Forint Plumbs New Lows Against Euro
- 4 Oct 2022 7:19 AM
- Hungary Matters
The forint traded at 427.26 against the dollar around 5:30, firming from 430.48 late Friday.
It strengthened to 430.65 from 438.71 to the Swiss franc.
The forint traded at 427.26 against the dollar around 5:30, firming from 430.48 late Friday.
It strengthened to 430.65 from 438.71 to the Swiss franc.
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The state debt manager ÁKK has been ordered in a final court ruling to release the contracts related to a €1 billion Chinese loan agreement, it was announced by Democratic Coalition MP László Varju, who started the case.
The European Commission has already taken Hungary to the European Court of Justice (ECJ) over its sovereignty protection law, but further consequences over the legislation may follow, Népszava reports.
The forint continued to appreciate against major currencies on Thursday, bolstered by the prospects of peace in Ukraine after US President Donald Trump announced that he had had a telephone conversation with Russian President Vladimir Putin.
Hungary has the second-lowest minimum wage in the EU at €706.94 a month, ahead of only Bulgaria at €550.67, according to the latest Eurostat data.













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