POLITICS & POLICY

Hungary – Foreign investments: Tyssenkrupp

According to the Hungarian Investment Promotion Agency (HIPA), the German firm Tyssenkrupp will invest approximately HUF 30 billion in Hungary for the creation of an automotive parts production facility. Steering systems and cylinder head-integrated will be now manufactured in Jászfényszaru, generating some 500 new jobs.

Source: Bbj, 21/04/2016

The Netherlands – Minimum pay: New measures

According to the Dutch Social Affairs minister Lodewijk Asscher, the country’s minimum wage for young people will soon be slightly raised, while the age at which adult wage rates kick in will be lowered from 23 to 21 years old. This measure is, among others, part of a plan to get more people into work. At the moment, one in six under 23 people earns the minimum wage (32€ a day before tax and premiums), while among the over 22, only one in 20 is on adult rates and earn €70 a day.

Source: Dutchnews, 21/04/2016

Portugal – Brexit: Import/Export

Brexit could have important effects on Britain’s trade partners. Looking at the case of Portugal, a recent paper by ParcelHero, an International shipping company, estimates that Brexit could cause the price of imported goods from this country to the UK to increase by as much as 30%. Portugal’s exports to the UK currently are worth almost €3 billion per annually.

Source: Portugal Resident, 21/04/2016


THE STATEMENT

“In order to reap the full benefits from our monetary policy measures, other policy areas must contribute much more decisively, both at the national and at the European levels”.

Mario Draghi, President of the European Central Bank

Source: BBC News, 21/04/2016


NUMBERS

4.4%

Portugal’s “excessive deficit” rate in 2015.

Source: Portugal Resident, 21/04/2016

 

30%

The percentage by which demand in the Hungarian real estate market grew in the first quarter of the year.

Source: Bbj, 21/04/2016


Photo Credits CC: European Parliament


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