Wage Growth In Hungary Slows To 9.1 Percent In August
- 31 Oct 2020 7:25 AM
Year-on-year wage growth in Hungary slowed to 9.1% in August from 10.8% in July, data released by the Central Statistical Office (KSH) on Friday show.
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Coronavirus: HUF 60 Billion Relief Aid Offered To Budapest To Finance Projects
- 29 Oct 2020 7:37 AM
The central government has decided to offer the city of Budapest an initial round of 60 billion forints (EUR 164.4m) in relief, if the government can take over the financing of a number of big municipal projects, the Prime Minister’s Office state secretary for Budapest developments told MTI.
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Minister Says Hungarian GDP Could Be Down By 6.4 Percent In 2020
- 28 Oct 2020 9:07 AM
The GDP of Hungary could fall by 6.4% this year and economic trends could start to change from the second quarter of 2021 with a vaccine against the coronavirus possibly available by that time, Finance Minister Mihály Varga said at an annual hearing before a parliamentary committee.
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Payment Moratorium In Hungary Extended By Lawmakers
- 21 Oct 2020 11:35 AM
Parliament unanimously approved legislation to extend a moratorium on loan repayments, but only for vulnerable borrowers.
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Hungarian Policy-Makers Keep Base Rate On Hold
- 21 Oct 2020 11:10 AM
The Monetary Council of the National Bank of Hungary (NBH) decided to leave the central bank base rate unchanged, at 0.60%, at a monthly policy meeting.
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Forint Under Pressure Again
- 15 Oct 2020 9:07 AM
The Hungarian currency shed 2% of its value against the euro this week due to fears of the economic impact of the second wave of the pandemic, HVG reports.
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