Within the national economy, wages in real terms increased by 3 percent in the initial seven months of the year, according to the flash report of the Hungarian Central Statistical Office (KSH) released earlier today. In the period January-July 2014, the average gross and net wages of full-time employees were also 3 percent higher year-on-year. Furthermore, in July the number of employees at enterprises with at least five employees was up by 52 thousand over the past year.
The Ányos Jedlik Plan, a blueprint for the regulatory and support framework required for the popularization of electromobility in Hungary, is being formulated, Minister of State for Economic Regulation Béla Glattfelder said at the first Hungarian E-Mobility Day in Budapest.
Although Europe and Asia mutually depend on each other from an economic point of view, in the current situation Europe probably needs Asia more, Minister for National Economy Mihály Varga said. He represented Hungary at the 11th Asia-Europe Meeting (ASEM) in Milan.
Hungary’s year-on-year employment data recorded the largest gain, 3.1 percent, among the EU member states in Q2 2014, the Ministry for National Economy announced in a press release, commenting on the latest Eurostat statistics.
In the opinion of Minister for National Economy Mihály Varga, the implementation of a proposal by Poland, which recommends the establishment of a joint EU investment fund and the drawing in of private sector resources in order to boost economic growth, would be favourable also for Hungary.
Following the more than 11 percent increase in the month of June, in July 20104 the industrial sector expanded by 12.3 percent year-on-year. Minister of State for Economic Regulation Béla Glattfelder, commenting on the latest data published by the Hungarian Central Statistical Office (KSH), said that this growth figure is the best in three years. Rebounding industrial output has been increasingly contributing to economic growth and this development is in line with the Government’s aim to elevate the industrial output-to-GDP ratio to the highest level within Europe, he added.
A time capsule has been placed in the ground as foundation stone for the citric acid plant about to be constructed under a joint, HUF 34bn Hungarian-Chinese investment project in Szolnok.
In the coming EU fiscal period, Hungary will spend EUR 2.1bn on R&D, double the amount received from cohesion funds in the previous period, Minister for National Economy Mihály Varga said at the opening ceremony of National Instruments’ (NI) Science Park in Debrecen.
Hungarian accommodation establishments received 5.25 million guests in the initial seven months of 2014, who spent 13.4 million tourism nights in the country and the gross accommodation charges they paid totalled HUF 101bn. The number of domestic guests and gross accommodation charge revenues continued to record growth exceeding 10 percent, while the total number of guests and the number of tourism nights gained 7.3 percent and 5.6 percent, respectively.