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Parliament approves 2021 budget.

Lawmakers approved the governmentʼs 2021 budget today, with a vote of 133 for, 61 against and, 0 abstentions, according to a report by state news wire MTI.

Hungary to remain closed for non-EU nationals.

Hungary will not open its borders for nationals from countries outside the European Union, with the exception of Serbians, Prime Minister Viktor Orbán said in relation to a proposal by the EU asking member states to open their borders to 14 non-European countries, according to a report by kormany.hu.

Industry Endures Unprecedented Collapse in April.

The coronavirus pandemic has taken its toll on all economies: in the EU, the average setback in industrial output was 27.2% in April on an annual basis. Hungary was among the countries hardest hit by the crisis: industrial production was down by 36.8% from a year ago, and by 30.5% from the previous month.

Avg gross earnings at HUF 400,200 in April.

In April 2020, average gross earnings amounted to HUF 400,200, 7.8% higher than a year earlier, with the economic impacts of the coronavirus pandemic affecting wage growth negatively, according to data released by the Central Statistical Office (KSH).

Unemployment rate rises to 4.1% in March-May.

In March-May 2020, the average number of unemployed people in Hungary was 190,000, with the unemployment rate rising to 4.1%, largely due to the effects of the coronavirus epidemic, according to data published by the Central Statistical Office (KSH).

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