Innovation and Technology Minister László Palkovics submitted the government’s energy and climate protection strategies to parliament’s sustainable development committee on Tuesday. Presenting the document, Palkovics said that Hungary would need funds totalling 50,000 billion forints (EUR 150bn) to make its economy carbon-free by 2050, thus meeting the European Union’s requirements of climate …
Read More »Migration Not Needed for Successful Economic Policy, says Foreign Minister Szijjártó
The policies pursued by Hungary over the past ten years have demonstrated that migration is not a necessity for a successful economic policy, Foreign Minister Péter Szijjártó said at an OECD ministerial meeting in Paris on Friday. In his address to the session centred on the integration of immigrants, Szijjártó warned against …
Read More »Construction sector output up 20.5% in October
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 …
Read More »Hungary’s 10 Major Problem Areas, Listed by National Bank Governor Matolcsy
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 …
Read More »Why do people not have jobs in Hungary?
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 …
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