In February 2018, average monthly gross earnings amounted to HUF 306,500, 11.9% higher than a year earlier. In January–February 2018, average gross earnings amounted to HUF 308,700 and net earnings to HUF 205,300, both up 12.9% compared to the first two months of 2017, earnings data from the Central Statistical Office (KSH) show.
Minister for National Economy Mihály Varga will continue to oversee the economic portfolio in Hungaryʼs new government, Prime Minister Viktor Orbán said in his weekly radio interview on Friday. Meanwhile, János Lázár, who has headed the Prime Ministerʼs Office for the past four years, is set to return to local politics.
Industrial output was up nearly 7% in January from a year before. The figures give reason for optimism and analysts therefore also expect good GDP data for the first quarter.
The Open Society Foundations (OSF) network, founded by Hungarian-born business magnate George Soros to financially support civil society around the world, has declined to confirm news reports Thursday that it may close its office in Budapest, saying instead it is “considering various options.”
Economy ministers of the Visegrád Group - Hungary, the Czech Republic, Poland and Slovakia - signed a memorandum of understanding (MoU) on cooperating in the area of industrial policy in Budapest on Thursday.