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In an opinion piece in the main pro-government daily, National Bank president György Matolcsy warns that a high public deficit and the worsening trade balance make Hungary vulnerable to international financial shocks and demands swift action.
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Hungary rate-setters at a regular policy meeting on Tuesday raised the base rate by 30 basis points to 2.10% while also raising both sides of the interest rate corridor by 30 basis points.
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The owners of Budapest Airport have initiated a due diligence procedure with the Hungarian government, majority owner AviAlliance announced, in what is a possible first step towards selling the airport.
More >>György Matolcsy, the governor of Hungary’s central bank, has argued in an op-ed for magyarnemzet.hu that changes are needed to the way the country narrows the gap with more developed countries.
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Hungary and the Republic of Korea have signed agreements on expanding the number of direct flights between their capitals, Hungarian food exports and Korean language teaching in Hungary, Péter Szijjártó, the foreign affairs and trade minister, said after a Visegrad Group-South Korea summit in Budapest on Thursday.
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Hungary’s jobless rate was 4% in September, unchanged from the previous month, the Central Statistical Office (KSH) said.
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