News in Brief
Hungarian pensioners will get an average top-up of HUF 39,600 in November
The National Economy Ministry noted that pensions had been raised by 3.2% in January, corresponding to the government's assumption for average annual inflation.
Ministry of National Economy
M
News in Brief
National Economy Ministry: There are no short or long-term risks regarding Hungary's state debt
The ministry said in response to the EC’s Debt Sustainability Monitor report that the government is committed to fiscal discipline, including reducing public debt.
News in Brief
Hungary's employment rate is sixth-highest in EU
Hungary's jobless rate, at 4.4pc, is among the lowest in Europe and well under the 5.7pc EU average.
News in Brief
Hungary's profit margin cap reduces some food prices by 40%
"The measure is working, with price differences tangible on the first day already," André Palóc said.
News in Brief
Mandatory 10% cap on supermarket profit margins in place
The measure could bring prices of the products down by more than 10 percent.
News in Brief
National Economy Ministry: State-subsidised loans for blue-collar workers now being accepted
André Palóc noted that the zero-interest credit was available to working Hungarians under the age of 25 ineligible for student loans.
News in Brief
Nagy: National Economy Ministry will work to support families and businesses
Minister Nagy said that his ministry wanted to establish an "outstanding cooperation" with the National Bank of Hungary (NBH).
News in Brief
Government supports 5% cap on mortgages for first-time homebuyers
The mortgage cap will be available to first-time homebuyers under 35 from April 1 until October 31, 2025, conditional on purchases of homes no larger than 60sqm at a price of no more than HUF 1,200,000/sqm.
News in Brief
Government to allow voluntary pension fund savings to be used for home market
More than HUF 2,000bn in savings are in voluntary pension funds, and if "a few tenths" of those savings are mobilised by the measure, it could be considered a "real success", Zsolt Kovács said.
News in Brief
Hungary's petrol prices at the pump are some of the best in Europe
The price of petrol in Hungary averaged 605/litre during the month, HUF 7 under the average in neighboring countries.
News in Brief
Ministry orders probe of airlines that have violated consumer protection rules
The National Economy Ministry has taken measures to put an end to the “airport chaos”.
News in Brief
Strictest possible action will be taken against foreigners working illegally in Hungary
Foreigners can only be employed in a particular job if a Hungarian worker is not available to fill it.