Super laser research facilities in Hungary and the Czech Republic will form a European Research Infrastructure Consortium (ERIC), Minister for Innovation and Technology László Palkovics said after meeting with Czech Deputy Prime Minister and Minister of Industry and Trade Karel Havlíček in Prague on Monday.
Lawmakers approved the 2020 budget with a vote of 127 for, 58 against, and no abstentions on Friday. The budget targets revenue of HUF 21.426 trillion, and expenditures of HUF 21.793 tln, producing a deficit of HUF 367.0 billion, less than half this yearʼs HUF 998.4 bln target.
A number of tax cuts and incentives to boost growth are in the focus of the 2020 draft budget that was presented to the Parliament at the beginning of June. The plans, paired with the recently introduced economy protection action plan, are aimed at safeguarding the Hungarian economy from the impact of a global slowdown.
House prices, as measured by the House Price Index, rose by 4% in both the euro area and the EU in the first quarter of 2019 compared with the same quarter of the previous year, the statistical body of the European Union, Eurostat says.
The Vál Valley Light Railway, a 6-kilometer vintage railway line passing through Prime Minister Viktor Orbánʼs hometown of Felcsút, is set to be extended at a cost of billions of forints, despite low passenger numbers and questions about the misuse of EU funds for the initial stage of the project, news site hvg.hu reports.