Hungarys economy ministry will draft soon a new programme to promote growth and job creation in the country, portfolio.hu reported, quoting economy minister Gyorgy Matolcsy. The programme, which will be based on the governments economic development strategy, will boost job creation in small and medium-sized enterprises. Taxes on labour would be reduced for those employee groups for which the rate of employment is much lower than the EU average, Matolcsy said without further elaborating. Hungarys cabinet expects the employment growth to accelerate to 2.2% y/y in 2013 from 1.2% y/y in 2012, according to the macroeconomic framework of the 2013 state budget draft. |
Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more
The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more
The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more