Today (16th July), the price of petrol is rising by 3 HuF in Hungary.
Construction output in Hungary fell by an annual 20.1% in May, the Central Statistical Office (KSH) said.
Credit standards for loans to firms remain favourable, supported by fiscal and monetary measures Surge in firms’ demand for loans continues to reflect emergency liquidity needs Credit standards for loans to households tighten further Credit standards – i.e. banks’ internal guidelines or loan approval criteria – remained broadly unchanged for loans to enterprises (see Chart […]
In the week ending 10 July 2020 the net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 2.3 billion to EUR 321.7 billion. As a result of the Eurosystem’s open market operations and standing facilities, net lending to credit institutions (asset item 5 minus liability items 2.2, 2.3, 2.4, 2.5 and 4) fell […]
Industrial output in May was 30.7% lower than a year earlier, after a 36.8% contraction in April, the Central Statistical Office (KSH) said in a second estimate.
Should UK retailer Tesco decide to sell its more than 200 stores in Hungary, a local company, rather than a foreign multinational, is the likelier buyer because of competition rules, daily Magyar Nemzet said.
German supermarket chain Lidl is building a new logistics hub in Hungary with an investment of 35 billion forints (EUR 100m), Foreign Minister Péter Szijjártó said.
Hungary’s economic protection measures introduced so far have been sufficient and proportionate, and there is room for further intervention in the budget if a second wave of the novel coronavirus epidemic makes it necessary, daily Világgazdaság said, citing the innovation and technology minister.
President János Áder signed the law establishing the state budget that also amends the rules governing the Itemised Tax for Small Businesses (KATA) in a bid to crack down on small business tax abusers.
ECB Governing Council has adopted a decision to establish close cooperation with the Bulgarian National Bank Direct supervision of Bulgarian significant institutions to start on 1 October 2020 following completion of significance assessment process The Governing Council of the European Central Bank (ECB) has adopted a decision to establish close cooperation with Българска народна банка […]