Recent news
Latest items of recent news relevant to Hungary as reported in our fortnightly newswire ‘Dernières nouvelles’.
Hungary: Hiring third country nationals
Penalties have been increased for hiring third country nationals, or failing to inform the Employment Supervisory Authority about the termination of third-country nationals or their right of employment …
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Hungary: Industrial output in further decline (November 2023)
In November 2023 industrial production shrank for the 11th straight month to -5 …
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Hungary: New sovereignty protection office – a tool to control multinationals
The Hungarian parliament has passed a Bill that will create a new body to monitor the activities of foreign nationals and bodies …
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Hungary: Pay minima could rise as early as December 2023
According to an agreement that has been reached at a meeting of the Permanent Consultative Forum (PCS), the minimum wage is set to increase in December by 15% to HUF 266,800 (US$768 …
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Hungary: Tightening regulations to favour employment of Hungarian nationals
The Economic Development Ministry has revealed that a review is currently being undertaken into how immigration, residence and employment regulations may be modified to limit opportunities for third country nationals …
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Hungary: Hungarian-American tax treaty coming to an end (31st December 2023)
The expiry of the treaty will affect all US expatriates working in the country as well as Hungarians working on assignment in the USA …
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Hungary: Gross wage rises remain off the scale (June 2023)
Average wages grew over the year to June by 16% to stand at HUF 566,824 (US$1,597) pcm …
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Hungary: Clock is ticking on the review of internal reporting systems
Employers in Hungary with 250+ employees have until 24th July 2024 to establish an internet-based whistleblowing reporting system to comply with the EU Directive 2019/1937 …
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Hungary: EU marginalization coming to a head
A resolution has been drawn up, with support of the European Parliament’s three main political parties, for Hungary to be denied the 6-month Presidency of the European Union next July …
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Hungary: Contradictory messages over immigration
Although the national Parliament recently passed a resolution declaring that “Hungary’s position is clear, it does not want to become a country of immigration” it debated and passed on the same day a Bill relating to “the employment of guest workers” …
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Hungary: Inflation still highest in EU at 25.6%
: Inflation still close to peak …
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Hungary: European Commission to take Hungary to the ECJ for violation of EU values
The Commission has gone through several stages of the infringement procedure and has now resorted to the step of prosecution before the European Court of Justice (ECJ) over failure to comply with The Charter of Fundamental Rights …
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Hungary: 2023 Minimum wage & other changing rates
The minimum wage has just been increased, backdated to 1st January 2023 …
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Hungary: Commuting cost reimbursement
The Labour Code obliges employers to contribute towards the costs of travel in connection with the employment relationship …
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Hungary: EU’s new inflation hotspot
Dilution of currency finally causing it to devalue rapidly through inflation …
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