Hungary’s Minister of Agriculture Sándor Fazekas said this morning during a press conference that multinationals in Hungary “con and deceive Hungarian customers,” a practice he described as “outrageous,” citing a recent investigation by food safety authority Nébih. This follows an earlier Nébih report that a trade association rejected as “subjective.”
Hungary’s unemployment rate dropped by 1.7 percentage points to 4.4% in the December-February period, as compared to the equivalent period a year earlier, the Central Statistical Office (KSH) reported today in a first release of data. The improvement in the rate was greater among women, as a result of which joblessness dropped lower among women than men.
In the mid-1990s, the United Kingdom’s legacy telephone monopoly, then called British Telecom, had a massively successful advertising campaign built around the simple slogan “It’s good to talk”.
Proposed legislation submitted to Parliament late Tuesday promises to clarify and tighten rules related to foreign institutions offering higher education in the country. The rector of the Central European University (CEU) fears the proposed law targets his institution, set up by Hungarian-American financier George Soros, and would lead to its closure.
The Monetary Council of the National Bank of Hungary (MNB) set a HUF 500 billion limit on the stock of three-month deposits, the central bankʼs main sterilization instrument, by the end of the second quarter at its policy meeting Tuesday, according to Hungarian news agency MTI.