Danish toy manufacturer Lego is investing 53 billion forints (EUR 149.6m) to expand its plant in Nyíregyháza, in northeast Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said. The government is supporting the investment creating 250 jobs with a 5.9 billion forint grant, he noted. The investment will be the third largest in […]
The European Union acknowledges that Hungary is on the path to economic recovery from the coronavirus crisis, Finance Minister Mihály Varga said, noting that the European Commission has raised its projection for Hungary’s GDP growth this year to 5% from 4%.
Commenting on a European Union initiative to introduce a minimum corporate tax rate, Orbán said “it is in the national interest of Hungary not to accept externally imposed tax regulations” because “tax increases are toxic for its economic system.” He added that the “starting point” for the country’s economic success was a tax system that […]
Socialist MEP István Ujhelyi has called on the government to apply for one billion euros from the remaining funding of the European Union’s SURE job protection programme.
Hungary has jumped five places to rank 42nd in the report published by the Swiss IMD World Competitiveness Center, Finance Minister Mihály Varga said on Thursday.
Hungary’s recently adopted 2022 budget is a “fata morgana” designed to “benefit one percent” of the population, the opposition Socialist and Párbeszéd parties told an online press conference on Wednesday.
The output of Hungary’s construction sector fell by an annual 7.2% in April, after growing by 4.3% in the previous month, the Central Statistical Office (KSH) said on Tuesday.
National bus carrier Volánbusz has taken delivery of its first electric bus, a model by Chinese manufacturer BYD made in Hungary.
Hungary’s parliament passed into law the government’s 2022 budget in a final vote on Tuesday.
Opposition LMP has branded a personal income tax rebate for low-earning parents proposed by the prime minister this week as a “campaign stunt”, saying that the government should have instead helped families and businesses over the past year and a half.