László Baldauf, the co-founder and owner of local supermarket chain CBA, is selling his remaining share in the company, according to daily newspaper Népszava. The package will be acquired by other CBA owners.
The economic sentiment index in Hungary deteriorated "marginally" in May, according to economic research institute GKI. This was the result of a deterioration in consumer expectations. Business expectations improved slightly, GKI says.
The Hungarian government has sent its updated Convergence Program to the European Commission. The document contains aspiring numbers regarding the economy’s growth potential for the coming years. First quarter GDP data seems to justify such ambitious plans, at least in the short-term.
The ministers of Viktor Orbánʼs new government took their oaths in Parliament today, after receiving their appointments from President János Áder, national news agency MTI reported.
The ongoing labor shortage in Hungaryʼs industrial sector could force multinationals to postpone capacity expansions or take some production elsewhere, union and business leaders warned in Thursdayʼs issue of conservative daily newspaper Magyar Idők.