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Construction Sector Output Down 21% in July
Construction sector output in Hungary dropped by 21% in July after a contraction of 15.7% in the previous month, the Central Statistical Office (KSH) said. Month on month, output grew by 3.5%, based on seasonally and working day-adjusted data. In absolute terms,...
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Latest Update on Entry Restrictions in Hungary
A week has passed since the government introduced border protection measures and the country once again closed its borders to foreigners (with certain exceptions) due to the coronavirus. Since then,...
Gov’t Expands Electric Car Subsidy Scheme After Successful First Scheme
Given the success of the 5 billion forints (EUR 14m) subsidy scheme for electric vehicle purchases, the government has decided to expand the programme, with an extra 882 million forints now...
Innovation Minister Presents Artificial Intelligence Strategy
Hungary intends to harness the possibilities inherent in technological change and maximise the opportunities offered by artificial intelligence (AI), the minister of innovation and...
Business Trips Now Allowed to Hungary, Tests from EU-Schengen Area Accepted
The government has decided to exempt business trips from recently introduced travel restrictions to ensure the continuity of Hungarian economy, the government information centre said on Friday. At a...
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