The opposition Párbeszéd party launched a signature drive in Budapest, as part of a citizens’ initiative calling for the introduction of a universal basic income across the European Union. Budapest Mayor Gergely Karácsony, the party’s co-leader, told a press conference on Blaha Lujza Square in central Budapest that a basic income for all EU citizens […]
The Hungarian government could consider a second, targeted extension of a moratorium on loan repayments, depending on circumstances in the spring, Márton Nagy, an advisor to the prime minister, said in Friday’s issue of daily Magyar Nemzet.
Addressing an online conference, Finance Minister Mihály Varga said that his ministry’s forecast for a 5-6% contraction this year months ago is approved by a growing number of institutions and analysts. The rebound many economists foresaw has not materialised, he added.
The Hungarian government will carry on with its economic protection measures aimed at offsetting the effects of the novel coronavirus pandemic throughout the autumn, the finance minister told an online conference.
Global companies using cutting-edge technology are putting their trust Hungary, its investment environment and the Hungarian people, Foreign Minister Péter Szijjártó said at the official opening of the Continental test track in Veszprém, in western Hungary.
Hungary’s budget deficit, excluding local councils, was 2,261.3 billion forints (EUR 6.2bn) at the end of August, widened by spending related to the coronavirus, economic stimulus and pre-financing for European Union funded projects, the Finance Ministry confirmed in a detailed reading of data.
Hungarian rate-setters kept the base rate on hold at 0.60% at a regular meeting. The Monetary Council also left the interest rate corridor unchanged, the National Bank of Hungary (NHH) said.
Fully 70% of Hungarians say the economy and jobs are most endangered by the coronavirus epidemic, while 27% are most concerned about people’s health, according to a survey by the Századvég Institute.
Hungary’s government will introduce further economy protection measures because the economy must be kept functional during the second wave of the pandemic, Finance Minister Mihály Varga said in an interview published in daily Magyar Nemzet on Saturday.
The government will extend for another six months the moratorium on loan repayments, Prime Minister Viktor Orbán said.