Used car sales in Hungary reached 586,489 in Q1-Q3, down 2.1% from the same period a year earlier, used car dealer DasWeltAuto said, citing figures compiled by Datahouse. DasWeltAuto head György Frank said used car sales could catch up to last year’s volume in the fourth quarter. DasWeltAuto’s own car sales climbed 15% to 6,306 […]
Parliament unanimously approved legislation to extend a moratorium on loan repayments, but only for vulnerable borrowers. The legislation extends the loan repayment moratorium by six months to next June. It covers families with children, pensioners, the jobless, fostered workers and companies struggling financially because of the pandemic. The moratorium was one of the first measures […]
Chinese telecommunications giant Huawei is setting up a research and development centre in Budapest, Minister of Foreign Affairs and Trade Péter Szijjártó said. The investment, which will create jobs for at least 100 Hungarian engineers, is Huawei’s third in Hungary, he said. Szijjártó said cooperation between Hungary and China was better than ever. The investment […]
Unions of steelmaker Dunaferr in Dunaújváros, in central Hungary, have staged a demonstration demanding that the company should pay employees’ wages and negotiate a new collective agreement. The company unilaterally terminated the collective agreement on August 14, has not started talks on a new deal with employees, and has delayed payment of last month’s wages. […]
The average price per square metre of a new builds in the capital rose by an annual 6.5% to 1,045,000, real estate broker Otthon Centrum said. New homes in the 5th district, in downtown Pest, as well as in the leafy 1st, 2nd and 12th districts of Buda, were listed for over 1.5 million per […]
Output of Hungary’s construction sector fell by an annual 13.6% in August, an improvement after a 21.0% decline in the previous month, data released by the Central Statistical Office (KSH) show. Output of the construction sector started dropping in March, when the first pandemic restrictions were introduced, and the decline reached the double digits in […]
Forint liquidity of Hungary’s banking sector rose in September from a month earlier, which was mainly reflected in an increase in the average stock of credit institutions’ preferential deposits with the National Bank of Hungary, the NBH said in a report.
The government is launching a 12.5 billion forints (EUR 34.4m) scheme to support the placement of 25,000 jobseekers either under the age of 25 or unskilled. Announcing the scheme, the innovation and technology ministry said a new subsidy will cover half of payroll costs of up to 100,000 forints a month for full-time employees, while […]
The government is launching a scheme for subsidising home renovations carried out by households with at least one child, Katalin Novák, the minister for family affairs, told a press conference.
On Wednesday (14th October), the price of petrol will drop by 2 HuF.