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Fitch Ratings (Photo courtesy of Northfoto) raised Hungary’s Long-Term Foreign- and Local-Currency Issuer Default Ratings to ‘BBB’ from ‘BBB-’ at a scheduled review on Friday.
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Gross wage grew in Hungary by an annual 10.2% in December, the Central Statistical Office (KSH) said.
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The municipal assembly of Budapest passed the city’s budget for 2019. According to the budget decree, the capital will have revenues totalling 266 billion forints (EUR 837.8m), while total expenditure is expected to reach 380 billion forints.
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At the end of this year, on 31 December 2019, the National Bank of Hungary (MNB) will finally withdraw the old HUF 10,000 notes from general circulation.
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Consumer prices in Hungary grew by an annual 2.7% in January, in line with rate of inflation in December, the Central Statistical Office (KSH) said.
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Hungary’s cash-flow-based budget, excluding local councils, showed a 244 billion forint (EUR 764.5m) surplus in January, the finance minister said.
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