktor Orbán met Marine Le Pen in Paris on Friday to discuss threats Europe faces such as the war in Ukraine and its economic fallout, according to a statement by the Prime Minister’s press chief.
New Windfall Tax on

New Windfall Tax on "Extra Profits" Announced in Hungary

Hungary's government will require banks, insurers, retail chains, energy companies, telcos and airlines to contribute their "extra profits" to a utilities fund and a defence fund for a period of two years, Prime Minister Viktor Orbán said in a video message on Facebook on Wednesday.
Inflation Forces 45% of Hungarian to Stop Buying Some Basic Items & Food

Inflation Forces 45% of Hungarian to Stop Buying Some Basic Items & Food

Some 45% of Hungarians have already been forced to give up some basic food and household goods due to price increases reports napi.hu.
At Protest Márki-Zay Accuses Orbán Gov't of Planning “Drunken Austerity”

At Protest Márki-Zay Accuses Orbán Gov't of Planning “Drunken Austerity”

The opposition Mindenki Magyarországa Mozgalom mounted a protest at Jászai Mari Square at the bridgehead of Margit Bridge in the capital on Saturday, under the slogan Wake up, Hungary!
KATA Tax Misused by Companies, Says Orbán

KATA Tax Misused by Companies, Says Orbán

Regarding the itemised tax for small businesses (kata), changes to which have triggered protests in Budapest this week, Orbán said the tax was originally created to offer a simple and easy-to-handle tax for small businesses providing for private customers.
Analysis: Recent Retail Sales Jump

Analysis: Recent Retail Sales Jump

Retail sales in Hungary rose by an annual 12.0% in May, data released by the Central Statistical Office (KSH) on Wednesday show.
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”.
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.
Economy Expands by 8.2% in Hungary

Economy Expands by 8.2% in Hungary

Hungary’s GDP grew by an annual 8.2% in the first quarter, the Central Statistical Office (KSH) said in a second reading of data. Adjusted for seasonal and calendar-year effects, first-quarter GDP rose by 8% year on year. Quarter on quarter, adjusted GDP grew by 2.1%.
Orbán Meets Le Pen: 'Europeans Must Be Protected'

Orbán Meets Le Pen: 'Europeans Must Be Protected'

Viktor Orbán met Marine Le Pen in Paris on Friday to discuss threats Europe faces such as the war in Ukraine and its economic fallout, according to a statement by the Prime Minister’s press chief.
New Windfall Tax on

New Windfall Tax on "Extra Profits" Announced in Hungary

Hungary's government will require banks, insurers, retail chains, energy companies, telcos and airlines to contribute their "extra profits" to a utilities fund and a defence fund for a period of two years, Prime Minister Viktor Orbán said in a video message on Facebook on Wednesday.