Page 12 - Central Statistical News Today

President of the European Commission, Ursula von der Leyen initiated a proposal regarding the increase of minimum wages across Member States of the EU.

Hungary's ruling party has proposed legislation that would force municipalities to let tenants buy tens of thousands of municipally owned rented apartments at deeply discounted prices, a move that NGOs and mayors say could deepen a housing crisis.

IT Minister: Minimum Wage Regulations Should Remain Member State Competency 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. At the talks ahead of the EU’s summit on social affairs, the ministers exchanged experiences on the coronav...

Home Building Permit Issues Plunge in Capital, Jump Elsewhere The number of home building permits issued in Budapest plunged in the first quarter while jumping in the rest of the country, the Central Statistical Office (KSH) said on Wednesday. At the start of the year, the government slashed the VAT rate on home building to 5 percent from 27 percent. Overall, number of home building permits issued edged down 1 percent to 6,946. The number of home building permits issued in the capital fell by a...

Finance Minister: 2022 Budget Targets 5.2% Growth, 5.9% Deficit The government targets economic growth of 5.2 percent, with a deficit target of 5.9 percent of GDP and public debt of 79.3 percent, Finance Minister Mihály Varga said, presenting the 2022 budget bill to parliament on Tuesday. Varga said the budget was aimed at relaunching the economy, supporting families, reintroducing the 13-month pension, providing tax exemptions for earners under 25, while further reducing the tax burden on emp...

Japanese Nissin Foods Announces HUF 4.3 bn Expansion in Hungary The local unit of Japan’s Nissin Foods will spend 4.3 billion forints (EUR 11.8m) to expand its instant noodle soup plant in Kecskemét, in central Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó said on Thursday. The government is supporting the investment, which will preserve 320 jobs and create 20 new ones, with a 500 million forint cash grant, Szijjártó said. Nissin Foods Kft will add 20 percent to its ins...

Used Car Prices Skyrocket Due to Pandemic As a result of the pandemic, the demand for used cars in the Hungarian car market has increased, and at the same time the average prices have also increased by 33 percent, according to a report conducted by Használtautó.hu. According to the site’s data, the increase in demand and the rise of prices did not stop in the used car market. Average advertising prices of 3.1 million forints (EUR 8,600) in December last year were already above 3.7 million f...

One-third of Hungarians Planning for Vacation, Survey Found Around one-third of Hungarians say they are thinking of going on holiday this summer, Szallas.hu said on Tuesday, citing a survey conducted in cooperation with pollster Ipsos. According to Szallas.hu, Hungary’s easing of coronavirus-related restrictions has had a noticable impact on the figures, with reservations for the summer increasing daily. Szallas.hu PR manager Beatrix Trepess said that several times as many reservations have n...

Socialists Submit Bill on Making Minimum Wage Tax-exempt The opposition Socialist Party (MSZP) on Tuesday said it has submitted a bill to parliament that would make the minimum wage tax-exempt and reduce the income tax for low earners. Under the proposal, minimum wage earners would be eligible for a tax credit equal to the 15 percent personal income tax, Imre Komjáthi, the party’s deputy leader, said on Facebook. The tax credit would decrease for each higher wage bracket up to the median mon...

How Much Do Hungarians Earn? More Realistic Data Revealed by Central Statistical Office The Central Statistical Office (KSH) published the data of monthly median wages in Hungary for the past two years. The median wage has been a shortfall in statistics for a very long time, however, the statistical office released a more detailed series of data connected to the indicator. What can be concluded from this is that half of all employees receive no more than three-quarters of the official average w...