{
}
Germans are working fewer hours, with the average for full-time employees dropping to 39.8 hours per week in 2023, down from 40.7 hours in 2011. The rise in part-time employment, now at 30.9%, exacerbates the issue, as overall working hours decline, raising concerns about the economy's future and the skilled labor shortage.
Hungary's central bank maintained its key interest rate at 6.5% following a recent decline in the forint, which limited the potential for further monetary easing. The forint strengthened against the euro after the decision, aligning with forecasts from economists. A statement and briefing will be held at 3 p.m. in Budapest to elaborate on the decision.
Hungary's central bank is set to maintain its benchmark interest rate at 6.5% amid ongoing turmoil with the forint. All 22 economists surveyed anticipate this decision, which will be announced at 2 p.m. in Budapest, followed by a statement and briefing an hour later.
Magyar, a Hungarian politician and former civil servant, expresses skepticism towards the EU while advocating for reforms to address corruption and rule-of-law issues in Hungary. He aims to unlock billions in frozen EU funds but opposes the idea of a European superstate and the EPP's stance on military support for Ukraine, emphasizing a need for a balanced approach.
HUN
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
germany faces declining working hours amid rising part-time employment trends
Euro
German Economic Institute (IW)
Confederation of German Employers' Associations (BDA)
ROU
HUN
BGR
DEU
NLD
FRA
LVA
CHE
Rainer Dulger
Olaf Scholz
Johannes C. Bockenheimer
Michael Hüther
Show more
14:18 22.10.2024
Hungary maintains key interest rate amid forint recovery against euro
14:00 22.10.2024
Hungary to Maintain Interest Rate Amid Forint Instability
06:00 22.10.2024
hungarian politician critiques eu while advocating for reform and support for ukraine
04:00 22.10.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
Market Analysis and Predictions
CEO Changes
Banking Regulations
Industry Mergers & Acquisitions
Energy Sector Developments
Global Trade Developments
Startups & Entrepreneurship
Government Policies
Financial Scams and Security
Domestic Politics
Supply Chain Management
Hedge Funds & Private Equity
Central Bank Actions
Workplace Trends
Countries:
Companies:
Tesla, Inc.
Barclays PLC
JPMorgan Chase & Co.
Apple Inc.
UBS Group AG
Capital One Financial Corporation
NVIDIA Corporation
Bank of America Corporation
The Goldman Sachs Group, Inc.
Morgan Stanley
Commerzbank AG
Amazon.com, Inc.
SpaceXCoin USD
Deutsche Bank RV Global PP
Credit Suisse Real Estate Fund Siat
Wells Fargo & Company
Berkshire Hathaway Inc.
Google Inc.
Citigroup Inc.
SAP SE
Currencies:
United States Dollar
Euro
Chinese Yuan
Indian Rupee
Swiss Franc
British Pound Sterling
Vietnamese Đồng
Hong Kong Dollar
Australian Dollar
Singapore Dollar
United Arab Emirates Dirham
South Korean Won
Thai Baht
Norwegian Krone
Danish Krone
Swedish Krona
Russian Ruble
Ghanaian Cedi
Canadian Dollar
Turkish Lira
People: