The development of the Internet has contributed to changes in society and the economy. New solutions have emerged, replacing or complementing the existing ones. Among them are cryptocurrencies, i.e. digital currencies independent of central institutions. Krzysztof Janc
The EC modified its estimate for last year's decline in Hungary's GDP to 5.3% from 6.4%. Photo credit: Gerd Altmann from Pixabay (jap)
– The economic restart action plan has been launched – Hungarian Prime Minister Viktor Orbán announced during a speech at the Hungarian Chamber of Commerce and Industry (MKIK) on Thursday.
South Korea's SK Innovation will build a USD 2.29 billion electric vehicle battery plant in Hungary, its third in the Hungary – Minister of Foreign Affairs and Trade Péter Szijjártó said at a press conference. The company will invest USD 2.29 billion by 2028 in an area measuring 700,000 m2, which is equivalent to 98 football stadiums.
The monthly minimum wage in Hungary for unskilled workers will rise from 161,000 forints to 167,400 (before tax), while skilled workers will receive 219,000 forints (up from 210,600).
The International Monetary Fund upheld its forecast of Poland's economic growth this year, and an expectation that Polish GDP will grow by a 5.1 percent in 2022.
Low-fare Hungarian carrier Wizz Air announced the addition of seven new low-fare holiday routes from Poland. The new routes, connecting Warsaw, Cracow, Gdansk, Katowice and Wroclaw with Bulgaria, Croatia, and Greece, will be launched in summer 2021. PHOTO CREDIT: Carlos Diaz z Pixabay
In early January 2021, two announcement related to Central and Eastern European energy security hit the news. Both of them, first LNG gas delivery to the Croatian LNG port and the TurkStream/Balkan Stream becoming operational, are signaling an ever continuous battle between the US and the Russian Federation. The goal?
Hungary's GDP is expected to grow by 3.8% in 2021 and to expand by 4.3% in 2022 – the World Bank predicted in its Global Economic Prospects report. Fot. Shiny Things / Flickr
Hungary has “never had such a successful year” in terms of investments thanks to the government’s economic promotion schemes – the minister of foreign affairs and trade said on Facebook.