The OECD projects Hungary's general government deficit could reach 4.1pc of GDP in 2010 in a survey published on Thursday, over the 3.8pc government target. The OECD projects Hungary's GDP will fall 1pc in 2010 in its Economic Survey of... [read complete entry]
Hungary's government rejects main opposition Fidesz's criticism regarding its alleged distortion of the country's economic situation, government spokesman Domokos Szollar told MTI on Friday. Senior Fidesz official Peter Szijjarto earlier said the government was "delusional" when it "continued to paint... [read complete entry]
The OECD sees Hungary's gross domestic product falling by 6.9 percent in 2009 and 1.0 percent in 2010, slightly more than the respective 6.7 percent and 0.9 percent contractions forecast by the government, according to the organisation's latest Economic Outlook... [read complete entry]
After a deep recession this year, Hungary's economy may slowly recover in 2010, an OECD analysis said on Wednesday. OECD expects Hungary's GDP to contract by 6.1 percent in 2009, to be followed by a 2.2 percent recession next year.... [read complete entry]
Hungary does barely anything to curb corruption, Transparency International said in a report on the 36 countries who signed an OECD treaty on combating dishonesty. Of these countries, four have achieved a high level of success in the fight against... [read complete entry]
In 2008 Hungary continued to deduct the second highest labour taxes from employers and employees within the OECD, the Paris-based organisation said in its recent survey disclosed on Tuesday. Belgium topped the list with 56.0 percent, followed by Hungary with... [read complete entry]
Organization for Economic Co-operation and Development (OECD) Department Chief Jean Guinet said in Budapest on Monday that Hungary's innovation output has lagged significantly behind that expected over the past few years.... [read complete entry]
The proportion of university and college graduates in Hungary's 25-64-year-old population was relatively low - 17 percent - in 2006 as compared to the 26 percent average of the OECD countries, a recent OECD survey revealed.... [read complete entry]
Hungary has topped an OECD survey for gross wage growth in the manufacturing sector. [read complete entry]
Hungary imposes the second highest tax wedge in the OECD, according to the latest annual study on labor taxes by the rich-country club. [read complete entry]
A long-awaited plan by the Hungarian government to reform the country's tax system is losing steam as the ruling Socialist-Liberal coalition's partners wrangle over just how much room is available for cutting taxes, leaving some investors to openly mull exiting.... [read complete entry]