Commenting on Moody’s change to the outlook of Hungary’s Baa3 sovereign rating to “positive” from “stable”, Finance Minister Mihály Varga said Hungary’s rating was “unique” in the European Union as the no other member state’s outlook had improved in the past six months.
The extension of the moratorium on loan repayments is helping one million Hungarians, a state secretary of the Prime Minister’s Office said.
Renovation work on the second runway of Budapest’s Liszt Ferenc International Airport will start on Monday, and will be carried out by Budapest Airport in a single phase.
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.
