Business

Hungary’s three-month rolling average jobless rate up to end-June was 4.6 percent, 0.5 percentage point higher than the previous three-month period and up 1.3 percentage points from twelve months earlier, the Central Statistical Office (KSH) said on Wednesday. The rate covers unemployment among those between the ages of 15 and 74. In …

The government has organised its response to the new coronavirus outbreak along the policing, military, health-care and economic aspects of combatting the epidemic, Prime Minister Viktor Orbán told a press conference on Monday. “We will have to succeed on four battlefields simultaneously,” Orbán said at an online press conference of the operative …

Weeklies and weekend editions of dailies ponder the economic and social implications of the coronavirus emergency, including discussion of the extension of the state of emergency. Hungarian press roundup by budapost.eu In 168 Óra, Péter Somfai suggests panic shopping is due to the lack of trust among Hungarians. The left-wing columnist suggests that the Hungarian …

The government has decided to suspend until the end of the year the capital and interest rate payment obligations of both private individuals and businesses under effective loan agreements, Prime Minister Viktor Orbán announcedon his Facebook page on Wednesday. The government has also decided to extend short term business loans until …

Due to the spread of the coronavirus, and the decreased sales and uncertainty in car parts supplies, the Volkswagen Group will suspend production at most of its plants, including its plant in Győr as well. Audi has confirmed, that in addition to its plants in Ingolstadt, Brussels, and Mexico, their factory …

The volume of gross domestic product was 4.5% higher in Hungary in the Q4 2019 than in the corresponding period of the previous year, with GDP growth for the whole year reaching 4.9%, according to a second reading of data by the Central Statistical Office (KSH). In the last quarter …

The average gross wage for full-time workers in Hungary grew by an annual 13.1 percent to a monthly 406,388 forints (EUR 1,200) in December 2019, the Central Statistical Office (KSH) said on Wednesday. Net wages grew at the same pace, to 270,248 forints. Calculating with a 3.4 percent inflation rate in 2019, …

Hungary’s three-month rolling average jobless rate fell to 3.3 percent in December, down 0.2 percentage point from the previous month and 0.3 percentage point lower than twelve months earlier, the Central Statistical Office (KSH) said on Wednesday. The rate covers unemployment among those between the ages of 15 and 74. In absolute …

The rapid increase in the price of flats in the capital has not stopped for six years. For this reason, recent statistics revealed the current flat prices in Budapest for the last time in 2019. Foreigners buying the most flats in Budapest? Portfólió reported that District 5 is still among …

Output of Hungaryʼs construction sector climbed 20.5% year-on-year in October, Hungarian news agency MTI says, citing unadjusted data released by the Central Statistical Office (KSH). Output of the buildings segment was up 18.8%, lifted by construction of residential, cultural and industrial buildings, KSH said. Civil engineering output rose 22.3%, helped …

Hungaryʼs three-month rolling average jobless rate stood at 3.5% in July-September, slightly up from the preceding three-month period, but down from 3.8% in the corresponding period of 2018, the Central Statistical Office (KSH) said on Tuesday. The rate covers unemployment among those aged 15-74. In absolute terms, there were 162,500 …

György Matolcsy wrote a ten-point list of major areas in need of improvement and development in Hungary. In his article published on Novekedes.hu, the Governor of the National Bank of Hungary touches on many issues from the (still non-existent) Ferihegy high-speed railway, to solving the problems of women wanting babies, to the sugar …

The CEE real estate market is enjoying an unprecedented inflow of overseas capital ranging from South Africa to Asia, according to the latest CEE Investment Report 2019: Thriving Metropolitan Cities, a publication by Skanska, Colliers International, and Dentons. The report says the region is expected to keep up the momentum, …

Earlier this year we reported that a high speed railway service is being planned to link Budapest and Warsaw. New updates on the project were released this week. Based on information from turizmus.com, last week ministers from the Visegrád Group nations – Hungary, Slovakia, Czech Republic and Poland – have …

31,000 people have not found (or have not even tried to find) jobs in Hungary. Labour shortage has decreased significantly, but there are still 31,000 people who have not found (or have not even tried to find) jobs in Hungary.  24.hu reports that based on data from KSH (published by …

The Budapest-based Rollet has been prized and praised to be the most promising start-up enterprise of 2019. The ceremony took place at the Property Forum of Vienna, the most prestigious real-estate conference in the region where the top 100 most influential companies represent themselves from all over Central Europe. According …

By the end of this summer, the average square metre price of new flats reached 900,000 HUF (2,700 EUR) in the Hungarian capital. The most expensive district is still the fifth, while in the twenty-third, people can still find flats at reasonable prices. Portfólió reported that statistics examined 24,000 available …

n the period December 2017–February 2018, the rolling three-month average number of unemployed Hungarians was some 25,000 fewer than a year earlier, while the jobless rate decreased by 0.6 of a percentage point to 3.8%. Employment data show there were around 70,000 more people in work than at the same …

According to data gathered from 13 European countries by international salary portal paylab.com to mark International Wonemʼs Day on March 8, the salary conditions of women are still below those of men. Paylab recommends women step up for their rights when negotiating their salaries. A comparison of salaries of the …

Özyer Group has signed an agreement with Marriott International to launch the acclaimed Luxury Collection brand in Hungary with Matild Palace, a Luxury Collection Hotel, according to a recent announcement made by Özyer Group. As the first Luxury Collection Hotel in Hungary, the Matild Palace will provide the perfect setting …

The Hungarian tobacco market has been lit up and most probably will break the annual record of traffic, Hungarian daily Világgazdaság reported based on data made public by national tobacco distribution firm Nemzeti Dohánykereskedelmi (ND) Nonprofit Zrt. Retail traffic of tobacco products in June exceeded HUF 56.6 billion, which boosted …

Speaking to journalists on Wednesday, Rob Khazzam, Uber’s regional director for Central Europe, said in explanation of the move that the company wants to return to Budapest, the Hungarian capital, where it began offering its service in 2014. By this summer, the monthly number of Uber rides had increased to …

Uber’s Outed totally from Hungary in 11 days   Hungary is planning to ban the service offered by the US-based mobile ride hail company Uber, according to a government politician. With regulating the taxi industry, the Hungarian government is expressly restricting unlawful activity but continues to support and encourage innovative solutions, …