Hungary Gross Wages Up 15.3 % in July
The average gross wage of full-time employees in Hungary grew by an annual 15.3% in July, amounting to 500,000 forints (EUR 1,230), the Central Statistical Office said on Friday.
Economy
Budget Deficit Close to HUF 2,872.7 BN at End-August
Hungary’s cash-flow-based budget deficit, excluding local councils, was 2,872.7 billion forints (EUR 7.1bn) at the end of August, the finance ministry said in a second reading of data on Friday.
At the EU level, food prices have risen the most in Hungary, and it is not over yet
In Hungary, the highest food inflation in the Union was measured in August compared to a year ago: bread, meat, cheese, and many basic foods rose in price the most in our country.
LMP: If Government Can Afford Pay Hike for Police, Then Teachers Should Also Get Higher Wage
The opposition LMP party has repeated its demand that the government raise teachers’ wages. “If there are enough funds in the budget to pay for a pay rise for police, then there is no reason to tie a hike for teachers to the arrival of EU funds,” MP Máté Kanász-Nagy told a press briefing.
Opposition Appeals to Top Court Against Small Business Tax Changes
Parties of the parliamentary opposition have appealed to the Constitutional Court to scrap a recent law changing regulations concerning the small business tax (kata), the head of Momentum told a press conference broadcast online in front of the top court building in Budapest.
Government Starts Energy Savings at State Institutions
The government is starting to make energy savings at state institutions, while ensuring the regulated price regime for household utilities remains in force, the government’s information centre KTK said in a statement late on Monday.
Jobbik Demands Measures Against Imported Labour
The opposition Jobbik party has demanded that the government should introduce quotas on the labour market and take measures against companies employing guest workers.
Support Scheme Announced for Energy-Intensive SMEs
Hungary’s government has approved a support scheme for energy-intensive small and medium-sized businesses, Márton Nagy, the minister for economic development, said over the weekend.
Government Info Event: A Decision Has Been Made on the Petrol and Food Price Cap
The government has decided to extend the gasoline and food price freeze for another three months, the minister in charge of the Prime Minister’s Office announced on Saturday in Budapest, in the Government Info Event.
Construction Sector Up 3.0% in July
Output of Hungary’s construction sector rose by an annual 3.0% in July, after shrinking by 8.1% in the previous month, the Central Statistics Office (KSH) said on Thursday in a first reading of data.