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Economy

Weekly 500-700 Petrol Stations May See Fuel Shortage

June 29, 2022Tóháti ZsuzsaLeave a Comment on Weekly 500-700 Petrol Stations May See Fuel Shortage

Some 500-700 petrol stations could be without fuel every week despite the fact that there are no significant problems with supplies in the market, the deputy leader of the opposition Democratic Coalition (DK) said, citing a report by daily Népszava.

Policymakers Hike Base Rate 185 BP to 7.75%

June 29, 2022Tóháti ZsuzsaLeave a Comment on Policymakers Hike Base Rate 185 BP to 7.75%

Hungarian rate-setters (NBH) raised the base rate by 185 basis points to 7.75% at a monthly policy meeting on Tuesday.

‘Unacceptable’ Ryanair Passing on Special Tax to Customers

June 29, 2022Tóháti ZsuzsaLeave a Comment on ‘Unacceptable’ Ryanair Passing on Special Tax to Customers

The government considers it “unacceptable” that low-cost airline Ryanair wants to pass on the tax on excessive profits to customers with retroactive effect, government spokeswoman Alexandra Szentkirályi said.

Car Industry ‘Facing Severe Challenges’

June 28, 2022Tóháti ZsuzsaLeave a Comment on Car Industry ‘Facing Severe Challenges’

Like the economy of Europe as a whole, its car industry faces grave challenges in the coming period, the minister of foreign affairs and trade has said.

Bad News: One Euro Costs 404 HuF

June 27, 2022Tóháti ZsuzsaLeave a Comment on Bad News: One Euro Costs 404 HuF

This morning, the forint reached another negative peak against the euro: at 6 a.m. 400 forints had to be paid for 1 euro, but around 9:00, the national currency began to deteriorate rapidly, and around 11:00 the EU currency was worth more than 404 forints, writes HVG.

MOL Lowers Refuelling Limit for Retail Buyers

June 27, 2022Tóháti ZsuzsaLeave a Comment on MOL Lowers Refuelling Limit for Retail Buyers

Hungarian oil and gas company MOL has set a 50-litre per-service refuelling limit for retail buyers at its domestic petrol stations from Friday, the company has said. The new limit is half the volume available so far, MOL told MTI.

Unilever Hungary to End Production at Southern Hungary Plant

June 27, 2022Tóháti ZsuzsaLeave a Comment on Unilever Hungary to End Production at Southern Hungary Plant

The local of unit of FMCG giant Unilever will discontinue production at its plant in Röszke (S Hungary), laying off 80% of the 190 workers, Unilever said on Friday. The plant’s new owner, Mezőker will take over 20% of the workers. Hungarian-owned Mezőker has been Unilever’s supplier for almost 30 years.

Over 20,000 Signatures Collected to Save Bees and Farmers

June 24, 2022Tóháti ZsuzsaLeave a Comment on Over 20,000 Signatures Collected to Save Bees and Farmers

Over 20,000 signatures have been collected in Hungary in support of the European Citizens Initiative entitled “Save Bees and Farmers: Towards a bee-friendly agriculture system for a healthier environment”, the National Election Committee (NVB) said on Thursday.

Jobless Rate Edges Down to 3.5% in May

June 24, 2022Tóháti ZsuzsaLeave a Comment on Jobless Rate Edges Down to 3.5% in May

Hungary’s jobless rate was 3.5% in May, down from 3.6% in the previous month and from 3.9% twelve months earlier, the Central Statistical Office (KSH) said. The rate covers 15-74 year olds. Fully 168,500 were jobless in May, down by 7,800 on the previous month and 20,900 fewer than in May 2021. The rolling three-month […]

EC Scrutinises MOL-OMV Slovenija Deal

June 24, 2022Tóháti ZsuzsaLeave a Comment on EC Scrutinises MOL-OMV Slovenija Deal

The European Commission on Thursday said it opened an in-depth investigation to assess the planned acquisition of OMV Slovenija by Hungarian oil and gas company MOL.

Latest News

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  • Weekly 500-700 Petrol Stations May See Fuel Shortage
  • Policymakers Hike Base Rate 185 BP to 7.75%
  • ‘Unacceptable’ Ryanair Passing on Special Tax to Customers
  • 5G Radiation Levels Safe, Say Experts
  • Ukrainian Musical Folklore Project Receives European Citizen’s Prize
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  • Consolidated financial statement of the Eurosystem as at 24 June 2022
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The Balaton Sun

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