Hungary and Austria believe that setting a minimum wage from Brussels would be ill-advised due to large differences in the level of development between European Union member states, László Palkovics, the minister of innovation and technology, has told public media after talks with Austrian Labour Minister Martin Kocher on the sidelines of the EU summit […]
Budapest Mayor Gergely Karácsony has presented an alternative plan on the use of the European Union’s pandemic recovery fund, developed by the Association of Hungarian Municipalities (MÖSZ).
Hungary’s largest dairy company, Sole-Mizo, has undertaken developments at three of its facilities, investing 5 billion forints (EUR 13.9m), Finance Minister Mihály Varga said on Friday.
Supporting jobs, families and innovation are Hungary’s recipe for addressing social challenges faced by the European Union, Katalin Novák, the minister in charge of family affairs, said in Porto on Thursday.
Hungary accepts the European Union’s guidelines on the minimum wage but maintains that the issue should be regulated by the member states, László Palkovics, the innovation and technology minister, said after talks with Ana Mendes Godinho, the Portuguese labour and social affairs minister, in Porto on Friday.
German and other foreign businesses operating in Hungary continue to have confidence in the Hungarian economy, with business leaders expecting the country’s growth to outpace the regional average this year, the finance minister said at an online event of the German-Hungarian Chamber of Industry and Commerce (DUIHK) on Thursday.
Hungary’s economy would fall into recession next year if it had no access to EU support, a senior opposition LMP official said, accusing the government of maintaining a “botched economic policy and high budget deficit”.
The pandemic caused a 184 billion forint (EUR 511m) shortfall in revenue at state-owned companies last year, Andrea Mager, the minister in charge of managing state assets, said at an annual hearing before parliament’s economic committee.
Hungary’s use of the Russian and Chinese Covid-19 vaccines saved the country’s economy “vast amounts of money”, a foreign ministry official said.
Hungary and Pakistan are ready to strengthen business cooperation, Péter Szijjártó, the minister of foreign affairs and trade, said on Friday, after meeting Pakistani counterpart Shah Mahmood Qureshi. Szijjártó is heading a delegation of business leaders representing 17 Hungarian companies to Islamabad, who were scheduled to attend a business forum later in the day.